Podcast appearances and mentions of charley wright

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This week our host Charley Wright welcomes David Stephens, a Silicon Valley software director and C2 trade leader to the podcast to discuss his background, start in trading, and his popular long-only strategy SystematicBlue SP500.  David prefers indices over individual stocks, an approach that he believes to be of much lower risk with less dependency on ‘market noise’. It’s important, David says, that every trader find what works for them.  According to David, whose day job has him working regularly with the likes of Nasa, BMW and Boeing, the amount of trading advice out there can be overwhelming. At the end of the day, be it mean reversion or price action, nobody can argue with what is working for you. 

Listen to this 5 minute interviw on OCTR with Charley Wright on how he became convinced by listening to a podcast.  You'll be glad you heard this.  This is a story that needs to be heard.

Four years ago, Richard Metzger went from designing the logic that goes into cell phones, computers and electronics to designing trading algorithms for his own venture AlgorithmicTrading.net. The results in just a short time have been impressive.  In Episode 9 of Top Trader Radio, Richard and host Charley Wright cover a broad range of topics from why to avoid perfection to how to use inversely correlated instruments to hedge. Richard has algorithms for a variety of market conditions but within each strategy he advocates for simplicity when possible.  Richard offers one of his marquee strategies under the name Swing Trader ES TY on a privately branded Collective2 site.  "Always remember, don't let the perfect become the enemy of the sufficient ... because back-testing is only a small part of the battle. I've coded over 300 algorithms, almost all of which did poorly when applied to live trades. A few stood out as gems and those are what we offer to our customers today." Richard Metzger Founder, Lead Developer, Quant Algorithms LLC Richard spent over 10 years as a logic designer engineer at Fortune 500 companies including Hewlett-Packard, Intel, and Qualcomm. In 2013, after trading on the side during his entire career, he founded AlgorithmicTrading.net (now under parent company Quant Algorithms) to capitalize on his expertise in algorithm development, finite state machine coding/design and advanced mathematics. Richard has a Bachelor of Science in Electrical Engineering with a computer science emphasis from Boise State. 

GD Singh is CFA Institute member and Chartered Alternative Investment Analyst who, along with his team of research contributors that all boast similar credentials, manage dozens of strategies, each with a different risk/return profile designed to cater to a specific type of investor.   GD founded HedgedEquity in 2015 to provide access to signals from his portfolio of strategies that specialize in low volatility, alpha seeking equities, ETFs and futures strategies that are non-correlated to the traditional equity and bond indices.  Episode 8 of Top Trader Radio features host Charley Wright interviewing GD about the approach, market and personal philosophies, and style that drive his investment process.  On Collective2, you can find his strategies under the user NTLLC including Emini Short Term, Allcap Stocks Long Only, and SP Swing Trading among others. GD’s proprietary multi-instrument, multi-time frame trading strategies have been published on Collective2 since 2015.Our fundamental belief is centered around the fact that markets are inherently inefficient and often create pockets of opportunities for astute investors. GD SinghFounder,  Lead Portfolio Manager, HedgedEquity GD Singh is the founder of  HedgedEquity.com, a proprietary research entity that develops sophisticated ‘model’ portfolio strategies for the global investment community.  GD is a Chartered Alternative Investment analyst with over 20 years of trading and investment experience. He is also a standing member of the CFA institute. Born and raised in India, most of his prior experience was in technology and software companies having sold his first company at a young age of 22. He transitioned to managing his personal portfolios several years ago and decided to bring his strategies to the global community via his newly created venture – HedgedEquity.com. Mr. Singh is the lead portfolio manager and is assisted by a team of 6 CFA/CAIA charterholders, who help him in his research efforts. 

In 1995, Brad Pappas formed Rocky Mountain Humane Investing, Corp (RMHI), an independent Boulder investment advisory firm to cater to Vegan and Socially Responsible Investing.  RMHI was the first investment adviser in the United States that focused exclusively on humane and environmentally screening as part of a socially responsible investing philosophy. In Episode 7 of Top Trader Radio, Brad and host Charley Wright talk about the investment approach behind several strategies tracked on Collective2 including Optimized Partners I and The Vegan Growth Portfolio.  Topics include trend following, what makes a market worthy of investment, and the common question of whether socially responsible investing means sacrificing performance.  Brad's proprietary ranking and trading systems have been public on Collective2.com  since 2013.

In this short episode, Charley provides some great insights into "Story Telling," partly taken from a TED Talk, showing its power in persuading a listener.  If you ever want/need to exercise some influence, listen to this.  Even works with Teenagers.

Alessandro Cocciola designs and develops quantitative, mechanical trading strategies that utilize proprietary measurements to determine the market regime along with a scoring system for S&P equities. His flagship strategy Carma Stocks is a mean reversion swing trading strategy that filters for oversold and overbought stocks. The strategy trades only highly liquid stocks, both long and short. In Episode 6 of Top Trader Radio, Alessandro and host Charley Wright talk about the investment approach behind Carma Stocks, the importance of matching trading methods to your personality, lessons learned about liquidity from the perils of 2008, and the characteristics that have lead to Alessandro's success as a portfolio manager. 

Software Architect Daniel Tochner wanted a way to backtest, optimize, and execute multiple algorithmic trading strategies at a portfolio level. When he was unable to find a platform that was capable of the heavy lifting required to meet his needs, he set out to design and build it himself, and IQBroker was born. In Episode 5 of Top Trader Radio, Daniel and host Charley Wright cover the features and benefits of the IQBroker software which was recently selected as Collective2’s first Preferred Trading Platform.  Daniel explains how IQBroker allows multiple strategies, within a single portfolio, to trade multiple symbols, on multiple exchanges… and to use multiple bar-types, news feeds, RSS feeds, and fundamental data. The result of over 11 years of R&D, IQBroker is one of the most powerful and feature-rich broker-neutral trading platforms for equities, futures and forex. IQBroker has received rave reviews from quantitative and algorithmic traders all over the world. 

This week host Charley Wright spoke with John Netto, a professional, independent futures trader based in Las Vegas. John has managed risk in the global markets, the world of sports as a teenage bookie, and as a United States Marine.  Charley and John covered many topics, including his 600-page book “The Global Macro Edge” and his view on the three dimensions of measuring returns, the 3rd dimension being his namesake  - the Netto Number.

Martin Bergin is president and owner of DUNN Capital, a Commodity Trading Advisor (“CTA”) firm based in Florida. In this episode of Strategic Investor Radio, Mr. Bergin and host Charley Wright discuss DUNN Capital’s history – including that of its colorful founder – as well as the firm’s trading methodology and how the futures market works in general.   DUNN Capital boasts a research team that includes four PhDs. The firm trades in 54 different futures markets across seven sectors: energy, metals, currencies, interest rates, bond indices, equity indices, and agricultural products. Bergin says he does not recommend individual investors buy or sell futures contracts themselves – since only a deposit of 10% is required in most cases, a move of greater than 10% in the wrong direction could incur a loss of greater than 100% of the initial investment. Instead, he recommends investing with quality CTA firms, which are able to diversify risk across a multitude of markets and contracts.

In this episode of Strategic Investor Radio, host Charley Wright interviews Jeremy DeGroot of Litman Gregory Asset Management. Mr. DeGroot is Chief Investment Officer and Principal of the firm, which provides investment research to over 4,000 advisors, institutions, and clients; as well as operating several multi-manager, sub-advised mutual funds. In this interview, Charley and DeGroot focus on one fund in particular: the Litman Gregory Masters Alternative Strategies Fund. The Fund is available in institutional shares under the ticker “MASFX,” and to individual investors under ticker “MASNX.”

In this episode of Strategic Investor Radio, host Charley Wright interviews Kurt Voldeng of Commerce Asset Management. Mr. Voldeng is both the COO and the CIO of the Memphis-based firm, which specializes in hedge-fund replication strategies. The company replicates hedge-fund strategies without actually owning hedge funds or even their underlying assets. Instead, Commerce categorizes each of the 800+ hedge funds in the HFR Index into one of 26 groups, and then determines the publically traded ETFs that best correlate to the performance of each of those groups. From there, a portfolio of ETFs is built to emulate the weighted performance of all 26 groups, with holdings rebalanced every month.

In this episode of Strategic Investor Radio, host Charley Wright interviews Taylor Lukof, founder and CEO of ABR Dynamic Funds. Mr. Lukof got his investment-industry start in the early 2000s as the youngest member of the American Stock Exchange, where he was a floor specialist for equity options. This experience obviously taught Lukof to appreciate volatility, which he now considers an important asset class onto itself. Indeed, Lukof says now is an important time for investors to look outside the normal investment spectrum of stocks, bonds, and real estate – and volatility is a good place to look.

Peter Lupoff is the founder and CIO of Tiburon Capital Management, a New York City-based event-driven strategy manager and the sub-advisor of the Balter Event-Driven Fund (BEVIX). According to Morningstar, that fund generated five-year annualized returns of 4.86% for the period ending November 30, 2016 – a whopping 193 basis points better than the category average. In this episode of Strategic Investor Radio, host Charley Wright discusses event-driven strategies with Mr. Lupoff, as well as Lupoff’s background in working with “hedge fund legends” like Marty Whitman and Izzy Englander.

Lawrence Calcano is the CEO of iCaptial Network, a New York City-based firm specializing in alternative investments. In this episode of Strategic Investor Radio, Mr. Calcano explains to host Charley Wright how his firm “provides a bridge connecting two groups of people who really want to be together” – by this, he means high-net worth investors and alternative investment managers.

In this episode of Strategic Investor Radio, host Charley Wright sits down with Greg Rutherford, co-founder and CEO of Cavalier Funds. Cavalier operates a family of seven mutual funds each managed by sub-advisors. The fund family consists of five equity and two fixed-income funds, each of which aim to capture benchmark returns in rising markets, while protecting assets in declining markets.

In this episode of Strategic Investor Radio, host Charley Wright interviews Don Robinson, CEO and CIO of Philadelphia-based Palladiem. The firm offers risk-managed strategies to investors and advisors. These strategies include absolute return, global macro, multi-strategy, and endowment models. Palladiem’s name is a portmanteau of Palladio, the Italian Renaissance architect; and diem, as in “seize the day.” Robinson jokes that coming up with a unique name was “the hardest thing” about starting the firm.

In this episode of Strategic Investor Radio, host Charley Wright interviews Eric Lutton, Chief Investment Officer of Sound Income Strategies. Eric is a Chartered Financial Analyst, and his job as CIO of Sound Income Strategies is to generate investment income – this is particularly difficult in today’s low-yield environment, as Charley points out. With investment-grade bond yields at rock-bottom lows, Eric looks to alternative assets like REITs, MLPs, BDCs, and preferred stock in pursuit of portfolio income.

Collective2.com is a website that allows everyone from professional money managers to “housewives in Mexico City” to publish their own trading systems and publically track the results. Moreover, these “trade leaders” can offer subscription alerts and even broker-synced automated trading services to paying subscribers, with the subscription revenue shared by the trade leader and Collective2. In this episode of Strategic Investor Radio, host Charley Wright interviews Rod Casilli, Collective2’s Head of Product.

Even the Pope is talking about it, but what exactly is impact investing? Meet Fran Seegull, Executive Director of the U.S Impact Investing Alliance, a project of the Ford Foundation and Omidyar Network. Fran is also an Adjunct Professor at the Lloyd Greif Center for Entrepreneurial Studies and Senior Fellow at the Brittingham Social Enterprise Lab, both at USC’s Marshall School of Business. Kelly Hoey and Fran chat about impact investing, the drivers behind this growing market, and how social entrepreneurs can find investors. Show Notes The Impact Economy: An Open Letter to the 2016 Presidential Candidates by Fran Seegull Beyond Tradeoffs: The Rise of the Impact Unicorns by Fran Seegull Darren Walker, President, Ford Foundation Two Years After White House Commitments: $1 Billion Deployed for Impact by US Investors In 2014 29 Orgs Committed $1.5 Billion to Impact Investing. Where’s the Money after 18 Months? socialimpactinvestment.org "Impact Investing: What Will It Take to Get to Scale?" Conscious Company Magazine, January/February 2016 "Impact Investing for the Rest of Us," Conscious Company Magazine, Spring 2015 Online video interview, “Is Impact Investing A Solution To Global Problems?” Forbes, July 13, 2016 Online video interview, “An Eventful Year in Impact Investing – An Interview with ImpactAssets’ Fran Seegull,” Next Billion, January 14, 2016 Online video interview, “Impact Investing No Longer Reserved for Country Club Crowd,” The Street, April 2015 Impact Investing With Fran Seegull of ImpactAssets by Charley Wright, DailyAlts The Landscape of Social Impact Investment Research: Trends and Opportunities University of Oxford Introducing the Impact Investing Benchmark Cambridge Associates The Diana Project F.B. Heron Foundation Is Going 'All In' by Anne Fields, Forbes How Etsy's IPO Could Spark Investor Interest in B Corps by Dennis Price, Entrepreneur Toms Shoes Is Investing In Companies That Actually Care About The World by Alexander Kaufman, Huffington Post Honest Tea: It Ain’t Easy Being Mission-Based by Leon Kaye, Triple Pundit Ben & Jerry’s CEO: How to Get Your Social Impact Game On by Renee Faris, Triple Pundit Guest bios & transcripts are available on www.broadmic.com.

Garvin Jabush and Jeremy Deems founded Green Alpha Advisors in 2007. Both men came from San Francisco-based Forward Funds, where they ran a “green” fund co-branded with the Sierra Club. That experience led them to develop a “more progressive” approach to environmental-impact investing that moved beyond “negative screening” of the “most objectionable” S&P 500 components. Today, Green Alpha runs four separately managed account strategies plus one mutual fund – the Shelton Green Alpha Fund (NEXTX) – which are modeled on what they see as the future, sustainable economy. Mr. Jabush sits down with host Charley Wright in this episode of Strategic Investor Radio.

In this episode of Strategic Investor Radio, host Charley Wright interviews Bryan Hertz, the CEO and co-founder of Voxox. Voxox is a “new type of phone company” that provides entrepreneurs and small- to medium-size businesses with easy-to-use and affordable phone systems. Mr. Hertz discusses his firm’s flagship product Cloud Phone, which turns any mobile device into a business phone system in under three minutes. Hertz founded Voxox with his father and brother as an investor-backed, family business. The founders’ dream was to bring “powerful, unified communications to the masses.” Today, Voxox’s Cloud Phone allows entrepreneurs and solo practitioners like lawyers, doctors, and real estate professionals to have a phone system “in their pocket.” In Hertz’s words, Cloud Phone “literally turns your cell phone into a business phone system, and it allows coworkers from anywhere in the world to work together utilizing this phone system, to make and receive calls as if they were in the same city.”

Dave Landry is a stock-trading educator focusing on technical analysis. He offers a daily trading service with stock picks and money-management ideas at DaveLandry.com. In this episode of Strategic Investor Radio, host Charley Wright interviews Mr. Landry, who disagrees with the notion that “you can’t time the market.” The market can only do three things – it can go up, down, or move sideways – and no matter your approach to trading, you have to capture the trend in order to make a profit.

In this episode of Strategic Investor Radio, host Charley Wright interviews Sean Wright – no relation – of Carden Capital. Sean is the founder and a Managing Partner of Carden, which is known for its unique investment strategies applied for institutions, mutual funds, private investors, and advisors.  Sean earned an MBA from Wharton and began his investment-industry career as an investment banker. He eventually “caught the entrepreneurial bug” and founded Carden. Soon thereafter, Gaven Duemke – a German who studied at Oxford and traded derivatives in London for many years – joined Sean as a fellow Managing Partner of the firm.  Carden is focused on systematic strategies. “Everything we do has some sort of algorithm,” says Sean. “By using models, we can take emotion out of investment decisions and thereby create better returns.” Sean says his firm aims to “achieve superior risk-adjusted returns over a cycle so clients can have a better experience.”

In this episode of Strategic Investor Radio, host Charley Wright conducts an in-studio interview with Thomas Schumann, founder and CEO of Thomas Schumann Capital. Schumann’s focus is on investing in water, which he says is quickly rising as an asset class. Mr. Schumann isn’t alone in this view: In 2011, Citigroup’s chief economist said he believed water was becoming the most important physical commodity asset class in the world – ahead of oil, industrial metals, gold, and agricultural products.  The exciting thing about investments in water, in Schumann’s view, is that they create “social, environmental, and financial impact” for the world’s 7 billion stakeholders. “There’s not one single human, environmental, or financial process on this Earth that isn’t driven by water,” says Schumann.  But how does one invest in water? Schumann says there are investment opportunities in companies and technology that provide water supply, improve water quality, and monitor water efficiency. Schumann’s eponymous firm is in the process of launching a specialist water fund, which will invest strictly in water and water-related companies. 

In this episode of Strategic Investor Radio, host Charley Wright interviews Paul Coan of Ploutos Wealth. Named for the Greek god of wealth and abundance, Indianapolis-based Ploutos develops and manages strategies for advisors to use in managing their clients’ assets. The firm currently offers eight portfolios, all in the alternatives space. Coan began his investment-industry career with a mutual-fund company around twenty years ago. From there, he moved to a large and well-known wire house, where he was tapped for a “family office task force.” The firm ultimately decided not to pursue family office business, but Coan says once he saw the “magic” of the family office model, he “couldn’t go back to pitching mutual funds and stocks.” Coan spun out and started his own RIA firm, and then founded Ploutos in 2011 to “give back” to financial advisors who “weren’t as lucky” as he was in discovering the family office model.

David Armstrong, portfolio manager for Cedar Capital, was Strategic Investor Radio’s very first guest when the program debuted in October 2014. In this episode, Mr. Armstrong is back with host Charley Wright, as the two men discuss Cedar Capital’s “unique and innovative investment strategies” and approach to portfolio construction. Cedar Capital works exclusively with investment advisors who then maintain a personal relationship with clients. The firm’s Market Advantage Portfolios (“MAPs”) are held within separately managed accounts (“SMAs”) or investors can hold assets directly by copying Cedar Capital’s allocation weights. Those weights are based on models used by endowments and foundations, and generally break down to equal parts private equity (“PE”), absolute-return strategies, and commodity and real estate exposure. MAPs achieves or emulates those exposures through ETFs and mutual funds.

In this episode of Strategic Investor Radio, host Charley Wright interviews Bill Kelly, the CEO of the Chartered Alternative Investment Analyst (“CAIA”) Association. Bill began his career as a CPA for Price Waterhouse before moving on to asset management, where he had a nearly 30-year career on the “buy side.” Ultimately, he was the founding partner of an asset management firm that sold to Robeco, and he says this experience gave him a great deal of insight into how the industry runs. Today, Bill is the CEO of the CAIA Association, and he says “our product is education.” The CAIA began conducting classes in 2003, when there were only 43 students – including previous Strategic Investor Radio guest Dick Pfister, who proudly boasts of his “#10” CAIA charter. Now the CAIA Association has more than 8,400 members in 90 different countries, and its annual class sizes are in the neighborhood of 6,000 students.

In this episode of Strategic Investor Radio, host Charley Wright interviews Dr. Omar Shah of Boston Infomatix. Dr. Shah’s premier product is a trading platform and portfolio management system that combines data analysis, an algorithmic trading system, trade execution, and money management all in one. Dr. Shah’s system looks at seven different signals that, when aggregated, determine a suggested allocation percentage. For example, if the model’s output was “20,” this would mean investors should invest a 20% share of the capital they have allocated to the system in the broad U.S. stock market (i.e., the “SPY” ETF), and keep the remainder in cash. The system yields a new output every trading day, taking things like interest rates, market breadth, volatility, and volume into account.

In this episode of Strategic Investor Radio, host Charley Wright interviews Cathie Wood. Ms. Wood is the CEO and CIO of Ark Invest, which is headquartered in New York City. She has more than two decades worth of experience as an economist, equity research analyst, and portfolio manager. In 2014, Ms. Wood founded Ark Invest, which she says is focused on only one thing: Disruptive innovation. The company’s five big themes are: - DNA sequencing - Next-generation Internet - Automation and artificial intelligence (“AI”) - Energy storage (she predicts the demise of the internal-combustion engine in the next 10-20 years) - Blockchain and bitcoin Indeed, Ms. Wood says Ark Invest probably knows more about blockchain, bitcoin, ether, and ethereum than most buy-side institutions.

In this episode of Strategic Investor Radio, host Charley Wright interviews Bob Hennessey of San Diego-based Coastal Capital. Bob started out in the 1990s as a financial planner and advisor, but then started wholesaling for a variety of asset management shops some years later. Around five years ago, he went into business for himself with Coastal Capital, and now he works as an independent wholesaler, representing funds to the advisory community. Bob is an alternative investments specialist. He says he likes alternatives because of their low correlation to traditional asset classes, such as stocks and bonds, and their ability to “dampen the volatility” of a portfolio. He loves liquid alternatives for expanding access to alternative asset classes and strategies for everyday investors, and he notes how as recently as the late 1980s, retail investors’ only real options were stocks, bonds, and real estate. Host Charley Wright also notes that alternatives provide a “smoother ride” during volatile times, such as the period immediate following the Brexit vote.

In this episode of Strategic Investor Radio, host Charley Wright interviews Alan Stone of Wall Street Research. Mr. Stone’s firm, which is headquartered in Los Angeles, publishes newsletters and reports focused on small- and micro-cap stocks. These stocks may trade on major exchanges or over-the-counter, or they may be entirely private. Mr. Stone graduated from Wharton, where he studied economics and finance. He had a notable career on Wall Street before relocating to Los Angeles more than a quarter-century ago, which is when he purchased the then-fifteen-year-old Wall Street Research brand from its original owner. Stone repurposed the newsletter as an online publication, and twenty-five years later, his site – WallStreetResearch.org – is the top listing for the popular Google search “Wall Street research.”

In this episode of Strategic Investor Radio, host Charley Wright talks with Taylor Garrett. Mr. Garrett is Managing Director of Central Trade & Transfer, a Salt Lake City-based firm that operates an “eBay-type” auction system for non-publically traded assets. Garrett explains that Central Trade & Transfer began as a marketplace for limited partnerships (“LPs”). Then, after the Financial Crisis, the firm reorganized in its “2.0 version” as an online auction platform for illiquid assets like non-traded real estate investment trusts (“REITs”) and business development companies (“BDCs”), private equity funds, venture capital funds, individual real estate assets, entire companies, and “all shapes and sizes of LPs.” Garrett says most of Central Trade & Transfer’s business has been with domestic assets, but there have been some international assets sold through its auction system, as well.

In this episode of Strategic Investor Radio, host Charley Wright interviews Sandra Powers, Ark Global’s founder and CEO. Ms. Powers has close to two decades of experience in the financial services industry, with roughly half of that time spent at State Street Global Advisors, where she was responsible for marketing and communications related to the firm’s largest pension plan clients. In 2007, she founded Ark Global, which provides consultation to investment managers looking to raise institutional capital, and to institutional investors looking for high-quality, differentiated investment managers.

In this episode of Strategic Investor Radio, host Charley Wright interviews Sanford Coggins, the founder and president of VisionWise Capital. Mr. Coggins has over three decades worth of experience in commercial real estate and a background as a registered investment advisor (“RIA”). He combines his expertise from both fields to make VisionWise a sort-of “RIA of real estate.” Coggins has always been a high achiever. He played quarterback for the University of Texas Longhorns and then went into commercial banking right out of college. From there, his career path took him into commercial real estate right ahead of a big downturn for the market, when he moved to Merrill Lynch. Shortly thereafter, Coggins started his own RIA firm, but then decided that real estate was his preferred asset class, so he founded VisionWise.

In this episode of Strategic Investor Radio, host Charley Wright interviews Suneet Singal, founder and managing partner of First Capital Real Estate Investments, which is headquartered in New York City. Mr. Singal says he started working at age 11 and hasn’t looked back since. He began his career working for a Fortune 500 firm but quickly decided he wanted to work for himself. Since 2001, he’s been a loan officer, a manager, a broker, a securitizer, and he’s built both a wholesale and real estate platform, totaling 15 years’ experience in real estate financing and operations.

In this episode of Strategic Investor Radio, host Charley Wright interviews Tom Florence, president and CEO of 361 Capital. Mr. Florence began his career as an advisor with Merrill Lynch in 1985, before moving to Fidelity. Later, he had the pleasure of serving as managing director of Morningstar, working under company founder Joe Mansueto. Florence says it was his idea for Morningstar to get in the asset-management business, and the firm now manages several billion dollars for advisors and advisors’ clients. 

Dick Pfister, founder and CEO of AlphaCore Capital, is Charley Wright’s guest on this episode of Strategic Investor Radio. Mr. Pfister has nearly a quarter-century of experience in alternative investments, starting as a floor trader in Chicago and later becoming a partner at Altegris, and he says he was inspired to start AlphaCore when he had a “personal liquidity event” upon selling his prior company. Advisors were essentially serving up “60/40” solutions, and in Pfister’s view, that approach is outdated and alternatives are essential. [read more]

In this episode of Strategic Investor Radio, host Charley Wright interviews Joe Childrey. Mr. Childrey is the CEO and founder of Probabilities Fund, and a three-time guest of the show. Conventional wisdom teaches that investors can’t reliably time the market, but Mr. Childrey has a strategy that’s unconventionally wise. The Probabilities Fund enters and exits the broad market, primarily through the Vanguard S&P 500 index fund, moving to cash or even going short during bear markets, and using leverage to amplify long positions during bull markets. Morningstar says the fund has 1,000% annual turnover – that’s an active strategy. [read more] 

In this episode of Strategic Investor Radio, host Charley Wright interviews Fran Seegull, chief investment officer for ImpactAssets. Impact is a nonprofit dedicated to increasing the flow of capital and democratizing access to impact investments, which are investments that seek to maximize social, environmental, and financial impact. [read more]

In this episode of Strategic Investor Radio, host Charley Wright interviews Ryan Wright (no relation), the founder and CEO of Fig Tree Capital Ventures. Dallas-based Fig Tree is focused on direct investments in oil, gas, and real estate. Ryan says oil and gas investors tend to be emotional, and this partially accounts for the commodities’ volatility. His firm is focused on the Stack area in Oklahoma, which isn’t as famous as other patches like the Bakken in North Dakota. But Ryan says the Stack produces higher-quality oil in accordance with the West Texan Intermediate (“WTI”) standard, whereas oil from North Dakota trades at a $7-8 per-barrel discount. [read more]

In this episode of Strategic Investor Radio, host Charley Wright interviews Randy Swan of the eponymous Swan Global Investments. Randy is the founder and president of the Durango, Colorado-based firm, as well as a portfolio manager. He started the company in 1997 after beginning his career as a CPA, but his interest in investing runs much deeper: Randy says he has been an “avid investor” since he was 14 years old, and his experience through the market’s ups and downs – including the 1987 crash – helped him develop the risk-mitigation strategies he implements at Swan Global Investments.

In this episode of Strategic Investor Radio, host Charley Wright interviews Chris Lakumb of RiverNorth Capital. The Chicago-based firm, founded in 2002, specializes in closed-end fund (“CEF”) strategies bundled in mutual funds, closed-end funds, and private funds. Beginning in 2004, RiverNorth set its focus on research, development, and analysis of CEFs. This is a comparatively inefficient market, which presents opportunity for disciplined investment managers. 

Don Deans is a CPA tax strategist from Charlotte, North Carolina. In this episode of Strategic Investor Radio, host Charley Wright interviews Mr. Deans as he explains four unique opportunities for accredited investors: Oil and gas drilling partnerships, passive activity, micro-captive insurance companies; and conservation easements.

In this episode of Strategic Investor Radio, host Charley Wright talks with Andrew Gogerty of Boston-based Newfound Research. The firm was founded in 2008 and is known for its tactical investment models and the mutual funds that are based on them. Prior to joining Newfound, Mr. Gogerty spent a decade analyzing alternative investment strategies for Morningstar. What exactly is meant by “tactical” investing? In Newfound’s case, the term refers to using sector momentum and asset-class volatility to inform investment decisions. The models are based on the premise that investors always care about capital preservation, no matter what their other investment objectives may be. Newfound’s tactical models generally work across all asset classes and represent strategic “tilts” toward either better returns or more safety – whatever suits the investor’s needs. The firm originally provided research and sub-advisory services, but in 2013 it built its own suite of strategies that are now available in both mutual funds and separately managed accounts (“SMAs”). When asked were the optimal conditions for the Newfound models’ success, Gogerty cited consistent trends, either up or down. The worst conditions for the strategies are when markets are choppy, with big swings up and down but no consistent pattern. No investment strategy can be right 100% of the time, and that’s why Newfound dollar-cost-averages into and out of positions. According to Gogerty, every time the S&P 500 has gone up or down 20%, the index has taken more than a year to complete the move – thus, an incremental, dollar-cost-averaging approach to entering or exiting positions doesn’t present a great deal of timing risk. When asked what keeps him up at night, Gogerty said people who “invest walking backwards through time.” He drove home the point with a Yogi Berra quote: “The future ain’t what it used to be.” Just because “60/40” worked in the past, doesn’t mean it will in the future. Gogerty also cited Research Affiliates projections for ultra-low returns from the stock and bond markets over the next ten years, and added that the “FANG” stocks – Facebook, Amazon, Netflix, and Google – accounted for the vast majority of the S&P 500’s gains in 2015.

In this episode of Strategic Investor Radio, host Charley Wright interviews James Hanson, the president and CEO of Morristown, NJ-based Hampshire Real Estate Company. Mr. Hanson is co-chair of the Rutgers University Center of Real Estate Studies and an advisor to multiple endowment funds and pension plans throughout the company. Hampshire is a third-generation family company, founded by Mr. Hanson’s grandfather in 1922, and it currently has more than 100 employees managing 259 properties in 28 states. Mr. Hanson offers a very sobering view on the future of real estate. He’s concerned that the U.S. is likely to enter another recession in the next four years, and that “yield chasing” has made attractive investment opportunities more difficult to find. He’s bearish on multi-family real estate, for which he says supply has outstripped demand; and even industrial properties, previously a favorite area of his firm, may be overbought. James Hanson, President and CEO, Hampshire Real Estate Company The areas Hanson likes include triple-net leases, necessity-based retail, and self-storage. 1. The first refers to single-tenant leases to investment-grade corporations, with 15-20-year terms, that are net of taxes, insurance, and operating income. 2. The second refers to retailers that deal in the necessities of life: i.e., grocery stores. 3. The third, self-storage, is part of what Hanson refers to as real estate “alternatives,” along with senior living and student housing. Hampshire has experience in a wide array of real estate properties, but not senior living and student housing. Hanson says he likes self-storage because it addresses life emergencies that happen during economic good times and bad (i.e., divorce). When asked what investors should look for when investing with a real estate company, Mr. Hanson listed three things:Track record (in good times and bad)Depth of operational experienceStrength of the teamWhen asked what keeps him up at night, Hanson’s answer was simple: “The economy.” With no real trend or pattern, but plenty of volatility, it’s difficult to plan. He also noted that the supposed recovery from the previous recession has been much weaker than previous recoveries.

In this episode of Strategic Investor Radio, host Charley Wright interviews Cognios Capital CEO Gary DiCenzo. The two gentlemen discuss Cognios’s “ROTA ROME” investment methodology, which seeks the best companies in terms of Return On Tangible Assets (“ROTA”) and Return on Market-value Equity (“ROME”). Why does Cognios think tangible assets are so important? DiCenzo explains that “good will” accounts for the majority of intangible assets, and that his firm has determined that “ROTA” is the best metric to find companies that make the most of their available resources. The “ROME” element is there to make sure the stock is trading at a good price at the particular time, because even good firms can be overpriced. How confident is Cognios about the veracity of its ROTA numbers? DiCenzo explains that Cognios only invests in S&P 500 companies, and that he’s confident in the integrity of their data. When Charley refers to Cognios as a “quantitative” operation, DiCenzo clarifies that his firm doesn’t use technical analysis, earnings momentum, and other such measures, but instead does a deep dive into company fundamentals. ROTA ROME provides the structure to comb through millions of pieces of fundamental data to find the best companies for the Cognios portfolio. Cognios currently operates one ’40 Act mutual fund: the 5-star rated Cognios Market Neutral Large-Cap Fund (MUTF:COGMX), which is also available in institutional-class (MUTF:COGIX) shares with a $100,000 initial minimum investment. The fund’s investor-class shares, which have a $1,000 initial minimum, returned an annualized +7.20% for the three years ending April 30, 2015, ranking in the top 7% of their category. The fund uses a “systematic, repeatable process” to isolate alpha – which, in DiCenzo’s view, is all investors should be willing to pay for. The fund is market-neutral with between 190-200% gross market exposure. The long portfolio normally consists of about 45 names with an overall beta of 1.0. The short portfolio is more diversified and more volatile, with a beta of around 1.5. To balance out the risks, Cognios invests around $1 long for every $0.66 sold short.

Welcome to the Strategic Investor. Join us as we interview some of the world’s most productive asset managers and uncover sophisticated and unique investment strategies in the markets. Here is your host, Charley Wright: Charley: Hello and welcome to Strategic Investor Radio on OCTalkradio.net where we bring new investment strategies you are not hearing elsewhere. I’m Charley Wright and today is February 26th, 2016. We’re very pleased to welcome back to our show, as a guest, James Cordier of OptionSellers.com. James speaks to us from their headquarters in Tampa, Florida. James, welcome back to StrategicInvestorRadio.com. James: Charley, it’s certainly my pleasure to be here. I always enjoy doing your show, and the fact that we are speaking to investors that think outside the box, it makes us that much more inviting to do your show. Charley: Well, we’re very pleased to have you and you folks are certainly an out of the box thinking crowd here. James, first of all, let me recommend to all of our listeners, we last interviewed James about a year ago, and the date of the post on our website is February 11, 2015. We recommend to all of our listeners to go back to that and listen to it, as well. It provides a very strong foundation and much of information that we will not be covering today. So, James, give us 30 seconds on your background here. James: Charley, basically our background is commodities, it is spent futures trading in the far, far past. So often, people want to get diversified and they want to get involved with real markets, crude oil, gasoline, coffee, soybeans… things that they use and they enjoy every day. However, trading futures certainly, it is too much like trading, too much like gambling. We have discovered and tried to perfect, we’re not there yet, a strategy that allows the average investor to get involved with commodities, and it’s been a great way to diversity. We have certainly been very busy with new clients just because of that reason. Charley: So James, a little more focused on your background here, you were an employee for a couple of decades, right, working out of the pits of Chicago? James: Yes, my background is in the Midwest. I started in the Chicago-land area, basically understanding the fundamentals of the market. Chicago is certainly not northern California where everything is computerized, and everything is driven by databases. I learned a great deal of fundamental information, why the price of coffee goes up and down, why the price of crude oil goes up and down, and the such. Basically, we’ve been trading the exact same commodities for over two decades. It allows us to have a rationale and thesis as to why we should be in the market, as opposed to just charting and technical analysis. Certainly, those two forms of approaching the market have their day; however, we base everything we do on rationales of supply and demand, probably the best way to approach trading commodities. Charley: You know, we want to get into that later, because that certainly causes you to stand apart from most commodities traders, most futures market traders, and, certainly, most options traders, because they’re so technical analysis focused. Let’s start here, James, with a few questions. Question number one: why sell options? James: For you having the thinking audience, very easily to start out by saying selling options is going to put the odds in the client’s favor. It said that approximately 82% of options sold out of the money will expire worthless. So that would be assuming a darted aboard 82% of the time, selling options would become profitable. The fact that you’re able to sell options further out of the money, if in fact an investor does that, the odds of it expiring worthless increases even more so, so certainly putting the odds in your favor, I think the largest investors in the world, and I get to speak to some of them just every once in a while, I run into them and they’ll say “Wow, I saw you wrote the book on option selling. What did you do that for? You’re letting the cat out of the bag.”, because that’s what we’ve been doing. I think the largest investors look to write options and the public is looking to buy them, and that is the big difference between what we do and, probably, most retail houses. Charley: So, you don’t buy any options at all. You always sell options. James: That’s exactly right. Charley: Okay, why the futures market as opposed to the stock options market, the equities market? James: Well, that’s a very good question. The majority of our investors were introduced to selling options through their stockbrokerage account. Basically, their stockbroker mentioned this stock is sitting here at 20, it just continues to go sideways, and he finally introduces the client to writing covered calls. Lo and behold, every time they do that, their selling of the calls winds up making money and then the light bulb goes on. The fact that we sell options on futures in commodities is because of several reasons: One is because you have the ability to diversify away from the stock market. If the stock market were to go up every single month and every single year, an industry wouldn’t really need us. fundamentals in the economy, and such, are starting to change. The ability to sell options on futures in the commodities arena allows an investor to diversify, and it also gives them the ability to be right with their investment, whether the market is going up, down, or sideways, and that is certainly a great way to diversify, relative to simply being along the stock market. Margin on selling options in commodities, is approximately 20% of holding a short option on a stock. In addition to that, quite often stock options sellers are looking at calls or puts, sometimes 5% out of the money. When we’re selling options on commodities, believe it or not, the options strike prices are often 40, 50, 60 percent out of the money, which gives the investor a very large window for the market to stay inside while they’re waiting for the option to decay, which, of course, is what we do. What we’re doing is selling high and buying back low. That is the approach. Charley: You know, James, I have your book right in front of me. It’s a little booklet, actually, about 60 pages long, Options Selling on Steroids. I read it recently, and it’s a fairly new book, correct? James: Yes it is. We have three different editions of The Complete Guide to Option Selling, by McGraw Hill. This one, Option Selling on Steroids, really digs into the very most finite measures of options selling in the direction that we take it. It talks about smaller margins, versus selling options on stocks. It discusses real diversification, as opposed to simply being long equities. It really brings an investor through the ABC’s of selling options on commodities. I know those two things are quite a buzzword, commodities and selling options, but as investors who do work for themselves, investors who do study the market for their own portfolio, it’s an easy read and it’s a very easy learn, and I think a lot of your listeners would be surprised as to how many people could do this, and might find it an attractive investment. Charley: Well, you know, James, in reading this, I can’t tell you how many books I have read on options. I get offers all the time through the email, and all of these people have option approaches. In fact, the book that you recommended last time, during our last interview a year ago, Get Rich with Options by Lee Lowell, I had read many years ago. So, I’m reading this book, and the frustration that I have felt repeatedly that you guys address very affectively is that people get me excited about selling options, but then when I look at the real world and I look at an ETF or I look at a particular stock, and I see that I have to be so close to the price to sell that option in order to generate any kind of premium to make it worth my while, that any kind of movement of that stock, or that ETF, is going to put me out of the money. James: That’s exactly what we hear. Charley: Yeah, and so, I’ve been so unimpressed. Again, I can salivate looking at okay 82% of the time. The calls or the puts expire worthless. Okay, let’s get involved in that, but there was no premium in there to make it worth while to do the investing and make $25 or something, you know, and risk $1,000. I mean, it was ridiculous. So what you demonstrate is that through the futures market, somehow I don’t know enough about it, but through the futures market, the relationship and elements are such that you can be much further out of the money and still have a very strong return. That’s why you’re investing through the futures marketplace, as opposed to the equities stock options. James: That’s exactly right. Of course, our backgrounds are in commodities. We’re not trying to investigate 1,500 different companies, we’re simply watching the same ten commodities, and I’ve been doing that for a couple decades now. You almost get to learn the personality and what moves the price of soybeans, or the price of gold, or the price of silver. Quite often, here’s an interesting example, Charley. We have negative interest rates around the world, we have a lot of markets that are in flux, and a lot of investors, recently, are looking to possibly be in precious metals, with the idea that diversifying with negative interest rates around the world is probably going to be a pretty big candidate. Silver prices, for example, I think a lot of listeners and a lot of people have been watching any markets are probably familiar with the price of gold and silver. The silver market’s been trading around $15 an ounce; however, it’s just recently had a rally. So, how does an investor approach getting long silver for possibly an investment? What we would do, is, we would sell puts below the market, which is a bullish position on silver, and with silver trading around $15, we’re not selling the $14 puts. I’m going to sound like an infomercial. We’re not selling the $13 puts, we’re not selling the $12 puts. There’s a great deal of money to sell the $10 puts. You’re putting up approximately $1,500 to sell a $1,000 put at the $10 strike price. This is an example of option selling on steroids. You’re selling the market 25%-35% below the underlining futures contract. So, if silver goes up, the option expires worthless. If silver goes sideways, the option expires worthless. If silver actually falls 25%, the option still expires worthless and you keep the premium. That is option selling on steroids. Charley: And what kind of time frame would you guys be investing in a situation like that? James: It’s interesting, Charley, so often you read books about option selling, whether it be in stocks or commodities, and a lot of books talk about selling a 90 day option. We look at it as we are long-term investors, so we look at options, as far as building a portfolio, we look at it as 12 months at a time. So, right now, we’re in February. When we’re building a portfolio we’re talking about December 31st. What we’re going to do is stagger different months throughout the year, so that on December 31st, for example, we’ve had a round of options, hopefully, that we’ve sold, expire worthless or very close to it. We often sell options 6-9 months out. A lot of investors will say “Well, that gives the market a whole lot of time for you to be wrong”, but we don’t look at it that way. We look at it as “That gives the market a whole lot of time for us to be right”. With options selling 50% out of the money on the call side, sometimes 30% out of the money on the put side, you’re going to find, whether you’re doing this yourself or you have someone doing it for you, you will be right most of the time, and that’s what we usually look forward to. Charley: James, this is fascinating stuff. I could talk about this all day. We need to take a short break. When we come back, I want to talk about fundamentals versus technical analysis here, and a couple of other things. We’re talking with James Cordier of OptionSellers.com. You’re listening to Strategic Investor Radio on OCTalkRadio.net, and we’ll be right back. Charley: Again, we’re talking with James Cordier of OptionSellers.com out of their headquarters in Tampa, Florida. So, let me summarize just a little bit, James, make sure that we all understand here and our listeners understand. You take a particular commodity, and this particular example you used was silver, silver currently at about $15 an ounce, and you say you believe the silver is going to rise, so you’re bullish on silver. So, you take a deep out of the money position, which means you go down from it’s current price of $15, down to $10, and you sell, not buy, but sell an option for some time in the next 5-9 months. You sell that option, you get paid a premium for selling it, and when that option expires, as long as the price is over that strike price, in this case $10, you keep that premium. You have a margin, which basically is your risk, and you would have a profit. That premium, in this particular case is silver, would be approximately what percentage of the risk that you’re taking? James: The risk that you’re taking, Charley, in that scenario, is you’re long the market, the silver is put to you at $10. Just like selling an option, a put option in the stocks, you would be put to you long silver from $10, and then your risk would be for the market to fall below that. Just like a stock at $10, your market falling below that is your risk, as well. The margin to hold the position that I was referring to, in that example, was about $1,500 to hold about a $1,000 put. That is the premium that you’re looking to collect. What’s interesting is in stock option selling, the margin is enormous. Quite often, in commodities, when selling options, you’re looking at approximately 150% of what the possible potential profit would be is the only margin that you’re putting up. The risk is that the market goes below 10. Of course, if you’re bullish at 15, that gives you a lot of leeway for you to either exit the trade, or it gives you a lot of leeway for the market to not fall below $10. The scenario that we talked about would be if silver were to go up, if silver were to go sideways, if silver were to fall as much as $5, and eventually that option would still expire worthless. That’s just a really large window for most investors to feel comfortable inside. Trading gold, silver, and coffee with a futures contracts, I’d recommend no one to do that. Basically, we’re building portfolios based on a similar trade to what we were just referring to. We would also do it in 6 or 7 other commodities. That’s what a portfolio would look like. Charley: And the reason to do it on the futures market, versus the equities market, because there is a silver ETF, is the premiums collected for selling those puts in the futures market are substantially higher than the premiums to be collected in the regular equities market stock options. James: Exactly. If anyone were to visit our website or read one of our books, it describes it extremely well. This isn’t something that you have to have an expert do for you. Your listeners could do this on their own; however, finding someone with experience probably goes a long ways. The first time you hear selling options on commodities, it seems a bit foreign, but anyone, especially in the current environment of investing, a lot of investors are looking at ways to diversify and willing to do a little bit of reading. I think it’s going to be quite fruitful for them to do that. Charley: So James, let’s change the track a little bit here. In your book, you recommend that you like fundamental analysis as opposed to technical analysis. Now, any options traders I have ever looked at were focused totally on technical analysis, because they say an option expires at a particular time. So, you want the certain movement to occur prior to that expiration. Whatever the fundamental analysis is, it may be good for Warren Buffet and his buy and hold approach, but for options that have a particular expiration date, we need to know what it’s going to be doing prior to that. You don’t focus as much on the technical, you focus more on the fundamentals… tell us why. James: Well, we can use a couple examples, but the fact that we are putting on positions that are 6-12 months out, we’re going to see, Charley, technical analysis that shows probably 3 times the buy and 3 times the sell during that period. We find that when selling options at, say, 50% out of the money, that is a lot of noise. It’s for the short-term trader, and I understand that some people are able to do that. If you have the right technical analysis and you have the intestinal fortitude, getting these buy signals and sell signals using intraday stochastics or Bollinger Bands, which we’re big fans of all of these, I’m quite sure that, on a short term basis, that would work. The fact that we sell options based on fundaments, we’re looking at a much longer term than what the technical analysis might give the investor or the trader. Basically, we’re selling options where, fundamentally, the market can’t reach, and the fact that we’re going to be in 8 different commodities, some of them will be bullish, some of them will be bear, some of them will be neutral, we’re simply going to build a portfolio based on what the fundamentals can allow the market to do. We don’t want to be getting in and out of the market with short-term moves and short-term investments. Charley: So, you sell puts if you’re in a bullish position, a bullish direction, and you sell calls if you’re in a bearish direction. James: Exactly. Charley: Okay. So, tell us here, a good question is, our readers may be a bit confused here, what they should do here. So, what is it that OptionSellers.com does? We know about your book, okay, what service do you offer to those who would like some kind of service? James: The service we offer, and the reason why we have been so busy lately, is diversification, in my opinion. If the stock market were to go up 15% each year, people wouldn’t need us. They’d simply need to be in wholly and nice diversified stock portfolio. A lot of investors are thinking that, maybe, that time might be changing. What we do is we take nearly 3 decades of experience in trading commodities, we apply the percentages of options expiring worthless 82% of the time, and we take that fundamental analysis and build a portfolio for individual investors. So, if someone had a portfolio with us, say a quarter of a million dollars or a million dollars, we would margin and place in their account positions based on examples and ideas that we just mentioned. We would be slightly long silver, we’d be slightly short coffee, we would be long some of the grains. When the crude oil market rallies this spring and summer, and it does every year, we will look to then short the crude oil market based on fundamentals. As the crude oil market maybe rallies this spring and summer, and gasoline prices start edging up, a fundamental analysis for us would be will crude oils not going to get to $80. It’s all based on rationale and thesis of the market. The market often rallies in summer, I think we’re noticing that crude oil is, for example, starting to make low and starting to rally up. It usually goes up in April, May, and June, and then what we do is look at the weakest demand period, which would be, for example, December. As the market rallies up and the technicals look good, we’re going to sell the $80 or $85 crude oil calls for December based on fundamentals. So, we’re constantly rotating commodities based on seasonalities and fundamentals, and as some options, for example, in silver, start falling off and we’re still bullish silver, we’ll sell them to next silver puts 6 months out. It’s not a lot of trading, it’s a very small amount of trading. However, it’s based on layering, in other words, possibly having options expire every month or every other month once the portfolio is built. It seems to be quite slow at first because we’re not finding 8 opportunities all at once, but it’s something we build over time. Of course, accounts are completely transparent. The investor sees why and what they’re in. We write a weekly newsletter that describes why we think crude oil is going to be a good sell at $80, and why we think silver’s a good buy at $10. A lot of investors are going to say “well, it’s not at $80, it’s only at $40”. Well, there’s the magic of option selling. That’s how we build portfolios. We do the trading, we manage the account, and, of course, anyone’s account is perfectly transparent. By reading our weekly and bi-weekly newsletters, it gives the investor an idea and an approach as to what we’re looking at in the market, and, therefore, people who watch commodities but are not quite familiar with them, can make themselves familiar by reading our analysis on them. Quite often, it makes a great deal of sense, and then we’re going to sell options far out of the money. Those are the portfolios that we help people manage. Charley: So, OptionsSellers.com, besides having the book, you guys manage money and separately manage the accounts, I presume. James: That’s exactly right. Charley: Okay, and then you charge a fee to the investor for doing that. James: Yes. The fee that we charge is roughly 10% of the option premium that we take in. So, that would be something that the investor would be understanding and realizing. Charley: Okay. So, that’s what you guys do, but, in addition to that, tell us briefly again about your book, the title, and how people can get it. James: Okay. Approximately 9 years ago, we wrote The Complete Guide to Option Selling, published by McGraw Hill. We were so amazed by the perception and the interest that so many investors have purchased our book and just about so many countries and so many languages. The second edition was put out 5 years ago, the third edition was put out, now, just about 1 ½ years ago. It’s done extremely well. To fine tune and make the reading a little bit faster, we recently made a smaller book, Option Selling on Steroids, and instead of reading a several hundred page book, it’s in a much smaller form and it allows to get right to the nitty gritty for people who want to possibly get involved with selling options, maybe with us. It gives you all the best ideas and approaches in a much quicker read.. something you would read in one afternoon. It’s called Option Selling on Steroids. It’s available at our website, and anyone that would be interested in getting it could simply request it, and we would get something right out to them. Charley: You know, I could put in a plug for OptionSellers.com, the website here. James, a lot of helpful and valuable information there, and educational material on the options market, futures market, etc. It has several videos of you on there, and it’s an excellent site. I could recommend that anyone go to that site and access it and look at it. Again, I have Option Selling on Steroids sitting in front of me. I read it this week, and a very interesting, rather quick read, and an excellent approach to investing. Again, not of 100% of anybody’s money, I’m sure you tell them that all the time, correct? James: It’s just part of a portfolio, absolutely. Charley: Correct. So, James, we really appreciate you being with us today. How about some final words for our audience before we sign off here? James: I would say that the more books you read and the more of the best investors you ever listen to, or have a chance to read some of their material, the one thing that they never forget is to be diversified. I think a portfolio similar to ours allows the investor to do that. Our investors can participate in bull and bear markets. Does it mean we’re right all the time? By no means are we, but the fact that options expire 82% of the time worthless, it’s certainly putting the odds in your favor, and that’s not a bad place to start. Charley: James, thank you very much. We really appreciate you, again, sharing your information with us today. We very rarely, by the way, have guests on for a second time, but you have a very interesting approach, and I’m sure productive approach to investing, and we really appreciate your time today. Thank you very much for coming. James: Charley, it’s been my pleasure. Charley: So, we’ve been listening to James Cordier of OptionSellers.com, and you’re listening to Strategic Investor Radio on OCTalkRadio.net, where we bring you investment strategies you’re not hearing elsewhere. Again, we’d love to hear from you at info@strategicinvestorradio.com. This is Charley Wright, wishing you an enjoyable week and productive investing.

Sean Hyman’s newsletter provides individual stock recommendations based upon a “Value” investing style.  Listen as he explains his process in evaluating companies to select those he recommends to his subscribers.  Sean has been a guest on CNBC and other major business and finance shows.  Note that this interview is provided for educational purposes regarding the Ultimate Wealth Report, only.  The opinions and recommendations expressed during this interview are those solely of Mr. Hyman and not necessarily those of Charley Wright or Partnervest Advisory Services, LLC.  Further, Mr. Hyman’s recommendations should not be considered investment advice for any listener.  

Real Wealth Network – This is a unique interview for us.  Real Wealth Network is all about purchasing investment real estate.  Listen to Kathy Fettke, host of her own radio show for the past 12 years, tell about their method of providing real estate services to clients throughout the country that allows their subscribers to find, purchase and manage properties throughout the U.S., regardless of the location of the purchaser.  This is a very interesting model and service for real estate investing.  It is our first show on real estate investing. Please note that this interview is intended for educational purposes only and should not be interpreted as an advertisement or endorsement for real estate investment.  Partnervest Advisory Services LLC nor Charley Wright are licensed to sell real estate.

David Gurwitz is the Managing Director of Charles Nenner Research, which provides timing recommendations on various markets throughout the world to Hedge Funds, Mutual Funds, Money Managers, large institutions, et al., with clients in over 60 countries.  Charles Nenner, who is an MD, worked for Goldman Sachs for 15 years in their “Technical Analysis” endeavors, now makes his “Cycle” based predictions available to the public.  Their goal is to benefit the investor by exiting markets expected to decline in value.  David is an eclectic guy who makes several predictions here that you will find to be very interesting.  Note that the views and opinions expressed by Mr. Gurwitz do not necessarily reflect those of Charley Wright or Partnervest Advisory Services, LLC.  The information should not be interpreted as investment advice or recommendations, and is provided to educate listeners on Charles Nenner Research services only.

Every 401k plan participant has the same problem - Determining which mutual funds to select.  Listen to this approach, provided by the Host, Charley Wright, that discusses how to invest in those mutual funds moving in an uptrend and how to avoid those moving in a downtrend.  This is a unique and different way to make those investment selections in 401k plans.

Listen as our Host, Charley Wright, discusses the benefits and potential pitfalls of Closed End Funds.  Only a fraction of the size of the mutual funds industry, Closed End Funds offer unique opportunity, especially for those seeking consistent income generation.