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Market Commentary
January, 2012
“Out with the old”….And as we look back and say goodbye to 2011, I must
say....it was a frightful year. Market volatility was much more disturbing
than usual, as the after-shocks of the 2007 – 08 near financial meltdown,
fresh in every-bodies mind….triggered selling panics whenever a negative
headline surfaced.
Our accounts held up well though. Depending on the asset mix in client
account’s.….Returns, after fees, averaged about 4%. A few client accounts
achieved 9% returns….some 2%...but on average about 4% after fees. This
was accomplished while keeping the largest cash balances in client
accounts then we ever have….about 25%....the norm being 10%.
The goal for 2011 was to dampen volatility in client accounts…preserve
client capital….and still provide a higher return, after fees, than clients
could normally achieve elsewhere. I’m satisfied that those results were
achieved.
The 2012 game plan will be to continue to keep large cash balances on
hand as there will be other shocks….hopefully milder shocks…as the US
economy gets stronger and is better able to absorb these tremors.
These November elections are the most important of our generation….If the
American people get it right…the best years for this country will be ahead of
us.
Let’s pray for a good result.
Charles De Rose
January, 2012
“Out with the old”….And as we look back and say goodbye to 2011, I must
say....it was a frightful year. Market volatility was much more disturbing
than usual, as the after-shocks of the 2007 – 08 near financial meltdown,
fresh in every-bodies mind….triggered selling panics whenever a negative
headline surfaced.
Our accounts held up well though. Depending on the asset mix in client
account’s.….Returns, after fees, averaged about 4%. A few client accounts
achieved 9% returns….some 2%...but on average about 4% after fees. This
was accomplished while keeping the largest cash balances in client
accounts then we ever have….about 25%....the norm being 10%.
The goal for 2011 was to dampen volatility in client accounts…preserve
client capital….and still provide a higher return, after fees, than clients
could normally achieve elsewhere. I’m satisfied that those results were
achieved.
The 2012 game plan will be to continue to keep large cash balances on
hand as there will be other shocks….hopefully milder shocks…as the US
economy gets stronger and is better able to absorb these tremors.
These November elections are the most important of our generation….If the
American people get it right…the best years for this country will be ahead of
us.
Let’s pray for a good result.
Charles De Rose