Hi,

As the invisible hand of our free market is replaced by the strong and inflexible arm of government, investment strategies must be reevaluated.

I have to apologize to my clients.  Though I have been vigilant in teaching sound principles of asset allocation and the importance of a well diversified portfolio, I completely failed to include in my portfolios the element of irresponsibility.  By not instructing you to buy a house you could not possibly afford I caused you to miss out on perhaps the most profitable investment of the last 6 years, a government bailout.  My sincerest apologies, I hope this oversight is not sufficient to lose your trust as I watch over your investments.  Please know that for the future I have adopted a policy of having at least a small portion of every portfolio I manage in the most irresponsible investment available; this hedge will ensure your position to take advantage of future government handouts and bailouts.

Thanks.

Ben Mavy
Mavy Investment Strategies
(530) 346-1700