In his book “Your Money and Your Brain” Jason Zweig identifies that the neural activity of someone whose investments are making money is indistinguishable from that of someone who is high on cocaine or morphine. So why does this matter? Well, most, if not all, investors get addicted to the gains they see in there account and most, if not all, will not “take” the gains and protect their accounts when the market indicates it’s time to do so.

We’re currently sitting at the same high PE multiple as black Tuesday in the 1929 Depression, but not as high as the dot.com euphoria of 1999. We’re in year nine of the most recent bull market, one of the longest bull markets in U.S. history. What goes up…

If you’re curious about how a tactically managed portfolio can protect your downside (aka backside) give us a call so we can set up a time to get together. CONTACT US!