We just released a significantly improved version of OmniFunds 2.
Here is a summary of the changes:

1. Market on Close Execution - Improves Profitability by as much as 100% by increasing gains and reducing draw downs!
2. Immediate Order Execution on Changes - Any change you make to an OmniFund (switching funds, allocation, etc.) can be made immediate.
3. Avoiding the Pattern Day Trading Rule - When changes are made, OmniFunds ensures that an Entry and Exit will not be made on the same day for any symbol.
4. Trade up to 200% on Margin - We now support trading full margin in OmniFunds 2
5. Symbol Issues Addressed - There was a problem with $VIX that was addressed (for Lab users)

Click here for a document that explains the changes.

In Ed's interview with OmniFunds creator Steve Byrne, Steve explains the concepts he applied to create his winning OmniFunds, including the use of Growth Metrics and Growth Since Earnings calculations.  He also explains why his OmniFunds trade fewer stocks to achieve maximum gains with low draw owns over time.

Click here to watch the video.

OmniFunds a was created in 2017 primarily as an ETF Switching Platform, which slowly evolved into a Stock-Switching platform over the next 6 years.  

The primary features added were:

1. The ability to use multiple Portfolios in an OmniFund
2. Risk Controls for exposure and Earnings Dates.
3. The ability to import Indicators from OmniTrader, using any Plug-In indicator available from Nirvana Systems.
4. Improved Statistical views (per timeframe)

Click here for a document that lists all changes.

OmniFunds 2 launches today!   In this overview video, Ed Downs explains what was added to the original platform to create OmniFunds 2, how legacy users can engage it and also about the new Premier Level that was made possible by the work of our Associates.

Click Here to watch the video.

It is with great pleasure that I am announcing the release of OmniFunds 2 - a new platform based on the original OmniFunds, but greatly enhanced based on what we have learned since OmniFunds 1 was released in 2017.

OmniFunds 2 is based on several new concepts:

Trading Multiple Portfolios.   The original site only allowed 2 portfolios, and allocation between them was fixed.  OmniFunds 2 spreads allocation across as many Portfolios as the OmniFund designer wants to include in the OmniFund

Avoiding Earnings Risk:   Every Portfolio can be set to have an Earnings Test, such that any symbol that is within X days of having an Earnings Report published will be avoided by OmniFunds.  Likewise, the software can wait for Y days after an Earnings Report to allow the stock to be traded.

Allocation Control:  OmniFunds 2 has a setting at the OmniFund Level that allows a maximum percentage per symbol to be specified.  This avoids cases where the user does not want to be allocated more than (say) 50% in any single position.  There is a counter argument that investing 100% in the best stock in the market is a viable approach, and evidence would suggest this is true.  But now, the OmniFunds Pro user can control this aspect of allocation to suite their requirements.

Condor Capital Wealth Management recently released their Robo Report for Q1 of 2024.  As with all other years we have investigated, the Robo Advisors continue to perform very poorly, compared to the overall stock market.  

In the middle of the Report is a table showing the main Robo Advisor performance for the past 5 years, 3 years, 1 year and Year to Date (Q1).  

Focusing on the SOLID GREEN line, we can see the average annual gain over the past 5 years was only about 6.5%.   

By contrast, the market was up an average of about 14% per year over the past 5 years, which is more than DOUBLE the Robo Returns. 

Here's an image of the Dow Jones Industrial ETF, DIA.

Year after year, the evidence continues to suggest you would be better off buying ANY market index ETF, such as SPY, QQQ, or DIA compared to investing in pretty much any Robo Advisor.  

Once again, we see that Robo Advisors consistently under-perform the major market indices.   As we say here at IFM,  "Returns Matter."  Because they do.

Visit Condor Capital Wealth Management for archived Robo Reports going back to 2017.  You can also click the link near the top of the page to download the latest edition.