> you will need to pay short-term capital gains taxes on any gains Stating the obvious here, but only in a taxable account. I rebalance frequently and on smal

> you will need to pay short-term capital gains taxes on any gains Stating the obvious here, but only in a taxable account. I rebalance frequently and on small divergences in the IRA, which has no trading fees and obviously no tax consequences. In a taxable account I try to favor growth over dividends and rebalance very rarely.