Investment Philosophy

I am comfortable managing growth, growth & income, and income portfolios.  I do not like to lose money.  Therefore I rarely buy the “hot stock” or those stocks with unusually high valuations (high price/earnings ratios).  For growth investors, I look for solid companies that are temporarily out of favor for non-recurring reasons – a contrarian’s approach.  When the cocktail party crowd is touting a red-hot stock, I may have already begun to sell it.   I may use option hedging strategies to boost income and/or manage risk.  I occasionally use short-selling when appropriate.  I rely on both technical (charting) and fundamental analysis in stock selection.  I use the Standard & Poors 500 stock index as a benchmark to gauge performance for a growth portfolio.

Because of my additional experience in fixed income investments (bonds), I am familiar with the varying levels of risk and credit equality.  A typical income portfolio of mine would include: Treasury & Corporate bonds, common & preferred stocks, Real Estate Investment Trusts (REITs), no load Mutual Funds, and cash.  I use the 10 year Treasury note annual return as a benchmark for income portfolios.