We don't attempt to follow every Equity, nor do we experiment with fancy strategies, gimmicks, indices, or options. Client assets are not pooled or placed in identical portfolios. Every account is different and managed within its own broad objectives. Successful managers discipline themselves to follow a consistent strategy. Each selected security must contribute to goal achievement and be consistent with the client's risk tolerance.
Volatility is reduced with diversification.
Stocks are selected with short term growth as the only objective. Bonds, Preferred Stocks, Municipals, etc. are expected to produce income and nothing else. Historically, the average holding period for a stock is between 4 and 7 months. Maximum positions are not taken initially so that more of the security can be purchased if it moves to lower levels. When the price approaches this level, it is closely monitored to assure that a profit taking opportunity is not missed.