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Rebalancing

The best way to make changes to the composition of your portfolio

Getting started

Rebalancing your portfolio is crucial to keeping on top of your investments. From simply adding or taking some capital out of a single strategy to changing the composition of your entire portfolio -- using Pluto's rebalance is our way of making it as easy as possible.

How do I rebalance my portfolio?

When you click the rebalance button, let's break down each part of the window that opens up:
The first thing you'll see is our net change equation. This section at the top is how you can see the overall change for the rebalance.
Net change equation
Uninvested Cash is all the cash you have in your portfolio that is not currently in a strategy.
Withdrawals is the total amount you are moving out of your strategies (this money goes into your "uninvested cash").
Deposits is the total amount you are moving into your strategies (this money comes from your "uninvested cash").
Resulting Cash is the amount of cash you will have in your portfolio that is not allocated to any strategies.
The strategy selector is used to pick which strategies you want to include in the rebalance. You can choose one or multiple of them.
Once you've selected at least one strategy, you'll see it listed below the strategy selector.
What each part of the strategy card means
When rebalancing a strategy currently in a position, the shares required for liquidation for each asset are also listed. This behavior is represented in the image above.
Once satisfied with the rebalance, the final step is to hit the confirm rebalance button.
On some more complex rebalances, you'll see a "Rebalance in progress" button pop-up that will give you some insight into the progress.

Examples

I want to take money out of a strategy.

Simply select the strategy from the drop-down and use the red button until your desired state is reached. Once satisfied with the rebalance, hit the "Confirm Rebalance" button.
Removing $3000 from a strategy

I want to move money from one strategy to another.

Add both strategies to the rebalance tool from the drop-down and click the buttons (or manually input the values) to get to the desired state. Once satisfied with the rebalance, hit the "Confirm Rebalance" button.
Taking $1,500 from one strategy and putting it into another

Frequently asked questions

How do I make all my strategies have the same amount of money?

Equally weighting your portfolio is a great way to ensure you aren't putting all of your eggs in one basket, and luckily we make it super easy.
Sure, you could add your strategies and try and do it manually, but why do that when you could use our "Equalize All" button to have it done automatically?

I rebalanced my account, and now the amount of cash I have at the end is different than what it said I would have.

All of the numbers you saw in your rebalance were estimated. Your rebalance most likely included selling an asset, and the filled price of the order was different than the one we showed. If you have questions about how orders get filled, look at our orders guide.

I don't see the strategy I want to rebalance

This behavior is likely because the strategy you are not looking for is not active in your portfolio. Take a look at our guide on activating a strategy.

What happens if I'm in a position for a strategy I'm rebalancing?

When trying to rebalance money out of a strategy that is in a position, we try and sell an equal amount of each in terms of monetary value.
For example, If you're trying to take $3,000 out of a strategy and you're in A ($1000/share) and B ($500/share), the rebalance would take $1000 cash, 1 share of A, and 2 shares of B.

What happens to my equities positions when I rebalance them, but the market is closed?

The prices used for the rebalance calculations are the last close for the asset. Once a rebalance is confirmed, market orders are then queued for execution the next time the market is open.
It should be noted that this will likely result in very different portfolio numbers depending on how much the asset changed prices between its previous close and the next time it opens.