I rebalance after the 6/30/2009 data become available and I do not have a "lifeboat" portfolio asset allocation. In fact the Balanced portfolio and the actual are significantly different as you can see here. The big differences are LSBDX which I have discussed in a TechNote and FLPSX and TAVFX which are long term investments that are perfoming very well after a terrible 2008. I show these comparisons to remind everyone that Sharpe ratio is only one of several criteria that need to be considered in rebalancing. As I have said many times you cannot reduced all decisions to a calculation. The scans are a tool not a rule.
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