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Yesterday morning Gainplan made the decision to increase our exposure to large cap, domestic stocks in our active model portfolios.  Our exposure increases to the S&P 500 were commensurate with the appropriate risk profile.

The stock market opened yesterday morning with the S&P 500 off 100 points (or 5%) since the fed decided not to raise rates during their Sept 17th FOMC meeting leading to a negative sentiment consistent with the 2008 and 2011 declines, and opening up the door for us to add exposure at what we consider to be an opportune time.  This reflects our general principal, shared by the likes of Warren Buffett, to sell when others are brave and buy when others are fearful.  Fear was high, the market came in, and we bought.    

We anticipate the S&P 500 will try to work its way back to 1950-2000.  However, if things worsen and our models become less bullish, we will adhere to strict risk management guidelines and reduce our exposure accordingly.

This commentary on this website reflects the personal opinions, viewpoints and analyses of the Gainplan LLC employees providing such comments, and should not be regarded as a description of advisory services provided by Gainplan LLC or performance returns of any Gainplan LLC Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Gainplan LLC manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.

 

Categories: News, The Market