With Election Day (or month) coming to a long-awaited end, investor focus has shifted back to the COVID-19 virus. Encouraging vaccine news has raised hopes for a quicker pace of economic recovery. No matter what the market is doing, we always suggest being prepared for future unexpected events. As you saw in your portfolio’s during March. holding a well-diversified portfolio that can protect you during any economic season will help buffer short-term market moves.
Year-to-date Performance as of this writing for the TAM Core portfolio strategy is 13.07% during some of the wildest market swings since the Great Recession. To put this in perspective the S&P 500 has returned 15.01% YTD. The lesson here…stay invested!
This last quarter has been a busy one for Tamalpais! In the last few months we have created a new firm website with updated Client Portal giving you access to both your financial life management dashboards and the Award-winning performance reporting software – Black Diamond. Black Diamond integrates with Riskalyze, Box, Schwab, and Interactive Brokers, giving you performance since inception, with your files and risk tolerance metrics all in one place. Black Diamond also updates and integrates all invested TAM Alternative Asset deal flow returns.
On the deal flow front, we’ve partnered with Madison Park Financial, giving us access to more Commercial Real Estate, TriLinc Global for Socially Responsible Investing options, and Jardin Capital Holdings, LLC for alternative investment deal flow, all with exceptional long-term track records.
At the end of March and in the midst of COVID, to the delight of those clients that invested, our first Commercial Real Estate deal (Appian – Broadstone Midtown) sold with a return of 17% and a 1.55x multiple. The past few weeks, TAM has been working with Appian in raising approximately $24 million on equity for a 243-unit multi-family complex in the downtown core of Boise, Idaho. The deal is now $8 million oversubscribed!
TAM has been approved by Schwab as a Third-Party Options Sub-Advisor. Allowing us to implement options strategies for Wealth Managers across the country.
TAM has partnered with PCS Retirement and Schwab to offer a premier 401k Platform, with our first Plan successfully opened and invested week one.
TAM also welcomed a new Investment Advisor – Christopher Cummock. We are excited to welcome Chris and his clientele; we trust his experience will add much value to the team. I’m proud of the Tamalpais team for their patience and perseverance during these dark days of COVID and political uncertainty, and we’re all grateful for the confidence our clients showed in us and our investing principles during this time. We know we’ll be tested again, and we are ready for the challenge. We are in this together, and we remain confident that staying the course and rebalancing is the best way to realize our long-term goals.
Kind regards,
Michael Bristow
Managing Partner
