The new year brings about big changes — that’s the case here at Agora Financial in 2017 as well.
When we launched Trend Following a year ago, we were excited to bring one of the most powerful investing strategies to the hands of individual investors for the first time ever. Nobody had ever done it.
We were the first.
And it’s been a heck of a run.
We harnessed the explosive rally in gold and silver at the start of the year, and then got out of metals shortly after they peaked last summer. We took double-digit gains from the tech sector, and the same from energy.
No doubt, we took our lumps too.
But we navigated one of the toughest market environments in recent memory, handling the Brexit, constant churning in the S&P 500 and the ugliest presidential election in history. As I write, our worst trade is hovering around breakeven. Our best is up 50%. That’s the kind of position mix every trader wants to see.
And some of the biggest trends are clearly still just getting started as we turn the calendar to 2017.
Unfortunately, Trend Following is closing its doors effective immediately.
While we made something great, the frank truth of the matter is that a year later, we still haven’t been able to sell subscriptions to this research in the kind of numbers needed to support it as a business.
That’s what’s bringing about this tough decision for everyone involved.