Michael Morrow: Mutual funds
•
1 like•95 views
These slides examine some of the positives and negatives of mutual funds. Take a look and find out whether they are the right asset for your portfolio.
Report
Share
Report
Share
Download to read offline
Recommended
Basics of VC Securities
A short talk I gave for our international entrepreneurship class on different ways investors can protect themselves in a deal.
Sandpiper Capital
This document discusses the barriers that individual investors face in achieving strong investment returns, including lack of access to meaningful information, high costs, poor risk control, and emotional decision making. It promotes the services of Sandpiper Capital, an investment advisor, which aims to remove these barriers by providing research-driven investing, minimizing costs, controlling risks through diversification and rebalancing, and removing emotions from the investing process. Sandpiper clients are said to experience limited downside due to risk management and have outperformed the average investor over time.
Putnam Absolute Return Funds
This document provides an overview and summary of Putnam Absolute Return Funds. It discusses how increased stock market volatility and low bond yields argue for alternative investment strategies. The Putnam Absolute Return Funds aim to generate positive returns regardless of market conditions with less volatility than traditional markets. Each fund seeks a different return target above inflation over a 3-year period using flexible portfolio management across global fixed income, stocks, and alternative assets.
Litigation Finance Fund - Ashton Global
The document discusses litigation finance, which provides capital to plaintiffs involved in lawsuits. It notes that litigation finance has grown popular due to billions of dollars from institutional investors. Litigation finance investments have high returns that are uncorrelated with the broader market but carry high risks, as investors could lose their entire principal if a case is lost. The document describes the rigorous due diligence and case selection process used to identify high-quality cases and structures deals to reduce risks for investors.
Chapter 12 dw
This document discusses lessons from capital market history including the risk-return tradeoff where greater potential reward comes with greater risk. It provides data on average historical returns for different asset classes as well as risk premiums. It also discusses efficient capital markets and the forms of market efficiency. The key points are that there is a reward for bearing risk, historical returns have been higher for small stocks and stocks in general provide higher returns than bonds but also carry more risk, and that market prices reflect all available public information according to the efficient market hypothesis.
Non-Traditional Reinsurance Structures
This document discusses different types of non-traditional reinsurance structures. Financial reinsurance aims to improve an insurer's statutory balance sheet by ceding premiums less than reserves released. Reinsurance of run-off blocks allows insurers to transfer non-core legacy business. Variable annuity reinsurance covers risks associated with secondary benefits like guaranteed minimum death benefits. Non-proportional reinsurance includes stop loss, catastrophe covers, and newer pandemic covers that pay based on excess mortality from pandemics.
Stopping the Losses Before Retirement
If you are preparing to retire within the
next five years, you have some important
decisions to make — and one of the most
important involves your retirement income
strategy
Cutting your costs
AES International exists to challenge the status quo in international financial services. Visit our site to learn more www.aesinternational.com
Recommended
Basics of VC Securities
A short talk I gave for our international entrepreneurship class on different ways investors can protect themselves in a deal.
Sandpiper Capital
This document discusses the barriers that individual investors face in achieving strong investment returns, including lack of access to meaningful information, high costs, poor risk control, and emotional decision making. It promotes the services of Sandpiper Capital, an investment advisor, which aims to remove these barriers by providing research-driven investing, minimizing costs, controlling risks through diversification and rebalancing, and removing emotions from the investing process. Sandpiper clients are said to experience limited downside due to risk management and have outperformed the average investor over time.
Putnam Absolute Return Funds
This document provides an overview and summary of Putnam Absolute Return Funds. It discusses how increased stock market volatility and low bond yields argue for alternative investment strategies. The Putnam Absolute Return Funds aim to generate positive returns regardless of market conditions with less volatility than traditional markets. Each fund seeks a different return target above inflation over a 3-year period using flexible portfolio management across global fixed income, stocks, and alternative assets.
Litigation Finance Fund - Ashton Global
The document discusses litigation finance, which provides capital to plaintiffs involved in lawsuits. It notes that litigation finance has grown popular due to billions of dollars from institutional investors. Litigation finance investments have high returns that are uncorrelated with the broader market but carry high risks, as investors could lose their entire principal if a case is lost. The document describes the rigorous due diligence and case selection process used to identify high-quality cases and structures deals to reduce risks for investors.
Chapter 12 dw
This document discusses lessons from capital market history including the risk-return tradeoff where greater potential reward comes with greater risk. It provides data on average historical returns for different asset classes as well as risk premiums. It also discusses efficient capital markets and the forms of market efficiency. The key points are that there is a reward for bearing risk, historical returns have been higher for small stocks and stocks in general provide higher returns than bonds but also carry more risk, and that market prices reflect all available public information according to the efficient market hypothesis.
Non-Traditional Reinsurance Structures
This document discusses different types of non-traditional reinsurance structures. Financial reinsurance aims to improve an insurer's statutory balance sheet by ceding premiums less than reserves released. Reinsurance of run-off blocks allows insurers to transfer non-core legacy business. Variable annuity reinsurance covers risks associated with secondary benefits like guaranteed minimum death benefits. Non-proportional reinsurance includes stop loss, catastrophe covers, and newer pandemic covers that pay based on excess mortality from pandemics.
Stopping the Losses Before Retirement
If you are preparing to retire within the
next five years, you have some important
decisions to make — and one of the most
important involves your retirement income
strategy
Cutting your costs
AES International exists to challenge the status quo in international financial services. Visit our site to learn more www.aesinternational.com
Maturity Risk Premium
Maturity risk premium is the extra return an investor demands for bearing the risk of longer maturity financial instruments. This risk includes default risk, interest rate risk, and reinvestment risk. There is a close connection between maturity risk premium and interest rate risk, as the premium helps offset the risk of interest rates rising above the set rate for longer term securities. Maturity risk premium can be calculated by taking the yield on 10-year Treasury bills and subtracting the yield on 1-year Treasury bills.
Waterfall - American vs European
This primer on distribution Waterfalls compares the American style versus the Europeans style used in real estate private equity fund structuring.
Offshore Reinsurance
This document discusses offshore reinsurance, including its definition as reinsurance ceded to a non-US/Canadian reinsurer domiciled in a jurisdiction with different regulations and tax regimes like Bermuda or the Cayman Islands. Offshore reinsurers have advantages like easier setup, flexible capital requirements, and potential for lower taxes. While they provide benefits to ceding insurers like better pricing and capital efficiencies, ceding insurers must consider collateral requirements and operational issues. An example shows higher returns on capital are possible offshore due to lower taxes and capital requirements.
Reducing Portfolio Volatility
The document recommends a market neutral or zero beta portfolio for the next 12 months due to challenging market conditions. It believes many stocks are overvalued and will trend lower or stagnate while market performance will diverge. It also cites increased geopolitical risk and volatility. The document then discusses its proprietary stock selection model and examples of stocks it identified early that performed well, as well as some that declined, before concluding by recommending rotating assets into a market neutral strategy and adding an alpha growth strategy based on stock picking.
Wealth Management - Week 3
This document provides an overview of wealth management strategies for affluent investors, focusing on hedge funds and private equity. It discusses what hedge funds and private equity are, common characteristics and strategies, manager incentive structures, historical returns, and implementation considerations. It also reviews endowment models, summarizing historical investment returns and asset allocations of Yale and Harvard University endowments. Finally, it compares different methods of investing and five key considerations for selecting investment types - management, taxation, costs, control, and liquidity.
Taxes & trading costs
This document discusses how taxes and trading costs impact wealth management. It notes that maximizing pre-tax returns does not equal maximizing after-tax wealth, and taxes should influence decisions around asset allocation, location, and construction. While taxes are important to consider, they should not dictate investment choices. Examples show how taxes compound over time, reducing post-tax returns significantly, especially in taxable accounts. Proper asset location across individual, tax-deferred, and tax-free accounts can help maximize after-tax wealth. The document also cautions that trading costs, which often exceed stated fees, need to be considered.
The Real Risk and Rewards of Small-Cap Equities
This document discusses common assumptions about small-cap stocks and dividend payments. It finds that while smaller companies are less likely to pay dividends, the majority of the total market is made up of smaller companies that do pay dividends. It also argues that volatility in small-cap stocks is often due to low trading volume rather than changes in the underlying business. Screening for financially stable small-cap dividend payers can yield higher returns than the overall small-cap market indexes. The document concludes that small-caps can be a worthwhile part of an income-producing portfolio when due diligence is applied.
Maximise your net worth
This presentation discusses using a home equity diversification plan to maximize net worth. It involves taking out a loan using home equity for investing purposes to unlock real estate equity for investment growth. Regular investing through dollar cost averaging in a diversified portfolio can potentially increase after-tax net worth over 25 years, though there are risks like amplified gains and losses from market fluctuations and variable interest rates that require tolerance. The strategy may be suitable for long-term investors with equity in their home willing to accept some variability.
Asset Allocation in Taxable Portfolios
On Tuesday, September 26th, we hosted Lucas Turton for a discussion on Asset Allocation in Taxable Portfolios. Lucas explored how to estimate the future value of a portfolio by considering assets on an after-tax basis, asset allocation and location for optimal tax efficiency, and best practices for tax loss harvesting and navigating the wash sale rule.
Asset Allocation for Specific Client Goals
On Wednesday, January 24th, we heard from Senior Client Consultant Jon Kazarian on how to tailor a portfolio to meet the specific investment goals of a client.
Dimensional otf rate expectations
1) Interest rates around the world are at historic lows and central banks have taken extraordinary measures to stimulate economies and hold down rates since the 2008 financial crisis.
2) Many investors are concerned about what will happen to bond portfolios as central banks eventually raise rates to more normal levels, but it is difficult to predict interest rate movements and bonds can still provide diversification benefits in a portfolio.
3) Studies of past periods of rising interest rates found that in some cases, longer-term bonds actually outperformed shorter-term bonds, and bonds generally had positive returns, contradicting the view that they always lose money when rates rise.
3. systematic unsystematic risks - 1
If lending Rs. 100 for one year at 10% interest, the return would be Rs. 110. However, if inflation rises to 112 from a base of 100, the purchasing power of Rs. 110 decreases. Borrowing and lending both carry risk from fluctuating currency exchange rates and inflation between countries. Operational risk also threatens returns when internal failures or external events disrupt business processes.
אפיקי השקעה בסביבת ריבית 0%
במסגרת פעילות מועדון העסקים Sea-Business טל אלויה, מייסד חברת INTEGER, בעל ניסיון של 15 שנים בבתי ההשקעות הגדולים בעולם בהרצאתו "אפיקי השקעה בסביבת ריבית 0%". פרטים נוספים בלינק המצורף - http://bit.ly/1PxWGHT
Generational Wealth Management - Week 4
The document discusses wealth management processes such as managing investments, selecting investment managers, developing an investment policy, and monitoring performance. It provides examples of dollar cost averaging versus lump sum investing in different market conditions and concludes that while lump sum investing carries higher risk, it also provides higher potential rewards. The document also covers selecting financial advisors and developing an investment policy statement to guide investment decisions.
Moral hazard
Moral hazard refers to a situation where one party makes riskier decisions because another party will bear the costs if things go badly. [1] It arises due to information asymmetry - the party taking the actions knows more about their risks than the party paying the costs. [2] Common examples include people being less cautious with insured items like cars or health, and borrowers spending loan funds recklessly since the lender bears default risk. [3] Moral hazard can also affect politicians and corporate managers if their interests diverge from constituents or shareholders they are meant to serve.
Risk and return
The document discusses the trade-off between risk and return in investments. It provides three key points:
1. Expected return represents the marginal benefit of investing while risk is the marginal cost. There is always a trade-off between higher expected return and higher expected risk.
2. The discounted cash flow (DCF) method uses three steps to value risky assets: determining expected cash flows, choosing a discount rate reflecting the asset's risk, and calculating present value.
3. Risk and return are positively correlated both across asset classes and for individual securities - investors require a higher expected return to accept more risk. However, diversification can reduce unsystematic risk for a portfolio.
C4 investing surplus
Surplus cash arises when a company's cash inflows exceed its cash outflows. Companies hold surplus cash for transaction, precautionary, and speculative motives rather than immediately investing it. There are tradeoffs between risk, liquidity, maturity, and return that must be considered when determining how to invest surplus cash. Risks include unsystematic (diversifiable) risks that affect individual companies and systematic (non-diversifiable) risks that affect the overall market. Common options for investing surplus cash include retail bank accounts, marketable securities like bonds, and other investments.
Smart Directions | Bonds & Annuities | March 17, 2016
This document provides information about annuities and bonds. It defines annuities as investments that convert a lump sum into a stream of monthly income for a fixed period or lifetime. It describes different types of annuities including single premium deferred annuities, single premium immediate annuities, variable annuities, and index annuities. It also defines bonds as traded loans that provide predictable income and discusses types of bonds as well as risks associated with bond investments like interest rate risk and default risk.
Credit Rating & Scheme Category Breakup of Fixed Income Schemes
We remain cognizant of managing the liquidity, concentration, credit and duration in our fixed income schemes to provide investor with better risk adjusted returns.
Portfolio Construction and Evaluation
On Thursday, April 27th, 2017, we heard from Windham's own client consultant, Jon Kazarian about best methods and practices for the portfolio construction and evaluation process.
UZH - Role in SUPERSEDE project
The document provides information about the University of Zurich (UZH) and its Department of Informatics (IfI). UZH is one of the largest universities in Switzerland with 26,000 students across various degree programs. IfI is a leading department at UZH that focuses on shaping a people-oriented digital world through topics like innovation and human-centered systems. The Requirements Engineering Research Group (RERG) is a top research group within IfI headed by Professor Martin Glinz that has over 20 years of experience in requirements engineering and software quality. The RERG will lead tasks in two work packages of the SUPERSEDE project focused on feedback management and decision making in software evolution.
Practical stress analysis part2
The document contains over 50 repetitions of the phrase "Nov 2016 Stress Analysis" or similar variations. It appears to be notes from a course on stress analysis conducted in November 2016, as it repeatedly references topics like moment of inertia, center of gravity, buckling, and fitting safety in the context of stress analysis.
More Related Content
What's hot
Maturity Risk Premium
Maturity risk premium is the extra return an investor demands for bearing the risk of longer maturity financial instruments. This risk includes default risk, interest rate risk, and reinvestment risk. There is a close connection between maturity risk premium and interest rate risk, as the premium helps offset the risk of interest rates rising above the set rate for longer term securities. Maturity risk premium can be calculated by taking the yield on 10-year Treasury bills and subtracting the yield on 1-year Treasury bills.
Waterfall - American vs European
This primer on distribution Waterfalls compares the American style versus the Europeans style used in real estate private equity fund structuring.
Offshore Reinsurance
This document discusses offshore reinsurance, including its definition as reinsurance ceded to a non-US/Canadian reinsurer domiciled in a jurisdiction with different regulations and tax regimes like Bermuda or the Cayman Islands. Offshore reinsurers have advantages like easier setup, flexible capital requirements, and potential for lower taxes. While they provide benefits to ceding insurers like better pricing and capital efficiencies, ceding insurers must consider collateral requirements and operational issues. An example shows higher returns on capital are possible offshore due to lower taxes and capital requirements.
Reducing Portfolio Volatility
The document recommends a market neutral or zero beta portfolio for the next 12 months due to challenging market conditions. It believes many stocks are overvalued and will trend lower or stagnate while market performance will diverge. It also cites increased geopolitical risk and volatility. The document then discusses its proprietary stock selection model and examples of stocks it identified early that performed well, as well as some that declined, before concluding by recommending rotating assets into a market neutral strategy and adding an alpha growth strategy based on stock picking.
Wealth Management - Week 3
This document provides an overview of wealth management strategies for affluent investors, focusing on hedge funds and private equity. It discusses what hedge funds and private equity are, common characteristics and strategies, manager incentive structures, historical returns, and implementation considerations. It also reviews endowment models, summarizing historical investment returns and asset allocations of Yale and Harvard University endowments. Finally, it compares different methods of investing and five key considerations for selecting investment types - management, taxation, costs, control, and liquidity.
Taxes & trading costs
This document discusses how taxes and trading costs impact wealth management. It notes that maximizing pre-tax returns does not equal maximizing after-tax wealth, and taxes should influence decisions around asset allocation, location, and construction. While taxes are important to consider, they should not dictate investment choices. Examples show how taxes compound over time, reducing post-tax returns significantly, especially in taxable accounts. Proper asset location across individual, tax-deferred, and tax-free accounts can help maximize after-tax wealth. The document also cautions that trading costs, which often exceed stated fees, need to be considered.
The Real Risk and Rewards of Small-Cap Equities
This document discusses common assumptions about small-cap stocks and dividend payments. It finds that while smaller companies are less likely to pay dividends, the majority of the total market is made up of smaller companies that do pay dividends. It also argues that volatility in small-cap stocks is often due to low trading volume rather than changes in the underlying business. Screening for financially stable small-cap dividend payers can yield higher returns than the overall small-cap market indexes. The document concludes that small-caps can be a worthwhile part of an income-producing portfolio when due diligence is applied.
Maximise your net worth
This presentation discusses using a home equity diversification plan to maximize net worth. It involves taking out a loan using home equity for investing purposes to unlock real estate equity for investment growth. Regular investing through dollar cost averaging in a diversified portfolio can potentially increase after-tax net worth over 25 years, though there are risks like amplified gains and losses from market fluctuations and variable interest rates that require tolerance. The strategy may be suitable for long-term investors with equity in their home willing to accept some variability.
Asset Allocation in Taxable Portfolios
On Tuesday, September 26th, we hosted Lucas Turton for a discussion on Asset Allocation in Taxable Portfolios. Lucas explored how to estimate the future value of a portfolio by considering assets on an after-tax basis, asset allocation and location for optimal tax efficiency, and best practices for tax loss harvesting and navigating the wash sale rule.
Asset Allocation for Specific Client Goals
On Wednesday, January 24th, we heard from Senior Client Consultant Jon Kazarian on how to tailor a portfolio to meet the specific investment goals of a client.
Dimensional otf rate expectations
1) Interest rates around the world are at historic lows and central banks have taken extraordinary measures to stimulate economies and hold down rates since the 2008 financial crisis.
2) Many investors are concerned about what will happen to bond portfolios as central banks eventually raise rates to more normal levels, but it is difficult to predict interest rate movements and bonds can still provide diversification benefits in a portfolio.
3) Studies of past periods of rising interest rates found that in some cases, longer-term bonds actually outperformed shorter-term bonds, and bonds generally had positive returns, contradicting the view that they always lose money when rates rise.
3. systematic unsystematic risks - 1
If lending Rs. 100 for one year at 10% interest, the return would be Rs. 110. However, if inflation rises to 112 from a base of 100, the purchasing power of Rs. 110 decreases. Borrowing and lending both carry risk from fluctuating currency exchange rates and inflation between countries. Operational risk also threatens returns when internal failures or external events disrupt business processes.
אפיקי השקעה בסביבת ריבית 0%
במסגרת פעילות מועדון העסקים Sea-Business טל אלויה, מייסד חברת INTEGER, בעל ניסיון של 15 שנים בבתי ההשקעות הגדולים בעולם בהרצאתו "אפיקי השקעה בסביבת ריבית 0%". פרטים נוספים בלינק המצורף - http://bit.ly/1PxWGHT
Generational Wealth Management - Week 4
The document discusses wealth management processes such as managing investments, selecting investment managers, developing an investment policy, and monitoring performance. It provides examples of dollar cost averaging versus lump sum investing in different market conditions and concludes that while lump sum investing carries higher risk, it also provides higher potential rewards. The document also covers selecting financial advisors and developing an investment policy statement to guide investment decisions.
Moral hazard
Moral hazard refers to a situation where one party makes riskier decisions because another party will bear the costs if things go badly. [1] It arises due to information asymmetry - the party taking the actions knows more about their risks than the party paying the costs. [2] Common examples include people being less cautious with insured items like cars or health, and borrowers spending loan funds recklessly since the lender bears default risk. [3] Moral hazard can also affect politicians and corporate managers if their interests diverge from constituents or shareholders they are meant to serve.
Risk and return
The document discusses the trade-off between risk and return in investments. It provides three key points:
1. Expected return represents the marginal benefit of investing while risk is the marginal cost. There is always a trade-off between higher expected return and higher expected risk.
2. The discounted cash flow (DCF) method uses three steps to value risky assets: determining expected cash flows, choosing a discount rate reflecting the asset's risk, and calculating present value.
3. Risk and return are positively correlated both across asset classes and for individual securities - investors require a higher expected return to accept more risk. However, diversification can reduce unsystematic risk for a portfolio.
C4 investing surplus
Surplus cash arises when a company's cash inflows exceed its cash outflows. Companies hold surplus cash for transaction, precautionary, and speculative motives rather than immediately investing it. There are tradeoffs between risk, liquidity, maturity, and return that must be considered when determining how to invest surplus cash. Risks include unsystematic (diversifiable) risks that affect individual companies and systematic (non-diversifiable) risks that affect the overall market. Common options for investing surplus cash include retail bank accounts, marketable securities like bonds, and other investments.
Smart Directions | Bonds & Annuities | March 17, 2016
This document provides information about annuities and bonds. It defines annuities as investments that convert a lump sum into a stream of monthly income for a fixed period or lifetime. It describes different types of annuities including single premium deferred annuities, single premium immediate annuities, variable annuities, and index annuities. It also defines bonds as traded loans that provide predictable income and discusses types of bonds as well as risks associated with bond investments like interest rate risk and default risk.
Credit Rating & Scheme Category Breakup of Fixed Income Schemes
We remain cognizant of managing the liquidity, concentration, credit and duration in our fixed income schemes to provide investor with better risk adjusted returns.
Portfolio Construction and Evaluation
On Thursday, April 27th, 2017, we heard from Windham's own client consultant, Jon Kazarian about best methods and practices for the portfolio construction and evaluation process.
What's hot (20)
Smart Directions | Bonds & Annuities | March 17, 2016
Smart Directions | Bonds & Annuities | March 17, 2016
Credit Rating & Scheme Category Breakup of Fixed Income Schemes
Credit Rating & Scheme Category Breakup of Fixed Income Schemes
Viewers also liked
UZH - Role in SUPERSEDE project
The document provides information about the University of Zurich (UZH) and its Department of Informatics (IfI). UZH is one of the largest universities in Switzerland with 26,000 students across various degree programs. IfI is a leading department at UZH that focuses on shaping a people-oriented digital world through topics like innovation and human-centered systems. The Requirements Engineering Research Group (RERG) is a top research group within IfI headed by Professor Martin Glinz that has over 20 years of experience in requirements engineering and software quality. The RERG will lead tasks in two work packages of the SUPERSEDE project focused on feedback management and decision making in software evolution.
Practical stress analysis part2
The document contains over 50 repetitions of the phrase "Nov 2016 Stress Analysis" or similar variations. It appears to be notes from a course on stress analysis conducted in November 2016, as it repeatedly references topics like moment of inertia, center of gravity, buckling, and fitting safety in the context of stress analysis.
Stress
The document discusses stress, defining it as a condition where a person responds to changes that exceed their adaptive abilities. Stress can be caused by internal or external stressors. Hans Selye proposed two models of stress adaptation: the general adaptation syndrome and local adaptation syndrome. The general adaptation syndrome describes the body's overall response to stress in three stages - alarm, resistance, and exhaustion. The local adaptation syndrome describes localized responses like wound healing. Stress can produce physiological, psychological, cognitive, and verbal-motor manifestations in the body.
Travel & Tourism
this is the travel & torism powerpoint presentation.hope it will b of gr8 use for all frankfinn students!...............from Tina l5 batch thane
Tourism ppt
There has been a global increase in tourism over the last 60 years due to factors like increased disposable income, more paid holidays, and cheaper travel. Popular destinations include cities, beaches, and mountain areas for their culture, recreation, and scenery. Tourism is important for many economies, but can negatively impact the environment if not managed properly. Ecotourism is an alternative that involves small-scale tourism to benefit local environments and communities in a sustainable way.
Stress At Work (Tips to Reduce and Manage Job and Workplace Stress)
While some workplace stress is normal, excessive stress can interfere with your productivity and impact your physical and emotional health. You can’t control everything in your work environment, but that doesn’t mean you’re powerless—even when you’re stuck in a difficult situation. Finding ways to manage workplace stress isn’t about making huge changes or rethinking career ambitions, but rather about focusing on the one thing that’s always within your control: YOU.
Shared by: http://www.familychiropractic.com.sg/
Viewers also liked (6)
Stress At Work (Tips to Reduce and Manage Job and Workplace Stress)
Stress At Work (Tips to Reduce and Manage Job and Workplace Stress)
Similar to Michael Morrow: Mutual funds
How Wealthy People Use Professional Money Management
http://ekinsurance.com/financial/money-management/
Just as surgeons don't operate on themselves, wealthy people usually do not invest their own money. They have investment professionals manage their money for them.
PPB SURVIVAL GUIDE
Portfolio bonds can be an effective investment tool, but many financial advisors recommend them in a way that maximizes their own commissions at the expense of clients. The document discusses how advisors earn commissions in three main ways from portfolio bonds: 1) Initial commissions of up to 7.5% of investments; 2) Annual portfolio management fees; and 3) "Soft commissions" from underlying investment providers. However, if structured transparently without commissions, portfolio bonds can reduce costs and enhance returns for investors. The document aims to educate investors about advisor commissions from portfolio bonds.
PPB SURVIVAL GUIDE [89790]
Portfolio bonds can be an effective investment tool, but many financial advisors recommend them in a way that maximizes their own commissions at the expense of clients. The document discusses how advisors earn commissions in three main ways from portfolio bonds: 1) Initial commissions of up to 7.5% of investments; 2) Annual portfolio management fees; and 3) "Soft commissions" from underlying investment providers. However, if structured transparently without commissions, portfolio bonds can reduce costs and enhance returns for investors. The document aims to educate investors about advisor commissions from portfolio bonds.
Bfm howti pickfund_old
The document provides guidance on important factors to consider when screening and selecting mutual funds. Key things to look at include the fund's strategy, risks, expenses, past performance, management, and tax efficiency. It is also important to consider the fund's ratings from third party sources and to select funds with lower fees and risks appropriate for the investor's tolerance. Understanding the fund's prospectus and other documents is also fundamental before investing.
Mutual fund basics article
Many people tend to over complicate saving and investing. This overabundance of information can sometimes generate so many different answers and opinions that you just give up on the question. You don't need brain surgery to fix a sprained wrist, and you don't need to be a pro to build a diversified portfolio and accumulate wealth. This article shows the benefits and the simplicity of investing in a mutual fund.
FIRE ALL FINANCIAL ADVISORS
1) Individual investors can achieve success in stock picking without financial advisors by using free online resources to research stocks and diversify their portfolios.
2) There are three main categories of stocks - growth, value, and high-dividend stocks - which offer different risk-return profiles that suit investors' individual risk tolerance levels.
3) Diversifying a portfolio across small and large company stocks as well as domestic and international stocks can help lower overall risk.
Mutual funds
This presentation explains what are mutual funds and how and where people can invest in mutual funds.
Fundamentals of Investing[1]
This document provides an introduction to investing and key concepts like risk and return. It explains that balancing risk and return is important for achieving financial goals. While higher risk investments offer potential for greater returns, they also carry more uncertainty. The document advocates diversifying investments across different asset classes like stocks, bonds, property and cash to reduce risk. It provides data showing how various asset classes have performed over time, with higher risk assets generally providing higher average returns but also more variability in returns. The key is choosing an appropriate mix of assets based on an individual's risk tolerance and time horizon.
The monthly newsletter by seeman fiintouch LLP November 2021
This monthly newsletter provides investment advice and recommendations. It discusses dynamic asset allocation funds as the best option for retail investors to achieve their goals and maintain peace of mind. An inspiring case study highlights how a medical representative used insurance and SIP investments to manage expenses during an accident-related absence from work. The newsletter also notes that hybrid funds and multicap funds saw high inflows last month, making them trending categories. It recommends multicap funds as providing good diversification through exposure to large, mid and small cap stocks.
Q4 2013 Newsletter
The document provides an overview of key topics from Q4 2013 including:
- Bonds still belong in portfolios despite rising interest rates due to their benefits of low correlation to stocks, lower volatility, and liquidity. Flexible bond funds that can minimize interest rate risk performed well compared to benchmarks in 2013.
- The Merger Fund uses an arbitrage strategy focused on mergers after announcement but before completion to achieve steady returns with very low volatility and correlation to stocks and bonds, making it a good diversifier.
- Duration risk, or sensitivity to interest rate changes, has increased in the bond market and conservative investors should consider this risk given the likelihood of rising rates.
- Being a registered investment advisor
Fundamentals of Investments Summary
This document provides definitions and explanations of key concepts in finance and investment. It covers topics such as total return, risk-free rate, risk premium, forms of market efficiency, types of mutual funds, dividend discount models, portfolio theory, bond yields and durations, sources of risk, and the capital asset pricing model. The document is organized into multiple chapters that progressively build financial literacy from basic to more advanced concepts.
mutual funds
A mutual fund is a pool of money managed by a professional Fund Manager. It is a trust that collects money from a number of investors who share a common investment objective and invests the same in equities, bonds, money market instruments .
Doubleplus Newsletter -November 2021
The document discusses asset allocation and recommends dynamic asset allocation funds for retail investors. It notes that dynamic asset allocation relies on fund managers adjusting the mix of assets as markets change. Dynamic asset allocation funds, also known as balanced advantage funds, aim to sell declining assets and purchase increasing assets. The document provides examples of popular dynamic allocation funds and notes their long-term performance. It also discusses the tax benefits of such funds.
Giis Financial November Newsletter
This monthly newsletter provides financial advice and discusses recent market events and trends. It recommends dynamic asset allocation funds and multicap funds as good long-term investment options. It also provides an inspiring case study of an individual who was able to manage unexpected medical expenses through insurance and SIP investments. The newsletter analyzes market indicators for the previous month and notes that hybrid and equity funds with dynamic approaches saw high inflows from investors.
Wallet4wealth november 2021
The document discusses the performance of the Indian stock market in November 2021. It notes that foreign institutional investors sold around 39,000 crores worth of stocks, which was partially offset by purchases of around 30,000 crores by domestic institutions. The Nifty and Sensex indexes declined around 5% for the month. It also mentions the new Omicron variant is making the market nervous and volatile in the coming days. Investors are advised to remain invested in equities for long-term growth and consider dynamic asset allocation funds for better risk management.
Mutual funds vs Other Investments
Mutual funds have advantages over individual stock picking such as professional management, risk diversification, and lower fees. However, mutual funds also have disadvantages like fees, lack of control, and restrictions on selling. Fixed deposits, bonds, and life insurance also have different risk and return profiles than mutual funds. Overall, mutual funds provide diversification while individual stocks have potential for higher returns but more risk.
Emutual fund november 2021
A monthly Newsletter to manage your personal finance & aim to give a detailed outlook about Mutual funds, other investment options, and Market via INVESTMENT MANTRA.
What is ULIP?
Demystifying ULIP product category.
Understand what makes this product a good offering to achieve your financial goals.
Aravat finkart-november 2021
The market seems to be nervous due to the new variant of Virus Omicron. Experts believe that the market will be volatile in the coming days and they are advising investors to play cautiously.
Navkar financial november-2021
The document discusses asset allocation and recommends dynamic asset allocation funds for retail investors. It notes that dynamic asset allocation relies on fund managers adjusting the mix of assets as markets change. For retail investors in India, balanced advantage funds are recommended as they aim to achieve returns by selling declining assets and purchasing increasing assets. Multicap funds are also highlighted as a trending category that provides diversification across large, mid, and small cap stocks.
Similar to Michael Morrow: Mutual funds (20)
How Wealthy People Use Professional Money Management
How Wealthy People Use Professional Money Management
The monthly newsletter by seeman fiintouch LLP November 2021
The monthly newsletter by seeman fiintouch LLP November 2021
Recently uploaded
DearbornMusic-KatherineJasperFullSailUni
My powerpoint presentation for my Music Retail and Distribution class at Full Sail University
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
“After being the most listed dog breed in the United States for 31
years in a row, the Labrador Retriever has dropped to second place
in the American Kennel Club's annual survey of the country's most
popular canines. The French Bulldog is the new top dog in the
United States as of 2022. The stylish puppy has ascended the
rankings in rapid time despite having health concerns and limited
color choices.”
Discover the Beauty and Functionality of The Expert Remodeling Service
Unlock your kitchen's true potential with expert remodeling services from O'Brien Group Inc. Transform your space into a functional, modern, and luxurious haven with their experienced professionals. From layout reconfiguration to high-end upgrades, they deliver stunning results tailored to your style and needs. Visit obriengroupinc.com to elevate your kitchen's beauty and functionality today.
Prescriptive analytics BA4206 Anna University PPT
Business analysis - Prescriptive analytics Introduction to Prescriptive analytics
Prescriptive Modeling
Non Linear Optimization
Demonstrating Business Performance Improvement
PM Surya Ghar Muft Bijli Yojana: Online Application, Eligibility, Subsidies &...
PM Surya Ghar Muft Bijli Yojana: Online Application, Eligibility, Subsidies &...Ksquare Energy Pvt. Ltd.
During the budget session of 2024-25, the finance minister, Nirmala Sitharaman, introduced the “solar Rooftop scheme,” also known as “PM Surya Ghar Muft Bijli Yojana.” It is a subsidy offered to those who wish to put up solar panels in their homes using domestic power systems. Additionally, adopting photovoltaic technology at home allows you to lower your monthly electricity expenses. Today in this blog we will talk all about what is the PM Surya Ghar Muft Bijli Yojana. How does it work? Who is eligible for this yojana and all the other things related to this scheme?Sustainable Logistics for Cost Reduction_ IPLTech Electric's Eco-Friendly Tra...
Sustainable Logistics for Cost Reduction_ IPLTech Electric's Eco-Friendly Transport Solution
欧洲杯投注-欧洲杯投注外围盘口-欧洲杯投注盘口app|【网址🎉ac22.net🎉】
【网址🎉ac22.net🎉】欧洲杯投注是体育博彩和在线赌场之一，得益于UKGC的三项许可。 成立之初是三名博彩公司将40家博彩商店的合并的结果，共同创建一家名为欧洲杯投注的公司。 欧洲杯投注在线赌场为游戏爱好者提供了300多种游戏，其中200多种老虎机，其他游戏包括二十一点，轮盘，真人荷官和真人赌场等。
The latest Heat Pump Manual from Newentide
𝐔𝐧𝐯𝐞𝐢𝐥 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐄𝐧𝐞𝐫𝐠𝐲 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐰𝐢𝐭𝐡 𝐍𝐄𝐖𝐍𝐓𝐈𝐃𝐄’𝐬 𝐋𝐚𝐭𝐞𝐬𝐭 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬
Explore the details in our newly released product manual, which showcases NEWNTIDE's advanced heat pump technologies. Delve into our energy-efficient and eco-friendly solutions tailored for diverse global markets.
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Explore the fascinating world of the Gemini Zodiac Sign. Discover the unique personality traits, key dates, and horoscope insights of Gemini individuals. Learn how their sociable, communicative nature and boundless curiosity make them the dynamic explorers of the zodiac. Dive into the duality of the Gemini sign and understand their intellectual and adventurous spirit.
2024-6-01-IMPACTSilver-Corp-Presentation.pdf
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
TIMES BPO: Business Plan For Startup Industry
Starting a business is like embarking on an unpredictable adventure. It’s a journey filled with highs and lows, victories and defeats. But what if I told you that those setbacks and failures could be the very stepping stones that lead you to fortune? Let’s explore how resilience, adaptability, and strategic thinking can transform adversity into opportunity.
Unlocking WhatsApp Marketing with HubSpot: Integrating Messaging into Your Ma...
50 million companies worldwide leverage WhatsApp as a key marketing channel. You may have considered adding it to your marketing mix, or probably already driving impressive conversions with WhatsApp.
But wait. What happens when you fully integrate your WhatsApp campaigns with HubSpot?
That's exactly what we explored in this session.
We take a look at everything that you need to know in order to deploy effective WhatsApp marketing strategies, and integrate it with your buyer journey in HubSpot. From technical requirements to innovative campaign strategies, to advanced campaign reporting - we discuss all that and more, to leverage WhatsApp for maximum impact. Check out more details about the event here https://events.hubspot.com/events/details/hubspot-new-delhi-presents-unlocking-whatsapp-marketing-with-hubspot-integrating-messaging-into-your-marketing-strategy/
Dpboss Matka Guessing Satta Matta Matka Kalyan panel Chart Indian Matka Dpbos...
Dpboss Matka Guessing Satta Matta Matka Kalyan panel Chart Indian Matka Dpbos...➒➌➎➏➑➐➋➑➐➐Dpboss Matka Guessing Satta Matka Kalyan Chart Indian Matka
Sattamatka.satta.matka.satta matka.kalyan weekly chart.kalyan chart.kalyan jodi chart.kalyan penal chart.kalyan today.kalyan open.fix satta.fix fix fix Satta matka nambarBest Competitive Marble Pricing in Dubai - ☎ 9928909666
Stone Art Hub offers the best competitive Marble Pricing in Dubai, ensuring affordability without compromising quality. With a wide range of exquisite marble options to choose from, you can enhance your spaces with elegance and sophistication. For inquiries or orders, contact us at ☎ 9928909666. Experience luxury at unbeatable prices.
Kirill Klip GEM Royalty TNR Gold Lithium Presentation
Lithium Will Power Us For The Next 50 Years And Then Robots: Kirill Klip GEM Royalty TNR Gold Lithium Presentation
Ellen Burstyn: From Detroit Dreamer to Hollywood Legend | CIO Women Magazine
In this article, we will dive into the extraordinary life of Ellen Burstyn, where the curtains rise on a story that's far more attractive than any script.
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
SATTA MATKA DPBOSS KALYAN MATKA RESULTS KALYAN CHART KALYAN MATKA MATKA RESULT KALYAN MATKA TIPS SATTA MATKA MATKA COM MATKA PANA JODI TODAY BATTA SATKA MATKA PATTI JODI NUMBER MATKA RESULTS MATKA CHART MATKA JODI SATTA COM INDIA SATTA MATKA MATKA TIPS MATKA WAPKA ALL MATKA RESULT LIVE ONLINE MATKA RESULT KALYAN MATKA RESULT DPBOSS MATKA 143 MAIN MATKA KALYAN MATKA RESULTS KALYAN CHART
The Steadfast and Reliable Bull: Taurus Zodiac Sign
Explore the steadfast and reliable nature of the Taurus Zodiac Sign. Discover the personality traits, key dates, and horoscope insights that define the determined and practical Taurus, and learn how their grounded nature makes them the anchor of the zodiac.
一比一原版(QMUE毕业证书)英国爱丁堡玛格丽特女王大学毕业证文凭如何办理
永久可查学历认证【微信：A575476】【(QMUE毕业证书)英国爱丁堡玛格丽特女王大学毕业证成绩单Offer】【微信：A575476】（留信学历认证永久存档查询）采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。
【业务选择办理准则】
一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信：A575476】文凭即可
二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信：A575476】即可
三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
→ 【关于价格问题（保证一手价格）
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
选择实体注册公司办理，更放心，更安全！我们的承诺：可来公司面谈，可签订合同，会陪同客户一起到教育部认证窗口递交认证材料，客户在教育部官方认证查询网站查询到认证通过结果后付款，不成功不收费！
Recently uploaded (20)
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
Discover the Beauty and Functionality of The Expert Remodeling Service
Discover the Beauty and Functionality of The Expert Remodeling Service
PM Surya Ghar Muft Bijli Yojana: Online Application, Eligibility, Subsidies &...
PM Surya Ghar Muft Bijli Yojana: Online Application, Eligibility, Subsidies &...
Sustainable Logistics for Cost Reduction_ IPLTech Electric's Eco-Friendly Tra...
Sustainable Logistics for Cost Reduction_ IPLTech Electric's Eco-Friendly Tra...
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Unlocking WhatsApp Marketing with HubSpot: Integrating Messaging into Your Ma...
Unlocking WhatsApp Marketing with HubSpot: Integrating Messaging into Your Ma...
Dpboss Matka Guessing Satta Matta Matka Kalyan panel Chart Indian Matka Dpbos...
Dpboss Matka Guessing Satta Matta Matka Kalyan panel Chart Indian Matka Dpbos...
Best Competitive Marble Pricing in Dubai - ☎ 9928909666
Best Competitive Marble Pricing in Dubai - ☎ 9928909666
Kirill Klip GEM Royalty TNR Gold Lithium Presentation
Kirill Klip GEM Royalty TNR Gold Lithium Presentation
Ellen Burstyn: From Detroit Dreamer to Hollywood Legend | CIO Women Magazine
Ellen Burstyn: From Detroit Dreamer to Hollywood Legend | CIO Women Magazine
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
Satta Matka Dpboss Kalyan Matka Results Kalyan Chart
The Steadfast and Reliable Bull: Taurus Zodiac Sign
The Steadfast and Reliable Bull: Taurus Zodiac Sign
Michael Morrow: Mutual funds
- 1. LEARN MORE ABOUT MUTUAL FUNDS MICHAEL MORROW WWW.MICHAELMORROW.ORG
- 2. Liquidity When it comes to liquidity, mutual funds usually get a good rating. If you want to access the money in the fund, you can do so without any penalties or extra taxes. However, the degree of liquidity depends on the type of funds you own. There are three different classes of mutual funds, and each class has different fees associated with it.
- 3. Safety If mutual funds received a rating for safety, the rating would not be very high. The success and failure of mutual funds depend on the performance of the market. When the market is up, so is the mutual fund. But when the market is down, so is the mutual fund. If safety is your biggest concern when it comes to your assets, then you should seriously consider how comfortable you are facing the risks of the market.
- 4. Expenses With mutual funds, there are two fees that immediately stand out: the fund management fee, or administrative fee, and the fee associated with using a financial advisor. Management fees can vary from low to high. However, Morningstar reports that the average management fee for a mutual fund is 1.25%. A 1.25% management fee is actually similar to the management fees of other assets out there. Many people need the assistance of a financial advisor to help them manage the fund, and that adds another 1 or 2 percent to the expenses.
- 5. Rate Of Return Since mutual funds are tied to the market, their rate of return can vary significantly. Mutual funds have the potential to grow over time, but many investors fall prey to their emotions. They either get worried and sell too soon or chase top rated mutual funds with the hope of making more money. The typical bond investor has only averaged a 0.59% return over the last 30 years.
- 6. Tax Efficiency Since you’re taxed when the fund manager sells individual assets, you can end up paying a lot of taxes on a mutual fund. Each year you’ll receive a 1099 form for the fund. If any assets were sold in less than a year, they’ll be considered ordinary income, and you’ll have to pay the expensive taxes associated with that. On the other hand, assets held for more than a year will be taxed as capital gains. If you use a mutual fund manager like the majority of people, you have no control over when the manager buys or sells assets. One strategy to avoid excessive taxes is to invest in an index fund that has low turnover rates rather than an actively managed fund.