Peter Fitzgerald

“At times the best thing to do is to do nothing. While this may give the appearance of not giving careful consideration to the current situation, this could not be further from the truth. We have made no changes to our manager selection or asset allocation again this month but this decision was taken after reflection on the current market conditions and a review of the funds currently held. Experience has taught us that one’s investment decisions should not be driven by shorter term market volatility but by careful analysis of the longer term objectives. We remain comfortable in our positions.”