Rebalancing is not a return trick. It is a risk anchor.
01
Drift only points one way in a bull market. Every good year equity takes a bigger share, and the share is biggest right when the run is longest and a pullback is closest. Your risk peaks at the worst possible moment, and you never made the decision.
02
Everyone sells rebalancing as free return, buy low sell high. The bigger job is quieter. It drags the mix back to the number you set on a calm day. Trimming a winner to top up the laggard feels wrong. That feeling is the risk control working.
03
You cannot feel drift. 60/40 and 71/29 look identical on a quiet Tuesday. The gap only shows up in the fall, when it is too late to fix. A rule that resets on a schedule does it before you can talk yourself out of it.
Leaving it alone is not caution. It is handing the market your risk dial, and on the way up the market turns it all the way to maximum.
Set your own risk. Don't let the rally set it.
rupeecase.com / risk-profile