Rebalansointiin

Rebalansointiin, often translated as rebalancing, is a financial strategy used by investors to maintain a desired allocation of assets within their portfolio. Over time, the performance of different asset classes, such as stocks, bonds, and real estate, can vary significantly. This leads to a drift in the portfolio's original asset allocation, meaning some asset classes may grow to represent a larger or smaller portion of the total portfolio than initially intended.

The primary goal of rebalancing is to bring the portfolio back to its target asset allocation. This is typically achieved by selling a portion of the assets that have outperformed and using the proceeds to buy assets that have underperformed or have not grown as much. For instance, if an investor initially planned for a 60% stock and 40% bond allocation, and stocks have performed exceptionally well, the portfolio might now be 70% stocks and 30% bonds. Rebalancing would involve selling some stocks and buying bonds to return to the 60/40 split.

There are two main approaches to rebalancing: calendar-based and threshold-based. Calendar-based rebalancing involves adjusting the portfolio at regular intervals, such as quarterly, semi-annually, or annually. Threshold-based rebalancing, on the other hand, involves adjusting the portfolio only when the allocation to a particular asset class deviates from its target by a predetermined percentage or amount.

Rebalancing is a key component of disciplined investing. It helps to manage risk by ensuring the portfolio doesn't become overly concentrated in any one asset class. It also forces investors to systematically sell high and buy low, a strategy that can contribute to long-term investment success, though it doesn't guarantee profits and can incur transaction costs.