What's Your Mix?
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..........
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.
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.
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.
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!
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.
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.
60% MF’s, 25% Wrap, 10% VA 5% other
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.
My mix? 75% say “yes” and 25% say “no.”
[quote=Bobby Hull]My mix? 75% say "yes" and 25% say "no." [/quote]
Women or prospective clients??
40% VAs, 35%Funds, 5% Stocks, and 20% REITS
[quote=the word]40% VAs, 35%Funds, 5% Stocks, and 20% REITS[/quote]
20% REITs? You've got a stronger stomach than me...........
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=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?
Approx 14M
[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.
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.
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=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.
[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...
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=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??
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.
[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"
[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?
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=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.
Nothing like guaranteed underperformance to show your value, isn't that right ALLREIT?
[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=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=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.
"Banks and used car lots are where brokers go who can't prospect"
Hey that's an insult... to used car salesmen!
[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]
[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.
sure thing Nancy.
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.
[quote=Ferris Bueller]sure thing Nancy.[/quote]
Thanks coarksucker!
Damn, I really messed that up!
[quote=the word]
Damn, I really messed that up!
[/quote]
You can run, but you can't hide.
[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?
Ferris,
At upwards of 4 posts a day (counting weekends), I doubt you can make your Roth contibution.
the word is not Nancy…primary is the new reincarnation of that dumb bitch
[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.
[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=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=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?
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