All that blather to rationalize a 36% result in a Canadian market enjoying its one-in-nine years outperformance against foreign markets. Thou doth protest too much, and without suffering twenty trades yearly to rebalance, why not select a dividend ETF like Dividend Aristocrats with about fifty holdings and a 0.67% MER where all the rebalancing is done for you? Though DXM has just 30 holdings, it's not been around long enough to provide comparisons, but again it is hands-off. Or iShares XDV ETF with low fees and no-touch for investor activity.

That way you avoid the non-emotional purchase of a turkey that loses over 90% of its value in 2016 -- excuses like a sparse sector aside. Way to go for objective stock picking and its payoff.

I followed, on a TR basis, the 2MP for four years, taking a more likely tack of just reinvesting the proceeds from the handful of equities that were replaced each year. The findings avoided a proper rebalancing, but the money from the dogs always was less.