In managing one’s investments over the years, there will likely be occasions where the portfolio will be changed or take another form, and an appropriate term to describe this is pivot. I shared a post about pivoting our Bedokian portfolio (portfolio pivoting).
Image created by Gemini
Contrary to what most people think, portfolio pivoting is not about strategic asset allocation, where different asset classes are formed according to prevailing or anticipated market and/or economic cycles, nor a drastic switch from 100% equities to 100% bonds, but rather a strategic decision based on potential changes in one’s long-term objectives, while maintaining the same mix of assets. A good example would be a reduction in growth equities and a shift to more income producing equities and bonds in preparation for the retirement stage of life.
in our
…
