Presentations (2872)
Bullseye Highlights Betas on the Cusp T he investment mantra for years has been to diversify. But how do you achieve real diversification? Nobel Prize winning economist Harry Markowitz became famous for his research in this area during the 1950s as he developed the concept known as Modern Portfolio Theory (MPT), based largely on the concept of combining noncorrelated assets. As investors tried...
Bullseye Highlights Asset Class Seasonality There is an old adage that says, “Sell in May and go away.” Is there any truth to it, or is it just a clever thing to say without any statistical validity? Historically, the phrase has been largely dismissed by academics as anecdotal at best. There are many catch-phrases that are popular in the financial services industry,...
Bullseye Highlights The Amnesia Effect S ometimes events happen that are so traumatic that the mind’s only way of coping is to erase all memory of the event, creating a period of short-term memory loss, or amnesia. It seems investors have a similar response to market crashes and suffer from The Amnesia Effect. Historical data shows that investors often retreat from the market while it...
Bullseye Highlights Alternative Assets M any portfolios aren’t truly as diversified as investors believe. That’s because traditional portfolios—including conventionally diversified ones—consist exclusively of stocks and bonds, whose response to varying market conditions is insufficiently independent. Reducing correlation between asset classes in a...
Bullseye Highlights Alpha Beta Soup he financial services likes to terms like alpha and yet many people don’t either of those terms mean. Beta refers to the generic of asset Tstocks know whatAlphaindustrydifferencethrow around technical or below,performancebeta,anreturnsclass, such as or bonds. is the in performance, above the generic beta of an asset class. For example, a portfolio...
Bullseye Highlights Absolute Returns W ealthy investors tend to have a very different mindset than the average investor. Most average investors are looking to get rich, whereas wealthy investors are looking to stay rich by preserving their wealth and increasing their assets with slow and steady growth over the long term. Wealthy investors rarely chase short-term performance, whereas...
Bullseye Highlights A Look at Yield W hen investors think of yield, they typically think of the interest earned on fixed income investments, such as Treasuries and corporate bonds. With interest rates near all-time lows, investors have become increasingly eager to find additional sources of income. Traditional sources of income, such as government bonds, bank CDs, and savings accounts simply...
10 Steps to Take When Government Agents Knock on the Company’s Door Few businesses expect to become the subject of a government investigation, yet it happens every day. Government investigations cut across all industries with no exceptions. Government agents often appear unannounced at businesses to execute search warrants, serve subpoenas and interview employees. Planning for the...
THE UPCOMING CORPORATE GOVERNANCE ANNUAL DISCLOSURE FILING (FORC Journal: Vol. 26 Edition 3 - Fall 2015) Frances R. Roggenbaum, Esq. (717) 257-7526 As reported in the Summer 2015 Edition of the FORC Journal, assuming adoption by the states, a new annual Corporate Governance Annual Disclosure (CGAD) filing would be required by insurers or insurer groups beginning in 2016. In this article I address...
IRS Limits Recently Announced for Benefits and Other Tax Provisions for 2016 The IRS recently announced cost-of-living adjustments for various provisions affecting employee benefit plans, savings programs and other tax provisions for the tax year 2016. 2015 2016 Social Security Wage Base $118,500 $118,500 RETIREMENT PLAN LIMITS Limit on Elective Deferrals Limit on Catch-Up Deferrals Annual...
THE OLDEST LAW JOURNAL IN THE UNITED STATES Lawyers, Firms Should Embrace Process of Succession Planning Robert H. Louis As originally published in The Legal Intelligencer , December 21, 2015 I recently spoke at a Pennsylvania Bar Institute program titled “Succession Planning for Lawyers,” along with attorneys Dennis Reardon and David Fitzsimons and Gina Sage of the insurance...
