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FAQ

Who is Reppond Investments, Inc?

Reppond Investments, Inc. was founded by Ben Reppond to advise clients on selecting securities-backed investment opportunities that comply with the firm’s risk-averse portfolio management policy.

The investment advisory business often neglects to disclose adequately the risks versus potential rewards about their products and services to individual investors.  Ben Reppond is determined to deliver superior investment advice and products while completely disclosing any known and potential risks to the individual investor. He does this through seminars and newsletters, and through the resources found on this website.  Ben is also willing to meet individually with potential clients to discuss their financial needs and goals in light of current and future potential market risk.

Ben formed his own Registered Investment Advisory (RIA) firm, Reppond Investments, Inc., in order to achieve a level of independence in the advice he provides and in the breadth of investment products and services he uses to help his clients.

Founder Ben Reppond earned his reputation for professional integrity and fiscal soundness during his decades long career in the financial services industry. Ben was named as a Washington State Insurance Commissioner appointed member of the Board of Advisors. He also built one of the largest employee benefits advisory firms in the United States, serving such local organizations as Overlake Hospital, the Bill and Melinda Gates Foundation, Coinstar, T-Mobile, and the Bellevue School District. Reppond Investments, Inc. is headquartered in Bellevue, Washington.

What does being a ''Registered Investment Advisor'' mean?

A Registered Investment Advisor is an advisor or firm engaged in the investment advisory business and registered with either the Securities and Exchange Commission (SEC) or the state securities authorities. A Registered Investment Advisor is defined by The Investment Advisers Act of 1940 as a “person or firm that, for compensation, is engaged in the act of providing advice, making recommendations, issuing reports or furnishing analyses on securities, either directly or through publications.” An investment advisor has a fiduciary duty to his or her clients, which means that he or she has a fundamental obligation to provide suitable investment advice and always act in the clients’ best interests.

Registration of an investment advisor is not meant to denote any form of recommendation or endorsement by the SEC or by state securities regulators. It simply means that the investment advisor has fulfilled all of the requirements for registration as an investment advisor.

What does “Fiduciary Duty” mean?

A fiduciary duty is a legal responsibility to act solely for another party’s best interests. Parties “owing this duty” are called fiduciaries. The individuals to whom they owe a duty are called principals.

Indeed, the fiduciary duty is the highest standard of care in either equity or law. A fiduciary is expected to be extremely loyal to the person to whom he owes the duty (the “principal”): such that there must be no conflict of interest between the fiduciary and the principal, and the fiduciary must not profit from his position as a fiduciary without the consent of the principal.

What kind of research took Ben 10,000 hours?

Seeking consistent investment returns with low downside risk may seem easy, but it is difficult to achieve. Developing a strategy with the goal to achieve consistent returns while minimizing risk took many hours of disciplined study and research.

In his research, Ben found many differences between the thinking and strategies of the average financial planner and those who manage money for the wealthy.  In light of his findings, he narrowed his focus to the methodologies used by the wealthiest investors.  In his study, he looked for confirmation of thinking among those investment managers with the best reputations.  He then had software built to test his ideas until the soundest and most risk-averse strategies emerged.

There is likely no shortcut to developing a sound methodology that is designed to achieve consistent returns in the stock market.  For Ben, as it would be for anyone, it took more than 10,000 hours.  His research continues today.

How did Ben arrive at investment strategies with such attractive investment returns?

There are two keys to the development of these investment strategies.  One, Ben was not willing to accept conventional wisdom that traditional “buy and hold” investing was the best answer.  Without getting too technical, conventional wisdom says that “buy and hold” investing is superior to other forms of investing.  Ben believes this to be untrue.  He holds that valid and effective ideas can still be discovered.

Secondly, Ben has been willing to spend the time necessary to find and test solid and logical ideas in developing his risk-averse investment strategies.  Most financial planners and money managers must run businesses and have neither the time, energy nor commitment necessary to do the research needed to make discoveries that lead to low risk investment strategies.

These are the two elements differentiate Ben from other investment managers.

The posted strategies are based on simulation. What does that mean?

All of these strategies are designed based on known historical stock market data – whether they are “buy and hold” or actively managed strategies.  These strategies are based on historical data in determining their construction and in the simulations used to determine performance.  Ben designed his strategies using historical data and simulated formulas around the use of that data.  Please be clear – Reppond Investments, Inc. completely acknowledged that the performance output from the simulations should not be used to make projections about future performance.  The designs used are for illustrative purposes only.

In the simulations (and in real time) there are time periods when cash is used partially or completely to avoid downside stock market risk.

How does Reppond Investments, Inc. attempt to minimize investment risk during “bear market” conditions?

Actively managed strategies used by Reppond Investments, Inc. utilize cash as a defensive tool.  Through a computerized, formula-driven, mechanical model for active management, our actively managed strategies are designed to remain in money market funds during times of increased risk, and based on certain signals, to enter the market for short periods of lower risk – which we believe allows us to capitalize on the opportunity for gains. When risk increases, we return to money market funds to “wait” to enter the market until there is another signal – a lower risk opportunity. These strategies are constructed such that they operate similarly in both “bull” and “bear” market conditions.  This technology allows us to be guided without any emotional component.

What advice does Ben give to help one protect against high - or hyperinflation?

Ben believes that hyperinflation has always been the end result of excessive printing of currency without hard assets backing the currency.  Historically, all world economies have eventually collapsed under these conditions.  It seems that politicians tend to ignore history, which may be our best instructor.  World governments are buying gold today in record amounts as the preferred strategy for countering the risks associated with the excessive printing of paper money.  Ownership of actual gold and silver is one of the best known safeguards against the recklessness of central bankers and politicians who insist upon devaluing the currency by printing more money.

Therefore, using some allocation of gold and/or silver can be used as a strategy to hedge amidst these uncertainties.  Ben will recommend an allocation of monies best suited for the details of a client’s particular situation.  He will also provide information about ways to purchase and store physical gold and silver. Please keep in mind, all information and ideas should be discussed in detail with your individual adviser prior to implementation. Or take this opportunity to set up a meeting with Ben.

The many articles posted on this website can give an investor additional education about how gold and/or silver may be useful for his or her individual situation.

*Investing in precious metals, like gold and silver bars,  is subject multiple risks and is not suitable for all investors. The precious metals market is speculative, unregulated, volatile and prices for these items may rise or fall over time.

How can I receive the reports from Reppond Investments, Inc. and the details of available services?

Interested investors are encouraged to contact Ben Reppond at Reppond Investments, Inc. by calling (425) 891-1388.  Another option is to use a complementary consultation for information on investment strategies that meet the high investment standards of Reppond Investments, Inc.