Compass Watch
Personalized service and quality investment management have been cornerstones of Compass Capital Management since its inception 28 years ago. As Compass continues to grow, we are delighted to announce that Phil Stern has joined our firm to build upon that foundation.
Over the past eighteen months, the performance of the S&P 500 Index has been modestly positive (primarily as a result of dividends) as ongoing news persists of slower growth in China, suspicious global central bank policies, the strong U.S. dollar and the sharp decline in oil prices.
Many market pundits continue to declare that higher interest rates are coming, predicting bad news for fixed income investors. As Compass bond investors already know, higher rates (yields) mean lower prices for most already-issued bonds (but for those holding bonds to maturity, like we do, this declaration is a moot point).