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Preeminent convention

Tied After 27 Years

February 6, 2019

Since April of 2014 Trendhaven has been managing client accounts in a strategy that has just completed its 27th year. The tactical approach using high-yield bond funds has been very successful in achieving its absolute return investment goal. Only two calendar years had a modest negative return, and maximum drawdown net of fees has been held to only 5.9%.

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Virtual Reality

June 27, 2018

The common wisdom of the investing world is that as you age, your risk tolerance should diminish. After all, you don’t have as much time to make up for investment losses that will come around every so often.

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Tied After 26 Years

January 9, 2018

Since April of 2014 Trendhaven has been managing client accounts in a strategy that has just completed its 26th year. The tactical approach using high-yield bond funds has been very successful in achieving its absolute return investment goal.

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Investing for Retirement: Preeminent Convention

October 20th, 2017

I received a beautiful brochure from JP Morgan Asset Management that said that their SmartRetirement strategies have been widely recognized for their strong risk adjusted and consistent returns. These are target date funds that invest in other funds and vary the exposure both across and within different asset classes as the investor approaches a targeted retirement date.

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charge of average investors having no rythym

The Price is Right

March 8th. 2017

Our desire for reasoned cause and effect is strong. It has produced a vast collection of theories, ratios, multiples, stochastics, cycles, rules of thumb and elegant calculations in support of an econometric view of financial markets.

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Bizarro World

June 21st, 2017

In our quantitatively-focused approach we don’t try to explain why the prices of securities are what they are. We just try to be going in the right direction on the right train. Even so, I cannot help but wonder about the fundamental causes of what seems like the “Bizarro World” of investing we find ourselves in these days.

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Clear, Simple and Wrong

May 9, 2015

American journalist, satirist, and scholar H.L. Mencken is credited with the saying “For every complex problem there is an answer that is clear, simple and wrong.” There can be no doubt that the intricacies of and interrelationships between macro and micro economics, human behavior, trading algorithms and regulation make successful investing a very complex undertaking indeed.

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Average Investors Have No Rhythm

August 18th, 2014

A company named Dalbar sells an annual study of investor behavior and relative investment returns to financial advisors. The chart below has been making the rounds.

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betterer investing
sailboat bigger photo
punching in the face
roller coaster

Betterer Investing

January 20th, 2015

At age 33, tennis great Roger Federer trains hard to get “betterer” to keep up with the challenges of staying at the top of the ATP World Tour. While watching a match I saw an ad for robo-advisor Betterment that suggested that their method of diversified passive investing is better than more costly (traditional advisor) services. That got me thinking about what is truly better.

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Learn to Sail in All Waters

May 6, 2015

There are more than a few investors these days that feel the frustration of what seems to be a somewhat “toppy” stock market, historically low bond yields and the prospects of an eventual rise in interest rates.

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Everyone has a Plan Until they get Punched in the Mouth

September 29th, 2014

In this corner, you, Mr. Individual Investor and your trainer Modern Portfolio Theory. In the other corner, Mr. Market. He doesn’t care about your plan or your theories.

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It's Still a Roller Coaster

August 11th, 2014

For those with short term memories, it seems that the market for risk assets can only go up. Weak earnings season, prices go up. Ultra-slow “recovery”, prices go up. Geopolitical unrest? No problem, prices go up. Bad weather, prices go up.

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