Season Investments

facebook-logo.pngtwitter.pnglinkedin-logo.png

Search Insights

Same Roots Different Fruits

When we first launched Season Investments there were very few investment options with a trend following discipline being offered to the general public. Today, there a number of different trend following funds. Although we are very proud of MarketVANE, we realize that value can be gained by holding different fruits with the same roots. http://www.seasoninvestments.com/insights/same-roots-different-fruits/

Right Place, Wrong Time

There are many different ways to define risk when it comes to investing. But one risk that is often overlooked and rarely ever talked about is sequence risk. What is sequence risk you might ask? It is the risk of experiencing bad investment outcomes at the wrong time. http://www.seasoninvestments.com/insights/right-place-wrong-time/

The Perils of Low Volatility

Super accommodative monetary policy has been necessary to spur economic recovery and ensure markets don’t fall into a deflationary spiral. But these same policies which have kept interest rates at record lows for so long are creating vulnerabilities in the economy as debt levels continue to rise. http://www.seasoninvestments.com/insights/the-perils-of-low-volatility/

Sleeping Well

Since we can’t predict the future with any level of confidence, we chose to take a more humble approach to investing which spreads risk across as many different, non-correlated investments as possible as well as using trend following techniques to provide some downside protection on our publicly traded investments. http://www.seasoninvestments.com/insights/sleeping-well/

The Private Equity Advantage

Over the past year, we have spent a good amount of time researching different options for our clients in the private equity space. In today’s post, we will look at private equity from a very high level to explain what it is exactly and why it might be a good addition to a well-diversified portfolio. http://www.seasoninvestments.com/insights/the-private-equity-advantage/

Volatility’s Impact

A few weeks ago we wrote a post entitled The Economics of Loss discussing the importance of reducing volatility and managing exposure to large draw downs in your portfolio.. Not only are large swings in investment value hard to deal with emotionally, but they can be detrimental to the mathematical sustainability of a long-term retirement plan. http://www.seasoninvestments.com/insights/volatilitys-impact/

The Economics of Loss

Our obsession with insulating our client portfolios from the risk of a significant drawdown permeates every aspect of our investment approach. Growing capital over time is about striking an appropriate balance between preserving capital in turbulent times and capturing growth in good times. http://www.seasoninvestments.com/insights/the-economics-of-loss/

An Alternative to Buy-And-Hold

We field many questions about the potential value-add of a tactical allocation strategy over a more static buy-and-hold approach. Ultimately, there are a number of different ways to solve the retirement puzzle. Buy-and-hold investing is one perfectly legitimate strategy, but it is not a one-size-fits-all solution that every investor should follow. http://www.seasoninvestments.com/insights/an-alternative-to-buy-and-hold/

The Dennis Rodman Effect

Dennis Rodman was a game changing player on the basketball court even though he was sub-par (at best) when it came to scoring. One could argue that the Pistons went from being a good basketball team to a championship team with his addition. Sometimes the whole is greater than the sum of the parts. http://www.seasoninvestments.com/insights/the-dennis-rodman-effect/

All Together Now

Last Friday we caught a glimpse of the extent to which financial markets are still addicted to monetary stimulus when stocks, bonds and commodities all tumbled in response to comments made by Fed officials. When everything is grinding upward, moving All Together Now is not a problem, but that sentiment changes quickly when asset classes begin to nosedive in tandem. http://www.seasoninvestments.com/insights/all-together-now/

NIRP Is The New ZIRP

Zero interest rates are intended to induce growth in borrowing, lending and general risk taking throughout the economy. But what happens when ZIRP doesn’t have its intended effect on economic activity? You move to the next logical extreme: NIRP. http://www.seasoninvestments.com/insights/nirp-is-the-new-zirp/

A Royal Divorce

Last week’s referendum vote in the UK was the culmination of a debate that has been raging for several years on whether Britain should be part of the European Union. The vote in favor of a Brexit sent shock waves throughout the global financial markets which were by and large pricing in a "Remain" outcome. http://www.seasoninvestments.com/insights/a-royal-divorce/

Mount Everest of Finance

Earlier this month more than 170,000 people in 91 countries worldwide sat for one of the three levels of the CFA exam. As a firm with both principals holding the CFA designation we are often asked about the credential, so in today’s post we will take a more in depth look at the designation. http://www.seasoninvestments.com/insights/mount-everest-of-finance/

More Decisions Under Uncertainty

With a short week and on the heels of last week's post, we have decided to do a re-post on the topic of Decision Analysis. This week's post looks at how to make rational versus emotional decisions in the face of uncertainty. http://www.seasoninvestments.com/insights/more-decisions-under-uncertainty/

Did MarketVANE Do Its Job?

Last September we penned The Babe Ruth Effect to explain what one might expect from a trend following model like MarketVANE. As we pointed out, roughly two-thirds of “the Babe’s” at bats resulted in outs, meaning that every time he stepped up to the plate the most logical expectation would be that he would fail. http://www.seasoninvestments.com/insights/did-marketvane-do-its-job/

Buffett's Bet

Back in 2007 Warren Buffett issued a public challenge that the S&P 500 would outperform any basket of hedge funds. Hedge fund manager Ted Seides with Protege Partners took Buffett up on his challenge and "the Bet" was born. Now eight years into the bet, who is winning and what can we learn from it? http://www.seasoninvestments.com/insights/buffetts-bet/

Safety In Numbers

Just last month, I received an email from Van Eck trumpeting the merits of peer-to-peer lending. It was interesting to read that a $30 billion+ asset management firm would go on record to endorse the merits of the once relatively obscure space. This week we provide an update on how our P2P managed account composite is performing 19 months since inception. http://www.seasoninvestments.com/insights/safety-in-numbers/

The Year of Meh

According to Wikipedia, the word Meh is the verbal equivalent of a shrug of the shoulders. This word perhaps perfectly encapsulates the feelings most investors have toward their returns in 2015. http://www.seasoninvestments.com/insights/the-year-of-meh/

Preparedness

It is in the midst of economic and financial market turmoil that investors typical make their biggest mistakes, so by preparing ahead of time for those environments we can mitigate the risk of the regret-driven decisions that would cause major setbacks to our clients’ long-term objectives. http://www.seasoninvestments.com/insights/preparedness/

The Importance Of A Battle Plan

For those of you who have been working with us for any amount of time you know that philosophy, process and discipline are extremely important to how we manage money. We firmly believe that there is no silver bullet when it comes to investing. http://www.seasoninvestments.com/insights/the-importance-of-a-battle-plan/

« Previous 123 Next »