What's Your Mix?

Jul 17, 2007 6:21 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 6:41 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 7:44 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 9:27 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 10:21 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 10:24 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 11:15 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 11:39 pm

60% MF’s, 25% Wrap, 10% VA 5% other

Jul 18, 2007 3:00 am

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 18, 2007 3:03 am

My mix? 75% say “yes” and 25% say “no.”

Jul 18, 2007 2:36 pm

[quote=Bobby Hull]My mix? 75% say "yes" and 25% say "no." [/quote]

Women or prospective clients??

Jul 18, 2007 3:31 pm

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

Jul 18, 2007 3:38 pm

[quote=the word]40% VAs, 35%Funds, 5% Stocks, and 20% REITS[/quote]

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

Jul 18, 2007 5:52 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 7:01 pm

[quote=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

[/quote]



Nice, scrim! How much do you have in total AUM in wrap?
Jul 18, 2007 7:50 pm

Approx 14M

Jul 18, 2007 11:13 pm

[quote=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. 

[/quote]



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 11:28 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 11:45 pm

[quote=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.

[/quote]

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 4:02 am

[quote=bluestars80]

[quote=the word]40% VAs, 35%Funds, 5% Stocks, and 20% REITS[/quote]

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

[/quote]

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

Jul 19, 2007 1:38 pm

Snagglepuss= New Idiot. 

Yeah the FDIC covers everything.  But how about this smartass.  I think is perfectly appropriate to add another asset class to my portfolios.  An asset class that does not highly correlate with the rest of the portfolio.  Wow! 

There is no need to mock me b/c you don't understand this or the product. 

Jul 19, 2007 1:49 pm

[quote=the word]

Snagglepuss= New Idiot. 

Yeah the FDIC covers everything.  But how about this smartass.  I think is perfectly appropriate to add another asset class to my portfolios.  An asset class that does not highly correlate with the rest of the portfolio.  Wow! 

There is no need to mock me b/c you don't understand this or the product.  [/quote]

Ok..........that was funny.  YEah, now's a great time to plow a bunch of money in REITS.......

Is that the flavor of the month investment idea your regional manager is oushing so he gets his 6 figure bonus?? 

Jul 19, 2007 2:16 pm

No dumbass, now may not be, but 5 years ago sure was. You can't argue with the results and the satisfied investors. 

Your last statement was just more ignorance.  I am not in a prop. bank program.  It is farmed out and i am an independent contractor.  I sell what i want.  I have never had anyone reccomend that i push so and so and don't have a regional manager.  You really would not look so dumb if you spoke with any knowledge of the situation, ever, at all.

Jul 19, 2007 3:35 pm

[quote=bluestars80][quote=the word]

Snagglepuss= New Idiot. 

Yeah the FDIC covers everything.  But how about this smartass.  I think is perfectly appropriate to add another asset class to my portfolios.  An asset class that does not highly correlate with the rest of the portfolio.  Wow! 

There is no need to mock me b/c you don't understand this or the product.  [/quote]

Ok..........that was funny.  YEah, now's a great time to plow a bunch of money in REITS.......

Is that the flavor of the month investment idea your regional manager is oushing so he gets his 6 figure bonus?? 

[/quote]

It's the heavy payout on private placements.

Non listed REITs are very non-correlated since they don't get marked to market.

"See it hasn't lost value, I'm a genius"
Jul 19, 2007 3:39 pm

[quote=the word]

Snagglepuss= New Idiot. 

Yeah the FDIC covers everything.  But how about this smartass.  I think is perfectly appropriate to add another asset class to my portfolios.  An asset class that does not highly correlate with the rest of the portfolio.  Wow! 

There is no need to mock me b/c you don't understand this or the product. 

[/quote]

Do your bank's clients feel you have NO sense of humor as well?  You are just so cut and dry that having a conversation with you is like putting salt on the wound.

I mean, I think I understand REITs pretty well...those are the government backed securities, right?

Jul 19, 2007 3:44 pm

Who can have a sense of humor on this board?

You can post anything without being attacked.  I would love for this board not to be filled with witty retorts to the most simplisctic of questions.

Jul 19, 2007 3:59 pm

[quote=snaggletooth][quote=the word]

Snagglepuss= New Idiot. 

Yeah the FDIC covers everything.  But how about this smartass.  I think is perfectly appropriate to add another asset class to my portfolios.  An asset class that does not highly correlate with the rest of the portfolio.  Wow! 

There is no need to mock me b/c you don't understand this or the product. 

[/quote]

Do your bank's clients feel you have NO sense of humor as well?  You are just so cut and dry that having a conversation with you is like putting salt on the wound.

I mean, I think I understand REITs pretty well...those are the government backed securities, right?

[/quote]

No no, Mrs Jones, you are confusing REITs with annuities.
Jul 19, 2007 4:48 pm

Nothing like guaranteed underperformance to show your value, isn't that right ALLREIT?

Jul 19, 2007 5:07 pm

[quote=the word]

Who can have a sense of humor on this board?

You can post anything without being attacked.  I would love for this board not to be filled with witty retorts to the most simplisctic of questions.

[/quote]

I would love for this board to serve cheese with your whine.

Jul 19, 2007 5:10 pm

[quote=Ferris Bueller][quote=the word]

Who can have a sense of humor on this board?

You can post anything without being attacked.  I would love for this board not to be filled with witty retorts to the most simplisctic of questions.

[/quote]

I would love for this board to serve cheese with your whine.

[/quote]

Better watch out. Soon he/she will be accusing you of cyberbullying    Waaaahhh

Jul 19, 2007 5:44 pm

[quote=the word]

Who can have a sense of humor on this board?

You can post anything without being attacked.  I would love for this board not to be filled with witty retorts to the most simplisctic of questions.

[/quote]

Me.

Jul 19, 2007 6:13 pm

"Banks and used car lots are where brokers go who can't prospect"

Hey that's an insult... to used car salesmen!

Jul 19, 2007 6:14 pm

[quote=the word]

Who can have a sense of humor on this board?

You can post anything without being attacked.  I would love for this board not to be filled with witty retorts to the most simplisctic of questions.

[/quote]

Jul 19, 2007 6:20 pm

[quote=Dust Bunny][quote=Ferris Bueller][quote=the word]

Who can have a sense of humor on this board?

You can post anything without being attacked.  I would love for this board not to be filled with witty retorts to the most simplisctic of questions.

[/quote]

I would love for this board to serve cheese with your whine.

[/quote]

Better watch out. Soon he/she will be accusing you of cyberbullying    Waaaahhh

[/quote]

Oh, i can take it.  No accusations from me. 

Its just pointless.  Not really helping anyone.

Jul 19, 2007 6:22 pm

sure thing Nancy.

Jul 19, 2007 6:23 pm

This board could be useful, but too many folks on here just plain negative, or frustrated at one thing or another and come here to vent.  Like Bobby and the fact that even the Viagra is not working...

This board has become a waste of time.  It should be treated as such.

Jul 19, 2007 6:26 pm

[quote=Ferris Bueller]sure thing Nancy.[/quote]

Thanks coarksucker!

Jul 19, 2007 6:27 pm

Damn, I really messed that up!

Jul 19, 2007 6:35 pm

[quote=the word]

Damn, I really messed that up!

[/quote]

You can run, but you can't hide.

Jul 19, 2007 6:41 pm

[quote=the word]

[quote=Ferris Bueller]sure thing Nancy.[/quote]

Thanks coarksucker!

[/quote]

Your income isn't even 6 figures yet.  Why would anyone here listen to ANYTHING you have to say?

Jul 19, 2007 7:02 pm

Ferris,

At upwards of 4 posts a day (counting weekends), I doubt you can make your Roth contibution.

Jul 19, 2007 7:03 pm

the word is not Nancy…primary is the new reincarnation of that dumb bitch

Jul 19, 2007 7:06 pm

[quote=BankFC]

Ferris,

At upwards of 4 posts a day (counting weekends), I doubt you can make your Roth contibution.

[/quote]

You're confusing me with someone who cares what you think, bankloser.

Jul 19, 2007 8:19 pm

[quote=Ferris Bueller][quote=the word]

[quote=Ferris Bueller]sure thing Nancy.[/quote]

Thanks coarksucker!

[/quote]

Your income isn't even 6 figures yet.  Why would anyone here listen to ANYTHING you have to say?

[/quote]

Oh really!  I guess your 8-ball must have a crack in it.

Jul 20, 2007 2:51 pm

[quote=the word][quote=Ferris Bueller][quote=the word]

[quote=Ferris Bueller]sure thing Nancy.[/quote]

Thanks coarksucker!

[/quote]

Your income isn't even 6 figures yet.  Why would anyone here listen to ANYTHING you have to say?

[/quote]

Oh really!  I guess your 8-ball must have a crack in it.

[/quote]

My 8-ball is working great.  It tells me that you lied about working Fridays.

Jul 20, 2007 5:54 pm

[quote=Ferris Bueller][quote=the word][quote=Ferris Bueller][quote=the word]

[quote=Ferris Bueller]sure thing Nancy.[/quote]

Thanks coarksucker!

[/quote]

Your income isn't even 6 figures yet.  Why would anyone here listen to ANYTHING you have to say?

[/quote]

Oh really!  I guess your 8-ball must have a crack in it.

[/quote]

My 8-ball is working great.  It tells me that you lied about working Fridays.

[/quote]

the word is a liar? i wonder what else she's lied about?