As far as fixed income or bond investment are concerned, fixed income securities are relied upon for two characteristics: steady income stream, and as a way to stabilize a portfolio.  Maturities are kept in the short to intermediate range and only high quality investment grade bonds are recommended.  This is true whether a client needs involve investments in municipal, corporate or U.S. Government instruments.

It is our belief that there is not a significant reward to warrant the risk of investing in low quality or longer-term bonds.