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Please see additional information and disclosures HERE.
TDI Managed Growth Strategy
Is this investment a mutual fund or hedge fund?
No. The TDIMG Strategy is an individually managed account program. Your investments and assets are not commingled with other clients. Each account is owned directly by you, the client and Horowitz & Company has limited discretion on the account for trading/investing. Accounts are held at Interactive Brokers and detailed information is accessible through their website. Interactive Brokers will provide all statements and confirmations of transactions directly to clients.
Can I use my account at another broker (Schwab, Fidelity, TD Ameritrade) to invest in the TDIMG Strategy?
No. At this time, The TDIMG Strategy is managed exclusively through your account held at Interactive Brokers.
Will my portfolio immediately match all of the other portfolio investments in the TDIMG Strategy?
As soon as the investment management process begins your portfolio will be rebalanced to match the current strategy. This is completed in order to insure that all portfolios within the strategy receive a similar performance trajectory. The portfolios are managed and monitored on a daily basis in order to make sure each position is appropriate for the current market environment. In addition, note that IRAs are not able to “short” individual positions. However, inverse ETFs may be utilized as a proxy for individual short positions held within taxable accounts to gain relative exposure.
Will I be able to speak with Andrew directly?
As a policy, all new investors will have a one-on-one conference call with Andrew to determine suitability and discuss risk and other factors related to the TDIMG strategy. Andrew is also available to answer any questions you may have related to the strategy. In addition, please feel free to Contact Us via email or telephone and someone will be able to set up a time for you to discuss your portfolio.
How long has Andrew been managing money?
Andrew has been managing money since the late 1980s.
Who manages the TDIMG Strategy/portfolios on a day to day basis?
Andrew manages the strategy with the help of supporting individuals that provide administration and research.
How many investors does the TDIMG Strategy currently have and will the Strategy close to new investors at any point?
The amount of investors within the TDI Managed Growth Strategy fluctuates from month to month as new clients engage Horowitz & Company to manage their portfolios. The Strategy may close to new investors sometime in the future, but the exact date has yet to be determined. Currently, we see plenty of ability to take on additional capacity due to liquidity within the markets.
Is performance available for me to review?
Published performance is currently not available due to compliance issues and SEC regulations. We had previously published performance, but regulations enacted since 2009 no longer allows us to do so. However, we encourage you to Contact Us in order to discuss the portfolio structure and how it has functioned historically.
How long has the TDI Managed Growth Strategy been active?
The Strategy has been active since July 1, 2008.
What is the minimum investment and can it be spread over multiple accounts?
The minimum investment is $50,000 for each account opened for the TDIMG Strategy. Other strategies managed by Horowitz & Company have a suggested $500,000 minimum per relationship.
Will Andrew be trading my account or will he giving me recommendations on what to trade?
Andrew/Horowitz & Company does all of the trading directly through your account on a limited discretionary basis. All transactions are approved/directed by Andrew.
Are there any restrictions on depositing or withdrawing funds from my account?
Remember, all accounts are held by you, directly at Interactive Brokers. There are no restrictions or redemption periods that need to be followed. However, we do ask that if you plan to take funds out of the account that you contact us so that we can rebalance your portfolio back to the targeted strategy allocation. If this is not completed, your portfolio may deviate in performance significantly from the strategy. This investment strategy is not intended to be utilized as a checking account or to transfer funds back and forth on a regular basis as it is designed to be a long-term growth investment.
Does the TDIMG Strategy use margin for IRA accounts?
For IRAs we do not use traditional margin or individual short positions. Through Interactive Brokers we are able to use covered options and other hedging strategies through “IRA Margin.” Investments through IRAs should in no way create a conflict with the IRA status or tax requirements.