The seemingly unstoppable 1990's bull run in the stock market, combined
with fading memories of previous market meltdowns, has shifted attention
away from the very real risk in the stock market. How does an investor
participate in the returns of a bull market, while simultaneously seeking
to protect capital in the inevitable down market cycle?
The Capital Appreciation and Preservation Strategy (CAPS) is designed to
accomplish the objective of participating in up market cycles and
preserving capital by converting to cash (money market) in downtrends.
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