Hi Toofuzzy,
I suppose you can own STOCK, BONDS, GOLD, CASH with 25 % in each and either rebalance once / year or if one asset gets to be 15 % or 35%.
Yes and rebalance at 15% and 35%.
But let's say that gold is at 27% and cash at 21% and you get an AIM sell for gold, you can execute the AIM sell. AIM is happy and PP is happy, you have a bit less Gold and more cash. I think that Harry Browne said that you can rebalance at any level, but that 15% and 35% is mandatory.
So you let AIM do the rebalancing between the 15% and 35% and do mandatory PP rebalancing at 15% and 35% with PC change.
Kind Regards, K