INVESTMENT PROCESS

Our investment process draws on our many years in the     business and contacts developed over that time.

US EQUITIES

Investments are made both as short-term trades and as longer term holdings.  A long-term holding would generally be a growth company bought at an attractive valuation

INTERNATIONAL EQUITIES

There are various ways for us to access the international markets.  The growth of Exchange Traded Funds (ETFs) allow us to efficiently invest in most equity markets throughout the world.  Closed End Country Funds are also of interest when they trade at discounts.  For a more targeted approach we may use ADRs (American Depository Receipts) of companies we view as attractive, especially in markets like Latin America that we know particularly well.  The selection of ADRs or foreign shares traded on US markets is large enough to allow us access to some of the most interesting foreign companies. 

REITs

Our portfolio managers have traded and invested in this sector for over 20 years.  Our goal is to buy REITs with growing dividends, capable management, and a geographic or property type specialization.  We have learned over the years that yield alone is not the most important criteria in REIT investing.  Growth in cash flow is what ultimately lead to higher REIT dividends. 

CONVERTIBLE BONDS

Our goal in convertible bond investments is to try and own the convertible bonds of growth companies as a lower risk vehicle than the equity security.