Manage exposure to market declines.Evaluate investments when pessimism is high.Then build a focused portfolio.
Talk with MichaelA personal approach to the money you rely on.
I’m Michael Malone. I manage investment portfolios using these three tactics to seek income or growth through changing markets. We work with people who realize that they need help in troubled markets. They want to stop ‘hanging in there.’ As we listen to them, we can judge if our style is a match.
Consider the possibility of a large decline before committing capital. Holding back is part of the approach when conditions appear unfavorable.
When the sentiment of investors gets very negative, it is time for action.
Select a few researched ideas, primarily investment managers who invest as I would, with close attention to each selection and its effect on the portfolio.
Respect the cycle. It can be dangerous.
Warren Buffett has said that it’s not intelligence that is needed in troubled markets. It’s intestinal fortitude. My experience has been that I expect significant declines to happen and prepare for them. Then I attempt to judge whether the growing pessimism that follows has exhausted itself. That’s when I believe the risk-reward for investing reaches a favorable point. My skills have been honed to deal with these types of markets on behalf of my clients.
Managing risk does not eliminate the possibility of investment losses. A concentrated portfolio can be more affected by a decline in an individual holding.
See how I investFor people concerned about a major decline.
You are concerned that a major decline could mean you outlive your resources or cannot achieve your financial goals. You want help fighting against that possibility.
You want help putting your money to work.
You want the chance to do better than money markets, and accept that an experienced professional is worth evaluating.
You want a different experience through market cycles.
You have done well in up markets, but suffered in bad ones. Could a different approach help make a difference the next time the market gets into trouble? Maybe there’s someone who you really care about who struggles with this kind of market behavior and they could use help. Our practice is designed for them.
Trust. Competence. Caring.
Trust
Keep the client’s interests at the center of investment decisions and explain the thinking behind the approach.
Competence
Apply experience with market cycles to the assessment of each investment, while recognizing the limits of what anyone can predict.
Caring
Remember what this money means to the person who entrusts it to me, especially when markets are difficult.
Meet Michael Malone.
Mike has made Delaware County his home since 1984. His experience managing investments through market changes informs his focus on risk and his interest in buying when investors are pessimistic.
He is a University of Delaware graduate with a degree in political science. His board commitments have included Swarthmore Rotary Club and Kendal/Crosslands retirement communities.
Mike and his wife, Anne, have three daughters and five grandchildren. Away from his work, he enjoys studying golf course architecture.
More about MichaelTalk with Michael.
Our first conversation is about what you need from your investments and how important preserving capital is to you.