What's Your Mix?

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Jul 17, 2007 2:21 pm

Not related to alcohol........


Mostly SMA on here, or do we have some wrap?  Anyone doing mutuals, or are there a bunch of "stock jockies" on here?


Just curious.  As for me, I do a little of everything, but am using the RIA I work with for my bigger clients.  He runs a nice business and gets good risk-adjusted returns using covered call writing on large cap value holdings..........



Jul 17, 2007 2:41 pm

100% Transactional business:  48% Mutual Funds, 48% VAs, 2% Life Insurance.  I really want to increase my life insurance production and I just received my series 66 study materials.


Jul 17, 2007 3:44 pm

40% Funds, 40% VAs, 15% Wrap, 5% Life Ins. I too wish increase my insurance & my Wrap business.



I would like my product mix to be: 30% Funds, 30% VAs, 20% Wrap & 20% Life Ins.

Jul 17, 2007 5:27 pm

45% VA, 40% Mfds, 5-10% wrap, 5-10% combination of Life ins, LTC insurance, and the very occasional fixed annuity.


I'd like to increase the wrap % over time, trying to add $100M/month aum to my wrap accounts (no particular logic, just pulled the number out of the air when I started doing it).


I feel like I should be doing 5-10% REIT's to get non-correlated return for my clients, but I'm currently not doing any.

Jul 17, 2007 6:21 pm

I feel like I should be doing 5-10% REIT's to get non-correlated return for my clients, but I'm currently not doing any.

[/quote]



I started to put 5% REITs into all of my portfolios. Most people I talk to say it's still too early hence my determination to do them!

Jul 17, 2007 6:24 pm

I have been doing reits in portfolios for about 3 years now...been doing great, but have been beat up a little as of late.

Jul 17, 2007 7:15 pm

40% Advisory Fees, 25% Funds, 20% Equities, 5% Fixed, 5% Insurance, 5% Annuity. 

Ideally want 80% fees/trails and 20% from top 20 stock clients. Minimum for me to do individual stocks is 100k.

Jul 17, 2007 7:39 pm

60% MF's, 25% Wrap, 10% VA 5% other

Jul 17, 2007 11:00 pm

You're a little late to the REIT game.  What 6% to lock up money for 5-7 years while cash is paying 5%?  REIT's are a bond alternative at this point, credit will dry up, commercial building will slow down, supply will go up and demand down.  All signs point to little upside and longer hold periods for some reit's. 

Jul 17, 2007 11:03 pm

My mix? 75% say "yes" and 25% say "no."

Jul 18, 2007 10:36 am
Bobby Hull:

My mix? 75% say "yes" and 25% say "no."


Women or prospective clients??

Jul 18, 2007 11:31 am

40% VAs, 35%Funds, 5% Stocks, and 20% REITS

Jul 18, 2007 11:38 am
the word:

40% VAs, 35%Funds, 5% Stocks, and 20% REITS



20% REITs?  You've got a stronger stomach than me...........

Jul 18, 2007 1:52 pm

85% new wrap biz and trails from wraps


10% new mutual funds and trails from them


5%  everything else..(annuities,money market trails, indiv stocks)


scrim

Jul 18, 2007 3:01 pm
scrim67:

85% new wrap biz and trails from wraps



10% new mutual funds and trails from them



5% everything else..(annuities,money market trails, indiv stocks)



scrim





Nice, scrim! How much do you have in total AUM in wrap?

Jul 18, 2007 3:50 pm

Approx 14M

Jul 18, 2007 7:13 pm
OhioAdvisor:

You're a little late to the REIT game. 
What 6% to lock up money for 5-7 years while cash is paying 5%? 
REIT's are a bond alternative at this point, credit will dry up,
commercial building will slow down, supply will go up and demand
down.  All signs point to little upside and longer hold periods
for some reit's. 





He's talking about publicly traded REITs. Private reits are total scam.
If the people/properties were any good it they would be trading
publicly. If you look at the total package of expenses (e.g note the
godawful fee's paid to management and the huge underwriting expense) as
well as conflicts of interest/entrenchment of management , they are a
pretty bad deal.



Even worse, as Seth Klarman notes ""When investors do not demand compensation for bearing illiquidity, they almost always come to regret it."



Of course, anyone who is foolish enough to own a private REIT is well
qualified to lose to anyone else, so behold LXP/SFI chasing after Wells
REIT I with a tender offer.

Jul 18, 2007 7:28 pm

Private reits are total scam. If the people/properties were any good it they would be trading publicly.


Many publicly traded REITs started out as private and when they were large enough they went public.  The money has to accumulate from someplace before they go public and real estate has to be acquired.  That isn't going to happen on an IPO.  A non publicly traded REIT from a known management firm is not a scam.

Jul 18, 2007 7:45 pm
Dust Bunny:

Private reits are total scam. If the people/properties were any good it they would be trading publicly.


Many publicly traded REITs started out as private and when they were
large enough they went public.  The money has to accumulate from
someplace before they go public and real estate has to be
acquired.  That isn't going to happen on an IPO.  A non
publicly traded REIT from a known management firm is not a scam.





And how many of these formerly private REITs that went public were previously sold to the public via direct placements? I can think of one, (DCT Industrial) and thats about it.



The REITs that are sold to the gullable in private placements are
mostly an excuse to collect rapacious management fee's/expenses that
would never fly with institutional investors.



That's been pretty much the case will all private LP/REIT offerings. 

Jul 19, 2007 12:02 am
bluestars80:
the word:

40% VAs, 35%Funds, 5% Stocks, and 20% REITS



20% REITs?  You've got a stronger stomach than me...........



Don't worry Blue, he's at a bank remember?  Everything is guaranteed, it's all covered...no risk at all...