The late 90's were nirvana for anyone invested in growth stocks. Many individuals began to extrapolate near term success far into the future. However, as we have seen since 2000, what goes up usually does come down. For those invested in value stocks or bonds over the past several years, it may have been a more rocky road. However, they have generally achieved decent growth with far less risk than investors in tech stocks.

Consider two mutual funds, both of which have averaged 10% growth over three years. The conservative fund achieved 10% each year, while the aggressive fund reported +20%, -30%, and +40%. Which would you rather have owned? If you do the math, a $100,000 investment in the conservative fund would have yielded $133,100 after three years, while the aggressive fund would be worth only $117,600. Sometimes slow and steady does win the race.

With nearly 30 years of experience in the investment industry, and unlike many of today's money managers, we have seen bear markets before. We have found that a diversified approach to investing has yielded the most favorable long-term results. Are your investments too highly concentrated in too few stocks?

Lochinvar can put together an investment portfolio for you that can achieve your long-term goals, while limiting risk from insufficient diversification. We also offer portfolio construction and management services for those not accustomed to investment decision-making.

Contact us for a free initial consultation.