Exhale: Heart & Chart Investing: Recent Episodes
Tricord Investment Advisors
Listen as I launch the first episode of my new “Myth Busting” series on debunking some of our investing sacred cows. Being a long-term investor does not mean you should set it and forget it, hoping that the market will “eventually” go higher, and manage your risk with an asset allocation pie chart.
Where did we ever get the idea that the trend was our friend?! Nothing, and I mean absolutely nothing about the stock market is friendly. Sure, we attempt to exploit it to our profit, but under no circumstances should we fall asleep at the wheel and set it and forget it. Large drawdowns are not opportunities, they are holes to dig out of. Buyer beware.
Market Timing = Crystal Ball. This is how most of us view any form of active portfolio management. Why…because that’s what we’ve been told by the so-called industry experts. Modern Portfolio Theory (MPT) and the “Efficient Frontier” Model have serious shortcomings. These flaws can be devastating to your financial health. Listen while I offer up some alternative thinking and how that perspective evolves into a different approach to managing a portfolio. It’s a better way to sleep well at night, build financial poise, and grow lasting wealth.
“Master Sensei” Mike Kane, co-founder of Hedgeable, Inc. joins me in a conversation that, if you will take to heart what is shared, will change everything you know about investing. Mike sub-advises some of the Tricord models,and is a kindred spirit when it comes to managing portfolios to reap most of the bulls and stay out of most of the bears. Pass this along to everyone you know–they will thank you for it. Regardless, it takes away all excuses for not knowing about a better way…