The key to successful Investment Management is Asset Allocation, the process of dividing the available investment dollars into two, and only two, buckets: Equity and Income Investments. All investment grade securities fit within one of these two classifications, based solely upon the primary purpose for their ownership. There are several key issues involved in successful Asset Allocation

Whether you go the discount route through Schwab, Ameritrade, Fidelity, etc., or enjoy a higher level of service through an independent like LMK Wealth Management, you should never be surprised by the market values reflected on your monthly account statement. You should know what to expect.

Before Wall Street conned investors into thinking of calendar quarters as "short-term" and single years as "long-term", market cycles were used to test investment strategies. Performance analysis was a test of management style and overall methodology, not a calendar year horse race with one of the popular averages. Bor-ing, yes--- but meaningful.

How can I get you to stop fixating on monthly market values and to focus on the purpose of the securities within the portfolio?