Investment Philosophy WE BELIEVE That there are five asset classes in the world today:1. Cash – Money Market, CDs, & T-Bills2. Real Estate - REITS & Real Property 3. Stocks - Domestic, International, Small, Large, Value & Growth4. Bonds - Government, International, Corporate, Municipal & High Yield5. Commodities - Oil, Gas, Currencies, Precious Metals, etc.WE BELIEVE Each asset class provides an opportunity for returnWE BELIEVE That risk taken is as important as expected returnWE BELIEVEThat risk can be reduced by diversifying within the 5 asset classes.WE BELIEVE That macro-economic conditions such as: Interest Rate Changes, Currency Changes, Globalization, Economic Recession or Growth, can have a positive or negative impact on each of the 5 Asset Classes as well as each different sub-category with in the asset classes.THEREFOREIn structuring an investment recommendation or portfolio we reconcile the following components that can affect risk and return: :1. The client’s risk tolerance and investment experience2. Investment time horizon3. The current Macro-Economic enviroment and it’s impact on the asset classes4. The client’s income tax situation to achieve maximum tax efficeincy for the investment portfolio.IF AND WHEN ANY OF THE ABOVE COMPONENTS CHANGE, THEN A REVIEW OR RE-ALLOCATION IS WARRANTED.