Requests from our Top 0.01% Readers
Ways for you to get the most out of reading the newsletter.
Welcome to +32 new subscribers over the last 30 days.
This week, we reached out to our top 0.01% of readers.
I wanted to hear back from YOU so I could improve the quality of my posts.
The response was incredible.
Thank you to everyone who jumped on a zoom call, picked up the phone, or responded via email and shared your thoughts.
The whole experience has been humbling and constructive.
When I first started writing, I had no idea how rewarding and challenging this would be.
If feedback really is the breakfast of champions, I now have a whole menu of options to choose from to improve going forward.
Here is a summary list of top questions/comments from our readers.
(If you were not contacted, please don’t feel bad. I’m always open to feedback. Please email me directly via darin@tuttleventures with questions, comments, or concerns on what I can do to improve your reading experience).
Top Questions from our readers:
What happened to the fundamental value portfolio reports?
Can we get more frequent updates?
Can you share your frameworks/models used in macro/investment decisions?
What happened to the fundamental value portfolio reports?
The new SEC marketing rule for investment advisors went into effect on November 4, 2022. The marketing rule prohibits an adviser from displaying performance results in an advertisement, unless certain requirements are satisfied.
In order to comply with the rule, we had to discontinue sharing the portfolio in the newsletter. I shared this back in February.
We continue to manage the fundamental value strategy, but report performance at an individual client portfolio level.
You are still able to invest with Tuttle Ventures as an individual client or as an advisor with a customized portfolio on the Charles Schwab platform. This is a key benefit of working exclusively with Tuttle Ventures and bespoke investment management.
We understand that other newsletters online may still post performance figures.
I won’t call out anyone by name, but I can only guess those writers are:
Not professionally managing money as a registered investment advisor
Have gone through the process of registering the fund as a security with the SEC
Have different compliance obligations set by their legal team
In October 2022 we explored the possibility of launching a fund registered with the SEC as a security and traded on the NYSE. The talks were exciting but the institutional process was too arduous and expensive for us as an emerging manager at the time.
I feel grateful that during the process I was able to share my investment views with esteemed companies like NASDAQ, Goldman Sachs, Blackrock, First Trust, Tidal and many others.
We continue to keep our options open for the future.
Can we get more frequent updates?
Many readers are asking that I post more than once a week.
I understand that I shift between compelling private investments, general market commentary, broad macro insights, and individual company analysis.
My purpose has always been to provide unique investment ideas backed by interesting research.
To accommodate more frequent and consistent posts, I don’t want the quality of my work to go down.
I am going to continue to set a high standard for my research process.
To share more, until our research team grows, I will be flexible in the content type we distribute on Substack.
You can expect to to see more short form videos, podcasts, soundbites and quick research notes for more frequent updates.
Can you share your frameworks/models used in macro/investment decisions?
Some people like to know how the watch is made, others just want to know what time it is.
I’m happy to provide both.
Now that posts greater than one year are behind a paywall, some of my best work isn’t seen by a majority of readers.
To get full access, you’ll need to become a paying subscriber.
In the past I’ve outlined to subscribers how I use:
Chicago Fed Adjusted National Financial Conditions Index (ANFCI)
ECRI US Weekly Leading Index (WLI)
Net Liquidity Ratio in relation to the Adjusted National Financial Conditions
Overnight Reverse Repo Market Analysis
Public Forecasting Markets (In my post “My go-to resource for investment ideas”)
Geopolitical Risk Indicators from NYU Labs
VIX-Yield Curve Cycles
Influences from George Friedman and Geopolitical Futures
I’ll admit I should do a better job consolidating these frameworks into a single source.
In the future, I’ll share more behind the scenes work for frameworks and models we use to make investment decisions.
Keep in mind that at Tuttle Ventures we also manage individual investment strategies. These strategies are developed according to a clients’ individual willingness and capacity to accept risk. This means it is not a one-size fits all approach.
We are continuously making improvements and updates to our models to improve our investment process.
Final Word
We're grateful for the opportunity to learn, grow, and invest alongside you at Tuttle Ventures.
Like what I have to say? Let’s discuss your individual investment portfolio by scheduling a time below:
Book a meeting with Darin Tuttle
Best regards,
This is not investment advice. Do your own due diligence. I make no representation, warranty or undertaking, express or implied, as to the accuracy, reliability, completeness, or reasonableness of the information contained in this report. Any assumptions, opinions and estimates expressed in this report constitute my judgment as of the date thereof and is subject to change without notice. Any projections contained in the report are based on a number of assumptions as to market conditions. There is no guarantee that projected outcomes will be achieved.
Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein.
Unless there is a signed Investment Management or Financial Planning Agreement by both parties, Tuttle Ventures is not acting as your financial advisor or in any fiduciary capacity.