Hello there!
I was wondering if itās possible to set the default fund distribution in auto invest to Self-Balancing instead of By targets.
This would be extremely useful to us who donāt want to re-balance their portfolio due to taxation.
Thanks in advance and sorry if it was asked before (I couldnāt find the answer)
Not yet, but its been requested so we can hope to see it actioned sooner than a couple years from now. Auto balance is how M1 handles their pie system so would be good to get in T212.
Hey 
,
@Daoās comment is on point. Currently, we are not able to confirm ETA but weāll keep you updated.
Self-balancing autoinvest would be great 
I always self-balance when investing in my pies. This feature is very important and would be very helpful to a lot of people.
Hey, any update on self-balancing feature via DRIP or Auto invest in pies?
Weāre focused on other improvements, @GioMic. However, Iāll let you know if thereās any news.
Hi, thanks for the update. Iām also looking for this feature. From the conversation, I understand that this feature is not on the priority list, but is there any way to move this feature to the top of the backlog?
For example, I have 2 stocks with a weight of 50% each, after investing for a few months, the ratio become StockA: StockB = 75:25, although it is a diversion from my targeted percentage, maybe I still want to invest in the beginning ratio, i.e. 50:50, without any rebalance by selling StockA which will trigger a tax event.
Thanks for your patience.
You can do this without autoinvest at the moment. Thereās no need to wait for the feature if it is a priority to you. Just manually invest whilst they make the feature happen.
Hi Bogi, is there any update on this? As āauto-investā and āfund pie with self-balancingā are existing features, I wouldnāt have thought it would be too complicated to allow the auto-invest function to use the self-balancing function.
There arenāt any updates as of the moment and auto-investing is available āBy Targetsā only. The āSelf-Balancingā & āCustomā options are possible when manually investing in Pies.
Thanks Bogi. I appreciate that there are no updates, but is this feature on the roadmap?
Itās not among the features weāll release in the next few months. Generally, we do have plans to improve the Pies and AutoInvest features, but I canāt provide any specifics or timeframes right now.
Hello, I would also be very keen to see this feature. Not just for the sake of maintaining balance but for overall performance, as the reinvestment would naturally bias towards stocks that are undervalued and hence force an increase in yield. Over time this would make a massive difference and it would be great to automate the process.
I second support for a self-balancing distribution for autoinvest.
I would also like to see the option of setting up an auto-invest option on the portfolio level, which would distribute the sum across pies without having to do it one by one. An alternative would be having nested pies (one level deep would be fine).
@Bogi.H @Momchil.G is there any reason that implementing this feature would be particularly complicated?
T212 already has the following functions for manually investing in a pie:
T212 also already has the function to apply a By targets fund distribution on a scheduled basis. Presumably, in the code, you have a schedule function that triggers the fund distribution function.
So why canāt the fund distribution function be the existing self-balancing process?
Something like this?
Iām all for the flexibility and choice that this would enable but I struggle to get my head around why you would want to do this.
Periodic rebalancing can be important to manage risk etc, I fully appreciate that.
However, surely thereās a danger in such a rigid autobalancing approach that you keep ploughing your earnings into your losers?
As the adage goes, itās better to water the flowers and rip up the weeds than the other way around.
The benefit of the proposed āself-balancing auto-investā function is that it would allow you to regularly rebalance your pie without having to sell anything, which is great if youāre accumulating for the long term.
Yes, this means you might put more money into an asset thatās downtrending, but that already happens with the existing āby targetsā auto-invest function. If an asset in your pie is downtrending, it probably shouldnāt be in your pie anyway. Thatās your responsibility as the investor.
If the stock is down but you still believe in it for the long term, the self-balancing function would help to āaverage-downā your position.
Ultimately, itās a feature that should be available to the customer, should they want to use it.
Thanks, I totally agree. If thereās demand, itās a feature worth having and each to their own.
Good point regarding the potential extra costs of manually rebalancing such as tax and spread. I do take this into account when rebalancing as I like to avoid selling if I can.
I suppose itās the automation that I donāt like as I prefer fine-grained control.
Iām always wary of the need to let winners run and to keep adding to them.
My approach to rebalancing it to only intervene if I must, eg NVDAās ballooned to such a big proportion of my portolio that it becomes more of a risk than Iām comfortable with.