Growth under discipline
We take the hassle and worry out of managing your family’s money.
And your money never leaves your own account. We advise and guide. You stay in control.
Who we are
An advisor, not an app
You are hiring someone to look after your family’s savings, the way you would hire an accountant to look after your tax. Not a product to buy, learn and operate.
What you get
Every month, in writing, before anything reaches your account
A plan for your money
Written for your situation, your income and what you are saving for. Reviewed and brought up to date every month, not filed and forgotten.A monthly sit-down
An hour together on what changed, what we think you should do, and anything new in your life we should be planning around.Clear instructions
Exactly what to buy or sell in each account, how much, and the reason for it, in plain language. On the managed service we place the trades once they are approved; on advice only, you check them and act yourself.Someone to call
Between reviews, when markets are frightening or your circumstances change. The same person every time, who already knows your situation.What makes us different
Three things we do that most firms don’t
None of them is complicated. They are just the parts of the job most firms hand off to someone else.
We built it ourselves
We don’t buy a ready-made investment formula from someone else. We built the engine, the client area and the research library, we know exactly how each works, and we can explain every decision they make. When something needs to change, we change it. We don’t wait for a vendor.
You can check us, including where we failed
We publish a note every week on what we are seeing and why, before any advice reaches you. And every change to the model is written down before it is tested — what it must beat, on which history, and what happens if it does not. The results are published either way. Nine of the last ten candidates failed and were not adopted.
We work around your employer’s rules
Audit firms, banks and asset managers each publish a restricted list. Your plan is built from sleeves rather than a fixed set of funds, and each sleeve has several funds that do the same job — so a barred name changes which fund you hold, not the plan you are on. We file the pre-clearance evidence with the instruction.
What we are named for
Growth under discipline
The name
नेमधारी · niyama, the rule · dhari, one who holds
Nemdhari is the keeper of the discipline: the one who holds to the practice when it would be easier not to.
The mark
A sheaf of grain, bound at the stem, inside a six-sided seal. The sheaf is growth; the binding is the vow held.
The binding is not a restraint on the sheaf — it is what lets the sheaf be carried instead of scattering.
Why a rule
Anyone can write a rule. Keeping it in a falling market is the work.
If your savings fall by half they must double to get back to where they started. Most people have neither the years nor the nerve to wait that out. Working to keep losses small is the most useful thing we do for you — and it is the part that is hard, because it means selling when it feels wrong to sell.
How it works
How the model works
In plain terms. The fuller detail is in the research library, which is open to anyone who registers.
We read the economy
Each month we take six readings of the economy and place it on the growth-and-inflation map.We size to conviction
How much of your money is invested depends on how confident that reading makes us. Unsure means a great deal less, with the rest in cash and Treasury bills.We step back early
Big falls give warning signs first. When one appears we cut risk straight away — we would rather be early and wrong than late and right.We hold the rule
The decision comes from the rule, not from how the week felt. That is the discipline, and it is what the firm is named for.The six we read
And the frame they place it on
Which of the four, and what we then do, is our own work.
What it holds: ordinary, low-cost funds — US and international shares, emerging markets, gold, commodities, managed futures, long bonds, a little bitcoin, and Treasury bills. Nothing exotic, nothing illiquid, nothing you cannot sell on any trading day.
Protecting your savings
When trouble is coming, we step back early
Big market falls usually give warning signs first. We watch for three of them, and when one appears we reduce your risk straight away, without waiting for the end of the month.
The three portfolios
One way of reading the market, three ways of holding it
We run the same reading of the economy for every family. What changes is the shape of the portfolio it drives, because a couple drawing an income and a forty-year-old adding to a pension do not need the same thing. There are three, and we will tell you plainly which one fits you.
For money you are not touching yet
Macro Tide Core
The main portfolio, for retirement accounts you are still adding to. It holds ordinary funds, it never borrows, and when our reading turns cautious it moves to cash and waits.
For a taxable account that allows it
Macro Tide Spring
Core, plus a small hedged position that can make money whether the market rises or falls. It has earned more over time. It has also fallen further, and it needs an account that permits borrowing.
For families drawing an income
Macro Tide Harbor
Core, with about two years of your spending held in Treasury bills. The point is that a bad market never forces you to sell something at the bottom to pay for your life.
What they would have done
These are model results, not client accounts — the portfolios were run over history rather than held. The three portfolios are shown net of a 0.75% annual advisory fee, with no allowance for dealing costs, before tax. The market row is the S&P 500 with dividends reinvested and no fee, for comparison.
| Portfolio | Growth a year | Worst fall |
|---|---|---|
| The market | 10.4% | −50.8% |
| Macro Tide Core | 11.5% | −7.6% |
| Macro Tide Spring | 12.4% | −8.9% |
| Macro Tide Harbor | 10.7% | −7.1% |
| Portfolio | Growth a year | Worst fall |
|---|---|---|
| The market | 10.9% | −50.8% |
| Macro Tide Core | 12.8% | −8.4% |
| Macro Tide Spring | 13.3% | −8.4% |
| Macro Tide Harbor | 12.0% | −7.7% |
Read the second column, then the third. Over thirty years the portfolios grew faster than the market. The difference that matters more is the third column: the market lost 51% on the way down, and the worst any of them lost was 8.9%.
That is the whole argument. Not a higher number at the end — a far less frightening journey to it, which is what lets people stay invested long enough to get there.
What if you had started on a different day?
A single track record can flatter a portfolio: it only shows what happened from one starting date. So we asked a fairer question. We picked 10,000 start dates at random and ran each portfolio forward from every one of them, to see the whole range of outcomes an investor might have had rather than the single one history handed us.
Over any single year. Starting on a random date, the market lost money in about one year in 5. Macro Tide Core, about one year in 16.
Over any ten years. Since 1996, someone who bought the market and held for a decade was still down about one time in 10 — the decade after 2000 was that bad. None of the three portfolios was down over ten years from any start date we tested.
And the honest half. These portfolios do not beat the market every year, and they are not meant to. Measured from 1996, Core finished ahead of the market in about 45% of single years and 77% of ten-year stretches. Measured from 2007, that ten-year figure is 48% — under half. What separates the two is the 2000s: the longer sample contains a decade in which the index went nowhere and caution was repaid, while ten-year stretches beginning after 2007 are dominated by the bull market that followed 2009, which was a hard thing for anything cautious to beat. So the case for these portfolios is not that they beat the market more often. It is the one the table above makes: a far smaller fall on the way. A shorter holding period is where this can disappoint you, and we would rather say so now.
And what they have actually done
Everything above is the rules run over history. This is not. On 31 August 2026 we opened a $100,000 ledger for each of the three portfolios and began publishing it — every holding, every change, marked at each weekly note and never revised afterwards. It is the one record here that could not have been chosen with hindsight.
| Portfolio | $100,000 became | Change | Against the market |
|---|---|---|---|
| Macro Tide Core | $100,713 | +0.71% | +1.71pp |
| Macro Tide Spring | $101,298 | +1.30% | +2.29pp |
| Macro Tide Harbor | $100,603 | +0.60% | +1.60pp |
| The market | $99,004 | −1.00% | — |
It is 18 days old. That is far too short to tell you anything about whether the approach works, and we would rather say so than let the number flatter us. What it does tell you is that the ledger exists, that it is dated, and that we will still be publishing it in the months it goes the other way.
We are not showing the largest fall (it needs 13 weekly marks; there are 6) or a risk-adjusted return (26 marks). With this little history they would be arithmetic rather than evidence, and they will appear here on their own once the ledger is long enough to mean something.
Please read this part. Figures as at 18 September 2026, from 10,000 simulated start dates over the two periods shown. They are hypothetical model results, produced by running the portfolios over historical data. They are not the returns of any client account, and no client held these portfolios over these periods. Model results benefit from hindsight in ways real investing does not: the rules were chosen by people who already knew what happened next, and no model result carries the cost of changing your mind at the wrong moment. The three portfolios are shown net of a 0.75% annual advisory fee, with no allowance for dealing costs, before tax, and so is the live ledger, with the fee accrued by the day. Past performance does not predict future results, and you can lose money. If we ever manage your money, your own returns will differ from everything on this page.
The platform
Setu — everything you need in order to act, in one place
Setu is Sanskrit for a bridge — and for the thing that binds two sides together. That is what this is: the bridge between the model and your household.
Your accounts, always current
Managed: we collect your holdings from your custodian every week, with nothing for you to do. Advice only: drop in an export from your broker; account numbers are stripped in your own browser before anything is sent. Either way you see, per sleeve, what you hold against what the plan calls for, netted across all your accounts at once.
Trades placed for you, or by you
Managed: your adviser approves each trade, and it is placed at your custodian under the limited authority you signed. Advice only: one ticket per account — what to buy or sell, how many shares, the order type, the tax-lot note, and whether your employer permits it, with the substitute named if not.
A record, and a system that never learns your name
Documents, exports and every past instruction, kept. And the part most firms cannot offer: the engine never sees a person. Your name and e-mail live only at the sign-in door; everything behind it is keyed to an anonymous household number.
Signing in takes an e-mail address and a one-time code. There is no password for us to lose. The managed service is described as it will operate once our adviser registration is effective; see Disclosures. Sign in to Setu →
A small practice
We work with very few families, on purpose
Most of the people we look after were introduced by someone we already look after. You will not become a name on a list, you will not be passed to a junior, and the person who writes your plan is the person who sits down with you.
Most families do not need clever investments. They need a plan that fits their life, someone watching it closely, and a straight answer when they ask, “Am I okay?” That is what we are building.
This week
What we are reading in the economy
We publish our thinking as we go, and we publish it before any advice reaches you — so you can go back and check whether we were right, including the times we were not. Education and market commentary, not personal advice.
The fuller library — the methodology, the tests behind every rule and the record of what failed — is at research.nemdhari.com, open to anyone who registers.
Macro Tide, the weekly note
What we saw in the economy this week, and what we did about it.
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Week in review
The week's economic numbers: what came in better, what came in worse, and what changed our view.
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Daily monitor
The daily figures we watch, including our three warning signs, updated on publishing days.
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The Fed balance sheet
How the Federal Reserve's balance sheet changes the amount of money in the system, explained.
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Macro Tide No. 1
Regime Note — 2026-08-31
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Macro Tide No. 2
Macro Tide No. 2 — Goldilocks on paper, hotter underneath
Read →
Macro Tide No. 3
Macro Tide No. 3 — The print landed, the consumer flinched
Read →
Macro Tide No. 4
Macro Tide No. 4 — The hike landed, and the week split in two
Read →
Contact
Start with a conversation
Every family starts the same way: an unhurried conversation about what you have, what you are allowed to own, and what you want the money to do for you. No pitch, and nothing to sign.
If someone we look after introduced you, do mention them when you write. If you found us another way, that is fine too, and we would still like to hear from you.
If your job limits what you can invest in, tell us early. It shapes your plan more than almost anything else, and we would rather build around it from the first conversation.
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