Jeff Rogo
speaker
233 appearances
3 recordings
1 series
first heard Oct 2018
last heard Mar 2023
Jeff Rogo’s voice in public audio — every appearance, attributed to the second.
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Appearances
Now evaluate your counterparty.
Do I feel most comfortable with the firm that has my 401k or 403b?
Do I feel most comfortable with the firm I have a banking relationship with, whether that's TD Ameritrade or Bank of America or whoever else?
These firms also offer brokerage accounts.
One step beyond that for guidance is, do I have a larger portfolio and I now need to think about long-term tax-inventive strategies?
And that's sort of two guides.
You can either do the sort of robo route, which is a Betterment or Wealthfront, where even Fidelity and Vanguard offer these products, or do I need a financial advisor?
And you sort of have to figure out which of these lanes you're in, but you sort of can't figure out which lane to take until you know which road you're on.
Yeah, it's a great point, JR.
So in Florida, you have this situation where you have a lot of catastrophe bonds.
Catastrophe bonds are used by insurance companies to pool the risk of a disaster.
So if a disaster hits, an insurance company is on the hook to pay for that disaster.
They've pushed some of that risk off into a catastrophe bond, which is purchased by a pension fund, by an endowment.
And they pay into this cat bond.
And if there's a big catastrophe and it goes to a certain level of payouts, they've got to put a bunch of money in.
And so if this causes $20 and $25 billion worth of damage, that could mean these investors are on the hook to put money into this and their returns will be lower as a result.
Yeah, absolutely.
I mean, we've had rates since the financial crisis, global interest rates have been near zero around the world.
Catastrophe bonds can pay out 5%, 6%, 7%.
Now, you lose a lot of that return if there's a disaster, and so that's the risk you're running as a pensioner or an endowment.
Showing 181–200 of 233 · page 10 of 12
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