ASSET MANAGEMENT SERVICES

Limitless Capital Management serves investors with a broad range of global investment solutions and investment management services. We have built the business over the years with an emphasis on strategies that benefit from intensive research and active management. The result is a stable pattern of long-term performance, global perspective and deep insight into local markets.

 Our chief objective is to meet investors' demands for attractive risk-adjusted investment returns across market environments while employing rigorous investment and operational risk management practices. LCM’s asset management business is predicated upon the principle that, over time, a client's success ultimately translates into the success of the Firm.

INVESTMENT PRINCIPLES

GOALS:

Create clear, appropriate investment goals. A proper investment goal should be measurable and attainable. Success should not depend upon out-sized investment returns, or upon impractical saving or spending requirements. The best way to work toward an investment goal is to start by defining it, take a level headed look at the means of getting there, and then create a detailed, specific plan. We believe that a stock is not just a ticker symbol; it is an ownership interest in an actual business, with an underlying value that does not depend on its share price. Here at LCM, we are critical thinkers who take no Wall Street “fact” or statements from pundits on faith; we invest with patient confidence, taking steady advantage of opportunities that a bear market presents.

BALANCE:

Develop a suitable asset allocation using broadly diversified holdings. A sound investment strategy starts with an asset allocation appropriate for the portfolio’s objective. The allocation should be built upon reasonable expectations for risk and returns and should use diversified investments to avoid exposure to unnecessary risk. Asset allocation and diversification are potent tools for achieving an investment goal. A portfolio’s allocation among asset classes will determine a significant proportion of its return—and also the majority of its risk of volatility. Broad diversification reduces a portfolio’s exposure to specific risks while providing an opportunity to benefit from the markets’ current leaders. No matter how careful you are the one risk no investor can eliminate is the risk of being wrong. Create a “margin of safety” by never overpaying, no matter how exciting an investment seems to be.

COST:

Minimize cost. Markets are unpredictable. Costs are forever. The lower your costs, the greater your share of an investment’s return.  Research suggests that lower-cost investments have tended to outperform higher-cost alternatives. To hold onto even more of your return, manage for tax efficiency. You can’t control the markets, but you can control the bite of costs and taxes. The future value of every investment is a function of its present price. The higher the price you pay, the lower your return will be.

 DISCIPLINE:

Maintain perspective and long-term discipline. Investing can provoke strong emotions. In the face of market turmoil, some investors may find themselves making impulsive decisions or, conversely, becoming paralyzed, unable to implement an investment strategy or to rebalance a portfolio as needed. Discipline and perspective are the qualities that can help investors remain committed to their long-term investment programs through periods of market uncertainty. Because investing evokes emotion, even sophisticated investors should arm themselves with a long-term perspective and a disciplined approach. The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustifiable pessimism (which makes them too cheap). Abandoning a planned investment strategy can be costly, and research has shown that some of the most significant challenges are behavioral: the failure to rebalance, the allure of market timing, and the temptation to chase performance. Far more dependable than the markets is a program of steady saving. Making regular contributions to a portfolio, and increasing them over time, can have a surprisingly powerful impact on long-term results. After all, in the end, how your investments behave is much less important than how we behave.