Our investment philosophy is to emphasize the preservation of capital first and the realization of predictable income and capital growth second. Client portfolios are normally invested in high-quality stocks that pay a dividend and have growth potential and in “BBB” or better rated short to intermediate-term fixed-income. We buy based on yields to maturity, as prices will gravitate back to par as they approach maturity.
Based on this investment mix and a conservative philosophy, few sales are made. Mainly the portfolios buy, accumulate and reinvest in other high-quality income and growth oriented investments. About 75% of the accounts are tax deferred IRA and retirement plan type accounts.