It’s been quite a year in the economy and in the markets in 2010. The former is stuck in neutral trying to find its footing to establish sustainable economic growth and put America back to work again while the latter continues to race full speed ahead despite the former. With the partial changing of the guard in Washington, much uncertainty exists with regards to the future direction of federal legislation and intervention. When this uncertainty is coupled with mounting international tensions and amassing debt concerns, many investors find themselves cautious and concerned.
All of this reminds us that asset allocation should remain of the upmost importance for individual investors, from our point of view at Hennion & Walsh, and should always be constructed in accordance with one’s investment objectives, investment timeframe and tolerance for risk. While past performance cannot guarantee future results, and asset allocation cannot ensure a profit or protect against a loss, applying a historical perspective and maintaining an appropriate strategic asset allocation can help provide comfort and direction to investors during periods of great volatility.
We look forward to working with you in the New Year to help with all of your investment needs.
From our family at Hennion & Walsh to yours, best wishes for a very happy and healthy holiday season.