u/KingofQueens24

Hey all, so when I first got started with investing, I used the E*trade core portfolio which automatically invests for me based on my risk profile. I plan on holding this for a long while (10+ years) and still regularly contribute. The portfolio will automatically rebalance once or twice a year to stay near my target portfolio holdings. I don’t check the account regularly, so I just saw that during the dip around March 27 my portfolio must’ve been out of skew so it sold some shares and bought others to realign with my targets. My issue is when jt sold shares to rebalance, it did it at the lowest point of that dip, and likely created a taxable event for me as well. For example it sold 5k of ITOT and bout 5K of SPYM (not exactly sure why since it seems like there’s a lot of overlap, but that’s another issue). If I were managing this fund, I would’ve just held through the dip and never sold, and just continued to buy whatever was out of allocation. What’s your guys thoughts on this rebalancing? Is it costing me money in the long term and should I maybe just cash out and put the money in the same investments, just not in the core portfolio account? It has pretty good returns (9% annual) so it’s not like it’s not making money, but I’m not a fan of the taxable events eating into potential gains. The account also has an annual advisory fee of 0.3%. Let me know your guys thoughts on what you would do moving forward! TIA