"John C. Bogle, founder of the Vanguard funds, believes investors should rebalance their portfolios on a regular schedule by selling a portion of whatever has gone up the most or buying some of whatever has gone down. 'I think rebalancing makes a substantial amount of sense,' Mr. Bogle recently said on the Jean Chatzky radio show. With his own money, however, 'I don't rebalance ... I leave it alone. I have not touched my asset allocation since March of 2000.'"
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