April 15, 2022 Focus on What to Own Dear Friend: Our colleague Michiel Scholten, who runs our Dutch office in Amsterdam, will discuss Russia’s invasion of Ukraine in the first part of this quarterly letter. Being geographically closer to the conflict makes him well-suited to write about this war and its consequences. The second part of our newsletter will focus on the meme .... Continue Reading

January 19, 2022 Outlook for 2022 Dear Friend: Review of 2021 We wrote the following at the beginning of 2021: “The tug of war between greed and fear was definitely on display in 2020.” A similar situation occurred in 2021. The ample money supply in the financial system has raised the price of everything – including stocks, houses, cars, and daily consumable goods. .... Continue Reading

October 19, 2021 Opportunities Through Market Volatilities Dear Friend: As we are approaching the last quarter of 2021, we face many issues: the continuing pandemic, inflation, supply chain disruption, labor shortage, elevated government debt burden, China growth deceleration, and less predictable weather patterns. Almost every segment of society – the business communities, governments, healthcare professionals, and environmentalists – are all trying to figure .... Continue Reading

Longevity Planning July 19, 2021 Dear Friend: We often write about the markets, the economy, specific investment ideas, or strategic themes, but in this newsletter we want to focus on the planning solutions we implement day in and day out for the families we serve. It is our goal to provide financial peace of mind for you, and this extends beyond creating portfolios .... Continue Reading

How Noesis Looks at Sustainability April 18, 2021 How Noesis Looks at Sustainability Over the past year, we have received many inquiries about how to invest in sustainable companies. It was not until the ESG (Environment, Social, Governance) theme became a popular keyword in the media that investors started to correlate sustainability, social responsibility, and corporate governance to economic performance. For example, the S&P Global Clean Energy index .... Continue Reading

Outlook for 2021 and Beyond January 16, 2021 Dear Friend: We have finally arrived in 2021, leaving a year of anxiety and challenges behind us. The pandemic is not over, and many continue to suffer from health and financial issues. Despite this, investors still turned their attention away from pandemic development and returned it to the market. Such behavior is all too familiar .... Continue Reading

Client-Driven Evolution October 16, 2020 by Noesis Capital Management Dear friend, CLIENT-DRIVEN EVOLUTION We wish we were celebrating our 25th year in business with you right about now.  For those of you who could have made it to our headquarters in Boca Raton, we had planned on raising a glass and thanking you in person for being part of our success over the past 25 years.  .... Continue Reading

Sequential Improvement & Unprecedented Stimulus July 16, 2020 Dear Friend: As we write this, there have been close to 12,000,000 confirmed cases of COVID-19 in the world and over 540,000 worldwide deaths due to the virus. Through it all, our commitment to the well being and care of our clients, and our extended Noesis family, has remained resolute. As you know we have .... Continue Reading

Event-Driven Bear Market April 17, 2020 Dear Friend: We are living in extraordinary and unprecedented times. COVID-19 has altered our realities, changed our behaviors, and created new social norms. We very much understand the pain all of you are enduring. We owe a debt of gratitude to our clients who have sent words of appreciation, encouragement, caring, and support during this very tumultuous market .... Continue Reading

Outlook for 2020 and Beyond January 18, 2020 Dear Friend: In the face of many challenges, 2019 turned out to be a surprisingly rewarding year for investors. We were cautiously optimistic about the economy going into 2019 and maintained that opinion throughout the whole year. We acted when we had a firm conviction of the results. There were questions regarding the market valuation .... Continue Reading