David B. Molnar, CFA Joins Alger as Vice President, Analyst
David B. Molnar, CFA Joins Alger as Vice President, Analyst
New York, NY (PRWEB) September 27, 2011
Fred Alger Management, Inc. (Alger), a leading asset management firm, today announced that David B. Molnar, CFA has joined as Vice President, Analyst as part of Alger’s emerging markets team. David joins Alger’s existing emerging markets team of three investment professionals, headed by Deborah Vélez Medenica, CFA.
David has 14 years of investment experience, most recently as managing director/portfolio manager for Global Equities at PineBridge Investments and its predecessor. Prior to PineBridge, David was portfolio manager and head of East European Equity Product at Vontobel Asset Management AG in Zurich. David earned his B.A. from Haverford College, a Diploma in Economics from the London School of Economics and Political Science, and a M.A. in Law and Diplomacy from the Fletcher School of Law and Diplomacy at Tufts University. In addition, David is a CFA charterholder and a member of the CFA institute.
“David is an excellent addition to our emerging markets team,” said Dan Chung, CEO and Chief Investment Officer of Alger. “He rounds out our existing team, whose members have an average of 15 years of experience in emerging markets.”
The emerging markets team follows Alger’s proven investment philosophy of identifying companies undergoing Positive Dynamic Change and Alger’s investment process based upon proprietary, in-depth fundamental research, to enable investors to potentially benefit from the growth of emerging markets across the globe.
“Emerging markets are continuing to experience significant and rapid economic, political, and social growth,” said Dan. “We believe this growth may support corporate earnings growth, which will, in-turn, generate long-term sustainable equity performance.”
About Fred Alger Management, Inc.
Fred Alger Management, Inc. was founded in 1964 and as of June 30, 2011 managed more than $ 17 billion. Alger’s investment philosophy is focused on discovering companies undergoing Positive Dynamic Change, which we believe offer the best investment opportunities. Alger investment strategies are available to institutional investors through separate accounts and mutual funds and to retail investors through Alger mutual funds. Fred Alger & Company, Incorporated, a broker-dealer and the parent company of Fred Alger Management, Inc. offers mutual funds as well as institutional funds for defined benefit and defined contribution plans. For more information, please visit http://www.alger.com.
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Money Management: Investment Advice 101 (part 2)
www.integritymarketingseo.com Learn the Basics of Investing. How to Save, Plan, and implement Retirement Strategies to Help you along the way via Mutual Funds. Also leanr about Stocks, Bonds, and Money Market Funds. www.lifeinsuranceira401kinvestments.com www.lifeinsuranceira401kinvestments.com
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Categories: invest in mutual funds Tags: Advice, Investment, Management, Money, Part
Learn Investing Hartford Mutual Funds
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This exceptional investment chance can benefit both well seasoned and economically able investor and also the budding investor who’s still testing the waters. Simply because you can find many choices and intends to choose from, anyone in any age group or profession sufficient reason for any monthly income limit will discover one to suit their requirements and financial capabilities. Contacting your Hartford Business representative to provide you insight in to the numerous investment opportunities along with the calculation of annuals returns will help you come up with a wise choice that may ensure your future prosperity. A there’s undoubtedly no minimum quantity stated for Hartford mutual funds, you may not be excluded from your chance to become a venture capitalist whatever your earnings level might be.
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Invest in insurance & investment for child’s future
Let’s Talk Money: Suresh Sadagopan, financial planner, Ladder7 Financial Advisories and Surya Bhatia, principal director at Asset Managers rely to queries on insurance, mutual funds, children plan and much more.
Video Rating: 1 / 5
Categories: invest in mutual funds Tags: childs, Future, insurance, invest, Investment
Personal Finance Tips: Investment and Retirement Strategies (part 1)
www.integritymarketingseo.com How Money Grows, What Investment Vehicles to Use, Mutual Funds, Stocks, Credit Unions, Retirment Planning and Strategies, Financial Education www.lifeinsuranceira401kinvestments.com www.lifeinsuranceira401kinvestments.com
Video Rating: 5 / 5
Categories: invest in mutual funds Tags: Finance, Investment, Part, Personal, Retirement, Strategies, Tips
Where Should you Invest in? Money Yatra: Part 2
CNBC Awaaz programme Money Yatra (Part Two) features Harsh Roongta (CEO of www.apnapaisa.com ) Personal Finance Expert, Prakash Gaba- A committed Professional Technical Analyst and a Trader and Nishu Agarwal. The Show is about how and where to invest your hard earned money in? – Stocks, Insurance, Mutual Funds,etc
Video Rating: 5 / 5
Meet Tomas and Jose Avila, identical twins who each founded an investment club. Their members, Honduran immigrants in New York City, research companies and mutual funds, and decide where, when and whether to invest. Whether their holdings skyrocket or stutter, members of both clubs view every decision as a great lesson in investing wisely.
Video Rating: 5 / 5
what is procedure to invest in mutual funds in India?
Question by shyam: what is procedure to invest in mutual funds in India?
i live in small city in UP. As there in no financial brokerage house here i can invest only online. please tell me if it is possible to invest in mutual fund directly online. i don’t have much knowledge about investment.
Best answer:
Answer by sid
There is a site which I invest through. www.fundsindia.com
You need to register with them and fill out the application and send it across with the reqd. docs.
Once your application goes through, your account will be activated and you can buy/sell mutual funds with ease.
You can find out more by visiting this site.The best part is that these guys do not charge any commission of any sort.
What do you think? Answer below!
News to Go – How to invest in the stock market 4/14/11
How does one use their savings to earn extra income? Financial adviser Francisco Colayco gives News to Go viewers basic tips on how to decide whether to invest one’s money in the stock market, mutual funds, or in bonds.
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Top 10 Reasons Why You Should Self-Direct Your Retirement Instead Of Investing In Mutual Funds
There are thousands of so called financial advisors that tell you that you should invest in mutual funds, money market accounts, stocks, bonds and life insurance policies and diversify your retirement portfolio. This is some of the worst financial advice you can get and the general public has been duped by the large investment companies like Fidelity, Charles Schwab, and the large banks for years. These so called financial advisors that work for these big companies have very limited to no training and are not incentivized in the right ways. They make so much money off of trading fees and annual fees that you can never get ahead even if they could outpace inflation in the first place with their investments. Well you do not have to put up with this theft anymore. There are retirement vehicles and custodians out there just like the Fidelities and Charles Schwab’s that enable you to self direct your retirement into almost any investment options you want and control your own financial future instead of handing it off to one of these so called financial advisors. What is a self-directed retirement account? It’s an account just like what you would have in Fidelity or a similar company but you can invest it in pretty much whatever you want instead of being limited to what the Fidelities of the world allow you to invest in, that they make the most fees on. So you can open an IRA, 401k, Roth IRA and HSA (Health Savings Account) that you can actually make decisions with and invest with. Here are the top 10 reasons you should self direct your own retirement instead of giving it to one of these large companies that basically steal your money in fees.
(1) Self-directing your retirement account is the only way to protect your own retirement. If you do not take control of your own retirement investing and educate yourself on alternative investment options you will lose purchasing power and your retirement accounts will probably lose another 30% – 40% like we just saw with some of the major economic problems we are seeing. Massive inflation is looming so you have to invest in assets that produce a higher return.
(2) Self-directed custodians typically have fee structures that do not completely deplete your returns like the traditional IRA and retirement companies. Typically you have much smaller transaction fees, much smaller annual fees and you can find ways to cut down on fees even more as a percentage of your retirement account. You want to keep the interest and returns you make, not pay them back in fees which can significantly hinder your retirement’s growth.
(3) You can build your retirement a 1000% faster by self directing your retirement than not. If you are investing in traditional investments like mutual funds and stocks you are only going to make the long term historical average of those investments at best depending upon the economic stability of the market. The long term historical averages are close to 8% – 10%. With inflation historically at 3% – 3.5% and even higher inflation expected that is not a high enough return. By investing in alternative investment options like real estate you can make 15%+ returns on your money without even using leverage. You can even leverage real estate (get a loan for real estate) inside your own retirement account increasing your returns to 20% plus. Now that is power especially when you can do it safely with the right risk mitigation techniques in place.
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(4) By self directing your own retirement account you can actually actively control your investments. When investing the traditional way you have absolutely no control and have a significant amount of risk when investing in mutual funds and stocks. You are at the mercy of what the market does. When you self direct your own retirement you can control the assets inside your account. You can structure the investments so that no matter what the market does you are making residual cash flow inside your account so you do not have to worry about market fluctuations. You also have the power to increase the value of the assets inside our account. Also, if you buy discounted real estate inside your IRA not only can you then go sell for a huge profit but you are building your retirement account tax free.
(5) Tax free investing is one of the largest benefits of investing in a self directed IRA. Can you imagine buying a rental property worth 0,000 for ,000, renting it out for ,000 per month, having all of the income going back to your retirement account tax free and then when you go to sell the property for 0,000 the ,000 in profit is tax free also. No capital gains taxes and no taxation on the rental income. This can compound the growth of your retirement accounts at an amazing pace.
(6) Building an annuity inside your retirement account is crucial to your retirement plan. For example, if you need ,000 a month to live on during retirement and are able to make a conservative 10% on your money inside your account you need 0,000 in your retirement account in order to retire and NEVER deplete your principal. If you leverage your investments and make 15% on your money inside your retirement account you only need 0,000 in your retirement accounts. So unlike what most financial planners will tell you, you don’t need ,000,000 dollars inside your retirement account to retire. Now keep in mind if your expenses are ,000 per month, you want to be making ,500 per month passively so that you can continue to build your income and protect yourself from the loss of purchasing power due to inflation.
(7) Current tax planning and saving on current taxes is a huge advantage for self directed investments. If you invest in an IRA your current contribution limit is ,000 and ,000 for a 401k. This can bring a big tax advantage because the contribution directly decreases your taxable income dollar for dollar. If you setup a solo (k) plan or pension plan you can contribute close to 0,000 per year and reduce your taxable income by 0,000! This is unreal. You are saving ,000 per year by doing this if you are in a 35% tax bracket. Tax rates are rising because the government and states are broke so it’s even more crucial to plan for taxes. You can then go take that 0,000, invest in passive cash flow investment property right and have the income making you 15% plus on your money. With both combined you just made ,000 (,000 tax savings + ,000 interest) on your 0,000 that year. Now if that is not going to get you to your goals I don’t know what will.
(8) Self directed investing increases your education and ability to protect yourself instead of relying on someone else for your retirement. By self directing your retirement you are now taking control of your own retirement. With that comes the need for you to educate yourself on additional investment options and the risks and rewards of those options. This education is going to be key to your future financial success and stability. The more you educate yourself the more stable you will be because as economic changes happened you will be in a better position to protect yourself and adjust your retirement portfolio according to those changes.
(9) Additional investment options are needed in order to secure your future. There are so many investments that produce additional returns. You can still invest in stocks, bonds, mutual funds like traditional companies allow you to invest in but you can also invest in real estate, promissory notes secured by real estate, tax liens, businesses, syndicated and structured investments and much, much more. Your options are limitless.
(10)Your piece of mind knowing that you have been able to structure yourself to protect against economic fluctuations is HUGE. Now you can rest easy knowing that you have educated yourself correctly, have invested in vehicles that can give you higher returns, and have the power to control your own financial destiny is the best benefit you can ask for. Most people have little to no financial knowledge and that is why most people are broke. The more you educate yourself the more successful you will be.
There are many companies out there that can help you self direct your retirement account and many companies out there that can help you structure your self-directed IRA into multiple cash flow streams. Learn from those companies and push yourself to take action on your own financial future instead of relying on so called financial advisors to do it for you, but are failing at an alarming pace.
Owens Consulting Group founder Mathew Owens is a California licensed CPA and a full time real estate investor. He has completed over 100 transactions in the past three years, representing approximately million in real estate, most of which has been sold to cash flow investors. He does mulitple live educational events and online webinars. Find out more info about him and his blogs at www.ocgproperties.com
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Categories: invest in mutual funds Tags: Funds, instead, Investing, Mutual, Reasons, Retirement, SelfDirect, Should
Penn Mutual Life Insurance Company Names Kevin T. Reynolds Senior Vice President, Chief Legal Officer
Penn Mutual Life Insurance Company Names Kevin T. Reynolds Senior Vice President, Chief Legal Officer
Horsham, PA (PRWEB) September 07, 2011
The Penn Mutual Life Insurance Company, a more than 164-year-old company, is pleased to announce that Kevin T. Reynolds has been named Senior Vice President, Chief Legal Officer.
“Over the past two years, Penn Mutual has grown significantly, and we have opportunities to continue our growth in the years ahead,” said President and Chief Executive Officer, Eileen McDonnell. “Also growing is the pace of regulatory change in the insurance and securities areas, as well as an increased emphasis on corporate governance. With that in mind, we are very pleased in the decision to have Kevin Reynolds join our team.”
As a member of the executive team, Reynolds will be responsible for overseeing the legal, regulatory and compliance functions, and employment related matters for Penn Mutual/PIA, Hornor, Townsend and Kent, Inc., ICMI and Penn Series Funds. Kevin will also serve as an advisor to the company’s business areas.
Reynolds came to Penn Mutual from the Guardian Life Insurance Company of America, where he was vice president, counsel and chief compliance officer, and built a track record of field leader and producer advocacy, and a culture of compliance.
Before joining Guardian, Reynolds was an associate with Mendes & Mount in New York City, and an associate at Kelly, Rode, Kelly & Burke in Westbury, New York.
Reynolds, Kevin 2/2
A graduate of Cathedral College, Reynolds earned his Juris Doctor from St. John’s University School of Law. His industry and professional involvement includes the ACLI, LIMRA and the American Corporate Counsel Association.
He and his wife Lynn have two sons and are residents of Wall, New Jersey.
About The Penn Mutual Life Insurance Company
Since 1847, Penn Mutual has been driven by our noble purpose to create a world of possibilities. At the heart of this purpose is the belief that life insurance is the most protective, responsible and rewarding action a person can take, and is central to a sound financial plan. The company is committed to helping families unlock life’s possibilities through life insurance and annuity solutions. This is accomplished through a national network of financial professionals, who help clients make great things possible. Penn Mutual supports its field representatives with brokerage services through Hornor, Townsend & Kent, Inc., Registered Investment Advisor and wholly owned subsidiary. Member FINRA/SIPC. Visit Penn Mutual on the Internet at http://www.pennmutual.com/.
©2011 The Penn Mutual Life Insurance Company, 600 Dresher Road, Horsham, PA 19044
Contact:
Barbara Parassio
Karma
(215) 790-7813
barbara(at)karmaverse(dot)com
Keith Bratz
Penn Mutual
(215) 956-7907
bratz(dot)keith(at)pennmutual(dot)com
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