Markets have sharply declined this year and volatility has been at extreme levels. We believe its an overreaction and see markets stabilizing in the near future. The U.S. economy is strong and we believe any concerns about it being impacted by China and or weak oil prices are over rated. We believe that algorithmic trading and the removal of the uptick rule have played a role.
What a week! It is in a week like this that we get tested on our investment convictions leading to second-guessing our choices. With the abundance of news outlets chronicling the decline, we see a plethora of red, and green seemingly endangered. This may lead to us to kicking ourselves, as hard-earned money has been lost. Read more about our view on holding steady in investments positioned for the long term.
NUKU today announced that they are changed client custodians to Interactive Brokers LLC. NUKU expects that the change will result in improved client trade execution and greater access to global markets.
The biggest question I'm asked is, why NUKU? I smile, because I just love the opportunity to explain what we've envisioned, designed, built and are now just about to launch in NUKU. The simple response is, we're basically investment management on the web. But for so many more reasons, we've ended up discovering that we could offer more capabilities than the investment management industry has ever offered, and now to be able to offer it to even more people.
The full launch of our service will happen in the first quarter of 2014, with a limited-launch open to existing Simulation account users commencing shortly. We are excited to get going and to have clients experience our innovative platform for managing investment accounts. Share our follow link with others you think might be interested in NUKU: https://nuku.com/followers/new.
Our beta simulation has been going great. The number of clients continues to grow, and we are now managing simulation accounts (these are paper-only accounts) with a wide variation in strategies and investments. We are even seeing clients open more than one account to likely test different strategies. Our plan is to keep the beta simulation open indefinitely, at least until we launch our public service, which will be later this year.
NUKU's money management service is now in Beta. It is fully-functional, but the beta is a simulation of the service, with no actual money involved. Clients can set up accounts, create Plans, and get an individually-tailored investment portfolio, that will be actively-managed for them.