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Hi,

I am a new subscriber to Stock Advisor. I plan to create a portfolio on M1 finance with MF recommendations and setup a recurring investment (say monthly $500). Every month, there are going to be the following activities:

1) Add 2 new stocks to the portfolio (or any number of new stocks recommended by MF)
2) Deposit $500 into the brokerage account

How should I go about rebalancing my portfolio while doing the above actions? One simple way is to add 2 new stocks, and simply rebalance the portfolio to equally split my money across the new set of stocks. But I am not sure if that's a correct strategy. Because I do not know if a stock that MF recommends is a good buy only at a certain price at a certain date/month. May be I shouldn't keep buying it at a higher price in future? When I rebalance, I also end up selling a fraction of a stock I bought in the past - is it ok?

I am not sure if this is too complicated to ask/answer, but any help to understand this better is appreciated.

Thanks!
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