Four economic environments and related asset allocation strategies are recognized by Parish & Company. The current environment as of November 30, 2012 is defined as "Balanced."

Environment:	Stock and Stock Funds	Low Risk Fixed Income
1)  Growth	75 percent	25 percent
2)  Balanced	50 percent	50 percent
3)  Conservative	25 percent	75 percent
4)  Wealth Preservation	0 percent	100 percent

The following summary is a matter of public record openly communicated to leading members of the financial community, business press and was the foundation for all client decisions.  See market commentary for additional details.

Summary of Forecasts and Recommendations	Overall Allocation Economic Environment
1994-1999	Growth
2000	Balanced
2001-2002	Wealth Preservation
2003-2007	Balanced as of  August 1, 2003,  Conservative Beginning Oct 2007
2008-2009	Wealth Preservation Beginning January 2008
2010-2012	Balanced Beginning September 1, 2010

Note that not all clients have the same goals, for example, some may desire a conservative portfolio during a period defined by Parish & Company as "growth."  Also note that upon recognizing a new allocation environment, i.e. switching from wealth preservation to balanced, this does not mean the portfolios automatically adopt a balanced 50/50 allocation but rather that the process is initiated toward reaching that goal.  For example, although now is a "balanced" environment, overall equities are 24 percent of assets, not 50. In addition, past recommendations do not in any way guarantee the success of future recommendations.
 

Average Client Portfolio  Allocation 11/30/2012	Percent of Portfolio
Equities and Equity Funds	44 percent - focus on solid dividends
FDIC Insured Money Market	20 percent
Short Term Domestic Bonds - Average Maturity 2 Years	25 percent
Treasury Indexed Inflation Bonds (TIPS)	6 percent
Long Term Bonds	5 Percent

 See market commentary for more details.  As of November 30, 2012 the three largest equity holdings were Intel, Vanguard Utility Fund and Conoco.