January 20, 2012
While I pride myself on the relationships I develop with each and every one of my clients, I also pride myself on my emotional detachment I maintain in my investment philosophy. A great example of the benefits of staying the course and sticking with the plan, rather than making emotionally based investment decisions can be seen in the market activity of the last few months. We had a very rough summer filled with exceptional market volatility and negative sentiment. For all the doom and gloom, here we are a few months later off merely 4% from the May highs. If you had a plan in place and stuck with it, you would have came away relatively unscathed. For example, looking back to my previous post regarding the SPY's, we see that we have successfully broken out of the triangle and look to be heading back to highs. I hope this is the case, as 2011 was a long year!
(This article contains the current opinions of the author but not necessarily those of Brighton Securities Corp. The author's opinions are subject to change without notice. This blog post is for informational purposes only. Forecasts, estimates, and certain information contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities).