An SEC Registered Investment Advisor

Our Investment Principles

We are interested in your long-term success, not short-term guesses. We consider ourselves investors, not traders.

Return & Risk
Financial markets offer higher returns to investors who are willing to accept higher levels of risk; however, these higher returns may be minimal, or even nonexistent, over short periods of time.

Time Horizon
Patience is a virtue. Investors who adopt a long-term investment strategy are more likely to reap rewards for their exposure to risk.

Diversification
Wealth can be created or lost by being highly concentrated; wealth is best preserved by being highly diversified. No single strategy of investing consistently dominates over the long-term, and all approaches are vulnerable to periods of underperformance.

Market Timing
We do not attempt to time capital markets. Attempting to add value or reduce exposure to losses by timing cash flows into or out of a portfolio has proven to be an extremely unreliable strategy and usually undermines long-term performance.

Portfolio Construction

Teton Wealth Management's approach to portfolio engineering is based on leading research in the field of investments. A keen understanding of the sources of investment returns and portfolio theory will enhance investment performance.

Diversification of Risk/Return Offers Balance
Multi-asset diversification is the most widely recognized and practiced form of risk control. Different asset classes are combined into a single portfolio—such as U.S. stocks & bonds, international and real estate investments—all of which have different risk and return characteristics.

Efficient Frontier: US Stocks, US Bonds, & International Stocks
Finding the right mix of assets is critical to achieving investment goals and controlling risk. Incorporating historical risk and return characteristics and correlations between asset classes to the portfolio construction process will greatly enhance the chance of success.

Style Bias (Growth vs. Value)
No investment style is the top performer all of the time. The various styles go in and out of favor periodically. The important point to remember is that performance between styles can vary dramatically, and by holding both styles (style neutral) it is possible to reduce volatility and uncertainties in the portfolio.

Importance of Manager Diversification
Just as it is important to achieve diversification between asset classes and investment styles, it is equally important not to have all your eggs in one basket when considering individual managers. Even among the best managers, performance may vary widely; therefore, it is wise to select multiple managers/funds within each class of asset. enhance the chances of success.