Contrary investing is the concept involving taking the opposite side of the majority or the “conventional wisdom” of the day and can be very effective when opinion is heavily one-sided. In this commentary (click to read) we highlight two contrary ideas currently featured in our privately managed accounts and actively managed ETF.
Click the link below to download the Presentation *Note Large File – may take a minute to download*
In March 2009 the S&P 500 reached its lowest point since the turn of the 21st century. Nearly five years and 177% later many investors find themselves looking on from the sidelines with substantial cash positions. The S&P 500 continues to make new highs, leaving many stock valuations stretched to the upside. The low hanging investment fruit have already been picked over making it much more difficult to find bargain investment opportunities. Now more than ever in order to succeed investors need to employ an investment roadmap that adapts to the ever changing financial market landscape… click here to continue reading
Click the link to download TSAA SF 2014 Slides
**Note large file may take a minute to download**
Stock Market Declines of 5% to 10% are a normal fact of life for investors. Over the past eight decades, the S&P 500 has averaged over 3 declines of 5% or more every year and at least one decline of 10% or greater. Click Here to continue reading our latest intermediate market outlook.