# Q3 2026 Portfolio Rebalancing Plan

Current allocation has drifted 8% from target due to tech rally. Time to rebalance.

## Current vs Target Allocation

| Asset Class | Current | Target | Delta |
|-------------|---------|--------|-------|
| US Equities | 52% | 45% | +7% |
| Int'l Equities | 18% | 20% | -2% |
| Fixed Income | 15% | 20% | -5% |
| REITs | 8% | 8% | 0% |
| Commodities | 4% | 5% | -1% |
| Cash | 3% | 2% | +1% |

## Rebalancing Strategy

### Tax-Efficient Approach

1. **Direct new contributions** to underweight assets (bonds, international)
2. **Harvest losses** in international positions that are down YTD
3. **Trim US tech** positions with highest gains in tax-advantaged accounts first
4. **Avoid short-term capital gains** — only sell positions held >12 months

## Risk Considerations

- Fed rate decision in September could impact bond allocation timing
- Dollar strength may continue to drag international returns
- Consider increasing bond duration as rate cuts become more likely

## Action Items

- [ ] Review tax lot details for US equity positions
- [ ] Calculate estimated tax impact of rebalancing
- [ ] Set limit orders for international ETF purchases
- [ ] Schedule review for post-Fed meeting adjustment