Your Account Manager

I began a financial services career back in 1966 selling life insurance to Air Force fighter pilots during the Viet-Nam war period.  Back then, hardly anyone among the general public knew what a mutual fund was.  I remember being approached by a fund salesperson back then and my response was "the stock market is too risky."  A lot has changed since then, but not the risk element.

So I stayed on an "insurance only" track for the next 20 years until the temptation (as a salesman) to add securities to my sales bucket became too great.  I became a Series 7 Registered Rep and later a Series 24 Registered Principle and sold both life insurance and mutual funds, no less,

About 5 years later, I decided to shift my position with in securities world.  Being neither a seller of securities nor one who gives advice for a fee, I began to (and still do) operate as an investment manager, much like an investment manager of a mutual fund, but without restrictions as to what I choose for client accounts. 

The entire business of investing or "trading" (as I prefer to call it), rests upon a single system of "EDUCATED GUESSING."  The only difference between you and ANY securities professional is the quality of that guess.  That's why a portfolio put together by your "trusted advisor"  can and has hit the fan and self-destructs just as quickly as any portfolio put together by anyone else.  Nobody has any control over the future movements of the marketplace.  All that can be done is make educated guesses and properly manage your positions to minimize losses and capture profits. 

Buy and Hold is NOT a management technique.  It is merely a "capitulation" to whatever the future hands you.  That's not a speculative choice I would want anyone to make, but it is perpetuated by "the pros" because it keeps assets in-house to generate ongoing fees and commissions.  As an example of fees not readily apparent nor clearly advertised by mutual funds, even the no-load mutual funds have ongoing "management" fees, but how do you think they get stocks into their funds?  They do it the same way everyone else does.  They go to the market through some brokerage firm to place buy and sell orders... generating huge sales commissions on every move, not only for the broker-dealer, but for the related stock exchange and the clearing firms.  Multiply that by the mutual fund's Portfolio Turnover Rate and you quickly see that what's left for you is "not much."  The more aggressive funds have a turnover rate of more than 300%.  That means that if they have total assets of $100,000,000, they have bought and sold that much in stock three times over in a single year.  Go figure.

Now who do you think takes any risk in all of this money movement?  You, my friend, are the only one who bears any risk.  All of the layers of institutional transactions are there for the "risk-free" fees and commissions.  Is it any wonder that 80% of ALL mutual funds fail to even beat the market averages?  Getting back to me, I charge a management fee and a performance fee.  That compensation is "risk-free" to me, too.  You still bear all of the risk.  So I make it my business to get very low transaction costs for your account (I get none of that money) and do what I can do to put your money in places that "appear" to offer outstanding profit potential.  I have to generate an overall return for you of about 10% every year, just to make my money management results better than what you would get from a bank CD!  If you have already seen my published performance results elsewhere on this site, you will see exactly what I have accomplished.  And if you compare my management performance to any other program you can find, you know that my results have been phenomenal.

I am an independent money manager who functions exactly like all of the mutual fund managers in this country who are on a salary and bonus system.  The difference between those mutual fund managers and me is significant.  Where they can put your money is limited by their formal prospectus which states the objectives of that fund and how they can use your money.  I have no such restrictions.  Secondly, the content of each of my individually-managed accounts is unique.  No two accounts are the same.  I vary the securities I trade in each account, leaning heavily toward the use of futures contracts, based on the overall value of the account and other individualized considerations.

I can't put your money anywhere to avoid risk, other than leave it sitting in a cash position, so my focus is to manage that risk by making thoughtful and timely trades and limiting the potential losses from that trading.  If I end up being substantially correct overall, then I generate returns for my clients like those published under the "Performance" tab on the Home Page.

 
Text Box: I began a financial services career back in 1966 selling life insurance to Air Force fighter pilots during the Viet-Nam war period.  Back then, hardly anyone among the general public knew what a mutual fund was.  I remember being approached by a fund salesperson back then and my response was "the stock market is too risky."  A lot has changed since then, but not the risk element. So I stayed on an "insurance only" track for the next 20 years until the temptation (as a salesman) to add securities to my sales bucket became too great.  I became a Series 7 Registered Rep and later a Series 24 Registered Principle and sold both life insurance and mutual funds, no less, About 5 years later, I decided to shift my position with in securities world.  Being neither a seller of securities nor one who gives advice for a fee, I began to (and still do) operate as an investment manager, much like an investment manager of a mutual fund, but without restrictions as to what I choose for client accounts.  The entire business of investing or "trading" (as I prefer to call it), rests upon a single system of "EDUCATED GUESSING."  The only difference between you and ANY securities professional is the quality of that guess.  That's why a portfolio put together by your "trusted advisor"  can and has hit the fan and self-destructs just as quickly as any portfolio put together by anyone else.  Nobody has any control over the future movements of the marketplace.  All that can be done is make educated guesses and properly manage your positions to minimize losses and capture profits.  Buy and Hold is NOT a management technique.  It is merely a "capitulation" to whatever the future hands you.  That's not a speculative choice I would want anyone to make, but it is perpetuated by "the pros" because it keeps assets in-house to generate ongoing fees and commissions.  As an example of fees not readily apparent nor clearly advertised by mutual funds, even the no-load mutual funds have ongoing "management" fees, but how do you think they get stocks into their funds?  They do it the same way everyone else does.  They go to the market through some brokerage firm to place buy and sell orders... generating huge sales commissions on every move, not only for the broker-dealer, but for the related stock exchange and the clearing firms.  Multiply that by the mutual fund's Portfolio Turnover Rate and you quickly see that what's left for you is "not much."  The more aggressive funds have a turnover rate of more than 300%.  That means that if they have total assets of $100,000,000, they have bought and sold that much in stock three times over in a single year.  Go figure. Now who do you think takes any risk in all of this money movement?  You, my friend, are the only one who bears any risk.  All of the layers of institutional transactions are there for the "risk-free" fees and commissions.  Is it any wonder that 80% of ALL mutual funds fail to even beat the market averages?  Getting back to me, I charge a management fee and a performance fee.  That compensation is "risk-free" to me, too.  You still bear all of the risk.  So I make it my business to get very low transaction costs for your account (I get none of that money) and do what I can do to put your money in places that "appear" to offer outstanding profit potential.  I have to generate an overall return for you of about 10% every year, just to make my money management results better than what you would get from a bank CD!  If you have already seen my published performance results elsewhere on this site, you will see exactly what I have accomplished.  And if you compare my management performance to any other program you can find, you know that my results have been phenomenal. I am an independent money manager who functions exactly like all of the mutual fund managers in this country who are on a salary and bonus system.  The difference between those mutual fund managers and me is significant.  Where they can put your money is limited by their formal prospectus which states the objectives of that fund and how they can use your money.  I have no such restrictions.  Secondly, the content of each of my individually-managed accounts is unique.  No two accounts are the same.  I vary the securities I trade in each account, leaning heavily toward the use of futures contracts, based on the overall value of the account and other individualized considerations. I can't put your money anywhere to avoid risk, other than leave it sitting in a cash position, so my focus is to manage that risk by making thoughtful and timely trades and limiting the potential losses from that trading.  If I end up being substantially correct overall, then I generate returns for my clients like those published under the "Performance" tab on the Home Page.  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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