Learning to Fly: The Difference Between Knowledge and Wisdom

June 19, 2018 | COMMENTARY

Sources and Disclosures:

Copyright © 2018 Beaumont Financial Partners, LLC DBA Beaumont Capital Management (BCM). All rights reserved.

As with all investments, there are associated inherent risks including loss of principal.

This material is provided for informational purposes only. It is not intended as an offer or solicitation for the purchase or sale of any security or
financial instrument, nor should it be construed as financial or investment advice.

The views and opinions expressed throughout this piece are those of our Portfolio Manager as of June 2018. The opinions and outlooks may
change over time with changing market conditions or other relevant variables.

Beaumont Capital Management (BCM) is a separate division of Beaumont Financial Partners, LLC, an SEC registered investment advisor. BCM
offers tactical, defensively-oriented strategies using long only ETFs across multiple asset classes with domestic, international and global
exposure.