Category - Weekly Updates

Market Update: 01-12-21

(Click here for the LIONX 4th Quarter Fact Sheet)  (Click here for Performance and Top 10 Stocks)

The Issachar Fund (LIONX, BRI, ESG) is 99% invested (1% Cash) in 45 leading growth stocks on Sunday, January 10, 2021.  LIONX is off to a great start in 2021 as growth stocks continue to perform well.  Last week, I took some profits and reinvested those gains into new and existing growth stocks with favorable fundamentals and technical chart patterns.  Being 99% invested speaks volumes about how bullish I currently am.  I continue to find new opportunities to invest, but for now, I will continue to add stocks to my Buy list.  I believe there was a ton of money on the sidelines ahead of the election uncertainty, but that has been resolved, and money is trying to find a new home away from the money market safety net. I believe this trend can persist for the foreseeable future.  When the character of the market changes, I expect to adjust LIONX positions accordingly.  By the Grace of God, I plan to stay on the right side of the market, and I do not intend to ride through the next bear market decline. (There is no guarantee that any investment will achieve its objectives, generate positive returns, or avoid losses.)          

The Fed decreased its balance sheet by $28 billion last week, so I am on alert!  The US Treasury 20-year bond has dropped over 4% already in 2021, and that means yields are rising rapidly.  I believe the Fed wants to keep rates low, which should be good for economic growth, but I am a little concerned with why they seem to be allowing rates to rise.  If the Fed cannot control rising rates by expanding its balance sheet and buying bonds, then we may have a bigger problem at hand.  I am also concerned to see commodity prices rising, which could indicate inflation is creeping back in the market, but a weak dollar could be the main culprit on that front.  Our ever-weakening dollar is also putting pressure on commodity prices like oil, so I will keep a close eye on these developments.  Oil has risen over 7% in 2021, while Gold has dropped about 2.8%.  On the other hand, Bitcoin has advanced over 38% this year! What is up with that! Are investors seeking shelter in a digital currency that cannot be controlled by irresponsible government spending, or is it just “irrational exuberance” on steroids?  We will find out soon enough, and we are certainly living in interesting times!        

Bottom Line:  LIONX is fully invested.  I continue to find growth stocks that meet my fundamental and technical criteria, so that is a good sign.  However, rising rates and a declining dollar have captured my eye.  All eyes are on the Fed because I believe they control and create excess liquidity, which has a way of finding itself in the stock market. However, I put my faith in God, not the government, and I believe that God is still on the Throne of Grace, working all things for our good.  Thanks for your time, and may God bless you and America!

 We know that all things work together for the good of those who love God: those who are called according to His purpose. Romans 8:28

4th Qtr LIONX Fact Sheet  PodCast  Interview   Blogs   Performance   Webinar  My Story  Documents

LIONX is a BRI/ESG, Tactical, Alternative, Mutual Fund Actively Managed like a Hedge Fund.

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Investors should carefully consider the investment objectives, risks, charges, and expenses of the Issachar Fund. This and other important information about the Fund are contained in the Prospectus, which can be obtained by calling 1-866-787-8355 or visiting https://www.LIONX.net.  The Prospectus should be read carefully before investing. The Issachar Fund is distributed by Northern Lights Distributors, LLC., member FINRA/SIPC.   Horizon Capital Management Inc. (HCM) is not affiliated with Northern Lights Distributors, LLC.  Important Risk Information: Mutual Funds involve risks, including the possible loss of principal.  An investment in the Fund may not be appropriate for all investors.  The Fund may hold cash positions when the Adviser feels that the market is not producing returns greater than the short-term cash investments in which the Fund may invest. There is a risk that the sections of the market in which the Fund invests will begin to rise or fall rapidly, and the Fund will not be able to sell stocks quickly enough to avoid losses or reinvest its cash positions into areas of the advancing market quickly enough to capture the initial returns of changing market conditions.  The Adviser’s judgment about the attractiveness, value, and potential appreciation of particular asset classes and securities in which the Fund invests may prove incorrect and may not produce the desired results. Past performance is no guarantee of future results.  Ratings are only one form of Fund performance and should not be used as the sole consideration in making an investment decision.  For more information regarding the fund, including current performance, please visit www.issacharfund.com. For more information on LIONX, please visit LIONX.net.   NLD Review Code: 3042-NLD-1/12/2021

Market Update: 01-04-21

The Issachar Fund (LIONX, BRI, ESG) is 88% invested (12% Cash) in 48 leading growth stocks on Sunday, January 3, 2021.  (4th Quarter Fact Sheet) LIONX finished 2020 with a net gain of 26.19%, surpassing its benchmark returns and with less drawdown!  I always view “return” in the context of how much risk (draw-down) was taken to achieve the result.  LIONX had a maximum draw-down (MDD) loss of -9.87% in 2020, while the S&P 500 Index experienced a -33.79% MDD.  We can certainly thank the Fed for expanding its balance sheet, which probably saved the S&P 500 Index from further COVID declines in March.  I do my best every day to manage risk in LIONX by hedging or raising cash if my perception of risk exceeds my comfort level for the expected return I am seeking.  No one knows what will happen tomorrow, so I try to make daily decisions pursuing the LIONX objective of moderate capital appreciation consistent with capital preservation.  My current focus is on stocks with accelerating sales and earnings (fundamentals), exhibiting sound chart patterns (technicals).  I rely on my Father’s wisdom and 30 plus years of money management experience to guide me into decisions seeking to avoid life-changing losses.  2021 looks as if it may be very promising, and I expect the Fed to keep its foot on the gas, supporting the economy and stock market.  If I am wrong, I do not plan to stay wrong for long. Here are the performance results that I hope you enjoy.

The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month-end, please call toll-free 866-787-8355.  Total annual fund operating expenses are 3.38%.

The Georgia Senate race could change the course of America and the stock market!  Historically, the stock market has done a good job at discounting future events into the present, and it is currently telling me that the balance of power will not likely change.  If the Senate race changes the balance of power, I expect the market to self-correct and realign itself with new stock leadership.  If this happens, I stand ready to readjust LIONX to stay aligned with where the money is flowing.  I like to follow the leaders and try to stay away from the laggards.   

Bottom Line:  I believe LIONX performed well in 2020, and I am optimistically bullish for 2021. Thank you for helping me grow LIONX assets from $11 million on 12/31/19 to over $50 million today.  Leading growth stocks are acting well with minor amounts of distribution, which tells me that the bull still appears to be in charge.  When the leaders start lagging, I plan to sell or hedge positions, seeking to avoid life-changing losses.  The dollar continues to slide while Bitcoin breaks record highs as we continue to spend and borrow money, we do not have without any plans to pay it back.  I believe the Fed holds the key to this bull market in stocks.  If the Fed changes from an expanding balance sheet policy to one of contraction, that could signal the bull’s end and the beginning of a bear.    For now, growth stocks are leading, and liquidity is strong, so I am looking to invest the remaining cash as I find proper setups to buy. I want to wish you a Happy and Prosperous New Year!  I pray that God will bless you more abundantly and bless the USA with God-honoring leadership!  

And God will generously provide all you need. Then you will always have everything you need, and plenty left over to share with others.  2 Corinthians 9:8

4th Qtr LIONX Fact Sheet  PodCast  Interview   Blogs   Performance   Webinar  My Story  Documents

LIONX is a BRI/ESG, Tactical, Alternative, Mutual Fund Actively Managed like a Hedge Fund.

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Investors should carefully consider the investment objectives, risks, charges, and expenses of the Issachar Fund. This and other important information about the Fund are contained in the Prospectus, which can be obtained by calling 1-866-787-8355 or visiting https://www.LIONX.net.  The Prospectus should be read carefully before investing. The Issachar Fund is distributed by Northern Lights Distributors, LLC., member FINRA/SIPC.   Horizon Capital Management Inc. (HCM) is not affiliated with Northern Lights Distributors, LLC.  Important Risk Information: Mutual Funds involve risks, including the possible loss of principal.  An investment in the Fund may not be appropriate for all investors.  The Fund may hold cash positions when the Adviser feels that the market is not producing returns greater than the short-term cash investments in which the Fund may invest. There is a risk that the sections of the market in which the Fund invests will begin to rise or fall rapidly, and the Fund will not be able to sell stocks quickly enough to avoid losses or reinvest its cash positions into areas of the advancing market quickly enough to capture the initial returns of changing market conditions.  The Adviser’s judgment about the attractiveness, value, and potential appreciation of particular asset classes and securities in which the Fund invests may prove incorrect and may not produce the desired results. Past performance is no guarantee of future results.  Ratings are only one form of Fund performance and should not be used as the sole consideration in making an investment decision.  For more information regarding the fund, including current performance, please visit www.issacharfund.com. For more information on LIONX, please visit LIONX.net.   NLD Review Code: 63000-NLD-1/4/2021

Market Update: 12-28-20

The Issachar Fund (LIONX, BRI & ESG) is 88% invested in 45 growth stocks on Sunday, December 27, 2020.  I took LIONX to a more fully invested position last week as my conviction level increased mainly due to how growth stocks responded to the additional liquidity being generated by the Fed.  The Fed still appears to have its foot on the gas, and the market seems to be okay with creating more and more money out of thin air.  The economy appears to be firing on all cylinders, and President Trump signed a $2.3 trillion bill that avoided a government shutdown.  On Monday, the House will vote to raise the $600 stimulus check to $2,000 that Trump is demanding.  How long can an irresponsible government keep borrowing money without plans to pay it back before the market crushes its currency?  I hope and pray that I am not around when inflation skyrockets and the dollar collapses.  My faith is in God and not the government.  A currency failure could cause life-changing losses that I plan to avoid.  I attempt to manage risk every day in LIONX and decide if the potential risk is worth the potential reward I am seeking.  Currently, I see “risk” as being relatively low for the potential reward I expect.  However, I could change my opinion in a heartbeat if prices collapse.  (There is no guarantee that any investment will achieve its objectives, generate positive returns, or avoid losses.)      

The Lyons Family Christmas Vacation was covered in snow!  We rented a high-top van and drove 12 hours to a cabin on top of the highest mountain in Sevierville, TN.  We hiked, fished, zip-lined, and took a helicopter tour over Gatlinburg, Pigeon Forge, and The Great Smokey Mountains.  It was all wonderful and spectacular until we got about a foot of snow at our cabin, then it was stunningly beautiful.  Everything was covered in a white powder of snow for miles in all directions, and God’s majestic beauty took my breath away.  God waited until Christmas day to bless us with such a marvelous view that we will never forget.   I believe God gave us a taste of what heaven might look like, and I can’t wait to see the real thing.  I am so blessed, and I pray God would bless you more than he has blessed me simply because he can and he enjoys doing it.     

Bottom Line: LIONX is close to being fully invested, and the market seems to be rewarding us for taking risk.  I am pleased with YTD’s performance, and I expect to finish the year on a good note.  I believe the market will continue to advance higher as long as the Fed keeps its foot on the gas, flooding the market with liquidity and keeping rates near zero.  An upset in the Senate’s balance of power could trigger a market correction, so I will be watching the market’s reaction to the Georgia Senate race on January 5th.  God is still in control; He loves us unconditionally, and that will never change.  I hope and pray that you experience the Love and Peace of our Lord and Savior, Jesus Christ.  Amen!    

Grace be with you, mercy, and peace, from God the Father, and from the Lord Jesus Christ, the Son of the Father, in truth and love.  2 John 1:3

3rd Qtr LIONX Fact Sheet  PodCast  Interview   Blogs   Performance   Webinar  My Story  Documents

LIONX is a BRI/ESG, Tactical, Alternative, Mutual Fund Actively Managed like a Hedge Fund.

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Investors should carefully consider the investment objectives, risks, charges, and expenses of the Issachar Fund. This and other important information about the Fund are contained in the Prospectus, which can be obtained by calling 1-866-787-8355 or visiting https://www.LIONX.net.  The Prospectus should be read carefully before investing. The Issachar Fund is distributed by Northern Lights Distributors, LLC., member FINRA/SIPC.   Horizon Capital Management Inc. (HCM) is not affiliated with Northern Lights Distributors, LLC.  Important Risk Information: Mutual Funds involve risks, including the possible loss of principal.  An investment in the Fund may not be appropriate for all investors.  The Fund may hold cash positions when the Adviser feels that the market is not producing returns greater than the short-term cash investments in which the Fund may invest. There is a risk that the sections of the market in which the Fund invests will begin to rise or fall rapidly, and the Fund will not be able to sell stocks quickly enough to avoid losses or reinvest its cash positions into areas of the advancing market quickly enough to capture the initial returns of changing market conditions.  The Adviser’s judgment about the attractiveness, value, and potential appreciation of particular asset classes and securities in which the Fund invests may prove incorrect and may not produce the desired results. Past performance is no guarantee of future results.  Ratings are only one form of Fund performance and should not be used as the sole consideration in making an investment decision.  For more information regarding the fund, including current performance, please visit www.issacharfund.com. For more information on LIONX, please visit LIONX.net.   NLD Review Code: 6278-NLD-12/28/2020

Market Update: 12-18-20

The Issachar Fund (LIONX, BRI & ESG) is 65% invested in 43 growth stocks on Thursday, December 17, 2020.  After last week’s round of profit-taking, I purchased new growth stocks, and I plan to get more invested shortly.  Many stocks are extended in price, and P/E ratios are expanding, but I believe there is still room to run higher.  I am pleased with how LIONX has performed YTD especially when compared to the S&P 500 Index and its drawdowns.  LIONX is not required to be fully invested during bear markets but the S&P 500 Index assumes a fully invested position at all times.  LIONX is actively managed like a hedge fund seeking moderate capital appreciation consistent with capital preservation.  I see moderate risk with potentially higher returns in the current market, and I plan to take advantage of the opportunities I am finding. I believe the Santa Clause Rally has begun, so let’s enjoy the ride.  (There is no guarantee that any investment will achieve its objectives, generate positive returns, or avoid losses.)

The Fed has stepped on the gas by increasing its balance sheet by $120 Billion to a record high of over $7.4 Trillion this week! WOW! That is a considerable increase, and that newly created money has to go somewhere.  Some of that “free” money is being reinvested in growth stocks, which is where I am focused.  When the Fed buys bonds, the proceeds go back into the seller’s account, and the seller has new money to invest.  The seller typically buys stocks and bonds to replace what they sold to the Fed, which is the tide of fresh capital that lifts many boats.  The Fed said it plans to continue buying at least $120 billion of bonds every month until they reach their maximum employment and price stability goals.  Who knows what that means?  It tells me that they will keep printing money out of thin air as long as the market allows.  The dollar is responding by continuing to slide, and Bitcoin zooms higher.  I do not know how this money printing experiment ends, but I cannot imagine it will have a happy ending.  All eyes are on the road ahead, and ears are listening for signs of a top in the market, but I see none at this time.  Is there another Black Swan event like COVID lurking?

I am writing this Blog on Friday since we plan to be in Gatlinburg, TN, for a Lyons Family Christmas Vacation next week!  We rented a high-top van and a house on a hill with a million-dollar view.  My wife and I and our three adult kids are excited about our first Christmas road trip.  We typically fly places for Christmas, but COVID rules and restrictions might spoil the fun, so off we go!       

Bottom Line: I am optimistically bullish and expect the gains to continue mainly because the Fed has substantially increased liquidity in the market.  Congress is close to passing a stimulus bill, the vaccine is being distributed, and the market seems content.  I plan to get more invested as I find growth stocks exhibiting accelerating sales and earning with sound chart patterns.  Instead of selling positions in the next correction, I plan to hedge, seeking to capture more of the upside. I expect LIONX to drop about $1/ share today due to a required distribution, but it will not impact your account’s value.  This is my favorite time of the year because I get to celebrate the birth of my Lord and Savior.  I pray that you receive the Love of Jesus and share it with your neighbor.  Love is a gift, so don’t forget to unwrap it and get a fresh revelation of God’s Grace. Merry Christmas and may God’s Unconditional Love Bless you like never before!               

The Word became flesh and made his dwelling among us. We have seen his glory, the glory of the one and only Son, who came from the Father, full of grace and truth.  John 1:14

3rd Qtr LIONX Fact Sheet  PodCast  Interview   Blogs   Performance   Webinar  My Story  Documents

LIONX is a BRI/ESG, Tactical, Alternative, Mutual Fund Actively Managed like a Hedge Fund.

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Investors should carefully consider the investment objectives, risks, charges, and expenses of the Issachar Fund. This and other important information about the Fund are contained in the Prospectus, which can be obtained by calling 1-866-787-8355 or visiting https://www.LIONX.net.  The Prospectus should be read carefully before investing. The Issachar Fund is distributed by Northern Lights Distributors, LLC., member FINRA/SIPC.   Horizon Capital Management Inc. (HCM) is not affiliated with Northern Lights Distributors, LLC.  Important Risk Information: Mutual Funds involve risks, including the possible loss of principal.  An investment in the Fund may not be appropriate for all investors.  The Fund may hold cash positions when the Adviser feels that the market is not producing returns greater than the short-term cash investments in which the Fund may invest. There is a risk that the sections of the market in which the Fund invests will begin to rise or fall rapidly, and the Fund will not be able to sell stocks quickly enough to avoid losses or reinvest its cash positions into areas of the advancing market quickly enough to capture the initial returns of changing market conditions.  The Adviser’s judgment about the attractiveness, value, and potential appreciation of particular asset classes and securities in which the Fund invests may prove incorrect and may not produce the desired results. Past performance is no guarantee of future results.  Ratings are only one form of Fund performance and should not be used as the sole consideration in making an investment decision.  For more information regarding the fund, including current performance, please visit www.issacharfund.com. For more information on LIONX, please visit LIONX.net.   NLD Review Code: 9303-NLD-12/18/2020

Market Update: 12-14-20

The Issachar Fund (LIONX, BRI & ESG) is 20% invested in 20 growth stocks on Sunday, December 13, 2020.  The S&P 500 Index hit an all-time high last Tuesday and slid lower into Friday as rumors of a stimulus compromise diminished.  I believe stocks are extended in price, and P/E ratios are expanding in anticipation of a stimulus deal getting done before Friday.  I think the market is factoring in a stimulus compromise before Congress heads home on December 18th, so the market could turn south quickly if talks fall apart.  Many of the growth stocks in LIONX experienced some profit-taking last week, so I decided to lock in some gains.  Software and medical stocks are still the most significant weightings in LIONX, and that is where I am currently finding the best stock opportunities with accelerating sales and earnings.  Remember, bulls make money, and bears make money, but pigs get slaughtered. (There is no guarantee that any investment will achieve its objectives, generate positive returns, or avoid losses.)

The Fed expanded its balance sheet by $20 billion last week to an all-time high of $7.2 trillion! 
The Fed’s commitment to keeping rates low for the next couple of years gives me a great conviction that they are still on our side and will likely act as a back-stop to mitigate a prolonged market decline. I do not see a crashing dollar or rapidly rising yields flashing any warning signs at this time, but I believe it is just a matter of time before we see the flags start to wave.  Could a falling dollar or a spike in yields be the next black swan event to rock the market as COVID did from February 19th to March 23 when the S&P 500 dropped over 33%?  Time will certainly tell!  As long as the “market” allows Congress to spend money it does not have by letting the Fed create money out of thin air to buy bonds issued by the treasury, Congress will keep doing what it does, which is kick the can down the road.  I do not see how this irresponsible spending can end well.  Imagine what would happen if you or I were to spend money like there is no tomorrow without any plans to pay it back!              

Bottom Line: LIONX is 20% invested in 20 growth stocks, and I expect Santa to rally the market into Christmas.  If Congress cannot agree on a stimulus bill before Friday, the market could take a turn for the worse and head south for the winter.  However, I believe the Fed will step in and support the market with fresh liquidity in hopes of keeping the market afloat.  I actively manage LIONX seeking moderate capital appreciation consistent with capital preservation, trying to avoid life-changing losses.  I want to wish everyone a Very Blessed Christmas, and I pray that you accept the Love of Jesus and share it with your neighbor.  May God’s Grace & Peace be with You forever!

 This is my commandment, that you love one another as I have loved you.  John 15:11

3rd Qtr LIONX Fact Sheet  PodCast  Interview   Blogs   Performance   Webinar  My Story  Documents

LIONX is a BRI/ESG, Tactical, Alternative, Mutual Fund Actively Managed like a Hedge Fund.

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Investors should carefully consider the investment objectives, risks, charges, and expenses of the Issachar Fund. This and other important information about the Fund are contained in the Prospectus, which can be obtained by calling 1-866-787-8355 or visiting https://www.LIONX.net.  The Prospectus should be read carefully before investing. The Issachar Fund is distributed by Northern Lights Distributors, LLC., member FINRA/SIPC.   Horizon Capital Management Inc. (HCM) is not affiliated with Northern Lights Distributors, LLC.  Important Risk Information: Mutual Funds involve risks, including the possible loss of principal.  An investment in the Fund may not be appropriate for all investors.  The Fund may hold cash positions when the Adviser feels that the market is not producing returns greater than the short-term cash investments in which the Fund may invest. There is a risk that the sections of the market in which the Fund invests will begin to rise or fall rapidly, and the Fund will not be able to sell stocks quickly enough to avoid losses or reinvest its cash positions into areas of the advancing market quickly enough to capture the initial returns of changing market conditions.  The Adviser’s judgment about the attractiveness, value, and potential appreciation of particular asset classes and securities in which the Fund invests may prove incorrect and may not produce the desired results. Past performance is no guarantee of future results.  Ratings are only one form of Fund performance and should not be used as the sole consideration in making an investment decision.  For more information regarding the fund, including current performance, please visit www.issacharfund.com. For more information on LIONX, please visit LIONX.net.   NLD Review Code: 8214-NLD-12/14/2020

Market Update: 12-07-20

The Issachar Fund (LIONX, BRI & ESG) is 100% invested in 52 growth stocks on Sunday, December 6, 2020.  The top three sector LIONX weightings are Software, Medical, and Chips.  I am still bullish on the stock market, and I expect the rally to continue melting higher into Christmas.  However, I am not finding fresh setups to buy because many of the leaders appear extended in price, so I am looking for secondary “add on” buy points. I sold a few stocks before they reported earnings last week and added those proceeds to existing positions.  While investor psychology and sentiment signals may be indicating that stocks are overbought, and due for a correction, I do not consider that a sell signal.  I use fundamentals (rising sales and earnings) and technical chart patterns as buy signals, but I rely on a stock’s price action to get me out.  I typically sell a stock before an earnings release because the risk of a price drop is often too much potential risk.  In other words, I would rather miss an opportunity than to lose money.  If a stock trades 8% below my trailing stop, I typically sell.  If I find a stock with a more favorable risk/reward relationship, I may use that to get me out also.  In my opinion, buying is relatively easy, but I have found that selling takes practice and discipline.  I have been investing (buying and selling) for over 30 years, and I have not mastered it yet, nor do I feel that I ever will.  Just when I think that I have figured the market out, it changes, and I humbly get back to work finding another investing strategy trying to stay ahead of the game.  (There is no guarantee that any investment will achieve its objectives, generate positive returns, or avoid losses.)

Talks of a vaccine and stimulus may have helped propel the market indexes to all-time highs last week!  The market may be trying to price in the positive effects of a near term COVID vaccine as indexes traded through all-time high lines of resistance.  A vaccine could relieve a lot of the fear and lock-down control, and a “free” Santa stimulus check may help relieve some holiday stress as well.  However, yields have been rising, and the dollar has been dropping, but the Fed appears to still have its foot on the gas of liquidity.  To me, liquidity is the key to this bull market advance, and it may not last forever, so my eyes are on the Fed, yields, and the dollar.

Bottom Line: LIONX is still fully invested, and liquidity remains strong, so my conviction level is high.  There is always a risk of a steep one- or two-day price drop to shake out “weak hands,” but I would likely view that as a buying opportunity.  I believe the trend is your friend, and there still appears to be room to run higher into Christmas.  If I am wrong and the market character changes for the worse, I will do my best to avoid any life-changing losses in LIONX.  Jesus is the reason for the season, so please join me in celebrating our Savior’s birth, who died for all sins past, present, and future.  I pray God’s Grace, Peace, and Blessings on you and your loved ones. Amen!         

Jesus is the propitiation for our sins, and not for ours only but also for the sins of the whole world.  John 2:2

3rd Qtr LIONX Fact Sheet  PodCast  Interview   Blogs   Performance   Webinar  My Story  Documents


LIONX is a BRI/ESG, Tactical, Alternative, Mutual Fund Actively Managed like a Hedge Fund.

**********************************************************************************

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Issachar Fund. This and other important information about the Fund are contained in the Prospectus, which can be obtained by calling 1-866-787-8355 or visiting https://www.LIONX.net.  The Prospectus should be read carefully before investing. The Issachar Fund is distributed by Northern Lights Distributors, LLC., member FINRA/SIPC.   Horizon Capital Management Inc. (HCM) is not affiliated with Northern Lights Distributors, LLC.  Important Risk Information: Mutual Funds involve risks, including the possible loss of principal.  An investment in the Fund may not be appropriate for all investors.  The Fund may hold cash positions when the Adviser feels that the market is not producing returns greater than the short-term cash investments in which the Fund may invest. There is a risk that the sections of the market in which the Fund invests will begin to rise or fall rapidly, and the Fund will not be able to sell stocks quickly enough to avoid losses or reinvest its cash positions into areas of the advancing market quickly enough to capture the initial returns of changing market conditions.  The Adviser’s judgment about the attractiveness, value, and potential appreciation of particular asset classes and securities in which the Fund invests may prove incorrect and may not produce the desired results. Past performance is no guarantee of future results.  Ratings are only one form of Fund performance and should not be used as the sole consideration in making an investment decision.  For more information regarding the fund, including current performance, please visit www.issacharfund.com. For more information on LIONX, please visit LIONX.net.   NLD Review Code: 8197-NLD-12/7/2020