2008 Redo!
John Lekas – CEO & Portfolio ManagerAugust 31st, 2022 Most people can’t remember back to 2008 when Floating Rate Funds seized up and dropped over 40% and closed their funds for redemptions. This could happen again! Most investors still have not recovered from 2008 in Floating Rate Funds. Eaton Vance Floating Rate Fund 2001 – 2022* The basic problem in…
Unemployment, Fed, and The War
John Lekas – CEO & Portfolio MangerJuly 29th, 2022 Three things are driving the market between now and 1/1/2023. 1. Unemployment (most important)2. The Fed3. The War & Policy Unemployment (Most Important) The negative correlation between unemployment and equity markets is quite high (-0.74%). The general belief is there are plenty of jobs, but no one wants to work. Some…
My Trip to the Store – Will Small Businesses Fail in 2022-2023?
John Lekas – CEO & Portfolio ManagerJune 29th, 2022 Last Sunday I went to get hanging plants at Fred Myer supermarket. The open gate at the Garden Center was locked which is unusual so I inquired why? The gentleman explained that he was the only employee who was working that day; normally it was a 6-person crew. So, he had…
Market Outlook 2022
1.19.2022 False Alarm We believe the fed will not raise rates this year more than two times. It’s not necessary and it’s an election year. Our Reasoning is as follows: We believe raising rates 4 times or more will lead to an inverted yield curve. The current thinking is if prices go up, we have inflation. It’s not that simple. A…
2021 Newsletter – 6.16.21
We had exceptional performance in our fiscal year 2020 due to the dislocation that came from Covid-19. In addition, our exposure to oil and gas particularly in the form of shrinking supply in both oil and gas markets moved prices higher. The sell-off in technology also helped as convertibles “broke” meaning they began to generate positive yield to maturity with the…
Board of Directors / Andrew Rogers
Leader Capital recently held a vote by proxy to establish a stand alone trust. Meet our new Trustees, Andrew Rogers, Raymond Davis and Marty Kehoe, who will serve on our…
Grim Earnings Forecasts Are Getting Worse by the Week
With most investors focusing on monetary policies and trade negotiations, the grim outlook for earnings is flying under the radar. John Lekas, CEO & senior PM of Leader Capital, shares…
A Winning Mutual Fund Prepares for the Next Storm
Every few years, Steve Romick pens a long letter to clients about looming risks for the stock market. His timing is usually too early—credit-default swaps in 2002, subprime mortgages in…
An Oregon Fund Firm Expands Its Tech Team
A mutual fund entrepreneur in Oregon is leaning increasingly on technology, more so than on traditional wholesalers. READ MORE
Beware the Risks of Floating-Rate Funds
Words are powerful, and for investors seeking income, the words “floating rate” are particularly alluring these days. The Federal Reserve is likely to raise interest rates again in December, and…
Portland businessman works to stop the sale of dog meat
John Lekas has retained former Multnomah County Commissioner Loretta Smith to lobby Congress on the…
The Ugliness Of The Lychee And Dog Meat Festival
Help stop the Lychee Massacre. Save tortured dogs. The Lychee and Dog Meat Festival is…
Leader Capital Promotions
“The team at Leader Capital has been crucial to our success over the years,” said…
Disclaimer: We are providing a link to the third party’s website solely as a convenience to you, because we believe that website may provide useful content. We do not control the content on the third-party website; we do not guarantee any claims made on it; nor do we endorse the website, its sponsor, or any of the content, policies, activities, products or services offered on the website or by any advertiser on the site. We disclaim any responsibility for the website’s performance or interaction with your computer, its security and privacy policies and practices, and any consequences that may result from visiting it. The link is not intended to create an offer to sell, or a solicitation of an offer to buy or hold, any securities.
The video presented is for informational purposes only and is not an offer to buy or sell a security or participate in any investment strategy. Information provided should not be used as substitute for individualized investment advice. Past performance does not guarantee investment results.