This month we cover the basic but somewhat difficult subject of stock valuation. https://lnkd.in/ekTbD9r7
关于我们
Personal financial advisory practice of Roberto Isasi, CFA, CFP.
- 网站
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https://isasiwealth.com/
Isasi Wealth Advisory的外部链接
- 所属行业
- 金融服务
- 规模
- 1 人
- 总部
- Weston，Florida
- 类型
- 个体经营
- 创立
- 2023
地点
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主要
获取路线
US，Florida，Weston，33326
动态
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This month we cover Private Equity Funds, a relatively new addition to the investment universe, that should be considered as it may bring desirable attributes to the overall investment portfolio, but that needs to be carefully vetted before investing. [También disponible en Espa?ol] https://lnkd.in/eN9ezbmd
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This month we cover the topic of dividends, a key component of income-oriented and total return strategies, and something that is not always completely understood or optimized. https://lnkd.in/d42syn4c
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Today we zero in on an area that has been going through significant regulatory changes: withdrawal rules for inherited IRA. This is a complex area that will most likely affect all of us because -with a proper financial plan- there is a chance that some balances will be left in our IRA accounts. [Disponible en Espa?ol] https://lnkd.in/gTtwCdUx
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Entrepreneurs and small business owners are of the optimist kind and taking risks is key to persevere. However, being mindful of long-term risks and preparing for retirement should be at the top of their priorities as much as it is for anyone else. Fortunately, the US tax code has really good retirement plans for them. Today we focus on retirement plans for entrepreneurs. [Available in Spanish] https://lnkd.in/eu44zweS
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In today's article we cover Financial Independence, a topic that has gained traction during the last decade. The concept is very attractive yet it requires either disproportionate assets, or some serious financial planning to consider yourself (reasonably) financially independent 10 or 15 years before retirement age. https://lnkd.in/eWwM3jdT
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The whole "let's seriously analyze investments" started around this time in 1995.
Shout-out to Giampiero Riccio, CFA who, in 1995, encouraged me to pursue the CFA designation, at the time offered by the Association for Investment Management and Research (AIMR), now rebranded as the CFA Institute. I have no means to prove it, but it is quite possible that Giampiero and I were among the first charteholders based in Venezuela, then an emerging country with a nascent asset management industry. The rest is history.
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Some expert reasoning on the preference for Roth Retirement Savings Plans.
This short Morningstar interview with IRA expert Ed Slott gives us more context on our recent article on Roth Retirement Savings Plans.
Should You Bother Contributing to a Pretax 401(k) or IRA?
morningstar.com
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This month we talk about Roth retirement savings plans, with a focus on the underutilized Roth 401k, a remarkable tool for long-term savings and a unique way to mitigate the risk of future tax law changes. [También disponible en espa?ol] https://lnkd.in/e6Mfs_JG
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In defense of the 60:40 portfolio.
There is nothing inherently temporary about the 60% (stocks) and 40% (bonds) portfolio. It works because it reflects a statistically appropriate mix of exposures to value creation forces on one hand (companies willing to grow and maximize profits) and the inherently counterbalancing force of base interest rates on the other (if things go well rates rise, and vice versa). If markets are reasonably free from intervention, this mix should work. Furthermore, in the face of an economic slowdown, stock prices will suffer due to lower expected economic activity and bonds will thrive because discount rates should fall (this is diversification at its best). For most of the rest of the time, that is, while the economy is not too hot or too cold, bonds will just pay its coupons and coast along with only one third of the volatility of stocks, and this is also diversification. In rare occasions, stocks and bonds will underperform at the same time (no diversification), particularly on the face of sudden inflationary bouts, as it happened in 1974 and 2022. The 60:40 portfolio remains an all-weather, middle-of-the-road portfolio that can be further optimized by adding other low correlated assets to the mix: real estate, gold, and even some well-run hedge strategies, among others. The role of private equity, private credit, infrastructure and even crypto, I will leave aside to discuss on another day. As for the occasional misalignment in market valuations (i.e., extreme valuations), we just need to remember that diversification, periodic rebalancing, and recurrent contributions (when possible) are the best actions not only to mitigate its effects but to take advantage of them. [The above is NOT investment advice. Each investor has its own needs and circumstances and will require a personalized recommendation]. From the WSJ (paywalled):