From Chief Investment Officer Tom Veale,
The “Scout’s Motto” comes to mind when thinking about 2022. “Be Prepared!” For Scouts it means physically and mentally. For Investors and Investment Advisors it means much the same. 2022 challenged those who invest or manage investments in emotional and fiscal ways we’ve not seen since the outbreak of Covid – 19. Those who were prepared managed to average down in share cost as stock and bond fund prices sagged. Averaging down in cost while averaging up in effective yield is an effective countermeasure when Bears attack. It doesn’t immediately offer relief, but as markets recover, the benefits become apparent. Being prepared for such times and then executing a plan with that preparedness was 2022 in summary.