Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
Best Of MIBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of MIBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd


The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Investment Strategies / Mechanical Investing
Unthreaded | Threaded | Whole Thread (10) |
Author: rayvt ✧☼🐝🐝  😊 😞
Number: of 6243 
Subject: Re: Back in
Date: 03/03/24 4:28 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 7
[IBKR] is much more tedious than the old FolioFN update and exchange method

Look at M1 Finance. Their terminology is confusing, but once you understand the business about slices & pies it is easy.

That's what I use on that 25 stock screen. Run the screen, identify the stocks to sell and buy. Go into your "pie" and delete the ones to sell. Then in the pie add the ones to buy. The holdings allocations must equal 100%. You can click the "balance" button, or manually set your own percentages for the holdings.

Verify the sell & buy list, click OK. Go to the portfolio and verify the scheduled sells and buys.

The next trading window (next day morning) the trades will automatically happen in the portfolio(s) that are linked to that pie. Note that it will only sell the ones you deleted and buy the ones you added. If there is any money left over, it will distribute it by buying more of the current underweight stocks.

If you want to also rebalance your portfolio, go to the portfolio and click the "rebalance" box. Normally this will modify the scheduled sells & buys, so that it all happens at once.
Sometimes for some reason that doesn't happen, so you can just do a "rebalance" the next day.

I used to rebalance at the same time, but I don't anymore. I just leave the "keep" stocks alone. Let the winners run and let the losers (eventually) drop off. Equal balance is 4% allocation for each stock, currently mine run from 3.4% to 6.0%.

Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to rayvt here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 6,227 posts about Mechanical Investing. The article-length ones it recommended most:
Dividend investing · 52 recs · 2025
Non-Mag7 screen · 34 recs · 2025
OT - Div yields and returns · 32 recs · 2024
Using AI to generate backtesting programs · 30 recs · 2025
Rankings for 19Dec2022 · 29 recs · 2022
Unthreaded | Threaded | Whole Thread (10) |


Announcements
Mechanical Investing FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Best Of MI | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community