Taylor is in the 65 and older asset allocation model, I presume. First question is: If the current stock price is close to the analyst target price, should that still be considered a buy? And then the second question is: Are all of the stocks on the buy list current? The last question: The 65 and older asset allocation model is dated 12/18/2023. Is this still relevant? What do you go for, Taylor? OK. Great questions there! So, the analyst target prices don’t even factor into our analysis at all, because what you’ll notice, if you pay attention to those over time, is that the target price constantly changes. Publicly traded companies report earnings every three months. Every quarter, they report their earnings and the analysts will parse that data and come up with new price targets. So, in earnings season, price targets move up and down. Every stock has a 52-week low and a 52-week high. So, you know, what happens once they reach that price target? If the company is successful, has a track record of success, and is executing their business plan, that means that they should be making more money, increasing their earnings, making their stock more valuable. So, you will see those target prices move. And again, we don’t even consider analyst target prices because they vary depending on what analyst you are following. It’s really funny sometimes; I’ll look at different sources and they’re just all over the place. So, it doesn’t really matter to us. All of the stocks on the buy list, yes, they are current. We have a team of analysts that meets once a week, typically on Mondays. We review the different stocks throughout the week. We are always keeping a close tab on the buy list, so the buy list is always going to be current. The asset allocation model that is dated 2023, yes, it is still relevant. What you’ll notice, if you’ve been a partner for a long time, is that our asset allocation models don’t change a whole lot. We may have tweaks to them here or there, but we believe that asset allocation and diversification are the cornerstones to a successful portfolio strategy. We don’t do sector rotation where we might say, “Oh, well, you should overweight in energy right now or you should underweight in technology right now.” For the age models, the asset allocation models are fairly set in place; they do change periodically, but not a lot usually.
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