The speculator's primary interest lies in anticipating and profiting from market fluctuations. On the other hand, the investor's primary interest lies in acquiring and holding suitable securities at suitable prices. The investor with a portfolio of sound stock should expect their prices to fluctuate and should neither be concerned by sizable declines nor excited by sizable advances. One must remain on an even keel. There is a close logical connection between the concept of a safety margin and the principal of diversification.
Diversification is an established tenet of conservative investments.
As always, we are available to meet with you in person or by conference call to discuss your investment policy, allocation, risk profile or any financial area of your life. This is essential if your goals and objectives and financial situation have changed. We would anticipate increased volatility and look forward to the opportunities to increase equities within your risk profile and target range of allocation to equities. As you know, our objective at SEA is to help you meet your financial goals and objectives. The real risk in investing is not meeting these established goals, whatever they may be.