Philosophy Dealing with your finances has become a complicated issue in today’s world. The available investments have multiplied as the financial industry creates increasingly complex vehicles. Hedge funds, managed futures, commodity funds, option strategies, collateralize debt obligations, currency strategies and all types of swaps. The list goes on and on. While many of the products may have a place in the portfolios of large institutions, their underlying fee structures are usually high and their performance enhancement is often minimal. We feel they are not necessary for achieving solid long-term performance in the portfolios of individuals and smaller institutions. We maintain that a well diversified portfolio using domestic high quality stocks and bonds as a foundation, supplemented with low cost passive international exposure, will meet the needs of most investors over the long term.