They say imitation is the sincerest form of flattery. As you know, the harvest metaphor is so central to our approach that we built our brand, and our name, around it.
Through our conversations with Cetera leadership, we've shared how this perspective shapes our investment philosophy. Apparently, someone in the marketing department agreed that it is an appropriate way to think about investment decisions.
Cetera does a great job of explaining how cash flow from dividends and interest can help meet investors' needs over time. Their commentary does not, however, address one of the most important tenets of our Harvesting Strategy: the flexibility to choose which stock, fund, or ETF to sell when cash is needed. That flexibility allows us to evaluate which holdings may be appropriate to sell when cash is needed, even during broadly declining markets, rather than being forced to liquidate an investment at an unfavorable price. We'll explore that important nuance in future correspondence.
In the meantime, we thought you might enjoy Cetera's take. For this month's Grapevine submission, we present:
Reap What You Sow: Cultivating Yield for Long-Term Returns