As independent money managers, we provide long-term wealth & estate preservation strategies and prudent investment advice in a challenging environment for investors. If you are looking for an asset manager or money manager who takes the time to understand your personal situation, Ciovacco Capital Management may be a good fit for you.
A prospective client recently asked us to compare our performance during the 2007-2009 financial crisis to mutual funds with impressive long-term track records. Since many investors are justifiably concerned about another crisis similar to 2008, these comparisons may be helpful to prospective CCM clients.
Unlike mutual funds, we are willing to move to 100% cash under extreme, 2008-like bear market conditions. From its peak on June 4, 2007 to the low on March 9, 2009, the fund shown below dropped 56.18%. Over the same period, CCM lost 11.15%.
From its peak on June 1, 2007 to the trough in March 5, 2009, the fund shown below fell 60.87%. Over the same period, CCM lost 10.54%.
The equity and income fund shown below peaked on May 20, 2008. It dropped 31.32% before finding a bottom on March 9, 2009. Over the same period, CCM lost 14.66%.
The well-known fund below peaked on October 12, 2008. The fund fell 59.10% before bottoming on March 9, 2009. Over the same period, CCM lost 14.60%.
Ciovacco Capital Management, LLC is a Registered Investment Advisor pursuant to the Investment Advisers Act of 1940.