Three main ways to invest

We see three main investment strategies available to investors:-

1. Macro: Best used to identify the investment environment over the next business cycle. It can indicate how the credit cycle will evolve, hence the market cycle. It does not resolve the timing issue of when to invest, nor what security to buy. Can help identify asset allocation and where bubbles/busts may occur

2. Value: This approach can best identify which sectors/industries/companies are available with a smaller probabilty of making a permenant capital loss, especially if you consider the market structure of the sector. It can help identify bubbles, though not when they will break nor when they will occur

3. Momentum/technical: Can help identify when a bubble will burst or start