“FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors.
Veteran Advisor Reveals 8 Great Investment Rules He Learned From A Non-Professional Investor (Advisor Perspectives)
Rob Isbitts of Sungarden Investment Research, who was named one of the top U.S. wealth advisors four times by Worth magazine, said he got some of his best investment advice from his father, a non-professional investor. Those are “ingrained” in his firm’s investment process.
1. “Never buy a security unless you believe the reward to risk ratio is at least 2:1 in your favor.” 2. Don’t waste too much time on predictions. 3. Stock will almost always fall faster than they rallied. 4. Have a target sale price and be ready to sell at or near your target. Also be open to changing your target when conditions change. 5. Don’t follow the rabble. 6. “In a bull market, even if you sell prematurely, another opportunity will arise elsewhere. Falling in love is for mating, not investments.” 7. In a bear market be very flexible. 8. Keep your emotions in check when you’re investing.
BlackRock Is Giving Equity Managers The Boot (Pensions & Investments)
BlackRock has replaced portfolio managers on 80% of its equity teams in the past year and a half, according to Pensions & Investments. And this has extended to research analysts as well with entire teams being laid off. BlackRock saw $20.5 billion in net outflows from its active equity portfolios in the year through March 31. Active equity accounts for a smaller part of its AUM but a significant portion of revenue.
Last Month Was Very Bad For Low Volatility Strategies (Falkenblog)
Many researchers are questioning low volatility strategies after their underperformance relative to high beta strategies.
Falkenblog
Chauncey Mayfield and his MayfieldGentry Realty Advisors will pay back almost $3.1 million that was allegedly stolen from a pension fund it managed for Detroit’s police and firefighters, according to the SEC….”
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