Behind the Gate

“The four most dangerous words in investing are: this time is different.” – Sir John Templeton

The Great Depression. The 9/11 terrorist attack. The Financial Crisis . . . and now the Coronavirus pandemic.

In the midst of this current pandemic, as businesses fail and unemployment heads to 20%, it’s easy to say “this time is different”.

In today’s podcast we explain why this time won’t be any different than the bear markets that preceded this one.

Here’s to wise investing,

Iron Gate Global Advisors

The commentary on this program reflects the personal opinions, viewpoints and analyses of the Iron Gate Global Advisors, LLC employees providing such comments, and should not be regarded as a description of advisory services provided by Iron Gate Global Advisors, LLC or performance returns of any Iron Gate Global Advisors, LLC Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Iron Gate Global Advisors, LLC manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results and always consult with a professional prior to investing.

The bear market hit hard and fast. On March 23rd the S&P 500 was down 37%. It did that in only 23 days. The investor fear gauge hit the magical number of one, which is as fearful as it gets. The economy shut down, and is still shut down.

Since that day on March 23rd, the S&P 500 has rocketed up 27.50%. We are now down only -13.50% on the year. With a shutdown economy we are only down -13.50%.

The question remains – Is now still a good time to invest? Is the market going to fall again? Should we wait for the dust to settle to invest more cash?

Those are the questions discussed in today’s podcast. We hope you enjoy.

Here’s to wise investing,

Spencer, Brett, Ella and the Iron Gate Family

The commentary on this program reflects the personal opinions, viewpoints and analyses of the Iron Gate Global Advisors, LLC employees providing such comments, and should not be regarded as a description of advisory services provided by Iron Gate Global Advisors, LLC or performance returns of any Iron Gate Global Advisors, LLC Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Iron Gate Global Advisors, LLC manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results and always consult with a professional prior to investing.

The market has fallen 30% from its highs in only 27 days. The country is shutting down and isolating itself.

The pain, fear, and emotions that our country is going through is real and hard. We all know that investing is a marathon not a sprint. But the pain and fear within that marathon has us all asking…

What do we do now?

Should we sell our stocks?

Should we buy gold?

Should we quit?

Should we keep going?

In today’s podcast we are joined by our friend and colleague Jed DeVries. He shares his insights of going through difficult times during real ultra-marathons.

The heartache, the fear, the wanting to quit, the actual quitting and the actual finishing and joy that comes from it are the topics of the today’s podcast.

If there was a podcast to listen to at a perfect time to listen to it, it is today’s. Let Jed’s experiences motivate you to know there is joy in the journey, despite the pain we feel along the way.

Please take the time out of your day to listen to this important podcast.

Here’s to wise investing,

Jed, Brett and the Iron Gate Family

The commentary on this program reflects the personal opinions, viewpoints and analyses of the Iron Gate Global Advisors, LLC employees providing such comments, and should not be regarded as a description of advisory services provided by Iron Gate Global Advisors, LLC or performance returns of any Iron Gate Global Advisors, LLC Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Iron Gate Global Advisors, LLC manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results and always consult with a professional prior to investing.

Earlier this week we sent out a letter to our clients discussing the market chaos that is occurring. Well, the chaos has continued! The market as it stands today is down 20% off its highs.

Warren Buffett famously said, “it wise to be fearful when others are greedy and greedy when others are fearful.”

Fear right now in the market is approaching 2008 levels. The CNN Fear and Greed index (shown below) is at a level of “extreme fear.” So how do you actually go about doing what Warren Buffett famously said?

In today’s podcast we address the fear that many are feeling right now. We address the idea of moving into cash and selling your stocks and why that strategy isn’t a successful one.

We then discuss several things that people should consider right now, including refinancing a mortgage, reviewing and adjusting a 401k, putting cash to work, and much more.

We hope this information is useful and helps you understand that volatility in the market provides an opportunity.

Here’s to wise investing,

Iron Gate Global Advisors

The commentary on this program reflects the personal opinions, viewpoints and analyses of the Iron Gate Global Advisors, LLC employees providing such comments, and should not be regarded as a description of advisory services provided by Iron Gate Global Advisors, LLC or performance returns of any Iron Gate Global Advisors, LLC Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Iron Gate Global Advisors, LLC manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results and always consult with a professional prior to investing.

he market is down 8% since hitting all-time highs on February 19th. The past two days have been volatile to say the least.

The big global worry – the Coronavirus.

In today’s podcast we discuss the Coronavirus, it’s impact, and what investors should do.

When the market is trading at all-time highs, everyone is cheering for a market correction (pullback) so they can buy great businesses at cheaper prices. Then when that correction comes, the reaction emotionally is very, very different.

Listen to this important podcast to understand exactly what you should be doing and thinking.

Here’s to wise investing,

Iron Gate Global Advisors

The commentary on this program reflects the personal opinions, viewpoints and analyses of the Iron Gate Global Advisors, LLC employees providing such comments, and should not be regarded as a description of advisory services provided by Iron Gate Global Advisors, LLC or performance returns of any Iron Gate Global Advisors, LLC Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Iron Gate Global Advisors, LLC manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results and always consult with a professional prior to investing.

With the market making all time highs seemingly every week, we’ve been asked, “When is the market going to crash?” Our immediate answer focuses on two things –

1. No one knows when the market is going to crash.

2. It might happen when we see excesses in the market.

In this week’s podcast we discuss how excesses in the market (also known as euphoria) might be the one thing to cause the next downturn.

We look back at history, the late 90’s and 2007 – 2008 to discuss what happened when excesses caused the market to crash and how indexing certainly was not the best answer.

We discuss not only the excesses, but more importantly, What did we do about it back then? What are we going to do about it now?

Here’s to wise investing,

Iron Gate Global Advisors

The commentary on this program reflects the personal opinions, viewpoints and analyses of the Iron Gate Global Advisors, LLC employees providing such comments, and should not be regarded as a description of advisory services provided by Iron Gate Global Advisors, LLC or performance returns of any Iron Gate Global Advisors, LLC Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Iron Gate Global Advisors, LLC manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results and always consult with a professional prior to investing.

Every year, the market falls at some point. Since World War II, the average yearly fall has been -13.8%. But what if it falls even more? Down 20%?

That, my friends, is known as a Bear Market. In today’s podcast we talk all about these ugly Bear Markets.

We discuss what investors can expect, how the individual investor managing their own money typically performs, and exactly how you should prepare. You won’t want to miss this one!

Here’s to wise investing,

Iron Gate Global Advisor

The commentary on this program reflects the personal opinions, viewpoints and analyses of the Iron Gate Global Advisors, LLC employees providing such comments, and should not be regarded as a description of advisory services provided by Iron Gate Global Advisors, LLC or performance returns of any Iron Gate Global Advisors, LLC Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Iron Gate Global Advisors, LLC manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results and always consult with a professional prior to investing.

Once again, the pessimists got it wrong. Despite what was supposed to be a horrible year, the market in 2019 was excellent!

In today’s podcast, we review the biggest stories of 2019 and our forecasts (kindof) for 2020, including ONE THING that we strongly believe will happen.

Lastly, we share with you our process and the importance of discipline when managing money, a philosophy of Iron Gate Global that will NEVER change.

Here’s to wise investing,

Iron Gate Global

The commentary on this program reflects the personal opinions, viewpoints and analyses of the Iron Gate Global Advisors, LLC employees providing such comments, and should not be regarded as a description of advisory services provided by Iron Gate Global Advisors, LLC or performance returns of any Iron Gate Global Advisors, LLC Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Iron Gate Global Advisors, LLC manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results and always consult with a professional prior to investing.

Finally. A death that should have occurred a long time ago has finally come.

Bank of America recently put the final nail in the coffin of one of the most popular strategies taught and implemented over the last 50 years. Odds are you’ve probably at some point in your life had this portfolio strategy implemented for you, or maybe you still do?

For some reason academia and the majority of portfolio managers loved this strategy. At Iron Gate, we’ve never subscribed to the philosophy and are glad that people are realizing it. (In fact, we’re celebrating its death!)

In today’s podcast we discuss why this portfolio became popular and why it doesn’t work for most people. We also discuss our philosophy which has more to do with YOU than academia or popularity.

Here’s to wise investing,

Iron Gate Global Advisors

The commentary on this program reflects the personal opinions, viewpoints and analyses of the Iron Gate Global Advisors, LLC employees providing such comments, and should not be regarded as a description of advisory services provided by Iron Gate Global Advisors, LLC or performance returns of any Iron Gate Global Advisors, LLC Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Iron Gate Global Advisors, LLC manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results and always consult with a professional prior to investing.

Why is everyone so darn pessimistic!? There is too much doom and gloom out in the world today.

In this week’s podcast we discuss –

- Why right now is the best time to be alive in history

- Why what you hear in the media is only half the story

- Some amazing statistics that most people don’t know

. . . and why during this Thanksgiving week all of us should have an attitude of gratitude.

Here's to wise investing,

Iron Gate Global Advisors

The commentary on this program reflects the personal opinions, viewpoints and analyses of the Iron Gate Global Advisors, LLC employees providing such comments, and should not be regarded as a description of advisory services provided by Iron Gate Global Advisors, LLC or performance returns of any Iron Gate Global Advisors, LLC Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Iron Gate Global Advisors, LLC manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results and always consult with a professional prior to investing.