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Annually Rebalancing Client Portfolios Hurts Performance: Pinnacle's Michael Kitces

TedTed
in The OT Bullpen
FYI: The simple and straight forward ritual of annually rebalancing client portfolios is actually hurting performance, according to Michael Kitces, director of research at Pinnacle Advisory Group.
Regards,
Ted
http://www.investmentnews.com/article/20160418/FREE/160419927?template=printart
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