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2019 Presentation Information

For Earlier Presentations Go To:

Archives


Saturday, Mar 9th, 2019 MorningStar Presentations on
“How Does the Bucket Strategy Work in Practice?" &
"Morningstar's Best Ideas for 2019 and Beyond"

How Does the Bucket Strategy Work in Practice?

The bucket strategy for retirement portfolio planning involves building your portfolio based on your expected withdrawals from it. The overarching goal is to build enough of a bulwark in safe securities at the front end of your portfolio to ensure that you never have to spend from any asset when it’s in a trough. But implementation questions abound. How much can you withdraw each year, and where should you withdraw it from? How do you maintain a bucket system on an ongoing basis, and what happens if your portfolio consists of multiple silos—traditional, taxable and Roth? Morningstar’s Christine Benz talks about bucket portfolios, the benefits they offer and the challenges they pose.

You Will Learn:

  1. How the bucket approach can help retirees source their needed in-retirement cash flows
  2. How to implement a bucket regimen in practice, including tax considerations, bucket “maintenance” and withdrawal-rate sustainability
  3. How a basic bucket portfolio would have performed since 2000



Morningstar's Best Ideas for 2019 and Beyond

Christine Benz will discuss Morningstar's philosophy for evaluating stocks, mutual funds and exchange-traded funds (ETFs). She'll then share the firm's current assessment of the equity market based on its bottom-up research. Which sectors, investment styles and geographies look the most attractive, and which are the most overvalued? She'll then discuss how those themes translate into specific stock, mutual fund and ETF picks. Finally, Benz will share some of her best ideas for personal finance, including tax and retirement planning.

You Will Learn:

  1. Morningstar’s criteria and systems for rating stocks, mutual funds and ETFs
  2. Which parts of the equity market are attractively valued and overvalued, based on Morningstar’s bottom-up research
  3. Morningstar’s best ideas for fixed income, tax planning and protection from inflation



Discussed by:
Christine Benz , Director of Personal Finance, Morningstar, Inc.



Christine, Benz is director of personal finance for Morningstar and senior columnist for Morningstar.com. She is author of “30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances” (Wiley, 2010). Benz is also co-author of “Morningstar Guide to Mutual Funds: 5-Star Strategies for Success,” a national bestseller published in 2003, and author of the book’s second edition, which was published in 2005. Before assuming her current role in 2008, Benz also served as Morningstar’s director of mutual fund analysis. She has served as editor of several of Morningstar’s publications over the years, including PracticalFinance, Morningstar Mutual Funds and Morningstar FundInvestor. She has worked as an analyst and editor at Morningstar since 1993.


Meeting Details:

  • Date:
    • Saturday, Mar 9th, 2019
  • Location:
    • Shoup Park Garden House
    • 400 University Avenue
    • Los Altos, CA 94022
8:30 A.M. Registration / Social / Book Swap
  • 8:30 A.M : Chapter announcements
  • 9:00 A.M : Presentation Starts
  • 10:15 A.M : Break
  • 10:30 A.M : Presentation Resumes
  • 11:30 A.M : Q&A

  • FEES: New Reduced Fees
    • In Advance, Postmarked by Mar 4th, 2019: $15/person
    • Online by Mar 7th, 2019: $15/person
    • At the Door (space permitting): $20/person
    • Persons under 25 (with ID), Free

    Non-Members Are Welcome
    No Refunds

  • Downloads and Links



    Saturday, Feb 9th, 2019 Presentations on “REITs in Depth”

    Real estate investment trusts (REITs) have consistently outperformed many more widely known investments. Over the past 15-year period, for example, REITs returned an average of 11% per year, better than all other asset classes. Since 2009, REITs have enjoyed positive returns; large-cap stocks and cash are the only other classes that paralleled that record. Even in 2015, a “year of fear” related to rising rates, REITs returned 2.4%, beating most all other asset classes. Prepare yourself, and your portfolio, to benefit from the demand for REITs that will follow the creation of a real estate global industry classification standard (GICS) sector. Brad Thomas will give his presentation in two parts.

    You Will Learn:

    1. Why income investors should consider and own real estate investment trusts (REITs)
    2. The tax-deferral advantages of many REITs
    3. How to analyze REITs for dividend sustainability

    Discussed by:
    Brad Thomas , Editor, Forbes Real Estate Investor; Senior Research Analyst, iREIT Investor



    Brad, Thomas is a prolific Seeking Alpha author and the editor of Forbes Real Estate Investor, a subscription-based newsletter, and the senior real estate investment trust (REIT) analyst at iREIT Investor. Thomas is the highest-ranking analyst (based on page views) for Seeking Alpha (with over 40,000 followers) and Forbes.com. Thomas is the author of two books, including “The Intelligent REIT Investor: How to Build Wealth with Real Estate Investment Trusts” (Wiley, 2016).


    Meeting Details:

    • Date:
    • Saturday, Fen 9th, 2019
    • Location:
    • Shoup Park Garden House
    • 400 University Avenue
    • Los Altos, CA 94022
    8:30 A.M. Registration / Social / Book Swap
    • 8:30 A.M : Chapter announcements
    • 9:00 A.M : Presentation Starts
    • 10:15 A.M : Break
    • 10:30 A.M : Presentation Resumes
    • 11:30 A.M : Q&A

    • FEES: New Reduced Fees
      In Advance, Postmarked by Feb 4th, 2019: $15/person
      Online by Feb 7th, 2019: $15/person
      At the Door (space permitting): $20/person
      Persons under 25 (with ID), Free
      Non-Members Are Welcome
      No Refunds

    Downloads and Links



    Saturday, Jan 12th, 2019 Presentations on 1) Where Do We Go From Here? , 2) Market Update and San Francisco Federal Reserve

    1. Where Do We Go From Here?

    Al Zmyslowski and Bill Jump will be joined by members of the Silicon Valley board and present the key takeaways from the recent 2018 AAII Investor Conference and provide a market review as we enter 2019. Their presentation will be followed by a Q&A session.

    You Will Learn:

    1. Highlights from the 2018 AAII Investor Conference
    2. An update on the markets looking into 2019
    3. With a panel discussion: quiz your board members

    Discussed by:
    Al Zmyslowski , Computerized Investing Chair, AAII Silicon Valley Chapter



    Al, Zmyslowski is an individual investor, a long-time member of AAII and leader of the Silicon Valley chapter’s Computerized Investing group. Zmyslowski is particularly interested in using computerized investing systems that result in good performance, infrequent trading and a low expenditure of time.


    2. Market Update and San Francisco Federal Reserve

    Liz Laderman’s presentation will focus on explaining the “dual mandate” goals of maximum employment and stable prices that Congress has given the Federal Reserve for monetary policy and reporting on where the U.S. economy is with respect to those goals and where it’s headed. She’ll look at the overall growth of the U.S. economy and the implications of the Federal Reserve Bank of San Francisco’s forecasted growth rate for unemployment and inflation. She’ll also discuss what factors are influencing the economy and the San Francisco Fed’s forecast and compare baseline growth today with growth rates seen in the past.

    You Will Learn:

    1. What the Fed’s dual mandate for monetary policy really means
    2. How the U.S. economy is doing with respect to the dual mandate goals, and where it is headed
    3. What factors underlie the San Francisco Fed’s forecasts for U.S. growth, unemployment and inflation

    Discussed by:
    Liz Laderman , Senior Outreach Economist, Economic Education and Outreach Department, Federal Reserve Bank of San Francisco



    Liz, Laderman is a senior outreach economist in the Economic Education and Outreach Department of the Federal Reserve Bank of San Francisco. She speaks to outreach audiences on current economic conditions, the economic outlook and monetary policy.
    Laderman also does research on household finance, small and new business finance and small and new business formation and employment. She has published over 50 research papers and articles.
    Laderman has a B.A. in mathematics from Grinnell College and a Ph.D. in economics from the University of California at Berkeley.


    Meeting Details:

    • Date:
    • Saturday, Jan 12th, 2019
    • Location:
    • Shoup Park Garden House
    • 400 University Avenue
    • Los Altos, CA 94022
    8:30 A.M. Registration / Social / Book Swap
    • 8:30 A.M : Chapter announcements
    • 9:00 A.M : Presentation Starts
    • 10:15 A.M : Break
    • 10:30 A.M : Presentation Resumes
    • 11:30 A.M : Q&A

    • FEES: New Reduced Fees
      In Advance, Postmarked by Jan 7th, 2019: $15/person
      Online by Jan 10th, 2019: $15/person
      At the Door (space permitting): $20/person
      Persons under 25 (with ID), Free
      Non-Members Are Welcome
      No Refunds

    Downloads and Links