Back in August, we wrote about how standard accounting treatment of stock-based compensation can mislead investors about the true economics of a business. As a brief recap– companies often issue stock to employees as part of their compensation. This has become quite popular in tech- land over the past 5 years as two things have...
We believe that a low-cost, passive investing strategy such as an S&P 500 index fund has a place in our industry – after all, for most retail investors who cannot invest the time, nor have the expertise, or the experience, then investing in a highly diversified ‘market’ portfolio is probably the best course of...
Dear Partners, Our GCI Select Equity composite ended the quarter -10.69% gross of fees. For context, the S&P 500 ended the quarter -4.60: Individual account performance may differ based on asset mix and timing of investments. Underperforming the market is never welcome, but over such a short period of time is of little consequence. We at GCI...
The war in Ukraine is creating serious human hardship and suffering not only in the region but around the world. And despite where your politics may land, we can probably all agree that a stock market sell-off is much less of a worry than what many people in Ukraine are currently dealing with. Without diminishing...
What is a SPAC? Are SPACs a Smart Investment Option for 2022? SPACS or special acquisition companies are becoming a popular way to raise money. It is a unique and innovative concept that, on the surface, doesn't seem to make sense. This article will answer the question, what is a SPAC, and offer the pros and...
3 Questions with Genuine Investors ETF (GCIG) Portfolio Manager, Guy Davis While the Genuine Investors ETF (ticker symbol: GCIG) was only recently launched with its publicly-traded debut on December 1, 2021, its portfolio manager overseeing the fund, Guy Davis, has more than a decade of experience managing assets for institutions and high net worth clients. Beyond...
We hear many investors and commentators asking; is now a good time to invest? The market is falling, should we sell today and buy back when it’s fallen more? Put simply; no- one can answer those questions- don’t trust anyone who even tries to. There are simply too many external variables to even begin...
On March 17, 2020, we published an article titled Market Update: The World is Ending (Again…) in which we discussed the large (at the time) sell off in the market related to the onset of the Covid-19 pandemic. While the title of the article was purposely hyperbolic, the message we conveyed was simple and...
Dear Partners, We are pleased to report another positive year of absolute performance with our strategy (see product page) up 28.60% gross of fees. Individual separate account performance may differ based on asset mix and timing of investment- the above numbers are for the strategy composite as a whole. You will have likely noticed that we...
This is our third entry in a multi-part series on some of the common failings of generally accepted accounting principles (GAAP). As a brief reminder, GAAP accounting is what you will find when you open most US publicly reported financial statements. These are the numbers commonly used to assess the financial health of a given...
