We recently participated in a fun team-building activity, the details of which were kept secret up until the event began. Speculation ran rampant. Would we be hiking? White water rafting? Skydiving?

At its core, the concept of rebalancing is simple. Start with a target percentage allocation of each asset in a portfolio, and as asset values change, periodically make trades so that the portfolio doesn’t drift too far from those targets.

Barring some public outcry, the Department of Labor rule will be perpetually delayed, drastically changed, or die some legislative death. And some time in the future, when the financial services industry has once again taken advantage of an unknowing public, we’ll hear the outcry and moral outrage about greedy bankers and unscrupulous brokers.