So far this year, the Freedom Capital Advisors LOWS portfolio has slightly underperformed the S&P 500 Index (+4.7% vs. +8.5%) as of May 24th.
Our outlook still remains cautious on the overall market and we continue to look for value opportunities.
This market requires patience because fewer stocks than usual are participating in this rally, and many non-participants have been hammered hard.
This factor, combined with the record low levels of volatility, creates an environment where investors need to carefully weigh the risk vs. the reward of each situation as well as the overall balance in the account.
We view gold and gold stocks as hedges against any unforeseen events and we continue to believe they are cheap at current levels.
We are confident gold exposure is essential to keeping balance in these unprecedented times.
We manage our money based on the opportunities that arise in every market cycle and prudently focus on what makes sense to us at each stage.
We view the small under-performance this year as a short-term blip that will correct when the markets return back to historical norms.
Freedom Capital Advisors is a Registered Investment Adviser and currently manages over $30 million in assets. We specialize in stocks, bonds and options and we engage in a lot of premium selling in managing our strategies, whether it is covered call writing or naked put selling.
Ron McCoy has worked in the financial markets for over 25 years and has seen many of boom times as well as the bust times. His focus is on managing risk and he takes a value approach to investing clients’ money.
He received a Bachelor of Science in business degree from Florida State University in 1986. Prior to founding and becoming a Registered Investment Adviser Representative for Freedom Capital Advisors, Ron held a series 7, 24, and 65 and held various management positions in the brokerage business.