I was looking for a spreadsheet or tool so I could teach my son to re-balance his (new portfolio to be) for when I am no longer here to help him. It occurred to me that funds as opposed to ETF's make re-balancing somewhat easier, as with funds you can select a $ amount to sell or buy when you want to re-balance, as opposed to whole shares. (it is more exact)
Is this a factor in deciding on funds instead of ETF's, when you can easily buy the ETF for the same amount as the Admiral Share?
I prefer the instant gratification of using ETF's myself, but for him it might be easier to re-balance with funds. Is this a consideration in your choice? I know a lot more people use funds as they were around longer and that's what they started with, and ETF's are the new kid on the block so to speak.
Also, does anyone have access to a spreadsheet or a website with a tool that is easy to understand to teach him with?
Last, what % do you use for a trigger for when you need to re-balance. In other words how much drift do you allow before you re-balance a particular fund.
Is this a factor in deciding on funds instead of ETF's, when you can easily buy the ETF for the same amount as the Admiral Share?
I prefer the instant gratification of using ETF's myself, but for him it might be easier to re-balance with funds. Is this a consideration in your choice? I know a lot more people use funds as they were around longer and that's what they started with, and ETF's are the new kid on the block so to speak.
Also, does anyone have access to a spreadsheet or a website with a tool that is easy to understand to teach him with?
Last, what % do you use for a trigger for when you need to re-balance. In other words how much drift do you allow before you re-balance a particular fund.