BL-SH Investment Counsel's investment philosophy rests upon the following three elements:

• There has been an upward trend in the stock market since its inception, and most economists and investment professionals believe this will continue.

 

• Historically, the stock market has seen wide price fluctuations and it is reasonable to assume that this will continue to be the case.

 

• Generally speaking, superior performance in terms of risk management will be achieved when an investor becomes more conservative when the stock market is relatively high and less conservative when it is relatively low.

Investment Philosophy

Investment Objectives

Investment Strategy

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