1. General 

Investment Advisory Services offered through Peck Wealth Management, LLC. A Washington state & California state registered Investment Advisor, which is owned by RC Peck.

Stock Market Research Services offered through Fearless Wealth Publishing, Inc. an S-Corp registered in Washington State, which is owned by RC Peck.

Fearless Wealth Publishing is a stock market research company that does not provide financial advice. Fearless Wealth Publishing publishes investment information, ideas and opinions which are based on technical investing and what we've learned as financial observers.

Fearless Wealth Publishing, Inc. may allow Peck Wealth Management, LLC from time to time to make soft offers to the Fearless Wealth Publishing list to introduce money management services. These communications are clearly communicated that they are solicitations from Peck Wealth Management, LLC.

Any index referenced for comparison are unmanaged and cannot be invested into directly.

This message may contain information that is confidential or privileged and is intended only for the individual or entity named above.

Past performance is not indicative of future performance. Please make sure to review important disclosures at the end of each email and page.

Note: Joining the Fearless Wealth email list or community is not an offering for any investment. Investors should discuss any investment with their personal investment counsel. RC Peck is not your personal investment counsel unless you have a current signed agreement with him directly.

Before seeking any advisor's services or making an investment in a fund, investors must read and examine thoroughly the respective disclosure document or offering memorandum.


Alternative investment performance can be volatile. An investor could lose all or a substantial amount of his or her investment. You are advised to discuss with your financial advisers your investment options and whether any investment is suitable for your specific needs prior to making any investments.

All material presented herein is believed to be reliable but we cannot attest to its accuracy. Opinions expressed in these reports may change without prior notice. RC Peck and/or the staff may or may not have investments in any funds cited above as well as economic interest. As much as we back-check and re-check, some material may contain errors, and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility.

© 2022 Fearless Wealth, Inc. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from Fearless Wealth, LLC, 24145 NE 122nd Street Redmond, Washington 98053 or

2. Advertisement

The advertising rule has two prongs (a) the first prong includes communications traditionally treated as investment adviser advertising, in Fearless Wealth’s case, they would allow Peck Wealth Management from time to time to make soft email-based advertisements for money management services. And (b) the second advertising prong includes compensated testimonials and endorsements that are treated as solicitations under the solicitation rule. Fearless Wealth and Peck Wealth Management will NOT produce or use any advertisements from prong #2. 

3. Performance Numbers

Fearless Wealth performance numbers have not been audited, approved (or disproved), nor reviewed by the SEC. Performance numbers are presented in one-year, three-year, five-year, and ten-year time periods per the direction of the SEC when sharing performance numbers. 

Our performance numbers are presented in both gross performance results and net performance results (net of management fees)  that clearly show comparison between both gross and net results over the same time period using the same methodology. There are no carve-out performance numbers provided. All performance numbers are for the portfolios advertised.

4. Hypothetical Back-Tested Performance

Fearless Wealth firmly believes we have presented an approach that is implementable and designed to ensure that the hypothetical performance is relevant and capable of being achieved. Fearless Wealth however has no idea of the past performance of the approach can be replicated in the future. And gives nor provides any claims that the past results can be reproduced in the future. Please reference additional PWM Hypothetical Back-tested Performance disclosures available on 

Risk Disclosure
WARNING: All data, including performance data, is provided for illustrative purposes only, it does not represent actual performance of any client portfolio or account and it should not be interpreted as an indication of such performance.  The hypothetical back-tested performance of the Signal Portfolio Strategy was achieved with the benefit of hindsight; it does not represent actual investment strategies for the entire period; and it does not reflect the impact that economic and market factors may have had on the advisor’s decision-making if the advisor were actually managing client money during the period shown. 

Past performance does not guarantee future results. Investment returns and principal value will fluctuate, so that investors' shares, when sold, may be worth more or less than their original cost. Investing in any mutual fund, index or actively managed strategy, does not guarantee that an investor will make money, avoid losing capital, or indicate that the investment is risk-free. Actively managed strategies sometimes outperform market indexes or individual stocks or exchange traded funds. An investor cannot determine in advance which actively managed fund will outperform the appropriate index. There are no absolute guarantees in investing. When reviewing any back-tested performance information on this internet site, please read the Disclosure for Back-tested Performance Information. 

Disclosures for the Hypothetical Back-tested Performance of Signal Strategy and Exchange Traded Funds

Peck Wealth Management does not guarantee any minimum level of investment performance or the success of any portfolio, index, exchange traded fund, or investment strategy. Past performance does not guarantee future results. There is a potential for loss in any investment, including loss of principal invested. All investments involve risk, and different types of investments involve varying degrees of risk. Investment recommendations will not always be profitable. No representation is being made that any Peck Wealth Management client account will or is likely to achieve profit or losses similar to those shown in hypothetical back-tested performance. Impacts of federal and state taxes and trading costs are not included in the results of the Signal Portfolio Strategy or portfolio returns. Hypothetical back-tested performance information shown in text, charts, tables and graphs is provided for informational purposes only and should not be considered investment advice or a recommendation to buy or sell any types of securities.

Overview, Signal Portfolio Strategy and Exchange Traded Funds

The Peck Wealth Management investment strategy is based on the Signal Portfolio Strategy.  The Signal Portfolio Strategy is designed to provide a buffer against market declines and to capitalize on market increases in order to reduce the impacts of market volatility.

QQQ Signal Strategy

Will the NASDAQ100 (QQQ) always perform this way? Of course no one has that answer. There will be periods when other indexes outperform QQQ. Please read all disclaimers. 

Does this approach always beat the NASDAQ100? Absolutely not. 

The data for both the Signal Portfolio Strategy and the model data for the sample charts and indexes are hypothetical back-tested performance data that represents a combination of index data, model portfolio data, and Exchange Traded Fund data. 

The Peck Wealth Management Indexes used in the charts and graphs were created by Peck Wealth Management in 2022.  The indexes include several stock and bond Exchange Traded Funds, QQQ, SPY, VBMFX and AGG with data taken from and Yahoo Finance on an annual basis since 2000.

Hypothetical Back-tested Performance

The hypothetical back-tested performance data comprising the Peck Wealth Management Signal Portfolio Strategy Index data represents a combination of index data and actual Exchange Traded Funds data. The annual data series begins with index data on January 1, 2000 and includes live Exchange Traded Fund data.

The investment strategy of the Signal Portfolio Strategy is a rebalancing strategy with market performance-based rebalancing of the allocation based on market returns. The data shown is hypothetical and is provided to illustrate historical risk and return performance had the Signal Portfolio Strategy been available over the relevant time period shown. Peck Wealth Management did not offer the Signal Portfolio Strategy until January 2007. Prior to January 2007, Peck Wealth Management did not manage client assets.

All hypothetical performance results of the Signal Portfolio Strategy Index are based on performance of the strategy based on historical market returns. The hypothetical back-tested performance was achieved with the benefit of hindsight; it does not represent actual investments in any investment strategies.

There are certain limitations inherent in hypothetical model results like those portrayed, particularly that such hypothetical model returns do not reflect trading in actual client accounts and do not reflect the impact that material economic and market factors may have had on the adviser’s decision-making had the adviser actually been managing client funds. Unlike an actual performance record, hypothetical back-tested performance results do not represent actual trading. These types of simulated trading programs, in general, benefit compared to actual performance results because such simulated programs are designed with the benefit of hindsight. In addition, simulated trading does not involve or take into account financial risk and does not take into account that material and market factors may have impacted an adviser’s decision-making, all of which can adversely affect actual trading results and performance. For example, the ability to withstand losses or adhere to a particular trading program in spite of trading losses are material points that can also adversely affect markets in general or the implementation of any specific trading program. Hypothetical back-tested performance does not represent actual performance, trading costs or the impact of taxes and should not be interpreted as an indication of such performance.

Hypothetical back-tested performance also differs from actual performance because it is achieved through the retroactive application of model portfolios designed with the benefit of hindsight. As a result, the Peck Wealth Management Signal Portfolio Strategy may be changed from time to time and the effect on hypothetical performance results could be either favorable or unfavorable. 

Hypothetical back-tested performance results for Peck Wealth Managements Signal Portfolio Strategy are based on a market performance-based rebalancing on the occurrence of market events. QQQ (NDX100 ETF w/dividends reinvested) and IVV (S&P500 Index ETF w/dividends reinvested) are the two ETFs used.

It is important to understand that the assumption of market performance-based rebalancing has an impact on the monthly returns reported for client accounts throughout the year. In actual client portfolios, however, accounts are reviewed daily and rebalancing occurs as indicated by the Signal Portfolio Strategy. Generally, rebalancing events are recommended by Peck Wealth Management when a client portfolio exceeds the applicable variance threshold assigned by Peck Wealth Management to client portfolios, and rebalancing is implemented with client approval. Rebalancing actions are dependent on both market conditions and individual client cash inflows and outflows, along with the cost impact of such transactions on the overall client portfolio.

Hypothetical back-tested performance results for Peck Wealth Management’s Signal Portfolio Strategy does include the reinvestment of dividends and does not include Peck Wealth Management’s advisory fee. The impacts of trading costs are not included in the performance results, and will reduce client performance.  Actual client advisory fees are deducted quarterly, in arrears by Peck Wealth Management. Note that a client’s return will be reduced by the amount of advisory fees charged by Peck Wealth Management and any other expenses, and the inclusion of Peck Wealth Management’s advisory fees will have a negative impact on client account performance.

Performance Results and Composition of Peck Wealth Management Signal Portfolio Strategy Indexes

Performance results for actual clients that invest in accordance with the Signal Portfolio Strategy models will vary from the back-tested performance due to current market conditions, investments cash flows, Exchange Traded Fund allocations, changing index allocations over time, frequency and precision of rebalancing, not following Peck Wealth Management’s advice, retention of previously held securities, tax loss harvesting, cash balances, lower advisory fees, and/or the timing of fee deductions. Tax liabilities will vary for each client and can result from various activities in taxable and tax-deferred accounts. These activities include, but are not limited to rebalancing of portfolios, percentage of client account invested in the Signal Portfolio Strategy funds, any sale of securities, tax loss harvesting, interest, dividends and capital gains distributions for individual securities in taxable accounts. There are also tax liabilities associated with distributions from tax-deferred accounts. Not all Peck Wealth Management clients will necessarily follow Peck Wealth Management’s recommendations and depending on unique and changing client and market situations, Peck Wealth Management may customize the construction and implementation of the Signal Portfolio Strategy for particular clients so that actual client accounts may differ materially from those shown. Actual implementation of the Signal Portfolio Strategy may have risks and potential returns that vary from the models. As a result of these and other variances, actual performance for client accounts may be materially different and may be lower than the results shown in the Signal Portfolio Strategy models. Clients should consult their account statements for information about how their actual performance compares to that of the models and ask your adviser to explain any differences.  Periods selected other than those shown may have different results, including losses.

QQQ:  QQQ is an Exchange Traded Fund by Invesco that tracks the NASDAQ 100 Index (NDX100). The NDX100 is an index of the largest 100 non-financial stocks on the NASDAQ Exchange.To maintain the correspondence between the composition and weights of the securities in QQQ and the stocks in the NASDAQ100 Index, Invesco adjusts the securities from time to time to conform to periodic changes in the identity and/or relative weights of index securities. The composition and weighting of the securities portion of a portfolio deposit are also adjusted to conform to changes in the index.

SPY:  SPY is an Exchange Traded Fund by SPDR that tracks the S&P500 Index. The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the S&P 500 Index, with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index.

AGG:  AGG is an Exchange Traded Fund that tracks the Bloomberg US Aggregate Index. The index measures the performance of the total U.S. investment-grade bond market. The fund generally invests at least 90% of its net assets in component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the economic characteristics of the component securities of its underlying index.

VBINX:  VBINX is the Vanguard Balanced Index Fund, which has 60% of its assets in stocks and 40% in bonds. The fund is closed to new investors. Allocations are based on two broad indexes. Stocks are based on the CRSP U.S. Total Market Index, which represents the entire investable U.S. stock market. The index represents stocks traded on the New York Stock Exchange and Nasdaq, including microcap, small, mid cap and large cap stocks. Bonds track the Bloomberg Barclays U.S. Aggregate Float Adjusted Index, which includes fixed-income securities of investment-grade that have maturities of more than one year.

VBMFX:  VBMFX is the Vanguard Total Bond Market Index Fund, this investment seeks to track the performance of the Bloomberg Barclays U.S. Aggregate Float Adjusted Index. This index measures the performance of a wide spectrum of public, investment-grade, taxable, fixed income securities in the United States-including government, corporate, and international dollar-denominated bonds, as well as mortgage-backed and asset-backed securities-all with maturities of more than 1 year. All of the fund's investments will be selected through the sampling process, and at least 80% of its assets will be invested in bonds held in the index.

Information About Peck Wealth Management

Peck Wealth Management, LLC is a state registered Investment Adviser. Information pertaining to Peck Wealth Management’s advisory operations, services, and fees is set forth in Peck Wealth Management’s current Form ADV Part 2 (Brochure) which is available upon request. Peck Wealth Management is not paid any brokerage commissions, sales loads, 12b-1 fees, or any form of compensation from any Exchange Traded Fund or broker dealer. The only source of compensation relating to Peck Wealth Management client investments is obtained from asset-based advisory fees paid by clients. 

Data Source Information

Peck Wealth Management’s data is taken from and Yahoo Finance. The information is not warranted to be accurate, complete or timely. Peck Wealth Management’s Signal Portfolio Strategy and return calculations are derived using Peck Wealth Management proprietary calculation methods, which apply rebalancing rules.


DISCLAIMER: THERE ARE NO WARRANTIES, EXPRESSED OR IMPLIED, AS TO ACCURACY, COMPLETENESS, OR RESULTS OBTAINED FROM ANY INFORMATION PROVIDED HEREIN OR ON THE MATERIAL PROVIDED. This document and the information which it accompanies or to which it refers and relates does not constitute a complete description of Peck Wealth Management’s investment services and is for informational purposes only. It is in no way a solicitation or an offer to sell securities or investment advisory services. Any statements regarding market or other financial information is obtained from sources which Peck Wealth Management believes to be reliable, but Peck Wealth Management does not warrant or guarantee the timeliness or accuracy of this information. Peck Wealth Management shall not be liable for any errors or inaccuracies, regardless of cause, or the lack of timeliness of, or for any delay or interruption in the transmission thereof to the user. All investments involve risk, including foreign currency exchange rates, political risks, market risk, different methods of accounting and financial reporting, and foreign taxes. Your use of these and all materials provided by Peck Wealth Management, including the Peck Wealth Management website is your acknowledgement that you have read and understood the full disclaimer as stated above.

5. Performance Criteria

1) Fearless Wealth used ETFs and funds that are highly liquid and available to all clients that access to ETFs.
2) Fearless Wealth used two moving averages to determine when to be in the market and when to be out of the market.
3) This approach has four “step-out’s” done in 25% increments. And the approach has four “step-ins” done in equal increments..
4) The performance numbers reflect not losing as much as the actual market in the 2000 “Dot Com” crash and the 2008 “Global Financial Crises” and thus provide better returns over those longer time periods.
5) There are periods of time that the underlying strategy underperforms just outright owning the underlying ETFs that it is invested in.
6) There are periods of time when the investors' money will be 25%, 50%, 75% and even 100% in cash. These times happen and they are not often.
7) Assumptions made are US stocks and US large Cap Growth Stocks will continue to perform well in the future. 
8) Assumptions - using the crossing of two moving averages to start stepping out of the market over time if the market continues to fall may trigger a tax event.
9) The risks are the signaling of the two moving averages crossing may not work as well in the future as they have in the past. And these moving averages may no longer be good risk signals on the ETFs they are being used for.
10) The limitation of this strategy is that the client’s money will only be allocated to the QQQ ETF and may not provide the allocations needed. Another limitation is this approach may not provide the client with the type of income they are looking for from the stock market. If this approach is used in a taxable account, there may be short-term and long-term taxable events when the approach signals to step out of the market.

6. Performance Portability

Fearless Wealth employees RC Peck and RC Peck is primarily responsible for achieving the prior performance results at the advertised company. The performance results provided at Fearless Wealth can be replicated at one’s personal account if they access to the same or similar  “off the shelf” symbols, ETFs, ETNs and funds. Fearless Wealth believes the performance numbers are presented in a fair and balanced way and do not include taxes, fees or expenses. 

7. Testimonials

Fearless Wealth will sometimes use testimonials that include the personal performance and experience of those customers. Fearless Wealth does not compensate any of its customers to leave testimonials and all testimonials are provided by current or past customers. If there is any material conflict of interest on the part of the person giving the testimonial or endorsement that conflict will be provided. Fearless Wealth has not performed its own audit of the person’s performance providing the testimonial. Fearless Wealth has a reasonable basis for believing that any testimonial or endorsement complies with the requirements of the law. 

8. Relationships

RC Peck is the owner of Fearless Wealth, Inc, which is an investor education company that provides two services: (1) Market Research which includes a model portfolio and (2) Investor Education Training. Neither of these services provide investment advice, act as an advisor, they are solely for education. 

RC Peck is the owner of Peck Wealth Management, LLC (PWM). Peck Wealth Management manages people's money, is a fiduciary, provides financial advising, is a Registered Investment Advisor with the State of Washington and California. 

Fearless Wealth and Peck Wealth Management have an advertising agreement. We reserve the right to send solicitations from Peck Wealth Management. Any such solicitations will be clearly indicated. 

Fearless Wealth, Inc. If you have a question about your account or you want to speak to customer service, contact us.