It is with great pleasure that I am announcing the release of OmniFunds 2 - a new platform based on the original OmniFunds, but greatly enhanced based on what we have learned since OmniFunds 1 was released in 2017.

OmniFunds 2 is based on several new concepts:

Trading Multiple Portfolios.   The original site only allowed 2 portfolios, and allocation between them was fixed.  OmniFunds 2 spreads allocation across as many Portfolios as the OmniFund designer wants to include in the OmniFund

Avoiding Earnings Risk:   Every Portfolio can be set to have an Earnings Test, such that any symbol that is within X days of having an Earnings Report published will be avoided by OmniFunds.  Likewise, the software can wait for Y days after an Earnings Report to allow the stock to be traded.

Allocation Control:  OmniFunds 2 has a setting at the OmniFund Level that allows a maximum percentage per symbol to be specified.  This avoids cases where the user does not want to be allocated more than (say) 50% in any single position.  There is a counter argument that investing 100% in the best stock in the market is a viable approach, and evidence would suggest this is true.  But now, the OmniFunds Pro user can control this aspect of allocation to suite their requirements.

Condor Capital Wealth Management recently released their Robo Report for Q1 of 2024.  As with all other years we have investigated, the Robo Advisors continue to perform very poorly, compared to the overall stock market.  

In the middle of the Report is a table showing the main Robo Advisor performance for the past 5 years, 3 years, 1 year and Year to Date (Q1).  

Focusing on the SOLID GREEN line, we can see the average annual gain over the past 5 years was only about 6.5%.   

By contrast, the market was up an average of about 14% per year over the past 5 years, which is more than DOUBLE the Robo Returns. 

Here's an image of the Dow Jones Industrial ETF, DIA.

Year after year, the evidence continues to suggest you would be better off buying ANY market index ETF, such as SPY, QQQ, or DIA compared to investing in pretty much any Robo Advisor.  

Once again, we see that Robo Advisors consistently under-perform the major market indices.   As we say here at IFM,  "Returns Matter."  Because they do.

Visit Condor Capital Wealth Management for archived Robo Reports going back to 2017.  You can also click the link near the top of the page to download the latest edition. 

Eric Severance is an esteemed partner of Nirvana Systems, Inc. and Intelligent Fund Management.  He has pioneered many concepts in our platforms, including OmniVest.  Eric is currently working on an OmniFund that uses Historical Lists he has created and maintained in OmniVest.  Watch for its emergence in OmniFunds2!

- Intelligent Fund Management

OmniFunds by Stephen G. Byrne.  Steve has been an avid user and contributor on OmniFunds since it was first released in 2016, and been highly instrumental in the testing of OmniFunds 2 in 2024.  He performed thousands of hours of research to develop the two OmniFunds that have been released in OmniFunds 2, NAS100 Medium Growth and NAS100 Safe Harbor.  Below are his descriptions of each.  - The OmniFunds 2 Team

Performance as of May 15, 2024.   
Click here for recent performance.

About NAS100 Medium Growth

"This OmniFund is designed to capitalize on the explosive growth potential of FANG-like stocks. It is comprised of a selection of High-Cap. stocks from the NAS100 Index List. The average annual growth over the last fifteen years is over 50%.

The selected stocks are stocks with a proven track record. Top-performing stocks showing signs of short-term downtrends are promptly replaced. During market-wide downturns, the Market-State filter ensures that investments remain protected.

The selected stocks are High-Cap. Stocks which are less prone to whipsaws, nevertheless, protection is added to avoid high growth spikes or big sell offs that typically appear at Earnings Dates.

This OmniFund highlights the benefits of compounding; the results since 2019 have been outstanding. The Omnifund blew past the market downturn of 2022."

- Stephen G. Byrne

IFM Disclaimer:   Before engaging any OmniFund, potential investors are urged to review the Explore Page to examine the historical trades so they understand the types of symbols and allocations that are used in the OmniFund.

Performance is as of May 15, 2024.
Click Here for recent performance.

About Safe Harbor

"For those seeking a conservative approach without compromising on potential gains, this Medium Growth Omnifund is the perfect choice. It is designed with a focus on robustness and safety.

The selected stocks are High-Cap. Stocks which are less prone to whipsaws, nevertheless, protection is added to avoid high growth spikes or big sell offs that typically appear at Earnings Dates.

Stability is prioritized in this Omnifund while still offering opportunities for significant short-term gains, especially during market uptrends.

This Omnifund will give you peace of mind, knowing your investments are safe. Drawdowns are limited, as are market downturns."

- Stephen G. Byrne

IFM Disclaimer:   Before engaging any OmniFund, potential investors are urged to review the Explore Page to examine the historical trades so they understand the types of symbols and allocations that are used in the OmniFund.