Premium Models's FAQ“People are often more willing to act based on little or no data than to use data that is a challenge to assemble.” - Robert J. Shiller
Are the discounts applicable to already subscribed models or just new ones?
Keep in mind that to keep these discounts, you need to maintain your active subscriptions. For example, if you are currently subscribed to 3 models, then the 2nd model has a 10% discount and the 3rd model has a 20% discount. If you cancel the subscription for one of the models, the discounts on the 2nd and 3rd model will have to be readjusted accordingly. The readjustment will happen once the cancelled subscription expires.
How do I cancel a subscription?
Unfortunately there are no refund for cancellations – the subscription grants access for a month, and the cancellation ensures that the following month won’t be billed.
What is the subscription billing cycle?
Which forms of payment do you accept?
How are we notified about the buy / sell signals?
Can you notify me with a text on my phone?
- Bell Canada – email@example.com
- Bell Mobility (Canada) – firstname.lastname@example.org
- Bell Mobility – email@example.com
- Fido – firstname.lastname@example.org
- Microcell – email@example.com
- President’s Choice – firstname.lastname@example.org
- Rogers Canada – email@example.com
- Solo Mobile – firstname.lastname@example.org
- Telus – email@example.com
- Virgin Mobile Canada – firstname.lastname@example.org
- Koodo – email@example.com
- Chatr – firstname.lastname@example.org
- Sasktel – 5551234567@sms.Sasktel.com
Just replace the 5551234567 with your cell phone from your carrier. This list was accurate as of June 2017, please verify with your carrier for accuracy.
Is it too late to follow it? When should I start?
What does "rebalance" / next signal mean?
How frequently does a model buy / sell stocks? Does it matter the time of the day that I buy or sell?
Help! The model I'm following is DOWN (or underperforming the market)
There will be drawdowns and market underperformance (unrealized losses) – Backtests confirm it in many periods. It’s unrealistic to think that the model will always go up, all the time, or that it will outperform the market all the time. It will not and it’s by design. The models do not attempt to predict what the market might do. Instead, they attempt to buy and sell using different strategies, to manage the risks associated with potential losses. Successful investing (and trading) is not about avoiding risks, but about managing them. Most models do make use of market timing signal, simply to calculate the risk of holding equities versus other assets. Therefore, a model might switch to a fixed income asset when it detects equity risks, even if the market continues to outperform – it’s all about optimising the risk adjusted return.
Also, there will be realised losses. Trading is a probability business, and backtests shows a winning ratio between 50% to 60%, which means that about half of the closed transactions will be losers. However, statistics show that winners are closed for a much higher $ amount than losers, which makes a decent strategy in the long run.
Lastly, keep in mind that under-performance compared to the market is inaccurate, because adjusted-risk returns are not being considered – the model attempts to minimize drawdown, while the market doesn’t. The model does it by implementing different market timing rules – consistent, established and clear rules, so there are no gut feeling involved.
Trading (and investing) is a business, and therefore, it must be treated as such. Therefore, emotions must be set aside. If one wants to abandon the ship, it must be due to a rational reason, not emotional. So one needs to ask what is the rational reason to be worried. Are the rules not valid anymore? The models are implementation of well established ideas, written by successful investors, with decades of out-of-sample to prove it. We’re simply automating these ideas.
Before trading (and investing), make sure that you understand the risks associated with these operations, the temperament required and verify how that aligns to your goals. If in doubt, please consult a professional advisor.
Lastly, I strongly recommend reading the following to avoid these trading mistakes.