Reviews. Commentaries. Opinions.

Seaweed and the savvy sailor

Seaweed and the savvy sailor

Why watch the tides go in and out without giving up our strategies

March 2018 has almost ended and it looks like it will be another red month. Client portfolios will be affected. The title of this article is dedicated to one particular client who frustratingly refers to the way his portfolio drifts up and down as “seaweed”. His frustration is real and his concern valid. You are right I say. The term we professionally use for seaweed movement is volatility. Sometimes the tide is strong and the moves are high and sometimes the tide is low and the moves are shallow. My agreement with the client does not help his concern. However, "there is no such thing as absolute positive returns" I say, so let's evaluate our alternatives. Straight line, low risk or risk free, absolute returns for investments are a myth, a marketing term used to lead investors into believing that they should invest in whatever the salesman is offering. "Ok", says the investor. "If returns over time are low and potential for losses seems so high, why should we bother", he asks? "Let me just put my money in cash and forget about it". Then conversation goes back to financial planning basics.

2017 Yearly Review

2017 Yearly Review

2017 yearly summary & 2018 predictions

2017 was a good year for risk assets. Risky asset returns surpassed expectations and our clients enjoyed excellent risk-adjusted returns. Now our sights are on 2018. We hope you find our comments on Bitcoin, USA Tax Reform and research on expecting a crisis informative and relevant.

2017 Half Year Review

2017 Half Year Review

2017 half year summary & predictions

It has been a year since the Brexit vote. It is counter-intuitive that with the seemingly ever-increasing political uncertainty we have such strong positive market tailwinds. I remember very clearly taking phone calls from nervous investors who feared a repeat of 2008 due to the surprise vote. We recommended staying invested and undeniably, that was the right thing to do. If there is one thing I have learnt over my 17 years in the wealth management industry, it is that when the market is the scariest and the newspapers are using the most sensationalist fearful headlines - it is the time to buy, not sell.

Yearly Review

Yearly Review

2016 summary & 2017 predictions

2016 is history. Our sights are now set on 2017 and beyond, making sure we can manage both the known and potential risks and that our clients will be rewarded sufficiently for exposure to those risks. Overall, our view is cautiously optimistic and we will explain in more detail below.

Q3 2016 Review

Q3 2016 Review

Property vs. Capital Markets and the USA 2016 elections

As always in these quarterly newsletters, we try to bring you relevant and interesting insights without being too technical. The topics we choose are based on real discussions with clients and we hope you will find this review interesting.

In July, Pioneer Wealth Management was awarded “Best Israeli Wealth Management Team 2016” by CFI.co[1] – a European financial magazine and website. This comes at a time when we believe we have had an excellent year for clients so far. We firmly believe our approach and strictly fee based services, without conflicts of interest, are especially appropriate for these low interest rate times.

For those of you who would like to see some of the faces of the Pioneer people, we invite you to visit our Facebook page and check out the pictures from our 30 year birthday celebration.


[1] Capital Finance International

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Telephone: +972-9-961-1300
Email: info@piowealth.com

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Herzliya Pituach, Israel

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