We take a decidedly personal approach to investing at LBA. Instead of trying to steer clients into a fixed set of least-common-denominator model portfolios, our team builds a distinct custom portfolio for each client, based solely on what they want and need.
Our investment philosophy is built on a bottom-up equity analysis approach. We handpick individual stocks and bonds to build client portfolios; we do not utilize mutual funds or ETFs. We feel it’s crucial for investors to know what they own and why, and this is only possible when each security is individually researched and selected with purpose.
Of course, choosing individual stocks has the added benefits of eliminating a wasteful layer of management fees and allowing greater control over capital gains and income streams, but our ultimate aim is to ensure that clients only hold investments that fully reflect their goals and preferences.
In choosing securities, we don’t rely on Wall Street insiders, but conduct our own independent, rigorous research of markets, trends, and companies. Our detailed analysis identifies companies that have positioned themselves for long-term growth by using financial resources wisely, making sound management decisions and innovating to improve products and services.
LBA Monthly View | September 2023

– Notable: Fed announcement, US imports from Mexico, home builder pressures
– Company Highlights: Vontier, Canadian National Railway, Johnson & Johnson, Amazon, Ecolab
– ON Our Minds: Market breadth
POSTED IN: LBA Monthly View
LBA Monthly View | August 2023

– Notable: Vacation trends, US 10-year yield, Drug pricing, ChatGPT
– Company Highlights: Canadian National Railway Company, Henry Schein, Inc., Amazon, Vontier, Tyler Software
– ON Our Minds: Is an economic slowdown and recession still inevitable?”
POSTED IN: LBA Monthly View
LBA Monthly View | July 2023

– Notable: Back-to-school shopping, Government debt, Commercial real estate
– Company Highlights: Amazon, Microsoft, Visa, Thermo Fisher Scientific
– On Our Minds: Perspective on Acquisitions
POSTED IN: LBA Monthly View
LBA Monthly View | June 2023

– Notable: Interest rates, IPO mania, car dealer inventories
– Company Highlights: The Home Depot, Amazon, Nvidia, Apple
– On Our Minds: The Shadow Banking System
POSTED IN: LBA Monthly View