CI CIS Archive - 2015

January 24, 2015

This meeting was cancelled due to uncertain weather conditions

Speaker: Robert Wasilewski
Subject: "Combining Index Investing and Dividend Stock Investing"
Details:
Warren Buffett, John Bogle, and Burton Malkiel recommend that investors, both professional and amateurs invest in low cost, well diversified, index funds. This presentation will examine why and how. Also, investing in dividend stocks will be examined using a real life portfolio. Thoughts on constructing a dividend portfolio will be examined along with ideas for dynamic management. Finally we'll look at the potential for combining the two approaches.
Attendees learned:
  • How Index investing overcomes the negative impact of emotional investing, decisively lowers the high costs of actively managed funds, and provides the broadest possible diversification.
  • The three easy steps to constructing an index portfolio, including the all-important asset allocation specification that historically has outperformed most professional investment managers.
  • How to construct a dividend stock portfolio of quality stocks that can be combined with the index approach.
  • Reasons for attending:
    Individuals have been given responsibility for managing their own retirement assets but have not been given an instruction booklet. Wall Street has taken advantage of this by offering poorly performing investment management services at high prices. This presentation will show how many people can manage their own assets to result in substantive nest egg savings.
    Bio:
    Robert Wasilewski, Founder of RW Investment Strategies is a fee only RIA. Mr. Wasilewski is a recent downsizer who has relocated to Stanardsville, Va. from Howard County, Maryland. RW Investment Strategies offers consulting, teaching and investment management services. See interview by Andrew Hallam,
    author of Millionaire Teacher.
    Mr. Wasilewski has managed assets for institutions and individuals for over 30 years. He achieved candidacy for the PhD in Economics at the University of Maryland, College Park and has taught at the University of Maryland as well as local community colleges. A unique feature of his practice is that he works with individuals managing their assets for a period of time during which he explains the process to the point where they feel comfortable taking it over. He is author of the blog Do-It-Yourself (DIY) Investor.

    February 28, 2015

    NOTE: The February 28, 2015 meeting has been postponed due to weather conditions and re-scheduled for
    April 25, 2015

    March 28, 2015

    Speaker:Robert Wasilewski
    Subject: "Combining Index Investing and Dividend Stock Investing"
    Details:
     
    Warren Buffett, John Bogle, and Burton Malkiel recommend that investors, both professional and amateurs invest in low cost, well diversified, index funds. This presentation will examine why and how. Also, investing in dividend stocks will be examined using a real life portfolio. Thoughts on constructing a dividend portfolio will be examined along with ideas for dynamic management. Finally we'll look at the potential for combining the two approaches.
     
    Attendees learned:
     
    1. How Index investing overcomes the negative impact of emotional investing, decisively lowers the high costs of actively managed funds, and provides the broadest possible diversification.
    2. The three easy steps to constructing an index portfolio, including an all-important asset allocation specification that historically has outperformed most professional investment managers.
    3. How to construct a dividend stock portfolio of quality stocks that can be combined with the index approach.
    Individuals have been given responsibility for managing their own retirement assets but have not been given an instruction booklet. Wall Street has taken advantage of this by offering poorly performing investment management services at high prices. This presentation will show how many people can manage their own assets to result in substantive nest egg savings.
     
    Bio:
     
    Robert Wasilewski, Founder of RW Investment Strategies is a fee only RIA. Mr. Wasilewski is a recent downsizer who has relocated to Stanardsville, Va. from Howard County, Maryland. RW Investment Strategies offers consulting, teaching and investment management services. See interview by Andrew Hallam, author of "Millionaire Teacher"

    Mr. Wasilewski has managed assets for institutions and individuals for over 30 years. He achieved candidacy for the PhD in Economics at the University of Maryland, College Park and has taught at the University of Maryland as well as local community colleges. A unique feature of his practice is that he works with individuals managing their assets for a period of time during which he explains the process to the point where they feel comfortable taking it over. He is author of the blog Do-It-Yourself (DIY) Investor


    April 25, 2015

    Speaker:
    Jack Vogel, Ph.D., Managing member Alpha Architect, LLC
    Subject:
    The Long-Run Outperformance of Value Investing Strategies
    Details:

    Dr. Vogel discussed the long-run outperformance of value investing strategies through the lens of behavioral finance. He described how behavioral finance, the value anomaly, how they interact, and why large pools of capital cannot exploit this opportunity.

    Further, Dr. Vogel additionally answered questions about an important paper on AAII strategies he co-authored. (This is not the main topic of the presentation, but some members might find it valuable for discussion afterwards).

    ABOUT JACK R VOGEL, PH.D.

    Jack Vogel, Ph.D., conducts research in empirical asset pricing and behavioral finance, and has collaborated with Dr. Gray on multiple projects. His dissertation investigates how behavioral biases affect the value anomaly. His academic background includes experience as an instructor and research assistant at Drexel University in both the Finance and Mathematics departments. Dr. Vogel is currently a Managing Member of Alpha Architect, LLC, an SEC-Registered Investment Advisor, where he heads the research department and serves as the Chief Financial Officer. He has a PhD in Finance and a MS in Mathematics from Drexel University, and graduated summa cum laude with a BS in Mathematics and Education from The University of Scranton.

    ABOUT ALPHA ARCHITECT

    ALPHA ARCHITECT exists to empower investors through education. The firm has three core beliefs:

    1. Systematic decision-making, not ad-hoc decision-making
    2. Empirical-based investing, not story-based investing
    3. Transparency, not black-boxes

    We are leading a revolution to deliver robust, high-conviction strategies at affordable costs. Three words describe our unique approach: Affordable. Active. Alpha. The foundation for our approach is grounded in the science of behavioral finance and can be described in two steps:

    1. We identify mispricing caused by investors' persistent behavioral bias.
    2. We design systematic algorithms that are Built to Beat Behavioral Bias.

    May 2015

    No Meeting this Month

    June 27, 2015
    Speaker: Multiple Speakers
    Subject: "A look at individual stock ideas and tools"

    Three members reviewed some of their favorite stock ideas, and tools they use for analysis. One reviewed the fundamentals of a major biopharmaceutical company, and its prospects. Another demonstrated how he uses the AAII Stock Investor Pro "Piotroski High F-Score" screen and John Buckingham's "The Prudent Speculator" newsletter for stock picking, and some recent results of these screens. Finally, using various tools from BetterInvesting, another member demonstrated some results for recent screens. This was followed by a discussion of a few requested stock tickers from other members.

    July 25, 2015

    Meeting cancelled

    August 2015

    No Meeting

    September 26, 2014
    Speaker:
    Andrew Woolridge, CIMA®, Managing Director, Convergent Wealth Advisors
    Subject:
    Portfolio Risk Management
    Overview:
    Mr. Woolridge discussed how to manage "market" related risks and fear of the unknown in an investment portfolio.
    Bio:

    Andrew Woolridge serves primarily as a senior trusted advisor in many of the Independence by ConvergentTM client relationships. With over 14 years of investment industry experience, Drew is responsible for advising and guiding clients on a broad range of wealth management needs, including portfolio design, asset allocation, and plan implementation. He also works closely with clients' external advisors to help develop and implement wealth solutions designed to make clients' lives easier.

    Prior to joining Convergent in May of 2006, Drew was the Investment Officer for CNB Bank's Trust and Asset Management Division. He was also the President/Director for CNB Investment Corporation. In addition to investment research and portfolio management, Drew worked on the development and implementation of investment strategies for client assets.

    Drew holds both a Bachelor of Science degree and a Master's of Business Administration with a concentration in Finance from The Pennsylvania State University. He holds the Certified Investment Management AnalystSM designation administered by the Investment Management Consultants AssociationSM as taught in conjunction with The Wharton School, University of Pennsylvania. He also holds the Financial Industry Regulatory Authority (FINRA) Series 65 license.

    While pursuing his graduate studies in business and finance at Penn State, Drew was one of the key participants in launching the Nittany Lion Fund, LLC. The Nittany Lion Fund is Penn State's alumni invested, student-run, ~$6.3 million investment fund. Unlike most of the nearly 200 other student-managed investment funds around the country, the Nittany Lion Fund did not come from the university's endowment. Instead, eighty four individual investors each placed between $25,000 and $500,000 under the stewardship of a select group of student fund managers.

    A native of north central Pennsylvania, Drew is an active outdoorsman. In addition to spending time in the Pennsylvania countryside, he keeps active ties with his alma mater and provides both current students and alumni with career advice, as well as being a periodic guest lecturer. Drew has also participated in mentoring/lecturing for the Big Brothers Big Sisters of Germantown, MD.

    October 24, 2015

    Speakers:
      (1) Jennifer Owen Cumming, CFP®, Vice President & Senior Investment Advisor,
    Trust and Wealth Management, Sandy Spring Trust; and
      (2) Tonya Oliver-Boston, CFP®, Vice President and Wealth Planner, Sandy Spring Trust
    Subject: "Estate Planning and Financial Planning"

    Overview:

    Representatives from Sandy Spring Trust discussed Estate Planning/Financial Planning and how those disciplines can and should impact your investment strategy. Their focus was to try to answer some of the following commonly asked questions.

    • Should I use a Will or a Revocable Living Trust?
    • How can I ease the burden on family members named as Trustees/Agents?
    • What if I do not have anyone to handle my affairs?
    • Should I name two or more children as decision makers in my documents?
    • What information should I share with my Personal Representative and Trustee?
    • Should I add my son/daughter as a co-owner to my Real Estate or Bank accounts?
    • What if I do not have anyone to handle my affairs upon my death?
    • Should I title my investments within a Revocable Living Trust?
    • Does it matter which investments are in certain account types?
    • How often should my asset allocation be reviewed?
    • What is a "Fiduciary" and does it matter for my investment accounts?
    • How can I evaluate my investment services provider(s)?
    Sandy Spring Trust was established in 1987 as the Fiduciary Division of Sandy Spring Bank and is a significant regional provider of wealth management and trust services currently managing over $1 Billion in assets in accordance with fiduciary standards.

    Bio:

    Jennifer O. Cumming CFP®, Vice President and Senior Investment Advisor
    A Senior Investment Advisor with Sandy Spring Trust, Jennifer develops, communicates and executes custom investment strategies for high net worth and ultra-high net worth clients. Jennifer has eighteen years of experience, including demonstrated expertise in individual investment analytics and model development for both a multibillion dollar pension fund, as well as individual investors. She focuses on fundamental analysis and security selection within the overall asset allocation strategy. She is a CERTIFIED FINANCIAL PLANNERTM professional, and a graduate of Georgetown University, where she received her M.A. in Art History and her Executive Certificate in Financial Planning. Jennifer is also a graduate of the University of Virginia, holding a B.S. in Commerce, concentrating in Finance and International Business. She is a member of the McIntire Ivy Society. She worked with Imagination Stage as a Member of the 2014 Children's Ball Committee and is now serving as a Co-Chair for the 2015 Children's Ball.

    Tonya Oliver-Boston CFP®, Vice President and Wealth Planner
    Tonya is responsible for providing context around your investments, banking, insurance, and estate planning needs. She is the financial planning professional evaluating your existing financial situation and providing comprehensive guidance on matters such as estate planning, business succession planning, retirement cash flow, tax effect planning, and wealth events like an inheritance or sale of a business. Tonya is a CERTIFIED FINANCIAL PLANNERTM and graduated from the University of Maryland with a B.S. in Accounting and has a Master of Business Administration from the University of Miami. Mrs. Boston relocated back to the Washington, DC area with her husband, a retired United States Army JAG Officer.

    November 2015

    No Meeting in in November

    December 2015

    No Meeting in in December