Family, Friends, Good Health, Great Food, and Football!

6 years ago

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Family, Friends, Good Health, Great Food, and Football! 

Since 1863, Thanksgiving has been a time for gratitude, celebration and reflection. In honor of the holiday, we asked our CFO, Louis Shaff, to share what Thanksgiving means to him, and what he is especially grateful for this time of year…

In giving some thought to this day, what are a few things that I am thankful for this year? First, I am thankful for my family and friends. I was born under a lucky star and have been the recipient of two amazing parents, Belle and Eli Shaff. My good fortune has continued in life with my wife, Jennifer, and boys, Ethan and Sam. Additionally, throughout my life I have been blessed with great friends who have positively impacted my life in ways that are truly beyond measure. I will always be thankful for my sister, Paula Shaff; my high school friend, Jeff Wolpov; my mentor, Jeff Stern; college friends, Eric Deutsch, Evan Seigerman and Jason Cohen; and, to my law school friend, now partner in Cabana, who is truly like a brother, Chadd Mason. Without these people, my life would not be nearly as full and I would certainly not be the person I am today. So, to all of the above, and to many other family and friends, I am thankful for each of you!

Secondly, I am thankful for good health and LIFE. At a starting point, the odds of existing in this world are 1 in 10 2,685,000— yes, that’s a 10 followed by 2,685,000 zeroes! So, with that, I would suggest that we all wake up on Thanksgiving, and each day for that matter, thankful for our life, family, friends, good health and the opportunities that lie in front of us. We are all truly lucky to even be here!

Thirdly, I am thankful for the great food that will be on my table, the drink(s) that will be in my glass, and for football! Although my beloved NY Giants will not be playing this Thanksgiving, we will all have the opportunity to once again watch the Detroit Lions. This annual tradition began in 1934 and has continued unabated since that time, with the exception of World War II. The practice began when the Lions’ owner, George Richards, decided to play on the holiday in the hope of attracting more fans and selling more tickets. Somehow, through the years, and many terrible Lions teams, this tradition has continued.

So, with all of the above, and on behalf of our entire team at Cabana, I wish you a Happy Thanksgiving! Go enjoy your families, friends, life, good health, great food, a few drinks and football!

-Louis Shaff, CFO

Disclaimers

January 17, 2024

This material is prepared by Cabana LLC, dba Cabana Asset Management and/or its affiliates (together “Cabana”) for informational purposes only and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. This material may only be distributed in its original format and may not be altered or reproduced without the prior written consent of CabanaThe opinions expressed reflect the judgement of the author, are as of the date of its publication and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and nonproprietary sources deemed by Cabana to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Cabana, its officers, employees or agents.  

“CARA” is Cabana’s Cyclical Asset Reallocation Algorithm. Scenes assigned as per the judgment of The Cabana Group. Scene names and number of scenes have changed over time in an effort to obtain efficiencies and provide clarity of investment objective. 

This material may contain ‘forward looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy. All investment strategies have the potential for profit or loss. All strategies have different degrees of risk. There is no guarantee that any specific investment or strategy will be suitable or profitable for a particular client. The information provided here is neither tax nor legal advice. Investors should speak to their tax professional for specific information regarding their tax situation. Investment involves risk including possible loss of principal.  

Cabana LLC, dba Cabana Asset Management (“Cabana”), is an SEC registered investment adviser with offices in Fayetteville, AR and Plano, TX. The firm only transacts business in states where it is properly registered or is exempted from registration requirements. Registration as an investment adviser is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. Additional information regarding Cabana, including its fees, can be found in Cabana’s Form ADV Part 2A or Form CRS. A copy of which is available upon request or online at www.adviserinfo.sec.gov/. 

Past performance is no guarantee of future results. All investment strategies have different degrees of risk and the corresponding potential for profit or loss. Asset allocation and diversification will not necessarily improve returns and cannot eliminate the risk of investment losses. “Target Drawdown” is merely a descriptive term used to describe the general strategy and objective of the portfolio, it is not a guarantee, nor should it be construed to suggest safety or protection from loss. There is no guarantee that portfolio performance will remain consistent with the targeted drawdown parameter. While risk tolerance and targeted “drawdown” are identified on the front end for each portfolio, Cabana’s algorithm does not take any one client’s situation into account and there is no guarantee that Cabana’s strategies will be suitable for any investor. Investors and advisors should not simply rely on the name of any portfolio to determine what is suitable. It is the responsibility of investment advisors to determine what is suitable for their clients. Cabana manages assets on multiple custodial platforms. Performance results for specific investors will vary based upon differences in associated costs and asset availability.  

Cabana claims compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a trademark of the CFA Institute. The CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein. To receive a GIPS Report and/or a firm’s list of composite/pooled fund descriptions please email your request to info@thecabanagroup.com.

All recommendations made in the prior 12 months are available upon request. Cabana’s allocation history is available here. For additional information regarding our services, including performance disclosures and award methodology, please visit https://thecabanagroup.com/disclaimers/. 

Commonly used index/benchmark definitions:  

All indices and categories are unmanaged and an individual cannot invest directly in an index or category. Index returns do not include fees or expenses. Benchmark indices will likely materially differ from Cabana’s portfolio strategies. Detailed information as to how the returns are calculated can be obtained online from the following link: https://thecabanagroup.com/disclaimers/performance-reporting-methodology/. 

Morningstar’s Moderate Target Risk index  follows a moderate equity risk preference and is based on well-established asset allocation methodology from Ibbotson Associates, a Morningstar company.  

Morningstar’s Tactical Allocation category includes portfolios that seek to provide capital appreciation and income by actively shifting allocations across investments. These portfolios have material shifts across equity regions, and bond sectors on a frequent basis. 

The S&P 500 Index is a market-capitalization weighted stock market index of 500 widely held large-cap stocks often used as a proxy for the U.S. stock market.  

The Russell 2000 and 3000 indices are market-capitalization weighted stock market indices that include, respectively, 2000 and 3000 of the most widely-held stocks and are often used as proxies for the U.S. stock market. 

The Nasdaq Composite Index is a market-weight capitalization index that covers more than 3,000 stocks listed on the Nasdaq Stock Market. What is the Nasdaq Composite, and What Companies are in It? | Nasdaq