January 31st, 2014
Our performance for both the fourth quarter and the full year was excellent. Our individualized asset allocation (which we regularly review) permitted our clients to participate in a great year for the equity markets. Our equity based strategies appreciated in a range from approximately 20% to almost 38%! One defensive strategy, Dividend Growth, through December 31, 2013 ranked in […]
Read more > January 15th, 2014
“The underlying principles of sound investment should not alter from decade todecade, but the application of these principles must be adapted to significant changes in the financial mechanisms and climate.” Benjamin Graham (father of modern security analysis) First, 2013 was a surprisingly good year. In our thought piece for 2013, we suggested that domestic equity markets would be […]
Read more > November 1st, 2013
“The stock market is filled with individuals who know the price of everything, but the value of nothing.” Philip Fisher (Noted investor and author of Common Stocks and Uncommon Profits) Summary Review The third quarter was a very successful one for our clients where meaningful gains were achieved in our defensive and traditional equity investment […]
Read more > August 1st, 2013
“By three methods we may learn wisdom: First, by reflection, which is noblest; Second, by imitation, which is easiest; and third by experience, which is the bitterest.” Confucius Summary Review The second quarter was a modestly positive experience for several asset classes led by equities. This is a continuation of a very strong first quarter where equities surprised […]
Read more > April 30th, 2013
“Your ultimate success or failure will depend on your ability to ignore the worries of the world long enough to allow your investments to succeed.” Peter Lynch Summary Review The first quarter resulted in very substantial gains for domestic equity markets (S&P 500 +11%), treading water in bonds, and a slow but continuing recovery in […]
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