The document discusses the Federal Reserve's monetary policy outlook. It states that given current economic conditions, including low rates of resource utilization and subdued inflation projections, the Federal Reserve expects to maintain exceptionally low interest rates through at least late 2014.
- UBS is a global wealth management firm with over 140 years of history serving high-net-worth individuals and families.
- The document discusses UBS's services including financial planning, investment research, and wealth management during changing market conditions.
- It provides an example of a financial plan for a hypothetical couple that analyzes their goals and the likelihood of achieving them under various market scenarios.
Retirement Planning is the process of determining and accumulating the retirement corpus one would require to live a comfortable life after the paid work life ends.
The ultimate goal of retirement planning is to achieve financial independence.
Objectives-
To cover medical expenses and be prepared for medical emergencies.
To create regular income sources after retirement.
To deal with any kind of uncertainities.
As the Indian economy will mature, the interest rate and stock market return will continue to moderate resulting in lower return from investment.
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PPF ECUADOR LAND DEVELOPMENT & CONSTRUCTION FUND (ELDC) I-SHARES (ENG) JUNE 2016Pegasus Property Funds™
- The maximum initial entry fee is up to 4% and the annual management charge is 1% of NAV charged quarterly in arrears. Redemption penalties range from 9.9% to 0% depending on time in fund.
- Dividends are paid annually or reinvested. Partial withdrawals up to 5% annually of initial investment are allowed after a certain period free of redemption penalties.
- The fund focuses on acquiring land for construction of residential and commercial properties in Ecuador, with the objective of delivering a guaranteed 10.5% annual return in US dollars.
International business finance/abshor.marantika/ Ega Naufal Yezanya/3-03YezanyaModesthaFirst
An American business needs to convert currencies to pay suppliers in Canada, Japan, and Switzerland. To pay the Canadian supplier $25,139 is needed to buy 30,000 Canadian dollars. To pay the Japanese supplier $4,687 is needed to buy 1,000,000 yen. To pay the Swiss supplier $20,556 is needed to buy 40,000 Swiss francs.
Bluestone Resources is a mineral exploration and development company that is focused on advancing its 100-per-cent-owned Cerro Blanco gold and Mita geothermal projects located in Guatemala. A feasibility study on Cerro Blanco returned robust economics with a quick payback. The average annual production is projected to be 146,000 ounces per year over the first three years of production with all-in sustaining costs of $579/oz (as defined per World Gold Council guidelines, less corporate general and administration.
The Ecuador Residential & Commercial Property Fund aims to acquire land, incomplete construction projects, bank repossessed properties, and existing properties in Ecuador for residential and commercial rental purposes. The fund seeks to invest in properties located near future infrastructure projects in Quito, Guayaquil and Cuenca. It aims to develop properties, complete construction projects, upgrade existing properties and rent them to generate annual returns of 8-10% from rental income. The fund offers investors a guaranteed 12.5% annual return paid from rental yields, resales, local money market investments and reduced fees. It is denominated in US dollars to mitigate currency risk.
- Any investment requires committing funds for a period of time in order to receive future payments that compensate for the time value of money, expected inflation, and investment risk.
- There are different ways to calculate rates of return over multiple periods, including equivalent annual return, arithmetic mean, and geometric mean.
- Risk is the uncertainty of an investment's expected return, which is influenced by factors like business risk, financial risk, liquidity risk, exchange rate risk, and country risk. Investors require higher returns to compensate for higher risk.
The document provides information on creating financial goals and developing a personal financial plan. It discusses setting SMART goals, developing a spending plan or budget, tracking expenses, calculating debt-to-income ratios, and creating an action plan. Key aspects of a financial plan include listing income, savings, living expenses, indebtedness, and ensuring expenses do not exceed income through monitoring surplus and deficits.
- UBS is a global wealth management firm with over 140 years of history serving high-net-worth individuals and families.
- The document discusses UBS's services including financial planning, investment research, and wealth management during changing market conditions.
- It provides an example of a financial plan for a hypothetical couple that analyzes their goals and the likelihood of achieving them under various market scenarios.
Retirement Planning is the process of determining and accumulating the retirement corpus one would require to live a comfortable life after the paid work life ends.
The ultimate goal of retirement planning is to achieve financial independence.
Objectives-
To cover medical expenses and be prepared for medical emergencies.
To create regular income sources after retirement.
To deal with any kind of uncertainities.
As the Indian economy will mature, the interest rate and stock market return will continue to moderate resulting in lower return from investment.
Thank You For Watching
Subscribe to DevTech Finance
PPF ECUADOR LAND DEVELOPMENT & CONSTRUCTION FUND (ELDC) I-SHARES (ENG) JUNE 2016Pegasus Property Funds™
- The maximum initial entry fee is up to 4% and the annual management charge is 1% of NAV charged quarterly in arrears. Redemption penalties range from 9.9% to 0% depending on time in fund.
- Dividends are paid annually or reinvested. Partial withdrawals up to 5% annually of initial investment are allowed after a certain period free of redemption penalties.
- The fund focuses on acquiring land for construction of residential and commercial properties in Ecuador, with the objective of delivering a guaranteed 10.5% annual return in US dollars.
International business finance/abshor.marantika/ Ega Naufal Yezanya/3-03YezanyaModesthaFirst
An American business needs to convert currencies to pay suppliers in Canada, Japan, and Switzerland. To pay the Canadian supplier $25,139 is needed to buy 30,000 Canadian dollars. To pay the Japanese supplier $4,687 is needed to buy 1,000,000 yen. To pay the Swiss supplier $20,556 is needed to buy 40,000 Swiss francs.
Bluestone Resources is a mineral exploration and development company that is focused on advancing its 100-per-cent-owned Cerro Blanco gold and Mita geothermal projects located in Guatemala. A feasibility study on Cerro Blanco returned robust economics with a quick payback. The average annual production is projected to be 146,000 ounces per year over the first three years of production with all-in sustaining costs of $579/oz (as defined per World Gold Council guidelines, less corporate general and administration.
The Ecuador Residential & Commercial Property Fund aims to acquire land, incomplete construction projects, bank repossessed properties, and existing properties in Ecuador for residential and commercial rental purposes. The fund seeks to invest in properties located near future infrastructure projects in Quito, Guayaquil and Cuenca. It aims to develop properties, complete construction projects, upgrade existing properties and rent them to generate annual returns of 8-10% from rental income. The fund offers investors a guaranteed 12.5% annual return paid from rental yields, resales, local money market investments and reduced fees. It is denominated in US dollars to mitigate currency risk.
- Any investment requires committing funds for a period of time in order to receive future payments that compensate for the time value of money, expected inflation, and investment risk.
- There are different ways to calculate rates of return over multiple periods, including equivalent annual return, arithmetic mean, and geometric mean.
- Risk is the uncertainty of an investment's expected return, which is influenced by factors like business risk, financial risk, liquidity risk, exchange rate risk, and country risk. Investors require higher returns to compensate for higher risk.
The document provides information on creating financial goals and developing a personal financial plan. It discusses setting SMART goals, developing a spending plan or budget, tracking expenses, calculating debt-to-income ratios, and creating an action plan. Key aspects of a financial plan include listing income, savings, living expenses, indebtedness, and ensuring expenses do not exceed income through monitoring surplus and deficits.
This document outlines the key concepts and formulas for time value of money. It discusses future value and present value, and how to calculate these using compound interest formulas and tables. It also covers topics like calculating the future and present value of annuities, mixed cash flows, perpetuities, and how to determine interest rates and payments required to reach a future sum. The overall goal is to explain the role and calculation of time value of money in finance.
The document discusses interest and economic equivalence. It provides examples and formulas for calculating simple interest, including examples of calculating interest earned on investments and interest paid on loans. It also discusses establishing economic equivalence between cash flows of different amounts that have the same economic value when discounted at an appropriate interest rate. For example, depositing $2,042 today at 8% interest would be equivalent to having $3,000 in 5 years.
This document provides an overview of key concepts related to capital markets, savings, investment, and interest rates. It defines savings as current income deferred for future consumption. It presents US personal income and savings statistics. It defines investment as the purchase of new capital goods and distinguishes between gross and net investment. It discusses factors that determine interest rates and the shapes of yield curves. It also covers the differences between real and nominal interest rates and concepts like present value and household savings behavior.
The document outlines the top 5 budget priorities for Alaska's 2016 fiscal year budget: 1) Achieve a sustainable $4.5 billion budget by 2018 through a 3 year plan of spending reductions; 2) Reduce unrestricted general fund spending for 2017 from $5.4 billion to $4.9 billion; 3) Enact measures to keep the Alaska LNG project on track which requires $750 million; 4) Treat annual permanent fund earnings not used for dividends or inflation proofing as revenue; 5) Fill any remaining budget gaps using earnings reserves or the constitutional budget reserve. It also provides details on reducing oil tax credits, operating budgets, and using permanent fund earnings to balance the budget.
After a slide in gold prices due to positive economic news and rising bond yields, gold miners will be negatively impacted. Strong economic data showing rising personal income, consumer spending, and durable goods orders indicates the economy is improving. Rising bond yields are also bad for gold prices. This means gold miners require a unique macroeconomic backdrop of low growth and high inflation to thrive. The recent trends may not be long lasting for bearish gold prices, but it could still take time for prices to recover.
- Time value of money refers to the concept that money received today is worth more than the same amount in the future due to its potential to earn interest.
- There are four key financial concepts related to time value of money: future value of a single amount, present value of a single amount, future value of an annuity, and present value of an annuity.
- Compounding interest over long periods of time can significantly increase the value of an investment through the power of compounding, as demonstrated by the example of $1 growing to over $2000 in the stock market over 75 years.
The document compares the Indian rupee and U.S. dollar, discusses reasons for the rupee's depreciation against the dollar such as widening current account deficit and withdrawal of foreign investors, and effects of rupee depreciation like increased import costs and inflation. It also outlines steps that can be taken for rupee appreciation, including increasing exports, reducing imports, promoting tourism, and raising awareness among people to use domestic products and public transport.
Standpoint: Diversifying Into Property by Malcom HomesSTANLIB
This document discusses how property can fit into an investor's portfolio as a means of diversification and hedge against inflation. It notes that property has traditionally provided stable returns, though it is also sensitive to economic conditions. The document analyzes property returns over different time periods and economic backdrops, finding that property has consistently outperformed other asset classes like bonds and cash over the long run. It recommends including some exposure to property, both domestic and international, as part of a balanced portfolio.
PPF ECUADOR LAND DEVELOPMENT & CONSTRUCTION FUND (ELDC) A-SHARES (ENG) JUNE 2016Pegasus Property Funds™
This document summarizes the fees and investment details of the Ecuador Land Development & Construction Fund. Key details include:
- Maximum initial entry fee of up to 4%, annual management charge of 2%, and performance fee of 10% of any outperformance.
- Property expense ratio of 0.35% deducted quarterly for property-related costs. Redemption penalties reduce from 9.9% to 0% quarterly.
- The fund focuses on acquiring and developing land in Ecuador for residential and commercial construction projects near infrastructure. The objective is to achieve returns of 25-30% annually through this strategy.
Alaska's Fiscal Crisis: The Challenge, the Solution and How to Achieve It (1....Brad Keithley
This document discusses Alaska's fiscal crisis and proposes a solution. It notes that Alaska is projected to run out of savings by 2023 due to declining oil revenues and continued overspending. The proposed solution is to set a sustainable budget level based on expected revenues from the Permanent Fund, oil/gas production, and other sources. The sustainable budget level is estimated at $4.5 billion annually. However, the current budget is $5.9 billion, which is $1.4 billion over the sustainable level. To achieve fiscal sustainability, annual budget reductions of around $500 million are recommended over three years to bring spending in line with expected long-term revenues. The document argues for the governor and legislature to work together to
PPF ECUADOR LAND DEVELOPMENT & CONSTRUCTION FUND (ELDC) A-SHARES (ENG) JULY 2016Pegasus Property Funds™
- The document outlines fees and information for the Ecuador Land Development & Construction Fund.
- Fees include an initial maximum entry fee of up to 4%, annual management charge of 2% of NAV, and performance fee of 10% of any returns above the benchmark index.
- The fund focuses on acquiring and developing land in Ecuador for residential and commercial construction projects. The objective is to achieve returns of 25-30% annually.
The document discusses time value of money concepts including present and future value, discounting, compounding, annuities, perpetuities, and net present value. It provides formulas for calculating future and present value under different conditions like single amount, annuity, perpetuity, and growing perpetuity. It also includes sample numerical problems and solutions related to time value of money concepts.
The document discusses concepts related to time value of money including compounding, discounting, present and future value. It provides examples of how these concepts can be applied to investments, loans, and other financial decisions over multiple time periods. Key applications mentioned include savings for retirement, valuation of bonds and perpetuities, and capital budgeting.
This document outlines key considerations for planning retirement, including defining your retirement goals, assessing sources of retirement income, managing investments, and addressing potential challenges. It discusses common retirement phases and lifestyle types, importance of tracking spending, impact of inflation, strategies for healthcare and debt management, and working with an advisor to help navigate financial roadblocks and make optimal planning decisions. The overall message is for individuals to carefully plan early to help ensure a secure and fulfilling retirement.
The document summarizes the costs of peso appreciation for the Philippine economy. It finds that for every 10% the peso is overvalued, GDP growth is reduced by 0.2%. Keeping the peso at 41 PHP/$ until 2017 would result in lost GDP from appreciation compared to returning it to 45 PHP/$. The author recommends macroprudential measures by the central bank to reduce appreciation, lowering interest rates, raising inflation targets, and printing pesos to soak up foreign inflows. Fiscal measures include borrowing dollars domestically and issuing infrastructure bonds. Public support is needed to abandon the view that a strong peso means a strong economy and instead support a weak, job-creating peso.
Gold investment demand increased last month as gold prices rose and inflation hit multi-decade highs. Unlike gold, cryptocurrencies like Bitcoin plunged, knocking over 30% off Bitcoin's price. Adding gold to a portfolio of 60% stocks and 40% bonds can provide diversification benefits by reducing losses during downturns in stocks and smoothing overall returns. Holding as little as 10% in gold would have significantly reduced losses during past market crises like the 2008 financial crisis and 2000-2004 tech stock crash.
The document discusses the recent depreciation of the Indian rupee against the US dollar. It notes that the rupee has fallen close to 22% against the dollar in the past year. Several factors are contributing to the rupee's decline, including a high current account deficit, lack of foreign investment, global economic uncertainties, and domestic political issues. The depreciating rupee increases costs for imports and foreign education/travel, fueling inflation. While exporters may benefit initially, a weak rupee ultimately hurts the broader economy. Policy reforms and increased foreign investment are suggested to stabilize the currency.
Take a look at this week’s Chart Book from Accuvest Global Advisors with updates on the following:
Global Financial Conditions
Global Equity Markets
Interest Rates and Fixed Income
The Economy
Major Currencies
Commodities
Investor Sentiment
Accuvest Global Advisors is a California based RIA and sub-advisor of the AdvisorShares Accuvest Global Opportunities ETF (ACCU) and the AdvisorShares Accuvest Global Long Short ETF (AGLS).
This document discusses strategies for wealth creation and preservation through financial planning and investment advice. It makes the following key points:
1. Saving regularly and financial planning are important for stable living standards and preserving wealth against risks. Professional advice can help enhance returns in both good and bad markets.
2. Equities have potential for high returns but are volatile, while fixed income carries less risk but also lower returns. A diversified portfolio is important.
3. Inflation erodes the real value of money over time, so investments need to beat inflation for true wealth preservation. Equities have historically outperformed inflation where other assets have not.
4. Seeking professional financial advice can help individuals understand investments,
The document discusses key considerations for retirement planning including assessing lifestyle needs and goals, understanding investment risks in retirement, ensuring adequate income and managing assets appropriately. It emphasizes creating a financial plan, diversifying investments, rebalancing portfolios over time and avoiding emotional reactions to market volatility to achieve retirement objectives.
This document outlines the key concepts and formulas for time value of money. It discusses future value and present value, and how to calculate these using compound interest formulas and tables. It also covers topics like calculating the future and present value of annuities, mixed cash flows, perpetuities, and how to determine interest rates and payments required to reach a future sum. The overall goal is to explain the role and calculation of time value of money in finance.
The document discusses interest and economic equivalence. It provides examples and formulas for calculating simple interest, including examples of calculating interest earned on investments and interest paid on loans. It also discusses establishing economic equivalence between cash flows of different amounts that have the same economic value when discounted at an appropriate interest rate. For example, depositing $2,042 today at 8% interest would be equivalent to having $3,000 in 5 years.
This document provides an overview of key concepts related to capital markets, savings, investment, and interest rates. It defines savings as current income deferred for future consumption. It presents US personal income and savings statistics. It defines investment as the purchase of new capital goods and distinguishes between gross and net investment. It discusses factors that determine interest rates and the shapes of yield curves. It also covers the differences between real and nominal interest rates and concepts like present value and household savings behavior.
The document outlines the top 5 budget priorities for Alaska's 2016 fiscal year budget: 1) Achieve a sustainable $4.5 billion budget by 2018 through a 3 year plan of spending reductions; 2) Reduce unrestricted general fund spending for 2017 from $5.4 billion to $4.9 billion; 3) Enact measures to keep the Alaska LNG project on track which requires $750 million; 4) Treat annual permanent fund earnings not used for dividends or inflation proofing as revenue; 5) Fill any remaining budget gaps using earnings reserves or the constitutional budget reserve. It also provides details on reducing oil tax credits, operating budgets, and using permanent fund earnings to balance the budget.
After a slide in gold prices due to positive economic news and rising bond yields, gold miners will be negatively impacted. Strong economic data showing rising personal income, consumer spending, and durable goods orders indicates the economy is improving. Rising bond yields are also bad for gold prices. This means gold miners require a unique macroeconomic backdrop of low growth and high inflation to thrive. The recent trends may not be long lasting for bearish gold prices, but it could still take time for prices to recover.
- Time value of money refers to the concept that money received today is worth more than the same amount in the future due to its potential to earn interest.
- There are four key financial concepts related to time value of money: future value of a single amount, present value of a single amount, future value of an annuity, and present value of an annuity.
- Compounding interest over long periods of time can significantly increase the value of an investment through the power of compounding, as demonstrated by the example of $1 growing to over $2000 in the stock market over 75 years.
The document compares the Indian rupee and U.S. dollar, discusses reasons for the rupee's depreciation against the dollar such as widening current account deficit and withdrawal of foreign investors, and effects of rupee depreciation like increased import costs and inflation. It also outlines steps that can be taken for rupee appreciation, including increasing exports, reducing imports, promoting tourism, and raising awareness among people to use domestic products and public transport.
Standpoint: Diversifying Into Property by Malcom HomesSTANLIB
This document discusses how property can fit into an investor's portfolio as a means of diversification and hedge against inflation. It notes that property has traditionally provided stable returns, though it is also sensitive to economic conditions. The document analyzes property returns over different time periods and economic backdrops, finding that property has consistently outperformed other asset classes like bonds and cash over the long run. It recommends including some exposure to property, both domestic and international, as part of a balanced portfolio.
PPF ECUADOR LAND DEVELOPMENT & CONSTRUCTION FUND (ELDC) A-SHARES (ENG) JUNE 2016Pegasus Property Funds™
This document summarizes the fees and investment details of the Ecuador Land Development & Construction Fund. Key details include:
- Maximum initial entry fee of up to 4%, annual management charge of 2%, and performance fee of 10% of any outperformance.
- Property expense ratio of 0.35% deducted quarterly for property-related costs. Redemption penalties reduce from 9.9% to 0% quarterly.
- The fund focuses on acquiring and developing land in Ecuador for residential and commercial construction projects near infrastructure. The objective is to achieve returns of 25-30% annually through this strategy.
Alaska's Fiscal Crisis: The Challenge, the Solution and How to Achieve It (1....Brad Keithley
This document discusses Alaska's fiscal crisis and proposes a solution. It notes that Alaska is projected to run out of savings by 2023 due to declining oil revenues and continued overspending. The proposed solution is to set a sustainable budget level based on expected revenues from the Permanent Fund, oil/gas production, and other sources. The sustainable budget level is estimated at $4.5 billion annually. However, the current budget is $5.9 billion, which is $1.4 billion over the sustainable level. To achieve fiscal sustainability, annual budget reductions of around $500 million are recommended over three years to bring spending in line with expected long-term revenues. The document argues for the governor and legislature to work together to
PPF ECUADOR LAND DEVELOPMENT & CONSTRUCTION FUND (ELDC) A-SHARES (ENG) JULY 2016Pegasus Property Funds™
- The document outlines fees and information for the Ecuador Land Development & Construction Fund.
- Fees include an initial maximum entry fee of up to 4%, annual management charge of 2% of NAV, and performance fee of 10% of any returns above the benchmark index.
- The fund focuses on acquiring and developing land in Ecuador for residential and commercial construction projects. The objective is to achieve returns of 25-30% annually.
The document discusses time value of money concepts including present and future value, discounting, compounding, annuities, perpetuities, and net present value. It provides formulas for calculating future and present value under different conditions like single amount, annuity, perpetuity, and growing perpetuity. It also includes sample numerical problems and solutions related to time value of money concepts.
The document discusses concepts related to time value of money including compounding, discounting, present and future value. It provides examples of how these concepts can be applied to investments, loans, and other financial decisions over multiple time periods. Key applications mentioned include savings for retirement, valuation of bonds and perpetuities, and capital budgeting.
This document outlines key considerations for planning retirement, including defining your retirement goals, assessing sources of retirement income, managing investments, and addressing potential challenges. It discusses common retirement phases and lifestyle types, importance of tracking spending, impact of inflation, strategies for healthcare and debt management, and working with an advisor to help navigate financial roadblocks and make optimal planning decisions. The overall message is for individuals to carefully plan early to help ensure a secure and fulfilling retirement.
The document summarizes the costs of peso appreciation for the Philippine economy. It finds that for every 10% the peso is overvalued, GDP growth is reduced by 0.2%. Keeping the peso at 41 PHP/$ until 2017 would result in lost GDP from appreciation compared to returning it to 45 PHP/$. The author recommends macroprudential measures by the central bank to reduce appreciation, lowering interest rates, raising inflation targets, and printing pesos to soak up foreign inflows. Fiscal measures include borrowing dollars domestically and issuing infrastructure bonds. Public support is needed to abandon the view that a strong peso means a strong economy and instead support a weak, job-creating peso.
Gold investment demand increased last month as gold prices rose and inflation hit multi-decade highs. Unlike gold, cryptocurrencies like Bitcoin plunged, knocking over 30% off Bitcoin's price. Adding gold to a portfolio of 60% stocks and 40% bonds can provide diversification benefits by reducing losses during downturns in stocks and smoothing overall returns. Holding as little as 10% in gold would have significantly reduced losses during past market crises like the 2008 financial crisis and 2000-2004 tech stock crash.
The document discusses the recent depreciation of the Indian rupee against the US dollar. It notes that the rupee has fallen close to 22% against the dollar in the past year. Several factors are contributing to the rupee's decline, including a high current account deficit, lack of foreign investment, global economic uncertainties, and domestic political issues. The depreciating rupee increases costs for imports and foreign education/travel, fueling inflation. While exporters may benefit initially, a weak rupee ultimately hurts the broader economy. Policy reforms and increased foreign investment are suggested to stabilize the currency.
Take a look at this week’s Chart Book from Accuvest Global Advisors with updates on the following:
Global Financial Conditions
Global Equity Markets
Interest Rates and Fixed Income
The Economy
Major Currencies
Commodities
Investor Sentiment
Accuvest Global Advisors is a California based RIA and sub-advisor of the AdvisorShares Accuvest Global Opportunities ETF (ACCU) and the AdvisorShares Accuvest Global Long Short ETF (AGLS).
This document discusses strategies for wealth creation and preservation through financial planning and investment advice. It makes the following key points:
1. Saving regularly and financial planning are important for stable living standards and preserving wealth against risks. Professional advice can help enhance returns in both good and bad markets.
2. Equities have potential for high returns but are volatile, while fixed income carries less risk but also lower returns. A diversified portfolio is important.
3. Inflation erodes the real value of money over time, so investments need to beat inflation for true wealth preservation. Equities have historically outperformed inflation where other assets have not.
4. Seeking professional financial advice can help individuals understand investments,
The document discusses key considerations for retirement planning including assessing lifestyle needs and goals, understanding investment risks in retirement, ensuring adequate income and managing assets appropriately. It emphasizes creating a financial plan, diversifying investments, rebalancing portfolios over time and avoiding emotional reactions to market volatility to achieve retirement objectives.
What are realistic expectations for long-term capital market returns, and how are they forecast? Check out this month's Investment Insights for a historical look.
Moneyfarm, London 3 March 2020
Speakers:
Giovanni Daprà, Co-founder and CEO of Moneyfarm
Richard Flax, Chief Investment Officer at Moneyfarm
James Ballinger, Head of Investment Advisory at Moneyfarm
Invesco's philosophy guides how they manage investments, provide choices, and connect with clients. They search globally for investment opportunities and follow disciplined processes. Their wide range of investment strategies and vehicles allows clients to create customized portfolios. They are committed to providing expert insights and high-quality support to help investors make informed decisions. Invesco has a strong legacy of investment management dating back to the 1940s, with over $779 billion in assets under management across 20 countries.
Know About Retirement Planning & Mutual Funds at Mirae AssetShreya Paliwal
Secure long-term wealth with expert guidance for a solid financial plan & intelligent investment decisions. Plan for retirement with Mirae Asset's mutual funds.
https://www.miraeassetmf.co.in/
How do investors achieve financial freedom? How do you establish your financial goals? Understand the benefits of diversification and following an asset allocation strategy.
www.Quantumamc.com
Income Matching Using Bonds NorCal 2011Brent Burns
This document presents an alternative investment strategy called income matching using individual bonds. It describes how this strategy can provide predictable income streams through building portfolios of individual bonds that match a client's future cash flow needs. This strategy aims to immunize clients against interest rate risk by constructing bond portfolios with specific durations tailored to the timing of a client's expected expenses. It argues that individual bonds are better suited than bond funds or annuities for delivering reliable income due to risks such as fluctuating dividends, counterparty risk, and losses during periods of rising interest rates.
This document discusses the benefits of systematic investment planning through mutual funds. It notes that investing small sums regularly over the long term can significantly grow wealth through the power of compounding. Even seemingly small monthly amounts invested for 20-25 years can grow into large sums. The document provides illustrations of how different monthly investment amounts could appreciate over time at assumed returns of 12% and 15% per year through a systematic investment plan. It emphasizes that systematic investing reduces risks and provides flexibility and convenience compared to lump sum investments.
The document discusses principles of behavioral finance and long-term investing. It notes that investors tend to be overconfident and influenced by short-term gains. Successful long-term investing requires discipline, focusing on asset allocation and diversification, and ignoring short-term noise and market hype. The key is developing a personalized investment policy and sticking to a plan through different market conditions.
A Target Retirement Income Plan is a nonqualified, supplemental, after-tax executive retirement benefit program that changes the focus from return on investment to certainty of predictable income in retirement.
This document provides an analysis and updated expectations for long-term capital market returns. It estimates that U.S. stocks will provide a total return of 6-8% over the long-term and bonds will return 3-4%. These estimates are based on reasonable assumptions about inflation, dividend income, dividend growth, and valuation shifts. The document examines historical returns and factors to derive its projections, which are meant to provide a guide for long-term financial planning.
Inertia:Your Gateway to Financial Freedomerkhareanshul
This document discusses strategies for long-term wealth creation through equities investing. It argues that equities can generate above-inflation returns compared to other asset classes like gold, fixed income, and cash. The document recommends allocating capital to a diversified portfolio of 30 companies selected based on leadership in strong sectors, good profitability, healthy dividend payouts, and reasonable valuations. It introduces Inertia as a financial advisor that can help investors create such long-term equity portfolios and outlines their portfolio strategy, fees, and credentials.
The document discusses various types of investments including stocks, bonds, cash, and mutual funds. It provides details on the sources of profit for each type, how they work, their level of risk, and long-term returns. The document also covers concepts like asset allocation, diversification, inflation, and the importance of starting to invest early.
The document discusses market volatility and strategies for dealing with it. It defines volatility, looks at historical volatility levels, and discusses how volatility affects investors. It then outlines the wealth management group's strategies, which include repositioning portfolios to focus on quality income assets, employing strategies to dampen volatility, and ensuring portfolios align with clients' goals and risk tolerance.
Similar to FPA NCA 2012 winter educational symposium asset dedication slides (20)
Market volatility is part of investing in stocks. But how often does the market turn down? What is the long term impact? For buy-and-hold investors, it is important to have some perspective on the vulnerabilities and resiliency of the stock market.
The document discusses the implications of the upcoming "Fiscal Cliff" for financial advisors and their clients. It notes that if Congress fails to act, taxes will rise substantially in 2013 which will negatively impact the economy. Spending cuts will also take effect that will further slow economic growth. Interest rates are expected to remain low to help stimulate the economy. The document provides details on how the higher taxes and spending cuts could impact individuals and families. It also discusses the federal budget situation and debt levels that create incentives to keep interest rates low.
Slides from the 9/28/2011 FPA webinar "Build Your Own Pension." With the decline of pensions, clients will look to their own accounts to provide predictable retirement income. We show how advisors can create pension-like income using institutional liability driven investing (LDI) strategies.
The document summarizes key points from a bond market town hall meeting. It discusses the impact of the S&P downgrade of US debt, the relatively strong position of the US economy compared to other AAA rated countries, and challenges with the political environment in Washington. It also reviews municipal and corporate bond defaults historically being rare for investment grade bonds. The document analyzes current bond yields and factors that could influence future interest rate movements.
What is Liability Driven Investing - FPA NY 2011Brent Burns
The document discusses liability-driven investing (LDI), which matches investment assets to future liabilities. It describes how splitting assets into multiple sub-portfolios for different purposes like bonds for income and stocks for growth can help clients better understand their allocation strategy. Individual bonds are preferable to bond funds for LDI because they are not subject to interest rate risk and can more accurately match targeted cash flows. The document compares LDI to other income strategies like annuities and dividend stocks.
This document presents an alternative investment strategy called income matching using individual bonds. It describes how this strategy can be used to build income-matching portfolios that generate predictable cash flows to meet a client's future income needs. It compares this approach to traditional strategies like bond funds, annuities, and dividend stocks, highlighting challenges such as interest rate risk, expenses, and unreliable income streams from these other options.
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
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Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
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An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
2. …economic conditions--including low rates of
resource utilization and a subdued outlook for
inflation over the medium run--are likely to
warrant exceptionally low levels for the federal
funds rate at least through late 2014.
Federal Reserve Monetary Policy Release January 25th, 2012
WHERE ARE INTEREST RATES GOING?
7. VOLATILITY DRIVES DOWN TOTAL RETURN
Source: Citigroup World Govt. Bond Index – Japan 1-5 Year
Total Return
= 2.9%
8. "It's not return on my money
I'm interested in…
…it's return of my money“
Mark Twain
9. THE CRITICAL PATH
• On their way to the moon, the Apollo ships were off course more than
95% of the time
• Because they knew the trajectory the ship should follow, the astronauts
could make corrections along the way so that the ships could make it to
the moon and back
• In the same way, the financial plan provides the trajectory that clients’
portfolios need to follow to reach their goals
• The Critical Path serves as a customized benchmark to guide each
client’s portfolio to make corrections and decisions approaching and
through retirement
14. BRINGING INVESTMENTS AND PLANS TOGETHER
• The financial plan articulates how investors plan to spend their money
• Investments ought to reflect the goals they are funding instead of risk
tolerance that is not tied to the goals
• There are numerous behavioral benefits for having the investments flow
from the plan
16. SPLITTING THE PORTFOLIO TO REFLECT GOALS
• Sub-portfolios are dedicated to specific purposes – Income and Growth
• Each sub-portfolio is made up of asset classes best suited to their
purpose
• The Income Portfolio is dedicated to protecting principal and providing
predictable cash flows using individual bonds
• The Growth Portfolio is tasked with delivering long-term growth using
equities and other growth oriented assets
26. DE-RISKING THE PORTFOLIO
1. Protect Principal
2. Reduce uncertainty of funding spending
needs
3. Reduce sensitivity to market risks
• Interest rate risk
• Equity market risk
27. BEHAVIORAL BENEFITS
1. Mental accounting
2. Dedicate assets to the purpose they best
serve
3. Tie portfolio performance to the goals
outlined in the financial plan
37. PORTFOLIO COSTS
8 Years = $829,656 (60/40)
10 Years = $1,035,495 (50/50)
30 Years = $2,753,814 (0/100)
Quotes: 9/6/2011
38. PORTFOLIO COSTS
8 Years = $829,656 (60/40)
10 Years = $1,035,495 (50/50)
30 Years = $2,753,814 (0/100)
Quotes: 9/6/2011
30-year portfolio exceeds resources
39.
40. Top Investment Risks
Defined by Individual Investors
64%
54%
36%
0%
10%
20%
30%
40%
50%
60%
70%
Outliving Savings Not Saving Enough Market Volatility
Source: Financial Advisor Retirement Income Planning Experiences, Strategies, and Recommendations; FPA Research
Center White Paper; December 2011.
60. LONG-TERM PROBABILITY OF SUCCESS
Expected Return Over Rolling 30 Year Periods Since:
1927 1947
Average Return* 7.7% 9.4%
Minimum Return* 0.0% 7.1%
Maximum Return 13.3% 13.3%
Average Longevity (Years) 28 30
Minimum Longevity 13 30
Maximum Longevity 30 30
Probability Portfolio Lasts 30 Years or more 83.6% 100.0%
Prob. Portfolio Above Critical Path Target After 30
Years
83.6% 100.0%
8-year Income Portfolio of US Treasury Bond, Growth Portfolio allocation to CRSP 1-10 Total US Market
61. HISTORICAL AUDIT
ROLLING 30-YEAR PERIODS, 1927-2010
8-year Income Portfolio of US Treasury Bond, Growth Portfolio allocation to CRSP 1-10 Total US Market
62. TOTAL RETURN IS NOT FOR DECUMULATION
Expected Return Over Rolling 30 Year Periods Since:
1927 1947
Average Return* 6.7% 7.3%
Minimum Return* 0.0% 0.0%
Maximum Return 12.6% 12.6%
Average Longevity (Years) 29 30
Minimum Longevity 14 25
Maximum Longevity 30 30
Probability Portfolio Lasts 30 Years or more 80.0% 85.7%
Prob. Portfolio Above Critical Path Target After 30
Years
80.0% 85.7%
60% CRSP 1-10 Total US Market/40% 10-Year US Treasury Index
63. HISTORICAL AUDIT – 60/40 TOTAL RETURN
ROLLING 30-YEAR PERIODS, 1927-2010
60% CRSP 1-10 Total US Market/40% 10-Year US Treasury Index
64. HISTORICAL AUDIT – 8 YEAR ROLLING
ROLLING 30-YEAR PERIODS, 1927-2010
8-year Income Portfolio of US Treasury Bond, Growth Portfolio allocation to CRSP 1-10 Total US Market
65. Celia and Henry:
Age: 57
Assets: $843,402
Annual Savings: $35,000
Planned Retirement: 30 Years
Plan Horizon: 40 Years
75. BOND FUND VOLATILITY REVEALED
RISING INTEREST RATES 1950-1981
10-year Treasury Index is the proxy for high quality bond funds
76. BOND FUND VOLATILITY REVEALED
RISING INTEREST RATES 1950-1981
10-year Treasury Index is the proxy for high quality bond funds
77. BOND FUND INCOME VARIABILITY/SHORTFALL
COMPARISON OVER 8-YEAR HORIZONS 1950-1981
Starting value = cost of 8-year Income Portfolio for each year. Target cash flows = $100,000/year plus 3%
inflation. 10-year Treasury Index is the proxy for high quality bond funds
78. WHY NOT A BOND LADDER?
1. Cash flows are not tied to actual needs
2. Income is more expensive
79. WHY NOT A SIMPLE BOND LADDER?
Year
Bond
Ladder
Income
Portfolio
Target Cash
Flows
2012 $133,636 $103,297 $100,000
2013 $131,428 $108,750 $103,000
2014 $130,452 $111,082 $106,090
2015 $122,982 $113,612 $109,273
2016 $121,468 $116,438 $112,551
2017 $113,690 $119,099 $115,927
2018 $106,378 $121,714 $119,405
2019 $101,330 $124,691 $122,987
2020 $104,576 $127,180 $126,677
2021 $96,636 $130,502 $130,477
Total Cash Flow $1,162,576 $1,176,366
Cost $1,052,363 $1,051,250
Quotes: 9/6/2011
80. WHY NOT A BOND LADDER?
Year
Bond
Ladder
Income
Portfolio
Target Cash
Flows
2012 $133,636 $103,297 $100,000
2013 $131,428 $108,750 $103,000
2014 $130,452 $111,082 $106,090
2015 $122,982 $113,612 $109,273
2016 $121,468 $116,438 $112,551
2017 $113,690 $119,099 $115,927
2018 $106,378 $121,714 $119,405
2019 $101,330 $124,691 $122,987
2020 $104,576 $127,180 $126,677
2021 $96,636 $130,502 $130,477
Total Cash Flow $1,162,576 $1,176,366
Cost $1,052,363 $1,051,250
$13,790
Greater Total Cash Flow
From Income Portfolio
81. WHY NOT A PERIOD CERTAIN ANNUITY?
1. Expensive
2. Inflexible
82. WHY NOT A PERIOD CERTAIN ANNUITY?
Year Period Certain Income Portfolio
2012 $95,400 $98,235
2013 $98,262 $104,183
2014 $101,210 $105,590
2015 $104,246 $108,236
2016 $107,374 $110,222
2017 $110,595 $113,056
2018 $113,913 $115,887
2019 $117,330 $118,115
2020 $120,850 $120,837
2021 $124,475 $124,385
Total Cash Flow $1,093,654 $1,118,746
Cost $1,000,000 $999,808
Quotes: 9/6/2011 www.immediateannuity.com
83. WHY NOT A PERIOD CERTAIN ANNUITY?
Year Period Certain Income Portfolio
2012 $95,400 $98,235
2013 $98,262 $104,183
2014 $101,210 $105,590
2015 $104,246 $108,236
2016 $107,374 $110,222
2017 $110,595 $113,056
2018 $113,913 $115,887
2019 $117,330 $118,115
2020 $120,850 $120,837
2021 $124,475 $124,385
Total Cash Flow $1,093,654 $1,118,746
Cost $1,000,000 $999,808
$25,092
Greater Total Cash Flow
From Income Portfolio
84.
85. In 2008, AIG was the largest
issuer of fixed annuities.
US Government capital infusion =
$182 billion
86. Which is safer?
1. FDIC Insured CDs and
Government Agency bonds
OR
2. Insurance companies
89. White Papers:
The Cost of Waiting for Rates to Rise
De-risking Retirement Income
The Safety of Investment Grade Bonds
Slides:
Presentation
Financial Inspiration (Joke)