OUTPERFORM: The act of producing better results in a particular situation than others have done.
OUR PORTFOLIOS
14 Unique Investment Portfolios
At Anthony Capital, our motto is to profit in bull markets, protect profits in bear markets.
We manage 14 unique investment portfolios that offer various degrees of investment risk and return. From the conservative investor that is seeking stability and income, to the more aggressive investor that is looking for capital appreciation and growth, our base portfolio models and core blended models have consistently outperformed their respective benchmarks in virtually every statistical measure since the majority of the portfolios began in 2000, and have validated our core investment motto: Profit in Bull Markets, Protect Profits in Bear Markets.
DISCLAIMER: Anthony Capital, LLC was formed in 2006 and became a Registered Investment Advisor in 2013. FBIAS™ Fact-Based Investment Allocation Strategy portfolio returns and performance measures are based on back tested performance numbers with the following disclosures:
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Illustrated performance does not represent the results of actual trading but was achieved by means of retroactive application of the model designs with the benefit of hindsight.
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Results may not reflect the impact that material economic and market factors might have had on Anthony Capital's decision making had they been actual client accounts.
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Anthony Capital began managing monies for advisory clients in 2013.
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All performance results are illustrated net of the annual asset management fee of 1% and reinvest any interest and dividend payments received.
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FBIAS™ base and core-blend models could have changed materially during 2000-today
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Actual trading results from client account only go back to 2013 and could differ from the model account performance.
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All performance trade data was taken from the average price between the open the closing price of the security on the day it was purchased.
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All references to to performance during the markets of 2000-2002 and 2008 are based on these back tested results.
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Understanding and implementing FBIAS™ portfolio strategies does not guarantee a profit or any specific return in the capital markets.
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Investing involves risk and past performance (back tested or not) does not predict future results.
Our Process
How we go about constructing and managing our portfolios is fundamentally different from the flawed financial theories and accepted risk management processes that contributed to the financial crisis of 2001-2002 and 2008. From our Supply and Demand analysis, we arrive at two fundamental truths:
Supply & Demand Rule #1
Markets Trend Frequently, and for Years at a Time.
This 110-year view of the U.S. Stock Market clearly shows that the Market benefits from multi-year periods of dramatically-rising prices called ‘Secular’ Bull Markets, followed by multi-year periods during which the Market suffers big hits and goes nowhere overall. These are called ‘Secular’ Bear Markets, and we are currently in one of those periods.
In Secular Bull Markets, demand is clearly and conspicuously in control - whereas in Secular Bear Markets, supply and demand fight a see-saw battle, with each gaining the upper-hand for periods of time.
During a Secular Bear Market, it is very difficult for a buy-and-hold investor to do well … but for Fact-Based Investing, there can be opportunities.
Let's zero-in on the ‘go nowhere’ period of the current Secular Bear – the period from 2000 ‘til now.
Even here, in a period when the S&P 500 has produced no net gains for more than ten years, there have been two distinct downtrends and two distinct uptrends, ranging in duration from one-and-a-half to five years each. These are called ‘Cyclical’ Bull Markets and ‘Cyclical’ Bear Markets, known popularly as simply Bull Markets and Bear Markets.
Our Fact-Based Investing methodology seeks to identify and capitalize on these kinds of Bull and Bear trends, in order to profit from an otherwise-unrewarding Market.
Supply & Demand Rule #2
Performance Persists - strength and weakness are more likely to continue than reverse.
The second truth derived from supply and demand analysis applies to the selection of portfolio components.
In Fact-Based Investing, the selection of portfolio-components is based upon the tendency of performance to persist.
Researchers have labeled this phenomenon as ‘momentum’, and have documented its widespread existence in the Markets over a span of many decades.
In his Second Law of Motion, Sir Isaac Newton said that a body in motion tends to stay in motion. Similarly, in the Stock Market, high performance has been shown to be more likely to continue than to reverse, at any given time.
The same holds true for low performance. It, too, has been shown to be more likely to continue than to reverse, at any given time!
Using continuous measurements of ‘what-is’, Fact-Based Investing simply selects high performers in portfolios, and excludes low performers.
Fact-Based Investing makes no attempt to predict future changes or ‘the next big thing’ … instead, Fact-Based Investing relies on careful measurements of actual performance to guide portfolio construction.