 |
Fieldstone's objective is to achieve superior long-term
performance consistent with each client's risk tolerance level and time
horizon. Our approach is to develop a financial road map with
each client and assemble a portfolio most likely to achieve the desired
goals. Because each client's portfolio is tailored to meet his/her
specific goals, each portfolio's performance will vary. Most of our
clients are tilted toward the conservative to only moderately aggressive
investment style. Consequently, our portfolios tend to consist of
higher levels of cash, fixed income instruments and more conservative equity
investments. This composition will tend to produce lower overall returns
than pure equity portfolios when equity markets are rising, as in the four
years prior to 2000. Importantly, we view our key objective as meeting
or exceeding the client's long-term goals and not necessarily beating
the major equity indices each year.
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ANNUAL RETURNS (%)
 |
|
|
|
|
|
|
|
| |
Fieldstone Total*
|
DOW
|
S&P 500
|
NASDAQ
|
| 2000 |
-33.70
|
-06.18
|
-10.14
|
-39.24
|
| 2001 |
-12.14 |
-4.53 |
-9.50 |
-17.26 |
| 2002 |
-27.34 |
-20.14 |
-23.42 |
-32.04 |
| 2003 |
16.64 |
20.52 |
26.11 |
48.74 |
| 2004 |
11.95 |
3.15 |
8.99 |
8.16 |
| 2005 |
3.27 |
0.61 |
3.00 |
0.94 |
| 2006 |
-4.53 |
16.29 |
15.72 |
9.40 |
| 2007 |
11.13 |
6.43 |
3.55 |
9.81 |
* Fieldstone annual returns are net of fees. Returns
are based on total assets
under management, which include equities, cash
and fixed income securities.
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