Market Commentary

2008 was a tough year for investors, with the stock market suffering the worst decline since the 1930's, losses over 30%. Bond investors also were hurt badly, down as much as 20%, unless you owned only government backed securities. Last year showed that being diversified and buying 'quality' investments is not enough. Following those rules, along with buy and hold produced staggering losses. 
One needs a plan to take action to limit losses and preserve principal. Fortress took meaningful steps to protect clients' accounts, limiting losses to a range area of 8-12%. If you want an advisor that is on the watch for you, please contact us.