Tried rebalancing once a month when following 200 day moving averages via an Ivy portfolio in my VP and failed miserably; could not tear my eyes off of stockcharts.com. This was doubly the case when the trendlines were moving strongly one way or another in the period immediately before the allotted day for rebalancing. In such a situation, it is far too tempting to wait "one more day", and then, inevitably, one will begin picking and choosing which days to rebalance for each asset class, and soon after, checking charts all the time.ochotona wrote: One key point is to only check 1x per month, same day of the month. It will cause some excess trades, for sure. Small price to pay for potential benefits. But it's not a lazy portfolio.
A hands-off automated rebalancing service might be the solution if such a service exists, however, the idea of a third party tapped in one's various brokerage accounts can itself be another---major---source of anxiety.