RETIREMENT PLANNING - ADVANCED INVESTMENT WEBINAR
The Advanced Investment Seminar has been extremely popular and often sold out. The seminars have been designed for Doctors who have some knowledge and experience with investing (although we realize there are always less experienced doctors in attendance who are looking to learn more about investing from someone who is not selling anything). In response to many of your requests, we are offering the Advanced Investment Seminar this year, virtually! Since we cannot meet on-site this December, we are presenting a webinar version of this Seminar in six, hour-long, segments that are eligible for AGD PACE CE Credits (1 per hour).
We will start with some basic concepts before diving into more advanced topics like financial planning, asset allocation, how to select great companies, and much more. The goal is to get wealthy by investing our savings in a sensible long-term manner without letting investing take over our lives.
Each session will air live and be followed by a Q&A session with the speaker.
If you cannot make the live-streamed event, a self-instruction recording will be available for you to access at your convenience.
We wish we could be meeting all of you live in Chicago or New York as in a typical year, but we’re excited nevertheless to be able to offer this one-time webinar version of the Advanced Investment Seminar. We hope you can attend one or more of these valuable presentations!
December 1, 2, 3, 8, 9, and 10, 2020
Approx. 3pm Eastern Time
Non-Member: $189 per segment (credit hour)
Member: $170.10 per segment (credit hour)
Non-Member Bundle: $1020.60 (6 credit hours)
Bundle w/Member Disc: $963.90 (6 credit hours)
LIVE ONLINE WEBINAR
1 CREDIT HOUR PER SEGMENT
(totaling 6 if purchasing all webinar segments)
DOWNLOADABLE RESOURCES WILL BE PROVIDED
AGD Subject Code: 550 (Practice Management)
Teaching Method: Lecture
Purchase the episode of your choice below. If you wish to purchase more than one, but not the whole bundle, please call our office during normal business hours, and we will happily assist you by phone.
YOU MAY CALL FOR MORE DETAILS, OR TO RESERVE BY PHONE!
EPISODE 1: Investment Principles – Some Obvious, Some Less So
SCHEDULED TO AIR: Dec. 1, 2020
This first hour will provide a summary of the principles of investing. These concepts are invaluable to anyone interested in learning how to manage their own investments -- or overseeing how others are doing on their behalf. This will also be a needed refresher for more seasoned investors who are concerned about the recent volatility in the markets caused by scary but ultimately temporary disruptions like the COVID-19 pandemic or the election fallout.
Topics will include:
- How many doctors (who didn’t receive a large inheritance or won their state lottery) are retiring with more money than they ever imagined
- Understanding the difference between risk and volatility and using volatility to your advantage
- Building an investment plan and asset allocation that makes you comfortable
- The pros and cons of using “professional” money managers
- The ideal stock investment – an outstanding business, with outstanding management at a sensible price
- Selling the losers and riding the winners
- Diversification – helps avoid big losses, but at the cost of making big gains
- Investment metrics: P/E ratio, “PEG” ratio, and return on equity
- An index fund or “solar system” approach to investing for those who aren’t inclined to oversee a larger stock portfolio
EPISODE 2: Understanding Investment History for Perspective on Today’s Investment Landscape
SCHEDULED TO AIR: Dec. 2, 2020
This second hour will dive into the long-term history of stock and bond market performance, making the case for stocks for the long term. Even in this current low-rate environment, bonds can have their place in a portfolio. They are less volatile than stocks and bring peace of mind to skittish investors even if they provide little income. But, we’re in a bond bubble with very high prices and very low interest rates, so it’s imperative that you be smart with your purchases.
Topics will include:
- The extent to which stocks dramatically out-perform bonds over the long haul
- Low interest rates naturally increase asset valuations, and why stocks are not over-priced at least when compared to bonds
- What is driving these low interest rates, and how long could it continue?
- Where to park cash that is waiting to be invested for both safety and income
- Why sitting on the sidelines or selling in fear or a bear market wreaks havoc with portfolio performance
EPISODE 3: Investment Math
SCHEDULED TO AIR: Dec. 3, 2020
We must learn certain investment fundamentals (like how to estimate what our current savings may grow to, how much will I need to save in order to reach my goals, etc.) before we can invest sensibly. If we can calculate the future growth or the internal rate of return of an investment, we can make smarter decisions about what to buy and what to avoid. Also, having a sense of how our investments may perform will help us learn to avoid the investment and insurance salesmen who earn their commissions in large part by taking advantage of their customers’ limited investment understanding. Investment math is not difficult. It is slightly more complicated than basic arithmetic, and it requires knowing how to use an investment calculator. During this webinar, we will work through basic examples of investment math using the Hewlett Packard 12c calculator, and we recommend that attendees have one (or the HP-12c phone app) available so they can learn first-hand and follow along.
Key: The material covered in this hour is a pre-requisite for the next hour in which we explain how we examine stocks to determine whether they may be priced to generate high long-term returns.
Topics will include:
- Becoming familiar with the concepts of “present value,” “future value” and “internal rate of return”
- Backing into the present (i.e., starting) value of a retirement nest egg that have to last for a lengthy retirement
- Estimating the future value of an investment or an investment account
- Calculating the rate of return that takes a current value up to a larger one in the future.
EPISODE 4: Analyzing Individual Stocks to Determine the Right Time to Buy
SCHEDULED TO AIR: Dec. 8, 2020
In this hour, we will review several companies that we think meet our investment criteria of (1) providing products or services that are simple enough for us to understand, (2) that are run by honest and competent management, and (3) that show track records of consistently rising profits. But, even a great company can be a poor investment if we overpay for it. So, using our knowledge of investment math, we will examine the historical financial data of these companies to make educated predictions about future company earnings and stock prices. We will then calculate our expected annual investment returns in these stock if we buy them at today’s prices. We may conclude that some of these stocks are currently over-priced (and we won’t buy now) and others might be attractively priced (and we will buy). This is the same logical approach to stock valuation used by Warren Buffett.
Topics will include:
- Working through and understanding Value Line research reports
- Why top businesses have consistently rising earnings per share (EPS) and high returns on shareholder’s equity (ROE)
- Thinking of our stock investments as “equity-bonds” but with more favorable attributes (i.e., annually expanding earnings) than a bond with its fixed rate of interest
- How to estimate, in a reasoned way, our long-term rate of return if we purchase a stock today and hold it for the next decade. This will help us immensely in deciding when is the right time to buy and when we are better off holding cash and waiting for better opportunities
EPISODE 5: This Ain't Your Daddy's Market!
SCHEDULED TO AIR: Dec. 9, 2020
PRESENTED BY: CHRIS GUINTHER OF MONTAG WEALTH MANAGEMENT
With markets at all-time highs and interest rates at all-time lows, some of what you’ve learned about investing over the past 50 years needs re-thought! From asset classes to asset allocation, and from individual securities to ETF’s, let’s talk about investing vehicles and strategies. With a pandemic, a work from home revolution, negative yielding bonds in Europe, and an election season unlike any other, it’s a good time to dust off your old investment playbook and take in an update more fitting for the rest of the 21st century. Chris Guinther, chief investment strategist at MONTAG Wealth is here to challenge some tried and true investment mantras. Chris will provide you with some REAL INVESTMENT ADVICE.
Topics will include:
- A stock market overview
- Why is the market so high, and is it likely to go higher?
- How to invest in high growth/high price companies like TSLA, DOCU, and PINS
- Banks, Staples, Technology, Energy…and all other sectors post the election
- Perspective on why interest rates are so low and what that means going forward
- Should you invest in Value or Growth, why, and what’s the difference?
- Re-open (from lockdown) trades to consider
- Exchange traded funds (ETFs), what they are, and how they can help
Chris Guinther is a portfolio manager and Senior Equity Strategist. He leads equity research and market strategy efforts at MONTAG. His expertise includes stocks and bonds, with particular focus on technology stocks and growth investing. Prior to joining MONTAG in 2018, Chris was President, Chief Investment Officer, and founding partner of an institutional investment firm in Atlanta. For nearly 20 years, he served as a lead portfolio manager overseeing billions in small and large cap growth equity mutual funds, was a frequent guest on CNBC, and was frequently quoted in financial news periodicals and newspapers. Chris draws on his nearly 30 years of experience as a private investor and as an institutional mutual fund manager. His institutional career spans the time period before the internet bubble in the 90’s and well into the recovery following the Great Financial Crisis in 2008. While investing in public securities for 30 years professionally he has been investing in real estate, franchises, and small businesses privately.
Chris will be thrilled to receive inquiries at 678.539.8223 or at [email protected]
Randy Loving manages portfolios for individuals, families, and institutions, and devotes much of his time to investment analysis specializing in asset allocation decisions and security selection. Randy has worked in the investments field for 18 years. Prior to joining MONTAG, Randy was a Sector Portfolio Manager for the RidgeWorth Investments Growth team, focusing on Financial and Technology companies. In addition, Randy spent eight years at SunTrust as both an Equity Analyst and Portfolio Manager in the Personal Asset Management group. Randy began his career at The Northern Trust in Chicago. Randy also has significant personal experience in private equity investing. A native of Fort Lauderdale, Florida, Randy and his wife, Monika, have one daughter and one son. In his free time, Randy enjoys reading, fishing, and endurance sports.
EPISODE 6: Finding Opportunity in Fixed Income Investments
SCHEDULED TO AIR: Dec. 10, 2020
PRESENTED BY: MARILYN COHEN OF ENVISION CAPITAL MANAGEMENT
With interest rates so low, investors need to be nimble. Between the Federal Reserve’s intent to keep rates lower for longer and the insatiable demand for bonds, it’s wise to invest differently than we have in the past.
Topics will include:
- The various sectors of a company’s capital structure and where the values lay
- The ridged ratings are to be used only as a suggestion
- The various structures of your fixed-income investments and how they can greatly affect yield
- We will employ practical examples to underscore the theory
- We will provide actionable recommendations
- We will identify the credit metrics essential to fixed income management
Marilyn Cohen is one of the country’s top bond managers. She began her 40-year financial career as a securities analyst at William O’Neil & Co. She moved into bond brokerage at Cantor Fitzgerald, Inc. then founded Envision Capital Management 25 years ago. As Envision’s CEO, Marilyn, and her company specialize in managing bond portfolios for individuals. During this same 25 years, Marilyn has written the bond column appearing in Forbes magazine. She is the author of six books on the bond market investing for individuals—all available at Amazon.com. Marilyn is a popular guest on CNBC, Fox Business News, PBS, and each of the major broadcast networks. Her comments—always explained in plain English—guide individuals through the inner workings of the bond market.
Marilyn is pleased to receive client inquiries at 800.400.0989 or by email at [email protected]
If you have any questions that are not addressed here, please call 216-765-1199 for more information.
Collier & Associates, Inc.
Nationally Approved PACE Program Provider for FAGD/MAGD credit.
Approval does not imply acceptance by any regulatory authority or AGD endorsement.
October 1, 2020 - September 30, 2024
Provider ID #209852
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