Even though an investment policy statement may target a desired return on the portfolio, that does not mean the portfolio will necessarily achieve that return. All investing involves risk, including the potential loss of principal, and there can be no guarantee that any investing strategy will be successful. Learn more in this Financial Tip.
Indices closed out mixed on Monday. Alcoa, Hewlett-Packard, and Verizon led the Dow’s descent. The S&P 500 ended slightly in the red zone while the Nasdaq posted fractional gains. Trading was somewhat slow ahead of the Federal Reserve’s upcoming annual retreat in Jackson Hole, Wyoming.