After a year that was difficult in so many ways, we are looking forward to a better 2021. How the markets acted last year provided yet another reminder that it is impossible to time the markets, and things turn very quickly in both directions. Last year our investment performance was solid. During the market dip in March we added to stocks for clients who had the risk tolerance and available cash, resulting in substantial gains. A defined process for selecting securities and constructing portfolios is critical for success, yet I believe limits are created by a lack of adaptation. Thus, we continue to test our processes to ensure we are creating portfolios that will perform well in a myriad of economic and market environments.
Please visit the “Market Updates” tab for a brief overview of 2021 and important portfolio actions to consider for this year!