Many of PWL’s clients are surprised to learn that their portfolios have not dropped as much in value as they hear about in the media and from friends.
Our initial focus of determining an appropriate equity/income asset mix for each client is the primary source of this protection.
Also, I have attached a link to an article written by Nobel Laureate Paul Krugman in which he explains the cause and possible cures for the current crisis. It is a bit long but well worth the read.
I wish you and your family the best of the holiday season and better markets in 2009!