Investment Philosophy

How It Works

Our investment philosophy focuses intensively on what works, what matters, and what we can control in the investing process. This also means that we avoid speculation, predictions, or pretending that there is some “wizard behind the curtain.”


  • Successful investing is somewhat boring, because it has no room for speculation.
  • Global diversification and asset allocation are of paramount importance.
  • Keeping expenses low adds an amazing amount of value over time.
  • After tax returns are the only returns that matter.
  • Markets are not predictable in the short run. They are not controllable ever, yet human intuition is at odds with these facts.
  • Avoiding mistakes is usually the most important tactic in investing.


  • Diversification reflects an acknowledgement of the basic premise of unpredictability.
  • Getting the correct allocation of assets among stocks, bonds, real estate, and cash is the most important step in anyone’s investment plan.
  • A “total return” approach to investing is superior to “yield based” investing.
  • Employing a rebalancing discipline adds value.
  • We insist on earning as much of the market returns as possible by reducing expenses and taxes.

The Human Element

Managing investor behavior is perhaps the most important determinant of long-term investing success. We focus continuously on guiding our clients away from poor decisions driven by anxiety, greed, or complacency. If acted upon, these emotional responses can be devastating to a long-term investment plan. At The New Wealth Project, we stress that one of our most important jobs as investment managers is to eliminate self-inflicted wounds wherever possible. We coach, teach, and consistently reinforce the truths that serve your interests. Uncertainty is and always will be a part of financial markets and investing. We plan for the inevitabilities; we don’t try to predict them.

Ready to Get Started?

Ready to Get Started?