Expecting rebalancing to juice portfolio returns is a “dumb idea,” according to Forbes. “Rebalancing is fine if all you are trying to do is sleep better at night. But the idea that it increases your expected return is balderdash.” This can be reasonable advice… up to a point. But all-or-nothing blanket statements don’t usually fare well when it comes to evaluating investing strategies for the real world. That’s surely the case when reducing the pros and cons of rebalancing, and all the accompanying nuances, to a one liner.