As some of you know, I purchased a 40 year old sailboat last October.\u00a0 Given its age I spent the spring cleaning, scrubbing and prepping so that she was ready to go when the weather improved (never would I have guessed in October that I was setting up the perfect social distancing activity for 2020).\u00a0 I have been fortunate enough to spend many late afternoons out on the water with my wife and son during the summer.\u00a0 During our sails it has taken some time to understand how to work with the rigging, the sheets (that\u2019s what sailors call ropes!) and the various other instruments and controls.\u00a0 Every time we go out I learn something new, to the point now where I feel quite confident in the capabilities of the boat and my abilities to get her around the lake.\u00a0 Of course, without the force of the wind, all of this learning is useless.\u00a0 Without wind in our sails we are nothing more than a cork on the lake.<\/p>\n
I also now officially consider myself a weather nerd.\u00a0 I am constantly watching forecasts and searching the wind apps on my phone so that I can catch the best possible conditions for sailing – not too flat and not too stormy.\u00a0 I\u2019ve learned that steady winds blowing between 7 and 12 knots are ideal.\u00a0 Sort of reminds me of the story of Goldilocks and the three bears, low winds are boring and gale force winds are dangerous while the perfect winds make things exhilarating.\u00a0 So, the daily search continues for a wind that is \u201cJust Right\u201d.\u00a0 FYI, Thursday afternoon at 5pm looks spectacular!\u00a0 If all holds I will be on the lake.<\/p>\n
As it relates to investing, finding the best conditions is what Pivot\u00a9 is all about!\u00a0 It is worth stressing again that the objective of our process is to commit hard earned capital when the wind is at our backs, and protect that same capital when a storm is approaching.\u00a0 You will not find us staying invested with the rest of the industry when we are facing gale force winds!<\/p>\n
Just as I did with my boat, though over a significantly longer period of time, we at MP Wealth have been continually prepping and fine-tuning Pivot\u00a9 as we actively stress-tested the approach through numerous market ups and downs.\u00a0 As with any tool, the more you use it the better you are at wielding it (although that does not seem to apply to my golf clubs).\u00a0 In terms of Pivot\u00a9, not only have we learned how to wield it more effectively over time, we have learned and proven that its true power is its ability to find the perfect wind conditions while avoiding storms.<\/p>\n
The news continues to shine the light on a plethora of significant issues.\u00a0 The US election cycle, the deployment of Federal troops to Portland (regardless of the fact that the city did not ask and does not want assistance), and unemployment significantly worse than the great financial crisis.\u00a0 Not to mention significant covid upticks in B.C. and exploding covid growth in the US, South America and now Africa.\u00a0 The markets continue to move higher ignoring the above, gobbling up the feast of central bank stimulus and the fact that we are going from downright ruinous economic conditions to something better but still terrible.\u00a0 Regardless of the media reports and the myriad bearish cases (keeping in mind that there are limited bullish cases) for the market to go down, Pivot\u00a9 continues to signal that the markets are currently in a healthy uptrend.\u00a0 At some point we will need to jump ashore, just not now.\u00a0 Until then enjoy the wind.<\/p>\n
You may have noticed that we have now copyrighted our Pivot\u00a9 process.\u00a0 Watch for some exciting news in the fall!<\/p>\n
Thanks to everyone who sent Shreddies to my office after my last post.\u00a0 They were much appreciated!\u00a0 Next time I might mention fine wines.<\/p>\n","protected":false},"excerpt":{"rendered":"
As some of you know, I purchased a 40 year old sailboat last October.\u00a0 Given its age I spent the spring cleaning, scrubbing and prepping so that she was ready to go when the weather improved (never would I have guessed in October that I was setting up the perfect social distancing activity for 2020).\u00a0 […]<\/p>\n","protected":false},"author":43,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-365","post","type-post","status-publish","format-standard","hentry","category-commentary"],"_links":{"self":[{"href":"https:\/\/advisor.wellington-altus.ca\/mpwealthadvisory\/wp-json\/wp\/v2\/posts\/365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/advisor.wellington-altus.ca\/mpwealthadvisory\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/advisor.wellington-altus.ca\/mpwealthadvisory\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/mpwealthadvisory\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/mpwealthadvisory\/wp-json\/wp\/v2\/comments?post=365"}],"version-history":[{"count":1,"href":"https:\/\/advisor.wellington-altus.ca\/mpwealthadvisory\/wp-json\/wp\/v2\/posts\/365\/revisions"}],"predecessor-version":[{"id":366,"href":"https:\/\/advisor.wellington-altus.ca\/mpwealthadvisory\/wp-json\/wp\/v2\/posts\/365\/revisions\/366"}],"wp:attachment":[{"href":"https:\/\/advisor.wellington-altus.ca\/mpwealthadvisory\/wp-json\/wp\/v2\/media?parent=365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/mpwealthadvisory\/wp-json\/wp\/v2\/categories?post=365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/mpwealthadvisory\/wp-json\/wp\/v2\/tags?post=365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}