For Investors

Get caught up on the latest insights from the Invariant team across investment management, market commentary, advisor resources, and more.

Tax Planning for Retirement

The strategies employed while tax planning for retirement are different from the strategies you employ to minimize taxes while working....

Welcome to Invariant Investment Management

On behalf of the entire Invariant family, we would like to thank you for taking the time to visit our website. We hope that as you...

Profitability Premium: Risk-based or Behavioral?

When implementing quantitative investment strategies, it is generally believed that you should understand the economic rationale of why a...

Wealth Management for Private Equity Professionals

Introduction Although many early career private equity professionals fall into the HENRY (high-earner-not-yet-rich) category, the access...

Proposed Tax Code Changes

Proposed Tax Changes (with thanks to Akram and Associates) On September 15th, the House Ways and Means Committee approved its sections of...

Drawdown Profiles of Simple U.S. Stock/Bond Allocations – Jan 1972-May 2021

One of my favorite heuristics for determining an investor’s willingness to take risk and, subsequently, an appropriate asset allocation,...

Academic Paper Review: "The Behavior of Individual Investors"

A key pillar of Invariant’s investment philosophy is that “Behavioral mistakes can derail even the best investment plans and strategies.”...

Managing Concentrated Holdings

Concentrated positions, whether publicly traded or privately held, have implications on clients’ financial plans. They can arise from...

Profitability Alpha: A Factor Investing Strategy

Factor Investing: The Profitability Factor This post will introduce Invariant’s large cap U.S. single stock strategy – Profitability...

A Primer on Asset Allocation

The first tenet of Invariant’s investment philosophy is “The primary determinants of investment success are appropriate asset allocation...

Behavioral Mistakes Can Derail Even the Best Investment Plans

Creating a financial plan is the first step toward building a successful Advisor/Client relationship – mapping the investment strategy...