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View submission: Don't invest recklessly
I think the rebalancing point is related to the question of your overall portfolio model. For simplicity, I have three categories of investments: 35% low risk, low volatility, low liquidity (muni bonds, treasuries), 50% in medium risk, medium volatility and highly liquid (cash, equities & real estate) and 15% in highly volatile, high risk alternatives. In this category, I try to keep at least 10 bets, each with a 90% chance of failure and a 14x+ upside if they don't fail. I re-balance every quarter. I actually play BTC in my equities portfolio (bets on the companies that could surge with BTC, either as users or producers) as well as some cloud mining and some buy-low-and-and-hold BTC purchases, all dollar-cost-averaged in and out over a quarterly window to minimize impact from the volatility. Our thesis is a $1T+ USD market cap by Dec 2017. As I said, all bets in that category are assumed to have 10% odds of a win...
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