Ralph P. Marash
Ralph draws on more than 33 years of investing experience to construct his clients’ portfolios. Depending upon each individual investor’s needs, Ralph seeks reasonable growth, preservation of capital, or a combination of those two goals.
Ralph’s growth portfolios include equities in a range of industries, with differing fundamental influences. When preservation of capital is a client’s primary goal, Ralph seeks to invest in corporate and municipal bonds, typically with maturities of less than 10 years, which he plans to hold until maturity.
Portfolio Construction and Management
When constructing client portfolios, Ralph seeks to:
- Have an investment horizon that is a minimum of three years.
- Consider management credibility to be of utmost importance.
- Constantly monitor risk/reward ratios, exiting existing holdings when the risk factor overtakes potential rewards.
- Acknowledge that dividends can be a strong contributor to total return goals, but is willing to invest in equities that do not pay dividends if their growth and risk profile meet the right long-term objectives.
- Design fixed income portfolios with laddered maturities to smooth investment returns through interest rate cycles and to make capital available in a planned manner over time.
- Include equities with high dividend yield in accounts seeking preservation of capital, if he is confident that the dividend is sustainable.