Investment Philosophy

Paramount to successful investing is the need to protect one's capital. Preserving capital is one of the most important tenets of investment management.  It matters little how great your returns are if you give it all back in the next down market. 

Understanding investment risk educates one to the fact that just by achieving expected long-term portfolio return rates does not guarantee that an investor will be able to meet his or her retirement goals.  It is not only the magnitude of the returns that matter, but it is the order of the returns that matter.