Don’t let unavoidable risks keep you out of the market

Control the ones you can and returns become much more predictable.

Most of the risk to an investment portfolio comes from

The Investor

Human error, impatience and arrogance explain most of the gap between actual realized returns and that of a passive stock index. Active managers who try to predict future events are routinely wrong and those that are randomly right, can’t do it again. Any claims to the contrary should be considered marketing hype.

Low Risk Portfolios

By limiting stock investments to only those S&P 500 companies that have 1) the most attractive profit margins and 2) a long track record of highly predictable cash flows, we set he stage for the best likelihood that future portfolio returns will also be predictable.

Pre-determined Risk Levels

Each client’s account is mapped for future cash needs and invested in Treasury bonds that mature when the cash is needed. Only dollars in excess of that need are invested in stocks.

We Work to Minimize Your Expenses

We have recommended that you use Schwab Institutional to custody your account and to execute our orders. We take advantage of the commission-free trading and limit turnover by holding stocks for the long run. Your investment advisory and custodial expenses are spelled out in their respective agreements and while varying with account size, fall between .30% and .50% per year.


We Should Expect Better

Best Practice Company Indexes Highlighting companies who have adopted policies that reflect community values.

Sandpiper Best Practice Governance Screens vs. S&P 500

Choose Those Companies that choose to acknowledge their responsibility to the community.

“Gleanings”

Sandpiper Capital’s Quarterly Economic and Market Commentary

January 2025

“Celebrity managers who made magazine covers and had feature articles about their past performance have seen their flagship funds get trounced as their future performance came to pass”

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Sandpiper Capital

Senior Manager of Sandpiper Capital.

Thomas Lukic Senior Portfolio Manager Sandpiper Capital

Thomas Lukic – Senior Portfolio Manager, CFA

 

Thomas Lukic Biography

Founding partner and managing member, Tom is a Chartered Financial Analyst as well as a Portfolio Manager. He has had primary investment responsibility for assets totaling in excess of $500 million for individuals, non-profits, and corporations.

Beginning his career with A.G. Edwards, he served as an outside advisor to a Virginia Bank Trust Department, a VP with the Asset Management division of a regional bank and as a partner in a regional independent Investment Advisory firm. His community activities have included serving in various volunteer capacities over the last two decades with United Way Of South Hampton Roads, most recently as 2012 Board Chair; serving as a founding member of Amnesty International’s Hampton Roads chapter; judging and coaching local elementary school children in annual Odyssey of the Mind competitions and providing stock market games and creativity coaching to elementary school classes.

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