Thanks Blue for the check!
One of the main reasons that this doesn't go above a leverage of 1 is my
function. This looks to calculate what the available cash is, and appropriately put it to work to buy the asset classes/ETFs that are under-represented. By placing limit orders we prevent any price slipping away from us that can happen when folks use the
function. It also prevents rounding issues that can happen with that function and smaller accounts. Full disclosure though, I do use the
function to sell stocks/ETFs for tax loss harvesting or reducing the ones that have grown to be overweight.
This approach is also helpful for individuals who will be contributing money to the account on a frequent basis - this is constantly checking to make sure it puts your capital to work!