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Smart Investing


I have had the pleasure and honor of teaching thousands of individual investors, Registered Investment Advisers, Representatives, and even a few 9th graders over the past 32 years, on how to design, enhance, and manage their respective investment portfolios. I would like to share our investment philosophy that has been tested through multiple market cycles and is based on the rock-solid principles.

An Unbiased and Objective Investment Strategy

Successful investing requires a clear and consistent investment strategy. Numerous studies have shown that investors tend to achieve sub-par performance because they allow their emotions to take control and fail to adhere to a consistent set of rules. By having a clear and effective strategy, it is possible to achieve superior investment returns.

Fundamental vs. Technical Analysis

There are two types of securities analysis – fundamental analysis and technical analysis. Fundamental analysis is what most of us are familiar with and it focuses on earnings, sales, financial ratios, management, etc. When you see an analyst on CNBC, Bloomberg or read comments in a magazine or news story, most often, their comments come from a fundamental analyst. However, there are an ever increasing number of technical analysts appearing on these same programs, and their analysis is based on the technical attributes of a particular stock or sector or how it looks on a chart.

A fundamental analyst attempts to answer the question “what” to buy or sell. They will study the company’s balance sheet, evaluate the management team and attempt to understand the quality of the company’s earnings.

A technical analyst tries to answer the question of ”when” to buy or sell. A technical analyst wants to determine the trend of a chart – is it trending higher or trending lower. Is the stock outperforming the broad market? How high, or in some cases, how low can the stock fall?

Unfortunately, there are very few on Wall Street who effectively blend fundamental and technical analysis in their overall investment process. In a sense, they are playing the piano with only one hand. While that may be a way to play a simple melody, you can play much better music if you play the piano with both hands. Smart investing is about stacking as many factors in your favor as possible.