Most notable event this quarter was the birth of Thomas Edward Guyett, Jr. on April 14. Tom Sr. is already working on a junior-size financial plan for “little Tommy” so we know he’ll have a solid financial future.
The various stock indices were up about 2% this quarter and 1% for the six months. Bonds had a negative yield…Toward the end of quarter, we began to reduce our cash position and became a bit more aggressive. We are still finding attractive stock buy/ call write opportunities. There is less risk in these positions than in owning the stocks outright….Now that the interest-rate pendulum is finally swinging back up, we will begin to look for fixed-income vehicles to rebalance portfolios that have moved toward equities and cash.
Sometimes boring is good.
Michael F. Cantlon