‘Conservative and Disciplined’

Investing in today's markets is complex and challenging. Nonetheless, great opportunities exist to build wealth through a carefully planned and managed investment program.

• In order to eliminate as much risk as possible in the context of our growth philosophy, we exclude from our portfolios many of the elements that create risk.
• Every business began small. The successful ones grew. But the period of greatest risk for any venture is the start-up phase. We reduce risk by investing only in companies that have become well established, with proven histories of strong growth.
• Companies with too much debt are at risk from management mistakes and economic downturns. We look for healthy balance sheets and strong cash flow before we decide to buy a stock.
• We make sure our fixed- income investments are secure by investing only in investment- grade bonds. We also avoid volatility in our fixed-income investments by utilizing a intermediate term maturity strategy.