2014 was Positive but Volatile

2014 saw equity markets in the U.S. repeatedly surpass previously set hights.  All of Stolper Asset Management’s managed programs made gains for the year although, as with the benchmarks we track our performance against, performance was subject to periodic pull-backs and overall returns are more muted than 2013.  Volatility can create investment opportunities and we approach 2015 with optimism as we continue to identify securities that we view as priced below their intrinsic value and are capable of producing interesting returns over time.