Risk
Warning
Predominantly our discretionary managed strategies will involve exposure to the markets. These offer income through the payment of dividends and interest (which may be reinvested) and excellent opportunities for capital valuations to appreciate over the longer term. By this, generally we mean periods in excess of five years, preferably much longer. However, we can never promise you particular returns, especially in the short-term. At any point in time but especially in the short term, your capital could be worth less than the original amount invested as some of the selected holdings may fall in value, regardless of our best expectation at the time of acquisition. We may also invest in funds that invest in overseas’ securities. The value of these investments may increase or decrease as a result of changes in exchange rates between the currencies. Returns that have been achieved in the past also cannot be relied upon in terms of what the future may deliver.
Philip J Milton & Company Plc
Head Office: Sterling House, 17 Joy Street, Barnstaple, Devon EX31 1HE
Telephone (01271) 344300
Fax (01271) 342810
Registered in England Number 233275
VAT Number 682 2544 28
Authorised & Regulated by the Financial Services Authority
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