Monthly Investment Updates
What you need to know
September 2022 Investment Update
In a financial services world where many make a living by selling their thoughts and opinions about the future, we find it liberating to proclaim that we’re the opposite. We don’t make predictions, and we celebrate that fact. Our approach is different, and this difference tends to show up most when discussing market tops and bottoms.
August 2022 Investment Update
In this month’s Note, we continue to make the case for patience relative to increasing equity exposure. In our view, the historical cost of investing when an asset is in downtrends outweighs the benefit over the long run. We describe our current defensive positioning and discuss how, for us, inaction equates to taking an offensive posture.
July 2022 Investment Update
Indiscriminate buying based on falling stock prices is not a plan. Timing the market is not a plan. Often both of these disregard the fact that you might be wrong. In this month’s Note, we discuss how perceived opportunities can turn into traps without the proper plan to tell you when you’re wrong. It is an old adage to which we subscribe: “Stay humble or the market will do it for you.”
June 2022 Investment Update
In this month’s Note, we discuss the near-term costs and potential long-term benefits associated with preparation. When given evidence that a disaster may be on the horizon, it can be annoying and time-intensive to get ready. But those near-term costs seem trivial compared to the catastrophic loss that can come with being unprepared for the worst-case scenario. The point is this: You never know the severity BEFORE the event happens, but ignoring the data ahead of time can sometimes prove disastrous.
