How frequently should one rebalance a portfolio? David Swensen does it every day with the Yale endowment fund, but that is an exception. Bernstein recommends no more than once a year and it does not hurt to let asset classes run longer.

Back on July 8th, I wrote about investor mistakes  Not saving sufficiently for retirement was the first item on my list. For minimum wage earners this is a problem as these families simply are living from hand to mouth day after day.