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Welcome to a Web page that shows how the National Association of Online Investors (NAOI) is changing the way investing works today to make it simpler, less risky and more profitable for individual investors. Developed by the NAOI based on a multi-year research effort, this is a change that will bring thousands of people into the market with confidence and without fear - significantly expanding the prospect and client base of the financial services industry.

Change comes in the form of an innovative approach to portfolio design and management that we call Dynamic Investment Theory (DIT). It sets the logic for the creation of an innovative investment type called Dynamic Investments (DIs) that are capable of changing the equities they hold based on a periodic sampling of equity price trends. By doing so they are able to produce returns that are significantly higher than almost any MPT portfolio in all economic conditions, with lower risk and no active management required.

You will learn about DIT and DIs on this page with more detail available via links to other pages on this site.

The NAOI will be teaching this new approach to the investing public via our extensive education channels beginning in the fourth quarter of 2020 and investor demand for it will grow. Advisors and financial organizations that understand and embrace the use of Dynamic Investments and Dynamic Portfolios first will hold a massive competitive advantage over those that don’t. The NAOI shows you how via the support resources discussed at the bottom of this page.

Introductions

Leland Hevner, president of the NAOI - click the picture for more information

Leland Hevner, president of the NAOI - click the picture for more information

Hello. My name is Leland Hevner. I am the President and founder of the National Association of Online Investors (NAOI) an organization I founded in 1997 with the mission of empowering individuals to invest with confidence via education and the use of online resources.

Over the course of two decades we have become the market’s premier supplier of investing education to the public. Thousands of individuals have taken our online courses, read our published books and/or attended our college classes. As a result, we are a major influencer of how the public invests today and the financial organizations they select to work with.

We are currently in the process of changing our education content to include the use of Dynamic Investments and Dynamic Portfolios. These are market-sensitive investments that will define the future of investing. You will learn about both on this page.

The Need for Change

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For over a decade after our founding, the NAOI taught Modern Portfolio Theory (MPT) methods as the only option for the design and management of investment portfolios. This theory dictates that portfolios be designed to match the risk tolerance of each investor via asset allocation techniques and then they are to be bought and held for the long-term. MPT has been the industry standard for portfolio creation since 1952.

2008-2009, the Catalyst for Change

However, following the stock market crash of 2008-2009 and the significant losses suffered by the MPT portfolios we were teaching students to create, I realized that MPT methods were dangerously outdated. While markets had changed significantly over the past 6+ decades, MPT had barely changed at all; and it couldn’t cope with modern, more volatile markets.

Based on this observation, in 2010 I paused all NAOI education classes and refocused NAOI resources on finding a new approach to portfolio design and management; one that worked better in 21st century markets . For this purpose I opened the NAOI Research and Development Division with the goal of finding and developing an alternative to, or a supplement for, Modern Portfolio Theory.

Defining Change

The NAOI set the following goals for a new approach to investing.

  1. It would have the universal goal of maximizing returns and minimizing risk in all economic conditions - a goal that works for all investors regardless of their risk profile

  2. It would be designed based on meeting the wants and needs of the investing public, not on decades-old academic theories such as MPT

  3. It would have a built-in trading plan, using objective observations of market data to capture market gains and to avoid losses.

  4. It would provide investors with absolute protection from stock market crashes - eliminating a major reason why individuals are afraid to invest today.

  5. It would be developed using strict scientific methods

Following a multi-year R&D effort using extensive input from the investing public, we created an approach that met all of the above criteria, and more, in the form of Dynamic Investment Theory (DIT) as discussed next.

Introducing Dynamic Investment Theory (DIT)

It was immediately obvious to us that MPT met none of the above goals so we started the research process with a blank slate, unconstrained by MPT methods. First we identified two major problems with the way investing works today and why individuals are losing faith in how they are being told to invest. They are as discussed just below.

The Problems with MPT Methods

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  1. The Creation of “Static” Portfolios - The buy-and-hold portfolio management strategy used by MPT methods creates static portfolios with no sensitivity to market changes. As a result their value moves up and down at the whims of the market and they are dangerously vulnerable to market crashes. MPT provides no trading plan to either take profits or to avoid losses.

  2. A Massive “Human-Risk” Element - MPT portfolio design and trade decisions are based on human subjective judgments. As a result these portfolios are subjected to a vast element of “human risk” that can include the use of bad data, incorrect analysis, sales bias and even scams and fraud. As a result, today the effectiveness of a portfolio is heavily dependent on the competency and integrity of the advisor an investor chooses to work with. In the opinion of the NAOI, this is an unacceptable variable.

To eliminate, or at least mitigate, these problems we needed to think differently about how investing works. Do to so, we turned our attention to the field of Investing Quantitative Analysis; the study and analysis of investing market data. Here we focused on market and asset-class price-trends. Our study of hedge-fund methods, that have used price-trend analysis for decades to produce astounding returns, showed us that past price-trends have proven predictive power for future price trends. We saw that by using objective observations of market data to make decisions, we could solve both of the MPT problems listed above.

The Foundation of Dynamic Investment Theory

Our study of historical price-trend data revealed to us the following empirical observations that served as the foundation for our new approach to investing:

1 - The prices of asset-classes and market segments are cyclical, moving up and down at regular intervals.

2 - Prices of different asset classes and market segments move up and down at different times as illustrated below. From this observation we could infer that at all times, in all economic conditions, positive returns exist somewhere in the market

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3 - Price trends have relatively long life-spans - historical data showed us that bull market / up price trends last an average of 72 months and bear market / down price trends last an average of 14 months as illustrated below.

 
source: the capital group

source: the capital group

 

Using these observations, we formed the hypothesis that a new investment type could be created that is capable of detecting the price trends of various assets classes and market segments and buying only into uptrends while avoiding, or quickly selling, downtrends. By doing so, we predicted that this new investment type could produce returns significantly higher with lower risk, in all economic conditions, than MPT portfolios that hold both uptrending and down trending equities at all times.

Success - A New Theory and a New Investment Type

Based on extensive testing of a variety of new investment prototypes, we found one that showed our hypothesis to have a high probability of being correct, and with this discovery Dynamic Investment Theory (DIT) was born. We called the new genre of investments that DIT creates NAOI Dynamic Investments (DIs). They work as discussed below,

An Illustration of How Dynamic Investments Work

The charts below show a very simplified example of how DIs work. The top chart shows the price trends of two uncorrelated assets classes - Stocks and Bonds - that cycle up and down in price at different times. In this example the DI uses Index an Exchange Traded Fund (ETF) to track each asset class.

The vertical lines on the chart represent “Review Events” when the DI samples the price trend of each ETF and buys, or retains if already owned, the ETF that tracks the asset type trending up in price. At the bottom of each Review line is the asset purchased, S=Stocks, B=Bonds, and held until the next Review. The bottom chart shows how the value of this DI constantly increases over time. The only exception was a very brief period when the asset-class price trends reversed and the currently held DI began a significant drop in price. At that point a Stop-Loss Order triggered a sale of the ETF owned and the DI went to Cash until the next Review Event when it purchased the Bond ETF.

 
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Of course in the real world, asset types do not move up and down in the perfect manner shown in the top chart. During uptrends there are always price dips and during downtrends there are upward price spikes. The NAOI has developed proprietary methods for avoiding these short-term price movements in long-term price trends. These methods make price-trend following simple, profitable and safe for use by individual investors and/or their advisors. By doing so, the NAOI has integrated Quantitative Analysis into the world of mainstream investing.

A DIT / MPT Performance Comparison

To illustrate the performance power of Dynamic Investments the table below shows the performance of the simple Dynamic Investment discussed above that holds only one ETF at a time as compared to an MPT portfolio using the same ETFs, but holding both at all times with a 50% allocation to each. The time period used is from 2008-2019, a period that included a major market crash and an unprecedented bull-market run.

 
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How did the DI produce such high returns? One of the main reasons is that all DIs use a new portfolio diversification element that the NAOI has labeled “time-diversification”. It results from the DI being able to change the ETF it holds based on periodic Reviews of price trends of the ETFs in its DEP. Time-diversification makes investments and portfolios “market-sensitive” and capable of far higher performance than static MPT portfolios that hold both winning and losing investments at all times. DIs are designed to hold ONLY winning investments and this makes a huge difference.

click to go to the NAOI Store

click to go to the NAOI Store

The Dynamic Investment Theory Book

A detailed description of Dynamic Investment Theory, Dynamic Investments and Dynamic Portfolios is found in the “Introducing Dynamic Investments ” book pictured at right. It is available for purchase in the NAOI Store found at this link.

Readers of this short and easy-to-read book will not only gain an understanding of this new approach to investing but will also be able to take advantage of simple but powerful Dynamic Investments immediately after finishing the last chapter.

This book will soon be “required reading” for financial advisors and organizations that are creating a strategic plan for developing new, better products, expanding their client base and increasing revenues.

The Unique NAOI Dynamic Investment (DI) Structure

An unlimited number of DIs can be created to meet a full spectrum of investing goals. But all will have the components shown in the following diagram with explanations for each component listed below it.

The Dynamic Investment Components

 
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  • Dynamic Equity Pool (DEP) – Defined by a DI Designer, these are the ETFs that will be ranked periodically to find the one having the strongest price uptrend. This is the one ETF that is bought and held until the next Review event.

  • Review Period – This is how often the ETFs in the DEP are ranked by price trend and the one owned by the DI changed if needed.

  • Price Trend Indicator – This is the price trend indicator that the NAOI has found to work exceptionally well for ranking the ETFs in the DEP.

  • Trailing Stop Loss Order (TSL) – A TSL order is placed on each ETF purchased by the DI to protect its value from sudden and significant price drops during its short holding period between Review events. This component provides DIs with absolute protection from market crashes.

Dynamic Investments represent a truly evolutionary change to investing. They are unlike any investment type that exists in the market today. DIs are a comprehensive investments, not only specifying the equities to work with but also having a built-in trading plan for profitably managing these equities in a manner that produces high returns with low risk in all market conditions.

As a result, they can be seen as the market’s first and only “plug-and-play” portfolio product that individuals can buy and hold for the long-term while the DI signals trades as needed to maximize performance. And signals trade signals are generated with no human judgments needed meaning that DI management can easily be automated. This unique investment type is the beginning of the productization of investing that the NAOI believes will define the future of investing.

An Enhanced Dynamic Investment Performance Example

Above on this page you saw the incredible performance of a DI that rotated only between one Stock ETF and one Bond ETF. But by simply adding one additional Stock ETF to the DEP of this Dynamic Investment, returns were even higher for the time period used.

The Table below shows the performance of this “enhanced” DI that rotates between two Stock Market ETFs (as opposed to the one Stock ETF used in the example presented above) and one Bond Market ETF based on a quarterly sampling of the price trends of each. Shown are this DI’s returns for the 12-year period from the start of 2008 to the end of 2019 with average returns and Sharpe Ratios shown in the bottom two rows. The DI performance is compared to an MPT, buy-and-hold portfolio having a 60% Stock ETF allocation and a 40% allocation to the Total Bond ETF allocation.

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By being market-sensitive and having a built-in, automated trading plan, this simple DI was able to avoid the losses of the 2008-2009 subprime mortgage stock market crash by quickly switching its holding from the Stock ETF to the Bond ETF. Then, in 2010 it rotated back to the Stock ETF to take full advantage of the subsequent Bull Market . Note that not only were the returns of the DI over three times higher than the MPT portfolio for this period, it delivered this performance with less than half the risk as shown by the higher Sharpe Ratio.

The Dynamic Investment User’s Manual

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The NAOI will begin teaching the design and use of Dynamic Investments in the fourth quarter of 2020 throughout our education channels where it can reach thousands of individuals. And the book shown at right, that also teaches this new dynamic approach to investing, will also be available on Amazon where it can reach millions..

This short and easy-to-read book teaches average people with money to invest how to create, implement and manage their own simple, but powerful, DIs. Most individuals, however, will prefer to work advisors to implement DIs and Dynamic Portfolios and they will look for advisors and financial organizations that offer them. The NAOI offers consulting services and partnerships that show investing professionals how to take full advantage of these new investment types.

If individual investors can’t find any advisors that offer them, they will be fully capable of implementing and managing the DIs and Dynamic Portfolios using an online broker. The User’s Manual shows them how.

The NAOI Dynamic Portfolio (DPort)

It is important to make clear at this point that the NAOI is not advocating that DIT methods completely replace MPT methods. They work quite well together in a new portfolio type we call NAOI Dynamic Portfolios (DPorts) as described below.

While a single DI, such as the ones used in the above examples can be the only investment in a person’s portfolio, the NAOI knows that people are not comfortable allocating all of their money to one ETF at a time. And this is understandable. So we created a new portfolio type called Dynamic Portfolios (or DPorts) to address this issue.

DIs can easily be added as building blocks in a traditional MPT portfolio to create a DPort as illustrated in the diagram below. DI building blocks make an MPT portfolio dynamic, intelligent, market-sensitive and far more effective than the static and “dumb” investments that they are today.

 
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The diagram shows that DPorts contain both a DIT-based, buy-and-sell Segment, as well as a MPT-based, buy-and-hold Segment. A portfolio designer determines the allocation of money to each Segment in order to meet the specific needs of a client. Individuals are more comfortable owning this type of portfolio configuration that will hold two or three ETFs at any one time instead of just one as is the case with a Dynamic Investment. However, testing has shown that higher allocations to the DIT Segment produce higher returns with lower risk.

A Simple DPort Performance

A DPort with a 50% allocation to the Dynamic Investment, 30% to the buy-and-hold Stock ETF and 20% to the Bond ETF produced the following performance for the period from 2008-2019 as compared to an MPT portfolio:

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More information about Dynamic Portfolios is found at this link.

The Use of Four Portfolio Diversification Factors !

A major reason why this, and all Dynamic Portfolios, perform so much better than today’s MPT portfolios is that while MPT portfolios use two diversification factors, DPorts use four, making them far more powerful and effective investments. These diversification factors are:

  • Company Diversification - via the use of ETFs (used by MPT and DIT portfolios)

  • Asset-Class Diversification - by working with multiple asset classes (used by MPT and DIT portfolios)

  • Time Diversification - arising from the DI’s periodic Reviews and changes in the equities held (used by DPorts only)

  • Methodology Diversification - arising from DPorts using both MPT buy-and-hold methods and DIT buy-and-sell methods (used by DPorts only)

It should be noted that the first two diversification elements listed above, used by both MPT and DIT, reduce risk but also reduce returns. Diversification elements 3 and 4, used only by DPorts, not only reduce risk but also enhance returns! The use of four diversification elements in a portfolio is truly an evolutionary step forward in the world of investing.

There Will Be Skeptics

As you read the information on this page you may have doubts. I would if reading it for the first time. To address these doubts an entire chapter in the “Introducing Dynamic Investment Theory” book, pictured above, is dedicated to this topic. Below are the top reasons why people tell us that DIs can’t possibly work and a summary of our response to each:

  1. The use of DIT methods will result in short-term capital gains taxes. Yes, the DIT buy-and-sell strategy will result in holding equities for less than a year, resulting in short-term capital gains taxes. There are two reasons why this is not a problem. First, most investing done by the public today is in retirement accounts in which short-term capital gains do not apply. Second, the significantly higher returns produced by DIs and DPorts, as illustrated in the examples above, more than make up for any additional taxes.

  2. It is impossible to time the market. The use of price-trend following methods can be seen as “timing the market” and experts will correctly say that you can’t time the market with any degree of accuracy. But DIT doesn’t ask you to. DIT makes trades based on empirical observations of historical price trends. And extensive testing shows that past price trends have remarkable predictive power for future price movements. So, yes, it is true that YOU cannot time the market; but the MARKET can with remarkable accuracy.

  3. There are already momentum products in the market - this is nothing new. The NAOI is well aware of momentum and factor-based ETFs in the market. In fact, we use some of them in our Dynamic Investment designs. But the NAOI is far more than creating a few momentum ETFs. We are introducing a new theory of investing and a platform that enables the easy creation of an unlimited number of dynamic investments that can meet a wide range of investing goals. And the DIs created using the NAOI development platform will provide far higher performance than any momentum-based products in the market today.

  4. The financial industry will not accept a change this big. This is true. The financial services industry does not accept fundamental changes easily and many in this field will oppose the innovations presented here. There are three responses that the NAOI has to this objection. First, the change is not huge when DIs are simply used as building-blocks in traditional MPT-based, advisor portfolios as shown in the diagram below. The addition of a Dynamic Investment will both boost the advisor portfolio’s returns and lower its risk.

 
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Second, DIT creates investment products that are so superior in performance to MPT portfolios that financial organizations that offer them will have a massive competitive advantage over those that don’t. And third, DIs and DPorts are so simple to implement and manage that individuals can easily do so on their own using an online broker - the DI User’s Manual, pictured above, shows them how. And NAOI support offerings will assist them. The bottom line is that the investing public does not need the industry’s “acceptance and blessing” to take advantage of Dynamic Investments and DPorts.

There will always be skeptics, doubters and those resistant to change. But consumer demand for the superior performance of Dynamic Investment and Dynamic Portfolios in a competitive marketplace will force financial organizations to offer them in order to survive.

“All truth passes through three stages. First, it is ridiculed, second it is violently opposed, and third, it is accepted as self-evident. “ - Arthur Schopenhauer

The Benefits of Using Dynamic Investments

On this page I have presented a very concise description of how Dynamic Investment Theory, Dynamic Investments and Dynamic Portfolios work. But it is all an academic exercise unless these developments can provide quantifiable benefits in the real world. To show that they do, I encourage you to visit the pages on this site that list just some of the benefits that this new approach provides to both individuals and to investing professionals. The top benefit for each is shown just below followed by a link to pages on this site that list others.

Benefits for Individuals

Top Benefit: Superior Performance. Even the simplest DI that rotates only between a Stock Market ETFs and a Bond Market ETFs based on the price trend of each, significantly outperforms virtually any MPT portfolio for the same time period. I showed examples of this performance difference above on this page. Other benefits for individuals are found at this link.

Benefits for Professionals

Top Benefit: A Significant Increase in Market Size. The fact that DIs provide higher returns than MPT portfolios with lower risk and absolute protection from market crashes will bring thousands, if not millions, of people into the market who are now on the sidelines in fear. DIs create a massive new prospect and base and enhanced revenue streams for investing professionals that offer them. They also enable financial organizations to double or triple their product offering virtually overnight with little cost or effort. Other benefits for professionals are found at this link.

Working with the NAOI

Focus groups of NAOI students who have field-tested the use of Dynamic Investments in their portfolios have told us that this is the approach they have been looking for to enter the market with confidence and without fear. And they will search for advisors that offer them. The NAOI is fully prepared to show advisors and financial organizations how to take advantage of this massive demand that is coming soon via the one or more of the NAOI offerings listed below.

Getting Started - Read the Book

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Dynamic Investments represent a major change to how investing works. Before committing time, energy and resources to an NAOI cooperative agreement we strongly suggest that you first read the” Introducing Dynamic Investments” book found in the NAOI Store. With a full understanding of how this new approach works, let’s discuss the cooperative options presented below.

Advanced Dynamic Investment Education Classes

Dynamic Investments are easy to create and implement. The NAOI designed them specifically to be that way. But creating optimal DIs that produce the highest returns with the least amount of risk in virtually all economic conditions requires additional training. To enable investment professionals to fully master the art and science of DI and DPort designs, the NAOI offers advanced Seminars and Classes as discussed at this link.

NAOI Consulting

The NAOI offers Consulting Agreements that show financial organizations how to create and use a full product line of proprietary Dynamic Investments and Dynamic Portfolios in order to capture new clients, retain existing clients and increase new revenue streams in a variety of areas unique to their business. Here are several examples; there are others:

  • For ETF Developers and Vendors: If your organization develops or offers ETFs we can show you how to combine them in DIs that produce significantly higher returns with lower risk than any standalone ETF or MPT portfolio in existence today. By doing so, the use of DIs uncovers massive value that is currently “hidden” in your existing ETF product line.

  • For Portfolio Strategists and Designers: If your organization designs and/or manages portfolios we will show you how the use of DI and DPorts will make your job significantly easier and the portfolios you create more profitable than virtually any MPT-based portfolio in existence today.

  • For Financial Advisors and Planners: Dynamic Investments give you the tools needed to provide clients with higher return, lower risk portfolios as discussed above. And because DIs signal trades based on objective observations of market data, they provide the built-in trading plan that your clients want and need to take gains and avoid losses. You can also forget about the complexities of periodic portfolio rebalancing - it is automatic. Using DIT methods you will spend far less time creating customized portfolios and more time on financial planning, an area of wealth creation that doesn’t receive the attention it deserves today.

  • For Retirement Plan Providers: A large percentage of NAOI students seek guidance for investing in their Retirement Plans. When we review their portfolios they are all over the map. Some are too risky while others are too conservative. And a major flaw we see all too often is that advisors tell them to increase portfolio allocation to Bonds the closer they are to retirement age; at a time when they need income the most. The NAOI Universal Portfolio is the perfect portfolio for Retirement Plans. You read above how it provides both high income and low risk. Via a Consulting Agreement we can show Retirement Plan Providers how to capture a large share of this very lucrative, and competitive, market.

The NAOI has developed DI applications for virtually all financial applications. The ROI of an NAOI consulting contract will be off-the-charts high. We guarantee it. More information on NAOI Consulting is found at this link.

NAOI Partnerships

In addition to Consulting, the NAOI offers the following types of Partnerships. Each is explained in more detail at this link.

  • Strategic Planning Partnerships - The future of investing must be designed to better meet the needs of the investing public. No organization knows better what individuals want and need to enter the market with confidence than the NAOI. We have worked with thousands of individuals with money to invest since our founding in 1997. Via this type of Partnership we will work with your organization to create innovative investing products and methods that we know investors will buy - Dynamic Investments being just one example. An NAOI Strategic Partnership will improve your product offerings, expand your client base and increase your revenues virtually overnight. And a relationship with the highly respected NAOI will give your organization’s “public trust” level a significant boost and a massive advantage over competitors that prefer to work with clients that are under-educated.. The marketing benefits of an NAOI Partnership will be through the roof.

  • Education Partnerships - Our experience of working with the investing public for over two decades tells us that to individual investors all financial organizations look alike; they all offer the same products and services. An NAOI Education Partnership changes that perception. As an NAOI Partner we will work with you to create investor education programs that will attract more new clients than any new product or service that you can possibly offer. We will customize our current courses to include your products / services and create new courses using our massive education content library discussed at this link.

  • Retirement Plan Development Partnerships - Dynamic Investments and Dynamic Portfolios are perfect investments for Retirement Accounts. As you know from reading this page these investments use a buy-and-sell methodology to generate returns that MPT portfolios can’t touch and with far lower risk. Plus, since their are no short-term capital gains taxes in these accounts their is no penalty for trading equities held less than a year. In fact, MPT buy-and-hold portfolios don’t take full advantage of this tremendous benefit of retirement accounts. And Dynamic Portfolios don’t force people nearing retirement age into higher allocations to the low-return bond asset class - as you know all DPorts care about is maximizing returns, minimizing risk and protecting portfolio value from market crashes. How close an investor is to retirement is not a factor - minimizing risk is a design element of all DPorts.

  • Dynamic Investment Research and Development Partnerships - The NAOI utilizes a robust development platform of creating unique and optimal Dynamic Investments and Portfolios. We also are uncovering new applications for these products continuously. The opportunities are overwhelming and we welcome organizations to work with us and share the revenues of the new products generated. We are deigning the future of investing and invite you to join us.

  • Academic Partnerships - A major problem in the investing world today is that nowhere, at any level of academia, is this vital life-skill taught with any degree of effectiveness. Certainly it is not hard to teach how investing works. MPT is easy to explain. But teaching students how to invest with success is virtually impossible. There are too many subjective judgments involved making investing more of an “art” than a “science”. This is unacceptable and the NAOI has corrected it with the introduction of Dynamic Investments which provides investors with an objective and scientifically sound approach to effective investing that CAN be taught. The NAOI is teaching it now to a select group of students and using their feedback to create a complete personal investing curricula that shows them how to invest with success based on objective observations of empirical market data and not on the advice of “experts”. If you work in academia at any level let’s cooperate to offer the first truly “teachable” way to invest.

There are other Partnership types available as well.

Summary - Investing Has Just Evolved

a new era of investing begins

a new era of investing begins

Based on input from the investing public, who are our students, It is becoming increasingly evident to the NAOI that the way investing works today has a short life-span. Holding static, buy-and-hold MPT based portfolios is simply too risky for and increasing number of investors and they are leaving the market in alarming numbers.

But what will replace MPT portfolios? The answer is Dynamic Portfolios that include market-sensitive Dynamic Investments. You have learned how they work on this page where you learned that DPorts product higher returns than MPT portfolios in virtually all economic conditions with lower risk and absolute protection from market crashes. Dynamic Investments will play a large role in the future of investing and they will bring a massive number of individuals into the market.

When people learn about these innovative investment types and methods via NAOI education courses and books, they will demand them from their advisors. Financial advisors and organizations offer this new approach with help from the NAOI will thrive in the future of investing. Those that don’t will struggle to survive. That’s just how evolution works.

Contact Information and Getting Updates

Please feel free to contact me directly at: LHevner@naoi.org for more information related to any topic on this page and/or on this site. I would also welcome a discussion on how we can cooperate in a manner that enables your organization to take full advantage of the demand for Dynamic Investments that is coming soon.

And consider joining the NAOI Updates Email List via the input form at the bottom of this page to be alerted to new NAOI product releases, DI performance results and other significant developments as they occur. Those who learn about the first will benefit the most.

"the future of investing starts here" is a registered trade mark of Leland Hevner and the national association of online investors

"the future of investing starts here" is a registered trade mark of Leland Hevner and the national association of online investors