Broad diversification, low turnover and low transaction costs have historically proven to optimize portfolio returns.

Diversification

Portfolios we manage participate in multiple market segments, sectors and regions.  Diversification on the both the equity and fixed income components of the portfolio are considered.  Alternative investments (e.g. gold, real estate, etc.) are considered if appropriate relative to the client's risk tolerance. 

Low Turnover

We aim to purchase securities that can reasonably be held for the longer term.  This reflects our belief that a given investment has long term integrity.

Low Transaction Costs: 

Transaction costs reduce portfolio return therefore it is our objective to minimize transaction cost to the extent reasonable.  We commonly utilize no load mutual funds and ETFs which provide the benefit of low transaction costs well as diversification.

Three Strategic Elements

 MSM emphasizes three key elements in managing portfolios:

Our Investment Philosophy