As John Maynard Keynes so eloquently put in his book “The General Theory of Employment, Interest and Money” nearly 80 years ago, investing is about the long term. If we just thought of investing like so many other long term focuses in our lives, we would all no doubt be better at it. Our job as wealth managers, not investment managers, is to make sure that our clients continue to take a longer term view and keep the “contemporary evils” from getting in the way of sound advice. Despite our long term focus, as investment managers in addition to wealth managers, we must also keep an eye on the near term to either protect against a downturn or seize opportunities in the ever-changing market environment. While long term we see troubling issues facing global markets and economies, there may be some near term opportunities which we will address.
This blog is for informational purposes only. The statements contained herein are solely based upon the opinions of Canal Capital Management, LLC and the data available at the time of publication of this report, and there is no assurance that any predicted results will actually occur. Information was obtained from third party sources which we believe to be reliable but are not guaranteed as to their accuracy or completeness. This blog contains no recommendations to buy or sell any specific securities and should not be considered investment advice of any kind. Past performance is no guarantee of future results. In making an investment decision individuals should utilize other information sources and the advice of their investment advisor.