Subject: Re: OT: weighting and rebalancing
"But for a portfolio of hand picked equities, I would be more hesitant."

Thank you, Jim. You're probably right. The periodic rebalancing that works well for mechanical portfolios may not work well for a hand picked portfolio. Probably for hand picked portfolios it's better to trim or add only when holdings have become clearly overvalued or undervalued. More important than periodic trimming and adding is the choice of holdings and their weightings.

I appreciate your input.