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~ Market Philosophy ~Stock market timing is a major way that we add value to our clients' portfolios. Academic studies and common sense show that asset allocation is the most important decision that an investor can make. We aim to match or exceed the market returns during bull markets and significantly outperform the market during bear markets. Studies have shown that proper stock market timing will typically outperform no market timing on a risk adjusted basis but not on an outright gross basis. We leave it to each client to determine their tolerance for risk and instruct us as to the strategy they prefer. Risk tolerant clients will generally prefer to forego stock market timing and look to make extra returns over the long run. Risk averse clients will generally prefer to use stock market timing to protect against significant equity drawdowns while still participating in most of the gains of bull markets. ~ Next to Market Indicators ~~ Stock Market Timing Menu ~ |
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Courtney
Smith & Co. is an investment management company
specializing in stock market timing and stock selection.
© 2002-3 Courtney Smith & Co., Inc.
Courtney
Smith & Co.
Box 7603, New York,
NY 10150-7603
TEL: (917) 327-3536
FAX: (270) 626-6500
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