The “proper” allocation of investments is the most common question we receive. We look at the big picture (i.e. the state of the markets), consider the tax code (Richard Truitt is an Enrolled Agent-a federally licensed tax practitioner), and maybe most importantly, your risk tolerance in suggesting a portfolio. Ongoing maintenance of the portfolio, considering the ever-changing previously mentioned factors plus the rebalancing of the portfolio, is crucial.
We use a dynamic process to adjust portfolios as market valuations and conditions change-though no management style is foolproof (“It’s tough to make predictions, especially about the future.”-Yogi Berra.)
We place a premium on reducing risk and not tying up your money. These activities may diminish the upside of a portfolio, but are designed to reduce downside risk. As famous investor Warren Buffett is reputed to have said “The first rule of investing is to not lose money. The second rule is to not forget the first rule.” We are constantly monitoring client portfolios and the investment climate. If you would like to discuss your portfolio in more depth – Contact Us.