Delegator or Advice Seeker?  

"Delegators" outsource the planning, execution, and administration of their investments entirely to us.

"Advice seekers" look to us for professional investment advice but execute and administer our recommendations on their own.  Clients are able to easily and accurately replicate our recommendations via our unique "investor portal."

Our Investment Philosophy 

Our Investment Philosophy is based on the following
premises:

• Investors face two primary risks:  staying ahead of inflation while managing risk (volatility).  Most investors concern themselves with one, at the expense of the other.
• Equity returns are not "normally distributed."  Extreme outcomes, far from the average, occur with great frequency.
• The stock market has experienced multiple extended periods of flat or negative returns.  2008, although unique in many ways, is not the first time the market has given up substantial return in a short time period.
• Conservative investments such as bonds and/or cash belong in every portfolio.
• The number of investors who consistently beat the market is very small; smaller even than luck would suggest.
• A track record of from 30 to 100 years is required to determine whether performance is due to luck or skill.
• Beating the market is unnecessary; a conservative, well-diversified portfolio has provided adequate returns to meet reasonable financial goals.
• Past performance is no indication of future results.
• Investment costs are an indication of future results; high costs undermine your investment success.
• A typical stock exhibits 5-10 times the volatility of a broad-based index; such risk is speculative in nature and is not rewarded by the market.
• Diversification is the most effective way to create an appropriately balanced portfolio while removing "speculative risk" (ie, company-specific or "diversifiable risk").
  
  Contrary to Modern Portfolio Theory, however, diversification is not a "free lunch."  You cannot increase return while simultaneously decreasing risk, and diversification is no exception.