“They Also Serve Who Only Stand and Wait”

This is the last line of a John Milton sonnet and has been subject to a wide range of interpretations.  One possible interpretation might relate to the fact that first responders are definitely serving, whether they are on stand-by or actually in the field addressing an emergency.

Investors might benefit from recognizing that they may be best served by not rushing to take action in response to every market event.  Generally, sound portfolio strategies can include an investor specific mix of equity, fixed income and liquid reserves.  Rebalancing and other strategies, as part of long term investment objectives, may require occasional transactions.  However, doing nothing is often the best long term approach to some events and market fluctuations.

All comments and suggestions are welcome.

Walter J. Kirchberger, CFA