Commentary

Many investors buy and hold the un-managed S&P 500. The buy and hold strategy, by definition is exposed to market risk 100% of the time, and lacks protection against volatility. In both the 2000-2003, and 2008 bear markets, many buy and hold investors lost 40% or more of their investment, and often waited years to get back to even.

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LGM Capital Management LLC

2325 E. Camelback Rd Suite 400

Phoenix, Arizona 85016

Email: LGMCapManagement@gmail.com

This commentary is for informational purposes only, and should not be considered investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but are not assured as to accuracy. LGM Capital Management LLC accepts no responsibility for errors or omissions of the information contained herein. There is neither representation nor warranty as to the current accuracy of, nor liability for, decisions based on such information.

LGM Capital Management LLC does not manage individual investor accounts. The firm provides advisory services strictly to LGM Risk Managed Total Return Fund, an SEC Registered mutual fund; ticker symbol: LBETX.

Investors should consider the investment objectives, risks, charges and expenses of the fund carefully before investing. The prospectus contains this and other important information about the Fund. The prospectus should be read carefully before investing. For a current Prospectus, call 1-844-655-9371 or Click here.

The LGM Risk Managed Total Return Fund is distributed by Northern Lights Distributors, LLC, member FINRA/SIPC.        LGM Capital Management LLC is not affiliated with Northern Lights, Distributors, LLC.

For more information, please refer to our Investment Adviser Form ADV: Click here

8046-NLD-10/09/2020