By MoneyBees
Enter what each part of your portfolio is worth and the mix you want. See how far each has drifted, the amount to buy or sell to get back on target, or where to put new cash without selling, and what the trades cost on SGX.
Largest drift
10.0 points
outside your 5-point band
To sell, then buy
$11,000
sell $11,000 first
Cost of the trades
$28.78
0.13% of what you trade
At least one part of your portfolio is 10.0 points away from its target, more than your 5-point band. The table shows the trades that bring it back.
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| Holding | Now | Target | Drift | Buy or sell | After | Cost |
|---|---|---|---|---|---|---|
| Shares | 70.0% | 60.0% | +10.0 | Sell $10,000 | 60.0% | $13.08 |
| Bonds | 20.0% | 30.0% | -10.0 | Buy $10,000 | 30.0% | $13.08 |
| REITs | 6.0% | 5.0% | +1.0 | Sell $1,000 | 5.0% | $2.62 |
| Cash | 4.0% | 5.0% | -1.0 | Buy $1,000 | 5.0% | - |
Cost is your broker's rate or minimum, SGX's 0.0075% trading and 0.0325% clearing fees, and 9% GST on all three, for one trade per holding. Moving cash costs nothing here.
You want 60% in shares and 40% in bonds. After a good year you hold S$70,000 in shares and S$30,000 in bonds, 70/30. Shares are 10 points over target.
To rebalance, sell S$10,000 of shares and buy S$10,000 of bonds. At 0.08% with a S$2 minimum, each trade costs S$13.08 with SGX fees and GST, S$26.16 for both.
Or add S$10,000 of new cash and put it all into bonds. You end at S$70,000 and S$40,000, about 64/36, closer to target without selling.
There are two common rules. Rebalance on a set date, such as once a year, or when any part drifts past a band, such as 5 points. Checking too often adds trades and costs without much benefit.
Adding new money to the parts that are under target avoids selling and its fees. In Singapore, individuals pay no tax on gains from selling shares held as investments, so tax does not usually change the choice. Funds held abroad may follow other rules.
The holdings here are broad types, not products. MoneyBees names no fund or share and does not recommend one.
Buying and selling to bring each part of your portfolio back to the mix you chose. If you want 60% shares and shares grow to 70%, you sell some shares and buy the parts that fell behind.
Multiply the portfolio's total value by each target weight, then subtract what you hold now. A positive answer is the amount to buy, a negative one the amount to sell.
Common rules are once a year, or whenever any part drifts more than a set band, such as 5 percentage points. Rebalancing very often adds costs without much benefit.
Yes. Put new cash into the parts that are below target. It avoids selling fees and works well if you invest every month. Large drifts may need more cash than you have.
Your broker's commission or minimum fee, SGX's 0.0075% trading fee and 0.0325% clearing fee, and 9% GST on all three. On a S$10,000 trade at 0.08% with a S$2 minimum, that is S$13.08.
Individuals in Singapore are generally not taxed on gains from selling shares held as investments. If buying and selling shares is your trade or business, the gains can be taxable.
The gap between a holding's share of your portfolio now and its target, in percentage points. A 60% target that is now 70% has drifted 10 points.
These calculators provide general estimates for educational purposes only and are not personalised financial advice. Results may rely on rates and rules that change over time, so verify against official sources (IRAS, CPF Board, HDB, MAS) or consult a licensed financial adviser before making decisions.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).