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What is LMU? Limnadia Memorial University?

It's just a philosophy shift for me. The rebalance approach was previously my strategy, and I think it's a great one, but it just doesn't fit my goals anymore. I prefer to be much more hands on now, and try to view my investments as individual ones rather than a broad market of stocks. I'm not concerned about bull or bear markets, but rather which of my companies are under vs overvalued. This is only within accounts I have lots of flexibility and control over, however. For my TSP, for example, I do subscribe to the re-balance theory exactly as you describe. For my personal Roth and taxable accounts, which I obviously have much more control over, I don't want transaction costs and market timing efforts by rebalancing to erode gains which I feel I have better control over by utilizing buy and sell decisions individually. And I buy way, way more than I sell. But again, there's nothing right about my plan and wrong about someone else's. Well, there are lots of "right" and lots of "wrong" ways to invest in my opinion. Definitely no perfect one-size fits all approach, which was meant to be my original point.

These Dalai Lama gun memes are hilarious! More at: https://www.facebook.com/ActiveSelfProtection/photos/a.967141260060321.1073741835.102416569866132/967141576726956/?type=3&theater