{"id":1468,"date":"2017-11-03T17:16:46","date_gmt":"2017-11-03T17:16:46","guid":{"rendered":"http:\/\/wdsinvest.com\/?p=1468"},"modified":"2026-02-17T21:45:40","modified_gmt":"2026-02-17T21:45:40","slug":"rebalancing-discipline-good-bad-times","status":"publish","type":"post","link":"https:\/\/wdsinvest.com\/fr\/rebalancing-discipline-good-bad-times\/","title":{"rendered":"Rebalancing discipline\u2013 through good and bad times"},"content":{"rendered":"<p class=\"MsoNormal\"><span style=\"font-family: Arial; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><em>Equities have continued to shine this year.\u00a0 Given stock-market-momentum, it\u2019s likely a good time for many investors to rebalance their portfolios.\u00a0 Rebalancing is the action of adjusting a portfolio\u2019s asset class allocations from its current weightings&#8211;determined by market forces&#8211;back to the policy\u2019s optimal weights.<\/em><\/span><span style=\"font-family: Arial;\"><em>\u00a0 <\/em><span style=\"background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><em>In this blog we briefly explain the significance of this important but often neglected investing discipline<\/em>.<\/span><\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial; color: #2f5496;\">Correct Balance<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial;\">Portfolio management assumes that there is a correct balance of securities (aka asset allocation) that is suitable for each investor.<\/span><span style=\"font-family: Arial;\">\u00a0 <\/span><span style=\"font-family: Arial;\">How you divvy up stocks, bonds, and cash reflect both the desired return and risk (for this purpose the ability to stomach volatility) for your portfolio.<\/span><span style=\"font-family: Arial;\">\u00a0 <\/span><span style=\"font-family: Arial;\">An investor\u2019s investment policy statement lays out these normal, broad asset class weights appropriate over the long haul.\u00a0<\/span><span style=\"font-family: Arial; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">Any portfolio that consists of securities with different returns will drift away from its target asset allocation and tend to increase portfolio risk. A trending stock market exacerbates this drift in portfolio weights.\u00a0 <\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial;\">\u00a0<\/span><span style=\"font-family: Arial; color: #2f5496; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">Investor Behaviour<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">\u00a0<\/span><span style=\"font-family: Arial; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">Investors are often loath to rebalance during a bull market for stocks. \u00a0Hesitant to sell shares after an exceptional run they end up with a portfolio overweight to equities and more susceptible to stock-market corrections.\u00a0 If it helps, remember that taking profits after a big run is not the same as missing out on the market.<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">\u00a0<\/span><span style=\"font-family: Arial; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">We do not subscribe to allowing the stock market to dictate investment policy, i.e. set-it-and-forget-it portfolio.\u00a0 Why?\u00a0 Because an investor\u2019s experience during a <a name=\"_GoBack\"><\/a>market down cycle could be significantly different than expected.\u00a0 Imagine a portfolio originally allocated 40 percent fixed income\/60 percent equity, that drifted to 20\/80 debt\/equity after a sustained market run-up, only to be followed by a sharp 20 percent market correction.\u00a0 The allocation drift would result in a 4 percent greater loss.<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">\u00a0<\/span><span style=\"font-family: Arial; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">Luckily rebalancing runs counter to our irrational human nature. It forces investors to buy low and sell high: profiting off gains from outperforming investments while paying lower prices for underperforming ones.<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">Investors should decide on the rebalancing rule when their heads are clear, and not in the middle of a market meltdown.\u00a0 During periods of market turmoil, investors face enough psychological pressure of succumbing to fear and risk making ill-timed decisions to sell.\u00a0 A better alternative is to practice systematic rebalancing.<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial; color: #2f5496; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">\u00a0<\/span><span style=\"font-family: Arial; color: #2f5496; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">Triggers &amp; Strategy \u2013 calendar or threshold<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial;\">There is no hard-and-fast rule about the frequency of rebalancing.\u00a0 Calendar-based triggers are common&#8211;rebalancing on a predetermined frequency. Threshold rebalancing, in contrast, depends on a predefined trigger that is independent of time. \u00a0<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial;\">\u00a0<\/span><span style=\"font-family: Arial; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">Studies find that in most instances, relatively infrequent rebalancing (on the order of once a year or so) and relatively high rebalancing thresholds between the broad asset classes of fixed income and equities (of about 10 percentage points) will be sufficient to contain the risks without resulting in an inappropriately high drag on returns.<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">\u00a0<\/span><span style=\"font-family: Arial; color: #2f5496;\">Balancing Act<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial;\">The portfolio rebalancing decision is multi-faceted; with benefits and costs hanging in the balance.\u00a0 The benefits of rebalancing must outweigh the costs, such as transaction costs and tax consequences.\u00a0 But do not become so focused on costs and lose sight of the more critical risk issues.\u00a0 <\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial;\">Rebalancing is often a natural by-product of portfolio management.\u00a0 To help minimize costs in the process, consider using incoming cash deposits and contributions or interest and dividend income generated by the portfolio.\u00a0 Also gains are best reaped inside registered retirement accounts, with tax deferred until you make withdrawals.<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial; color: #2f5496;\">Results Orientation<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: Arial; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">A rebalancing strategy may also depend on orientation.\u00a0 Pure money managers measure success by relative performance.\u00a0 For wealth managers, like us, success is measured by our ability to deliver results consistent with our clients\u2019 expectations.\u00a0 The real strength of rebalancing is that <\/span><span style=\"font-family: Arial;\">you fair better through the market\u2019s zigs and zags by staying invested.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Equities have continued to shine this year.\u00a0 Given stock-market-momentum, it\u2019s likely a good time for many investors to rebalance their portfolios.\u00a0 Rebalancing is the action of adjusting a portfolio\u2019s asset class allocations from its current weightings&#8211;determined by market forces&#8211;back to the policy\u2019s optimal weights.\u00a0 In this blog we briefly explain<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,9],"tags":[],"class_list":["post-1468","post","type-post","status-publish","format-standard","hentry","category-investing","category-investors-mindset"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rebalancing discipline\u2013 through good and bad times - Watson Di Primio Steel (WDS)<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wdsinvest.com\/fr\/rebalancing-discipline-good-bad-times\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rebalancing discipline\u2013 through good and bad times - Watson Di Primio Steel (WDS)\" \/>\n<meta property=\"og:description\" content=\"Equities have continued to shine this year.\u00a0 Given stock-market-momentum, it\u2019s likely a good time for many investors to rebalance their portfolios.\u00a0 Rebalancing is the action of adjusting a portfolio\u2019s asset class allocations from its current weightings&#8211;determined by market forces&#8211;back to the policy\u2019s optimal weights.\u00a0 In this blog we briefly explain [\u2026]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wdsinvest.com\/fr\/rebalancing-discipline-good-bad-times\/\" \/>\n<meta property=\"og:site_name\" content=\"Watson Di Primio Steel (WDS)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.linkedin.com\/company\/watson-di-primio-steel-wds-investment-management-ltd-\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-03T17:16:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-17T21:45:40+00:00\" \/>\n<meta name=\"author\" content=\"Derek Dedman\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@wdsinvest\" \/>\n<meta name=\"twitter:site\" content=\"@wdsinvest\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"Derek Dedman\" \/>\n\t<meta name=\"twitter:label2\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/wdsinvest.com\\\/rebalancing-discipline-good-bad-times\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/wdsinvest.com\\\/rebalancing-discipline-good-bad-times\\\/\"},\"author\":{\"name\":\"Derek Dedman\",\"@id\":\"https:\\\/\\\/wdsinvest.com\\\/#\\\/schema\\\/person\\\/f731b926771226714a7c0eb3f7c8e10d\"},\"headline\":\"Rebalancing discipline\u2013 through good and bad times\",\"datePublished\":\"2017-11-03T17:16:46+00:00\",\"dateModified\":\"2026-02-17T21:45:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/wdsinvest.com\\\/rebalancing-discipline-good-bad-times\\\/\"},\"wordCount\":627,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/wdsinvest.com\\\/#organization\"},\"articleSection\":[\"Investing\",\"Investors' Mindset\"],\"inLanguage\":\"fr-FR\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/wdsinvest.com\\\/rebalancing-discipline-good-bad-times\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/wdsinvest.com\\\/rebalancing-discipline-good-bad-times\\\/\",\"url\":\"https:\\\/\\\/wdsinvest.com\\\/rebalancing-discipline-good-bad-times\\\/\",\"name\":\"Rebalancing discipline\u2013 through good and bad times - Watson Di Primio Steel (WDS)\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/wdsinvest.com\\\/#website\"},\"datePublished\":\"2017-11-03T17:16:46+00:00\",\"dateModified\":\"2026-02-17T21:45:40+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/wdsinvest.com\\\/rebalancing-discipline-good-bad-times\\\/#breadcrumb\"},\"inLanguage\":\"fr-FR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/wdsinvest.com\\\/rebalancing-discipline-good-bad-times\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/wdsinvest.com\\\/rebalancing-discipline-good-bad-times\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/wdsinvest.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rebalancing discipline\u2013 through good and bad times\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/wdsinvest.com\\\/#website\",\"url\":\"https:\\\/\\\/wdsinvest.com\\\/\",\"name\":\"Watson Di Primio Steel (WDS)\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/wdsinvest.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/wdsinvest.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-FR\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/wdsinvest.com\\\/#organization\",\"name\":\"WDS - Ottawa Wealth Management\",\"url\":\"https:\\\/\\\/wdsinvest.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\\\/\\\/wdsinvest.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/wdsinvest.com\\\/wp-content\\\/uploads\\\/2016\\\/01\\\/favicon.png\",\"contentUrl\":\"https:\\\/\\\/wdsinvest.com\\\/wp-content\\\/uploads\\\/2016\\\/01\\\/favicon.png\",\"width\":32,\"height\":32,\"caption\":\"WDS - Ottawa Wealth Management\"},\"image\":{\"@id\":\"https:\\\/\\\/wdsinvest.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/company\\\/watson-di-primio-steel-wds-investment-management-ltd-\",\"https:\\\/\\\/x.com\\\/wdsinvest\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/wdsinvest.com\\\/#\\\/schema\\\/person\\\/f731b926771226714a7c0eb3f7c8e10d\",\"name\":\"Derek Dedman\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/aa2eb91a1c775599ab3eba31607eef9c23c291a1b8806e11421fb59fc4e1eb8b?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/aa2eb91a1c775599ab3eba31607eef9c23c291a1b8806e11421fb59fc4e1eb8b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/aa2eb91a1c775599ab3eba31607eef9c23c291a1b8806e11421fb59fc4e1eb8b?s=96&d=mm&r=g\",\"caption\":\"Derek Dedman\"},\"url\":\"https:\\\/\\\/wdsinvest.com\\\/fr\\\/author\\\/ddedman\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Rebalancing discipline\u2013 through good and bad times - Watson Di Primio Steel (WDS)","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wdsinvest.com\/fr\/rebalancing-discipline-good-bad-times\/","og_locale":"fr_FR","og_type":"article","og_title":"Rebalancing discipline\u2013 through good and bad times - Watson Di Primio Steel (WDS)","og_description":"Equities have continued to shine this year.\u00a0 Given stock-market-momentum, it\u2019s likely a good time for many investors to rebalance their portfolios.\u00a0 Rebalancing is the action of adjusting a portfolio\u2019s asset class allocations from its current weightings&#8211;determined by market forces&#8211;back to the policy\u2019s optimal weights.\u00a0 In this blog we briefly explain [\u2026]","og_url":"https:\/\/wdsinvest.com\/fr\/rebalancing-discipline-good-bad-times\/","og_site_name":"Watson Di Primio Steel (WDS)","article_publisher":"https:\/\/www.linkedin.com\/company\/watson-di-primio-steel-wds-investment-management-ltd-","article_published_time":"2017-11-03T17:16:46+00:00","article_modified_time":"2026-02-17T21:45:40+00:00","author":"Derek Dedman","twitter_card":"summary_large_image","twitter_creator":"@wdsinvest","twitter_site":"@wdsinvest","twitter_misc":{"\u00c9crit par":"Derek Dedman","Dur\u00e9e de lecture estim\u00e9e":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/wdsinvest.com\/rebalancing-discipline-good-bad-times\/#article","isPartOf":{"@id":"https:\/\/wdsinvest.com\/rebalancing-discipline-good-bad-times\/"},"author":{"name":"Derek Dedman","@id":"https:\/\/wdsinvest.com\/#\/schema\/person\/f731b926771226714a7c0eb3f7c8e10d"},"headline":"Rebalancing discipline\u2013 through good and bad times","datePublished":"2017-11-03T17:16:46+00:00","dateModified":"2026-02-17T21:45:40+00:00","mainEntityOfPage":{"@id":"https:\/\/wdsinvest.com\/rebalancing-discipline-good-bad-times\/"},"wordCount":627,"commentCount":0,"publisher":{"@id":"https:\/\/wdsinvest.com\/#organization"},"articleSection":["Investing","Investors' Mindset"],"inLanguage":"fr-FR","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/wdsinvest.com\/rebalancing-discipline-good-bad-times\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/wdsinvest.com\/rebalancing-discipline-good-bad-times\/","url":"https:\/\/wdsinvest.com\/rebalancing-discipline-good-bad-times\/","name":"Rebalancing discipline\u2013 through good and bad times - Watson Di Primio Steel (WDS)","isPartOf":{"@id":"https:\/\/wdsinvest.com\/#website"},"datePublished":"2017-11-03T17:16:46+00:00","dateModified":"2026-02-17T21:45:40+00:00","breadcrumb":{"@id":"https:\/\/wdsinvest.com\/rebalancing-discipline-good-bad-times\/#breadcrumb"},"inLanguage":"fr-FR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wdsinvest.com\/rebalancing-discipline-good-bad-times\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/wdsinvest.com\/rebalancing-discipline-good-bad-times\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wdsinvest.com\/"},{"@type":"ListItem","position":2,"name":"Rebalancing discipline\u2013 through good and bad times"}]},{"@type":"WebSite","@id":"https:\/\/wdsinvest.com\/#website","url":"https:\/\/wdsinvest.com\/","name":"Watson Di Primio Steel (WDS)","description":"","publisher":{"@id":"https:\/\/wdsinvest.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wdsinvest.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-FR"},{"@type":"Organization","@id":"https:\/\/wdsinvest.com\/#organization","name":"WDS - Ottawa Wealth Management","url":"https:\/\/wdsinvest.com\/","logo":{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/wdsinvest.com\/#\/schema\/logo\/image\/","url":"https:\/\/wdsinvest.com\/wp-content\/uploads\/2016\/01\/favicon.png","contentUrl":"https:\/\/wdsinvest.com\/wp-content\/uploads\/2016\/01\/favicon.png","width":32,"height":32,"caption":"WDS - Ottawa Wealth Management"},"image":{"@id":"https:\/\/wdsinvest.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/watson-di-primio-steel-wds-investment-management-ltd-","https:\/\/x.com\/wdsinvest"]},{"@type":"Person","@id":"https:\/\/wdsinvest.com\/#\/schema\/person\/f731b926771226714a7c0eb3f7c8e10d","name":"Derek Dedman","image":{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/secure.gravatar.com\/avatar\/aa2eb91a1c775599ab3eba31607eef9c23c291a1b8806e11421fb59fc4e1eb8b?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/aa2eb91a1c775599ab3eba31607eef9c23c291a1b8806e11421fb59fc4e1eb8b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/aa2eb91a1c775599ab3eba31607eef9c23c291a1b8806e11421fb59fc4e1eb8b?s=96&d=mm&r=g","caption":"Derek Dedman"},"url":"https:\/\/wdsinvest.com\/fr\/author\/ddedman\/"}]}},"_links":{"self":[{"href":"https:\/\/wdsinvest.com\/fr\/wp-json\/wp\/v2\/posts\/1468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wdsinvest.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wdsinvest.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wdsinvest.com\/fr\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/wdsinvest.com\/fr\/wp-json\/wp\/v2\/comments?post=1468"}],"version-history":[{"count":7,"href":"https:\/\/wdsinvest.com\/fr\/wp-json\/wp\/v2\/posts\/1468\/revisions"}],"predecessor-version":[{"id":2122,"href":"https:\/\/wdsinvest.com\/fr\/wp-json\/wp\/v2\/posts\/1468\/revisions\/2122"}],"wp:attachment":[{"href":"https:\/\/wdsinvest.com\/fr\/wp-json\/wp\/v2\/media?parent=1468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wdsinvest.com\/fr\/wp-json\/wp\/v2\/categories?post=1468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wdsinvest.com\/fr\/wp-json\/wp\/v2\/tags?post=1468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}