I attach a Suite containing two Blox:
- Equal Position Entry Exit
Equal Position Portfolio Manager
Another use is to mimic the traditional 60/40 portfolio. Include 3 stock ETFs and 2 Bond ETFs and you have it.
Re-balance periods include weekly up to annually. Holidays are unaccounted for and will occasionally mean a re-balance is skipped.
Or you can use this for buy and hold by setting Rebalance? to "None".
The money management equally divides the capital invested ab initio and on each re-balance date to capital invested / total stocks in the portfolio.
Re-balance dates are rolling, not fixed at period ends. This is to avoid curve fitting. Experiment with this - try 5 or 10 or 15. This number as well as the period (IE 90 for quarterly) will be added to the start date to create the first re-balancing date. Thereafter the period (EG 90 days for monthly) will be added each re-balance date to arrive at the next re-balance date.
Buffer if used means something less than the full amount of capital will be invested. An attempt to ensure no unwanted leverage. Adjustment Threshold - if set to 0.05 will ensure no re-balance unless the position is more than 5% out of kilter and so on. Set to zero re-adjustment will occur even if the relevant stock is only marginally out of equal proportion.
Again investment advice is not offered and I may have made mistakes. I have tested this with the latest version of TB. Please let me have comments if you have any.