Zero Waste Investing™

The less you waste, the more you have

The more you have, the more you make

Eliminating waste is never a bad idea
The lower your costs, in any form, the better
Compounding costs are the worst - typically "% of assets" fees
https://www.sec.gov/investor/alerts/ib_fees_expenses.pdf
There are ways to control costs and eliminate waste
If you pay compounding fees, negotiate low ones with caps
Make sure you get the lowest commission and interest rates
Invest in instruments that charge low or no management fees
To avoid taxes, set up the right account types
Trade less and tax-loss harvest
Deploy hedging tactics to control tax timing

Zero Waste Investing™ via a custom Index+5™ portfolio prevents waste
Index+5™ portfolios are inspired by Vanguard founder John Bogle and Berkshire Hathaway Chairman Warren Buffett
An Index+5™ portfolio buys and holds virtually zero cost ETFs and single stocks

John Bogle pioneered low fee passive index investing to eliminate the "tyranny of compounding costs"
Passive index investments 1) impose minimal fees 2) create minimal tax obligation and 3) reliably match index returns
Actively managed funds 1) impose meaningful fees 2) create tax obligations via portfolio turnover 3) typically fail to match index returns

Warren Buffett credits his success over six decades to "about a dozen truly good decisions" about single stocks (2022 Berkshire Hathaway Shareholder Letter)
Single stocks allow an investor to directly participate as a partner in a business
This entails high levels of business specific risk that can result in large losses, but a "fabulous business" can create N-fold gains that produce wealth

A custom Index+5™ portfolio starts with low cost Index ETFs that deliver virtually 100% of the market return
It may also include a handful of +5 Stock™ investments that are believed to be "truly good decisions"
A +5 Stock™ is chosen carefully and bought with a loss-controlling budget to limit the cost of unfavorable outcomes

DISCLOSURE

WARRANTIES & DISCLAIMERS

There are no warranties implied.

Asylum Trading (“RIA Firm”) is a registered investment adviser located in Tower Lakes, Illinois. Asylum Trading may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. Asylum Trading’s web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of Asylum Trading’s web site on the Internet should not be construed by any consumer and/or prospective client as Asylum Trading’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by Asylum Trading with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of Asylum Trading, please contact the state securities regulators for those states in which Asylum Trading maintains a registration filing. A copy of Asylum Trading’s current written disclosure statement discussing Asylum Trading’s business operations, services, and fees is available at the SEC’s investment adviser public information website – www.adviserinfo.sec.gov or from Asylum Trading upon written request. Asylum Trading does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Asylum Trading’s web site or incorporated herein, and takes no responsibility therefor. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

This website and information are provided for guidance and information purposes only. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy. This website and information are not intended to provide investment, tax, or legal advice.

No compound fees No commissions No commitment

“The magic of compounding returns is overwhelmed by the tyranny of compounding costs...” What to do? “Get Wall Street out of the equation. Get trading out of the equation. Get management fees out of the equation. You own American business and you hold it forever.”

Zero Waste Investing™

"In 58 years of Berkshire management ... Our satisfactory results have been the product of about a dozen truly good decisions ... The lesson for investors: The weeds wither away in significance as the flowers bloom. Over time, it takes just a few winners to work wonders."

DISCLOSURE

No compound fees No commissions No commitment

“The magic of compounding returns is overwhelmed by the tyranny of compounding costs...” What to do? “Get Wall Street out of the equation. Get trading out of the equation. Get management fees out of the equation. You own American business and you hold it forever.”

Zero Waste Investing™

"In 58 years of Berkshire management ... Our satisfactory results have been the product of about a dozen truly good decisions ... The lesson for investors: The weeds wither away in significance as the flowers bloom. Over time, it takes just a few winners to work wonders."

DISCLOSURE

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