@phroderick Three common ways to rebalance are:
1/ Do it robotically on the same day every year.
2/ When you are adding new money calculate how much of each asset to buy to get every thing back to target.
(Or just the buy the asset that is most below the target.)
3/ Only rebalance when you notice that one of the assets is off by X%.
Behavioural finance research would favour the first option because the more an investor is thinking about asset allocation the more likely they are to start messing with it.
Which brings me back to the original suggestions I made.
If you use the e-series hybrid I suggest that each time you contribute you use the same ratios to determine how much of each fund you will buy. Then let your calendar, not the asset allocation of the account, tell you when it is time to sell the mutual funds and buy the asset allocation ETF.
If you are just going to buy ETFs I suggest that you buy a risk appropriate asset allocation ETF and if possible use PACC. If PACC isn't a viable option (eg. if the amount you are contributing varies too much) you could instead set up automatic contributions to the account and use Passiv Elite to remind you to make a "one click purchase" as soon as money hits your account. Questrade currently pays for one year of Passiv Elite. (And hopefully they will make this a long term perk.)
The Value of Simple is remarkable among the PFC books I have read because it advises that you write an investment plan. I don't remember all of the items that John suggests that you include in a plan but I suggest that it includes your goals, time frame, asset allocation, your contribution plan and your expected long term and "worst case scenario" returns
This CPP page, and
this CPM video will help you to define your expectations. You should reevaluate your plan annually and when there are major life change.
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