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2019 Presentation Information

For Earlier Presentations Go To:

Archives


Saturday, Mar 14th, 2020 Presentations on
“1) How To Avoid Fixed Income Deterioration" &
"2) Factor Investing is Simple, but Not Easy"

1) How To Avoid Fixed Income Deterioration

Fixed income investors, whether retired or not, have mutated the rules. Some say that dividend paying stocks are now the new bond surrogate. Untrue. There are work-arounds in Bondland that Marilyn will share in plain English. Plus she will discuss the perils and pitfalls many investors are now reading about such as cyberattacks on municipalities, sale of water and sewer systems to plug unfunded pension gaps, and others.

You Will Learn:

  1. What and where the sink-holes are in Bondland
  2. How to circumvent them
  3. Actionable recommendations of specific bonds



Discussed by:
Marilyn Cohen ,Founder and CEO, Envision Capital Management , Los Angeles CA



Marilyn Cohen,,is one of the country’s top bond managers. She began her financial career as a securities analyst at William O’Neil & Co. She later moved into bond brokerage at Cantor Fitzgerald Inc. She founded Envision Capital Management, where she is CEO, 24 years ago. Her company specializes in managing bond portfolios for individuals. Cohen writes the bond column appearing in Forbes magazine and has authored five books that teach individuals how to profitably invest in bonds. Cohen is a popular guest on CNBC, FOX Business News, PBS and each of the major broadcast networks.


2) Factor Investing is Simple, but Not Easy

"Factor investing is simple, but not easy" is a presentation on the foundations of factor investing. Attendees will learn what factor investing is, why factor investing works, and how portfolio construction affects factor investing portfolios. Attendees will walk away with a basic understanding of the costs and benefits of factor investing.

You Will Learn:

  1. How to describe factor investing.
  2. Understand why factor investing works.
  3. Understand how portfolio construction affects factor investing portfolios.



Discussed by:
Wesley R. Gray , Ph.D. , CEO and CIO, Alpha Architect LLC , Philadelphia PA



After serving as a captain in the U.S. Marine Corps, Wesley Gray received a Ph.D. from the University of Chicago, then was a finance professor at Drexel University. Gray’s interest in entrepreneurship and behavioral finance led him to found Alpha Architect, a manager of exchange-traded-funds. Gray has published four books: “Embedded: A Marine Corps Adviser Inside the Iraqi Army” (Naval Institute Press, 2009), “Quantitative Value: A Practitioner’s Guide to Automating Intelligent Investment” (Wiley, 2012) and “DIY Financial Advisor: A Simple Solution to Build and Protect Your Wealth” (Wiley, 2015).


Meeting Details:

  • Date:
    • Saturday, Mar 14th, 2020
  • 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
  • 11:45 A.M : Q&A

  • FEES:
    • In Advance, Postmarked by Mar 9th, 2020: $15/person
    • Online by Mar 12th, 2020: $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 08th, 2020 Presentations on
    “High Income in Turbulent Times" &
    "A Tactical Strategy for Emerging Markets"

    1) High Income in Turbulent Times

    Marvin Appel will present several strategies for earning investment income, potentially 5% to 6% or more, with risk management even in the face of economic uncertainty and low interest rates. Strategies discussed will include trading corporate high yield and floating rate bond funds, selecting preferred stocks and covered call writing. In addition, Appel will provide his 2020 stock and bond market outlook.

    You Will Learn:

    1. How to benefit from 5% yields in corporate high-yield bond mutual funds while managing risk, even while there is a danger of recession
    2. About preferred stocks yielding more than 6%
    3. How to identify when market conditions are especially favorable for covered call writing



    2) A Tactical Strategy for Emerging Markets

    Emerging markets stocks have rewarded investors with very handsome returns in the past. However, they have significantly lagged the S&P 500 index for the past nine years and, in fact, over the past 12 years have returned less than 1% per year on average while losing almost 60% of their value in the 2007–2008 bear market. Since nothing in investing is permanent, the question is when the next opportunity in emerging markets will present itself. Appel will present a simple trend-following strategy that can be used to recognize potential opportunities in emerging markets while remaining out of that part of the market when trends are unfavorable.

    You Will Learn:

    1. How to recognize opportune times to invest in emerging markets and when U.S. equities are potentially the better bet
    2. Why emerging markets appear to offer a long-term attractive opportunity for equity investors
    3. 2020 equity market outlook



    Discussed by:
    Marvin Appel ,Ph.D., M.D.
    President, Signalert Asset Management LLC



    Marvin Appel, Ph.D., M.D., is president of Signalert Asset Management in Great Neck, New York, which manages $210 million in client assets in mutual funds, exchangetraded funds (ETFs) and individual stocks and bonds using technical analysis and active asset allocation strategies.
    Appel is editor of Systems and Forecasts, a highly regarded newsletter on technical analysis that his father, Gerald Appel, started in 1973. Appel’s books include “Higher Returns from Safe Investments: Using Bonds, Stocks and Options to Generate Lifetime Income” (Prentice-Hall,2010), and “Investing with Exchange-Traded Funds Made Easy” (FT Press, 2006).
    Appel also co-wrote “Beating the Market, Three Months at a Time” (Prentice-Hall, 2008). Appel has been featured on CNBC, CNNfn and CBS MarketWatch.


    Meeting Details:

    • Date:
      • Saturday, Feb 08th, 2020
    • 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
    • 11:45 A.M : Q&A

    • FEES:
      • In Advance, Postmarked by Feb 3rd, 2020: $15/person
      • Online by Feb 6th, 2020: $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 11th, 2020 Presentations on
    “20/20 Economic Look at 2020 and How the Stock Market Might React" &
    "China’s Economy and Entrepreneurs: An Investor’s Guide"

    1) 20/20 Economic Look at 2020 and How the Stock Market Might React

    Nicholas Atkeson will review fundamental economic drivers of the economy and their status going into 2020. He will identify simple, robust quantitative measures that indicate when risk is elevated and equity exposures should be reduced in your portfolio. The measures he will discuss can be easily followed by you at home. During bullish periods, he will review how relative strength models can be used to invest in the strongest sectors of the market. During bearish periods, he will review income opportunities.

    You Will Learn:

    1. How to reliably identify in advance an elevated risk for a sustained bear market using rules-based, simple quantitative indicators
    2. About the key fundamental economic inputs to the U.S. economy for 2020 and how they are evolving
    3. How to gather ideas about how to allocate your portfolio in the new decade



    Discussed by:
    Nicholas Atkeson ,Founding Partner, Delta Investment Management, LLC



    Nicholas Atkeson,,is a founding partner of Delta Investment Management LLC , a registered investment advisory firm based in San Francisco. Prior to founding Delta Investment Management, Atkeson was a partner and portfolio manager of Delta Force Capital LLC , a San Francisco-based hedge fund from 2006 to April 2009.

    Prior to Delta Force Capital, Atkeson was a managing director for Banc of America Securities and Susquehanna International Group LLC . He is co-author of “Win by Not Losing: A Disciplined Approach to Building and Protecting Your Wealth in the Stock Market by Managing Your Risk” (McGraw-Hill, 2013).

    Atkeson graduated from Haverford College, Phi Beta Kappa with a B.A. in economics, and from Stanford University Graduate School of Business.


    2) China’s Economy and Entrepreneurs: An Investor’s Guide

    The ongoing trade negotiations with the U.S. may be dominating headlines but global investors should not let that mask China’s strong fundamentals and longterm economic growth trends. Rising consumer wealth in the region continues to create new investment opportunities and foster a cycle of innovation among entrepreneurs. Today, China’s small companies are driving new economy industries such as automation, health care, e-commerce and education. With this in mind, many investors are looking for ways to skillfully navigate the investment landscape in China. Tiffany Hsiao will provide a framework for better understanding China’s economy and emerging investment opportunities.

    You Will Learn:

    1. The outlook for U.S.-China trade negotiations and key risks and opportunities
    2. About China’s small companies as an engine of long-term growth and innovation
    3. About expectations for China’s modern silk road initiative, “One Belt One Road”



    Discussed by:
    Tiffany Hsiao , CFA, Portfolio Manager, Matthews Asia



    TiffanyHsiao, CFA, is a portfolio manager at Matthews Asia. She manages the firm’s China Small Companies Strategy and co-manages the Asia Small Companies and Asia Innovators Strategies.

    Prior to joining the firm in 2014, Hsiao was a vice president at Goldman Sachs Investment Partners in Hong Kong and Tokyo from 2007 to 2013, responsible for Asia Pacific investments with an emphasis on equities in China.

    Previously, Hsiao spent six years at Franklin Templeton Investments, where she managed the firm’s global communications fund. Tiffany earned her M.S. in information technology from Carnegie Mellon University and received a B.A. in economics from UC Berkeley. She is fluent in Mandarin and Taiwanese, and conversational in Cantonese.


    Meeting Details:

    • Date:
      • Saturday, Jan 11th, 2020
    • 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
    • 11:45 A.M : Q&A

    • FEES:
      • In Advance, Postmarked by Jan 6th, 2020: $15/person
      • Online by Jan 9th, 2020: $15/person
      • At the Door (space permitting): $20/person
      • Persons under 25 (with ID), Free

      Non-Members Are Welcome
      No Refunds

  • Downloads and Links