Are you more like a stock or a bond? Gregg S. Fisher discusses the importance of thinking about the characteristics of your income stream (is it stable, or more volatile, e.g.?) in relation to your investment portfolio.

1. Applying Human Capital
to Investing (Part 1)

2. About Gerstein Fisher
• Investment management and advisory firm with 20-year track record of helping investors achieve their
financial objectives
• Independently owned
• Quantitative, research-based investment strategies
• Focus on after-tax, bottom-line returns
• Seasoned team of investment professionals and robust network of academic partners
• 75% of our clients come from referrals from existing clients
• Repeatedly named among Barron’s Top Advisors*
*Rankings and/or recognition by unaffiliated rating services and/or publications should not be construed by a client or prospective client as a guarantee that he/she will experience a certain
level of results if GERSTEIN FISHER is engaged, or continues to be engaged, to provide investment advisory services, nor should it be construed as a current or past endorsement of
GERSTEIN FISHER by any of its clients. Rankings published by magazines, and others, generally base their selections exclusively on information prepared and/or submitted by the
recognized adviser.
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3. Connect with Us and Learn More
www.GersteinFisher.com
linkedin.com/company/gerstein-fisher
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@GersteinFisher
youtube.com/user/GersteinFisher
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4. Important Disclosure Information
This is a publication by Gerstein, Fisher & Associates, Inc. an SEC registered investment adviser.
All material presented is compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. Past performance is not an assurance of future
results. This is not to be construed as an offer to buy or sell any financial instruments. All references to market performance was obtained from Bloomberg database.
Market indices referenced are unmanaged and representative of large and small domestic and international stocks and bonds, each with unique risks. Information about
them is provided to illustrate market trends and does not represent the performance of any specific investment. International investments may be subject to currency
fluctuations, potential political unrest, and other risks not associated with domestic investments. Remember, past performance may not be indicative of future results.
Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or
product made reference to directly or indirectly in this document, will be profitable or equal any corresponding indicated historical performance level(s). Diversification
cannot eliminate the risk of investment loss. Investments related to gold and other precious metals are considered speculative and are affected by a variety of world-wide
economic, financial and political factors. Due to various factors, including changing market conditions, the content may no longer be reflective of current opinions, positions,
or recommendations. Moreover, you should not assume that any discussion or information contained herein serves as the receipt of, or as a substitute for, personalized
investment advice from Gerstein, Fisher & Associates, Inc. Please remember to contact Gerstein, Fisher & Associates, Inc. if there are any changes in your financial
situation or investment objectives or if you wish to impose, add or to modify any reasonable restrictions to our investment advisory services. Diversification cannot eliminate
the risk of investment loss. Investments related to gold and other precious metals are considered speculative and are affected by a variety of world-wide economic, financial
and political factors.
In the event that there has been a change in a client's investment objectives or financial situation, he/she/it is encouraged to advise GERSTEIN FISHER immediately.
Different types of investments and/or investment strategies involve varying levels of risk, and there can be no assurance that any specific investment or investment strategy
(including the investments purchased and/or investment strategies devised or undertaken by GERSTEIN FISHER) will be profitable.
Information pertaining to GERSTEIN FISHER's advisory operations, services, and fees is set forth in GERSTEIN FISHER's current disclosure statement, a copy of which is
available from GERSTEIN FISHER upon request. Performance results have been compiled exclusively by GERSTEIN FISHER, and have not been independently verified.
GERSTEIN FISHER maintains all information supporting the performance results in accordance with regulatory requirements.
Securities offered through GFA Securities, LLC; Member FINRA; SIPC
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