Active Investment
Management

We evaluate the broader market, sectors, industries, and individual stocks by analyzing statistical trends such as price movement and volume.

• Price doesn’t lie. You may think that you’ve found a great investment, but if the rest of the investing world disagrees with you, you will lose money.
• We look for markets that are working in our favor, and individual stocks that have momentum.

We believe in understanding current macroeconomic conditions to either trim portfolio exposure to the stock market or to have full exposure. A strong economy often leads to strong markets, whereas a recession can lead the markets lower.

• It is important to get key economic indicators as quickly as possible to determine the health of the U.S. and other world economies.
• Most of the economic data that we rely on comes out weekly or monthly. Traditional recession data points can take six months to a year to confirm a recession, far too long to protect a portfolio from downside risk.

We believe in buying the very best companies in our diversified portfolios. While we understand that companies can manipulate the figures they report, we believe that the quality of numbers doesn’t lie over time. We are very quantitative in our fundamental evaluations.

• Every sector and industry is different, with different criteria of what has made them perform well for their investors in days past.
• We screen thousands of stocks every week to find the ones that are most in alignment with future growth.

We evaluate the sentiment of the market, as it can often influence buying and selling decisions. Market sentiment can often have an impact on market prices, thus influencing technical analysis.

• PWAG looks at many sentiment polls and put-to-call ratios to understand the mood of the market.
• PWAG understands that market sentiment can often be a contrarian reading, as most individual investors base their decisions by “gut feeling,” buying when they feel comfortable and often selling in a panic. Extreme readings can often lead to great opportunity.