Making Gains in a Flat Market
Ahh Spring…with tax filing
finally behind us! Allergy season is
in full bloom, oil prices, interest rates and federal deficits continue to rise
and the stock market is exhibiting its usual gyrations.
I’ve been asked a number of times what I thought the markets
would do this year. Of course no one
knows, but I have been trying to manage expectations by telling clients that
with two good market years behind us this year could be mediocre or even down.
However, that doesn’t mean that we shouldn’t stay invested. Our strategies, utilizing strong managers to
achieve broad global diversification, have proven successful through the
years*. While past performance can never
predict future results, it is amazing how quickly investors are to forget the
past.
With all this going on, I kept thinking that I needed to
find something positive to report. Just
about the time you need something, someone comes to the rescue. That’s why I thought the piece that we enclosed
this month was so appropriate. The
article illustrates that, even in flat market, a well managed investment
portfolio can still produce reasonable returns.
If you have concerns with the daily news and would like to
review your investments and current strategies, be sure to give us a call.
* Of course, any investment decision should be made after careful review of your individual financial situation, risk tolerance, investment objectives and time horizon.