For the past 16 years, the world’s population has been living in a test tube.  Various experiments have been run on us.  Though they were pitched as advancements and were instituted with the best of intentions, the experiments proved themselves to be scientific procedures undertaken to…  make a discovery that a common currency shared between...Read More

Regime Based Investing is the next generation of modern money management, leveraging an increased understanding of market psychology and investor behavior.  This paper describes the idea and various implementation methods used to protect capital from times of market duress without sacrificing upside participation.Read More

We have expressed our concerns with the bond markets, specifically the negative rates being experienced around the globe as central banks attempt to boost economic activity through low rates.  These actions have taken a toll on the increasing number of retirees that had depended on the income from their savings as they have seen the...Read More

Is Minimum Volatility Investing becoming more risky? With the dramatic market losses of the Global Financial Crisis still so fresh in investors’ minds and because of the length of the market’s upward movement since then, investors have felt a growing desire to protect assets.  This sentiment has been prominent in the fixed income market, and...Read More

Auour Investments, an investment firm focused on downside protection through risk regime detection, and Riskalyze, a platform that enables advisers to capture a quantitative measurement of client risk tolerance, have formalized a partnership to bring Auour Investment’s Instinct family of ETF-based downside protection strategies to the Riskalyze community. Through this combined effort, both firms aim...Read More

On Thursday, Britain held a referendum to decide whether or not to leave the European Union. Leave won with 52% of the vote, while Remain lost with 48%.  This referendum will likely result in the United Kingdom’s institution of Article 50, which would begin a withdrawal from the European Union.  We have provided some information...Read More

Historically, many countries have centralized their economies in an effort to improve productivity, raise living standards, and increase economic growth. In reality, the opposite has often occurred, resulting in stagnant economies and falling standards of living.  Conversely, history demonstrates that creating increasingly open and fair markets activates economic potential that lay dormant under more authoritarian...Read More

The lesson this month is that investment timing is important.  Not just a little, but a lot.  But let’s first start with an analogy. This past week a Toyota Tundra pickup barreled into our office space during work hours, laying waste to all contents.  Thankfully, no employees were in the office at the time as...Read More

Increased volatility and lower market prices have led commentators to wonder if this is a correction, the start of a major bear market, or just a bear (cub) market.  However, with U.S. equity markets down in excess of 15% over a very short timeframe, discussing the names that characterize this period is only helpful for...Read More

Within the investment industry, there is an ongoing debate on passive versus active investing.  Vanguard has been one of the more vocal participants at evaluating active managers and the consequences of stock-based investment strategies.  Our own research into the matter confirms Vanguard’s hypothesis.  Most managers that claim themselves to be active are not consistently adding...Read More