Core Viewpoint - The article emphasizes the importance of portfolio rebalancing using the "雪球三分法" (Snowball Three-Point Method) for effective fund management and asset allocation [6][34]. Group 1: Portfolio Rebalancing - The author highlights the convenience of using the Snowball Three-Point Method for rebalancing, which simplifies the process significantly [10][34]. - The main objectives of year-end rebalancing are to reallocate major asset classes and optimize specific fund selections [15][16]. - The current portfolio has a cumulative return of 5% and a year-to-date increase of 2.9%, primarily driven by gold investments [18]. Group 2: Asset Allocation Strategy - The portfolio is structured with a focus on stability, featuring a significant allocation to bond funds and low-volatility dividend funds [17]. - The author identifies the need to adjust the high allocation to commodities, particularly gold, due to its substantial price increase [20]. - The analysis of current holdings reveals potential issues, such as the underperformance of certain bond funds and the need for diversification in equity funds [21][22]. Group 3: Proposed Adjustments - The proposed new asset allocation maintains the original target ratios: 15% cash-like assets, 25% bond funds, 45% equity funds, and 15% commodities [26]. - Specific fund adjustments include adding a credit bond fund to the bond category and replacing certain U.S. equity funds with a more balanced global fund [27][28]. - The article outlines a detailed plan for reallocating funds, including the introduction of new emerging market funds and an oil fund to diversify the commodity exposure [28].