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WALT Street Investment Management, Ltd is a registered investment advisory firm which was founded in 1998 and is located in Stow, Ohio which is a suburb of Cleveland. Jennifer Sokira and Walt Sokira, are a husband-and- wife team as well as the founders and portfolio managers of the firm.
The firm uses a risk and rewards style of management. We have spent approximately equal amounts of time over the years studying both stocks and bonds. Because of this, our investment orientation is dictated first by the wishes of our clients, and secondly, by where we believe we can achieve the greatest rewards with the least risk. Whether investing in stocks or bonds, our investment approach starts with quality. Every stock we purchase for our clients must first pass the "Buffet 10 Year Quality Test."If you don’t feel comfortable owning something for 10 years, then don’t own it for 10 minutes." A positive answer to this question leads us to start our decision-making process with an elite group of financially strong companies. At our firm dividends and interest payments matter; they always have. First, dividends and interest payments give us one of the best ways of determining a company's financial health. Second, dividends and interest payments let us share in the company's current prosperity by paying us a portion of today's earnings – the company treats us like real owners. Finally, dividends and interest payments give us a meaningful way to calculate a company's true value. Based upon the cash flow it can generate for its owners, every business has a true, or intrinsic, value. Any investor who purchases stock in a company without knowing its intrinsic value puts that investment at significant risk. The only hope of profiting from such an approach may be to find a bigger fool to buy the stock some day at a higher price. We feel it is less than responsible for us to invest our clients' assets without knowing the intrinsic value of every security we purchase. Today many investors are tempted to think short-term. We think and manage long-term. We help investors develop a long-term view through education. Benjamin Graham, who taught investing to Warren Buffett, said, "In the short run the market is a voting machine (a popularity contest), while in the long run it is a weighing machine (a measure of value)."
1. Performance of the portfolio manager's account is calculated by Covestor on a daily time-weighted basis, including cash, dividends and earnings distributions and broker commissions. Manager returns include trades and positions that fail Covestor's trading rules, as a result, actual client returns will differ. Covestor advisory fees are simulated and applied retro-actively to present the portfolio return "net-of-fees".
2. Past performance is no guarantee of future results. Periodic and since inception performance returns are calculated daily. Monthly vs. S&P 500 return and the corresponding spark chart is calculated to the most recent month end date.
3. The investment minimum is the minimum investment required to follow a particular portfolio. The minimum amount is determined by Covestor, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.