Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

of

The Meta Points of Investing Slide 1 The Meta Points of Investing Slide 2 The Meta Points of Investing Slide 3 The Meta Points of Investing Slide 4 The Meta Points of Investing Slide 5 The Meta Points of Investing Slide 6 The Meta Points of Investing Slide 7 The Meta Points of Investing Slide 8 The Meta Points of Investing Slide 9 The Meta Points of Investing Slide 10 The Meta Points of Investing Slide 11 The Meta Points of Investing Slide 12 The Meta Points of Investing Slide 13 The Meta Points of Investing Slide 14 The Meta Points of Investing Slide 15 The Meta Points of Investing Slide 16 The Meta Points of Investing Slide 17
Upcoming SlideShare
What to Upload to SlideShare
Next
Download to read offline and view in fullscreen.

0 Likes

Share

Download to read offline

The Meta Points of Investing

Download to read offline

Here's the slide deck from one of Maya Marisa Joelson's popular presentations at the Harvard Club in Washington DC.

Related Books

Free with a 30 day trial from Scribd

See all
  • Be the first to like this

The Meta Points of Investing

  1. 1. Harvard Club of DC The Meta Points of Investing Maya Marisa Joelson HKS 2004 President, Meta Point Advisors
  2. 2. Historical US Interest Rates 0 2 4 6 8 10 12 14 16 18 20 03/1970 10/1971 05/1973 12/1974 07/1976 02/1978 09/1979 04/1981 11/1982 06/1984 01/1986 08/1987 03/1989 10/1990 05/1992 12/1993 07/1995 02/1997 09/1998 04/2000 11/2001 06/2003 01/2005 08/2006 03/2008 10/2009 05/2011 12/2012 07/2014 02/2016 09/2017 Fed Funds Rate US 10 Year Treasury
  3. 3. US Interest Rates to Bond Index 0 1 2 3 4 5 6 1000 1200 1400 1600 1800 2000 2200 1/1/2007 1/1/2008 1/1/2009 1/1/2010 1/1/2011 1/1/2012 1/1/2013 1/1/2014 1/1/2015 1/1/2016 1/1/2017 LBUSTRUU Index USGG10YR Index
  4. 4. US Stock Market: S&P 500 Index 0 500 1000 1500 2000 2500 03/1971 04/1973 05/1975 06/1977 07/1979 08/1981 09/1983 10/1985 11/1987 12/1989 01/1992 02/1994 03/1996 04/1998 05/2000 06/2002 07/2004 08/2006 09/2008 10/2010 11/2012 12/2014 01/2017 S&P 500
  5. 5. Stock Market: S&P and Nasdaq 0 1000 2000 3000 4000 5000 6000 7000 03/1971 10/1972 05/1974 12/1975 07/1977 02/1979 09/1980 04/1982 11/1983 06/1985 01/1987 08/1988 03/1990 10/1991 05/1993 12/1994 07/1996 02/1998 09/1999 04/2001 11/2002 06/2004 01/2006 08/2007 03/2009 10/2010 05/2012 12/2013 07/2015 02/2017 S&P 500 Nasdaq
  6. 6. S&P v. Bond Yields 1 3 5 7 9 11 13 15 0 500 1000 1500 2000 2500 3000 1/70 11/71 9/73 7/75 5/77 3/79 1/81 11/82 9/84 7/86 5/88 3/90 1/92 11/93 9/95 7/97 5/99 3/01 1/03 11/04 9/06 7/08 5/10 3/12 1/14 11/15 9/17 SPX Index (R1) USGG10YR Index (L1)
  7. 7. Bond Yields Still very Low to SP Yield… -200 0 200 400 600 800 1000 12/70 2/72 4/73 6/74 8/75 10/76 12/77 2/79 4/80 6/81 8/82 10/83 12/84 2/86 4/87 6/88 8/89 10/90 12/91 2/93 4/94 6/95 8/96 10/97 12/98 2/00 4/01 6/02 8/03 10/04 12/05 2/07 4/08 6/09 8/10 10/11 12/12 2/14 4/15 6/16 8/17 Ratio of US 10 Yr to SP Dividend Yield
  8. 8. Oil peaked in August 2008 but stayed high for several years… 0 20 40 60 80 100 120 140 09/83 11/84 01/86 03/87 05/88 07/89 09/90 11/91 01/93 03/94 05/95 07/96 09/97 11/98 01/00 03/01 05/02 07/03 09/04 11/05 01/07 03/08 05/09 07/10 09/11 11/12 01/14 03/15 05/16 07/17 Oil/$ per barrel (WTI)
  9. 9. Sector Performance since 1990 0 2 4 6 8 10 12 14 3/90 3/91 3/92 3/93 3/94 3/95 3/96 3/97 3/98 3/99 3/00 3/01 3/02 3/03 3/04 3/05 3/06 3/07 3/08 3/09 3/10 3/11 3/12 3/13 3/14 3/15 3/16 3/17 S&P 500 Financials Healthcare IT Energy Utilities Consumer Staples Consumer Discretionary
  10. 10. Sector Performance since 2014 0.6 0.7 0.8 0.9 1 1.1 1.2 1.3 1.4 1.5 1.6 1/14 3/14 5/14 7/14 9/14 11/14 1/15 3/15 5/15 7/15 9/15 11/15 1/16 3/16 5/16 7/16 9/16 11/16 1/17 3/17 5/17 S&P 500 Financials Healthcare IT Energy Utilities Consumer Staples Consumer Discretionary Industrials
  11. 11. Sectors Matter…
  12. 12. Emerging and “international” markets Wall Street Journal: Tech companies have powered this year’s rally in the developing world, helping the MSCI Emerging Markets Index return 29%, its highest level in six years. The emerging markets tech sector’s return this year is nearly double, at 54%, compared with the overall index year-to-date, according to MSCI. The rise of technology companies represents a major reversal from earlier years, when banks, utilities and commodity producers dominated stock trading in the developing world. In 1995, when global investing in emerging-market stocks started to take off, tech shares accounted for only 1.5% of the index, according to MSCI. Now, tech companies make up about 27% of the emerging markets index, according to the latest figures. That’s slightly more than U.S. tech’s share of S&P 500 market value, which stood at nearly 24% at the end of August.
  13. 13. Market Data as of 9/8/2017 • Remember Rule of 72! • A 50% loss?!
  14. 14. Stocks Matter 0 5 10 15 20 25 30 06/05 12/05 06/06 12/06 06/07 12/07 06/08 12/08 06/09 12/09 06/10 12/10 06/11 12/11 06/12 12/12 06/13 12/13 06/14 12/14 06/15 12/15 06/16 12/16 06/17 Apple S+P Starbucks Amazon Exxon JCPenney IBM Ford Merck Lockheed Martin
  15. 15. Taxes, Losses, and Fees Matter • Capital Gains • Ordinary Income • Loss of 50% • Fiduciary Rule
  16. 16. Meta Point Investment Matrix Speculative Protective Retirement Taxable • Note with downside protection • Corporate bonds • Annuities • Municipal bonds • Tax deferred annuities • Growth stocks • Emerging market stocks • Dividend paying stocks • Real estate tax-efficient • Private equity © Marisa Joelson
  17. 17. Questions?

Here's the slide deck from one of Maya Marisa Joelson's popular presentations at the Harvard Club in Washington DC.

Views

Total views

76

On Slideshare

0

From embeds

0

Number of embeds

37

Actions

Downloads

2

Shares

0

Comments

0

Likes

0

×