The Piton Investment Team has been pleased with recent positive returns on Piton portfolios. The team has also embraced this was a time right for a rebalance. Rebalancing means making trades so that holdings within a portfolio fall within the specific margins in accordance with the allocations that structure the portfolio. For example, if a specific holding is allocated to constitute 3% of a portfolio, but that holding has swelled to be 5% of the portfolio, then a rebalance will include selling enough of that position to restore its 3% allocation. It might not seem intuitive to sell positions that are on the rise, so why is rebalancing critical and beneficial? Piton CEO, Founder and Senior Wealth Advisor Michelle Clary explains, “It can be emotionally enticing to keep chasing gains when the roller coaster is going up. Serving our clients properly, however, means safeguarding their wealth in accordance with their risk tolerance, That can include taking gains and protecting them. We have the same guardrails when the roller coaster that is the market goes down, by the way. We want the money to be there for the clients’ life goals when they need or want it, whether that is weeks or years away. Rebalancing is one tool toward that end.” Senior Vice President of Market Research Chuck Etzweiler concurs: “In this line of work, that dedication to clients is paramount. If their gains are erased before they use the funds, we don’t think of that as success. Rebalancing is not a glamorous tool, but we use it because it serves our real purpose, which is serving client goals.” That is a great way to think of the Piton Investment Team: dedicated and disciplined in approach, appreciating the positive results, and constantly focused on their mission of serving clients.