Childhood "money messages" can lurk in our brains and affect our financial conversations, conflicts, and decisions. Join us to uncover yours.
The four most dangerous words in investing are ‘This time it’s different.'
– Sir John Templeton
When you entrust us to manage your wealth, we make decisions for the long term – your long term.
Since we’re not chasing the next big thing, we disregard short-term market noise and speculation. Instead, we focus on stamina and expertise. Disciplined analysis. Back-testing our assumptions. Selecting money managers with sector strength and the proven ability to deliver long-term results.
Of course we closely monitor market movements and stay abreast of changing conditions. But we count on the checks and balances built into our processes to help detach human emotion – especially fear and greed – from our investment decisions and yours. It’s another example of Behavioral Wealth Management in action.
...it probably is
People love to tout their spectacular portfolio returns at parties. Which can leave you second-guessing your own performance. Guess what? Success isn’t beating your neighbor, your boss or the S&P 500. It’s reaching your own goals on your own terms. That means there’s a lot more to consider.
For example, according to Modern Portfolio Theory (the strategy we follow), higher returns bear higher risk.
So when you hear about the next hot “low-risk” investment with high returns, exercise caution: when it sounds too good to be true … well, you know. That’s why we don’t believe in increasing your risk exposure beyond what’s necessary. We coach you through various types of risk, especially emotional risk that bubbles up during market fluctuations. We’re also diligent about digging up hidden fees and risks that can dampen performance. We strive to help you avoid the risky mistakes that can mean losing big.
We believe that asset allocation and proper diversification are the pillars of successful investing.
Asset allocation and proper diversification are basic, tried-and-true fundamentals. But we don’t stop at the basics; our strategy integrates these principles across multiple levels. For example, we apply methodical research to assorted variables when selecting asset classes. Our Investment Committee also performs semi-annual deep dives to evaluate opportunities (for instance, analyzing asset classes that are relatively cheap or expensive) and buy or sell accordingly.
We also believe diversification is key to lowering portfolio risk. Naturally we diversify the securities within an asset class with an eye toward lowering “unsystematic” risk and volatility. Going further, we diversify between actively managed and passive investments. In addition, we diversify by using fund managers and money managers who have particular expertise in different asset classes. This commitment to diversification across multiple levels supports an important investing objective: participating in up markets while limiting exposure in down markets.
Sure sounds nice.
A bell may ring at the open and close of the market, but you won’t hear one when a stock hits its ceiling or floor. So how do you know when that happens? Pundits can offer conjecture, but that isn’t good enough for us or for you. That’s why we rely on tactical, systematic rebalancing. It’s not new, but it’s an important strategy to compensate for that missing magic bell and to help remove emotion from investment decisions.
Our software systematically shifts assets from better-performing classes (“selling high”) to those
with lower performance (“buying low”) on a methodical schedule and when the market presents a tactical opportunity to buy low and sell high (for example, when the market drops). It can feel counterintuitive for individual investors to harvest gains in this way, since we may feel emotions like excitement when a stock is running high. But remember -- we strive to remove emotion from investing decisions. That’s why we place so much confidence in our rebalancing process: we believe it maximizes the probability that you’ll achieve your long-term goals.
Proprietary algorithms, special tactics, secret sauces? Not at JOYN. Our investing process is transparent; it’s based on empirical research, careful analysis, specialized teams and documented processes. It can be complex, but we strive to make it understandable regardless of your personal expertise. It’s your money, and you deserve to know how we manage it.