Chapter 23
Exceptions to the Rule (Ain’t There Always)
IN THIS CHAPTER
Rebalancing your ETF portfolio once a year
Practicing tactical asset allocation
Harvesting tax losses
Revamping your portfolio as life changes
Playing (or not playing) the ETF options game
When I was a kid, long before there was such a thing as online banking, I would often pedal my metallic-blue, three-speed Schwinn bicycle to one of the local savings banks on Long Island to deposit my allowance money. In those days, if you opened a new account, you were often given a free gift: a toaster, clock radio, leather wallet, crystal candlesticks, or such. This was a great incentive to switch banks, and I did so with regularity and gusto.
Today, I still ride my bicycle to the bank, but neighborhood banks no longer give away toasters or clock radios. Times change! Yet sometimes it still makes sense to switch your investments around.
In the previous chapter, I discuss the virtues of a buy-and-hold approach to ETF investing. ...
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