109: Why Modern Portfolio Theory Fails Investors with Daniel Peris
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DANIEL PERIS, Ph.D., CFA, is Senior Vice President and Senior Portfolio Manager at Federated Investors, Inc., in Pittsburgh where he oversees $20 billion dollars in equity portfolios the firm\'s dividend-oriented funds.
Before transitioning into asset management, Peris was a historian focuses on modern Russian history. He is the author of two prior books in investing, The Strategic Dividend Investor, and The Dividend Imperative, and the new book Back to Business.
During this episode, Daniel will talk about how you can bring some common sense back to your investing. He\\u2019ll speak on some old strategies that just don\\u2019t work anymore including why Modern Portfolio theory may not be the answer. Expect to learn how to achieve higher yields including tips to managing your Index funds, Mutual funds, and SMAs. Find out if you really need a financial advisor to get the most out of your investing and how to choose one properly.
Listen to the end for insight into Sam Marks and Johnny FDs percent earnings and thought on incorporating this concept into their portfolio.
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Where are we:
- Johnny FD & Sam Marks: Chiang Mai, Thailand
- Daniel Peris - Pittsburg, Pennslyvania
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Links:
- Strategicdividendinvestor.com
- Federatedinvestors.com
- ILAB 25 \\u2013 Paul Merriman: 12 Investment Decisions Guaranteed to Change Your Financial Future
- ILAB 94 \\u2013 Why We Invest, Financial Freedom, and Selecting Base Locations
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Book:
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- Time Stamps:
- 06:06 - Managing $20 billion in equity portfolios
- 07:45 - Being interested in modern portfolio theory
- 11:01 - Modern Portfolio Theory vs Efficient Market Theory
- 16:41 - \\u201cYou don\\u2019t have to believe in mean-variance optimization, Modern Portfolio Theory, to want to be a passive investor\\u201d - Daniel Peris
- 19:45 - Is the Modern Portfolio Theory failing investors?
- 20:33 - \\u201cThis idea of mean-variance optimization simply doesn\\u2019t make sense in modern investing anymore\\u201d\\xa0 -\\xa0Daniel Peris
- 25:26 - Achieving higher yield
- 33:08 - Managing your Index funds, Mutual funds, and SMAs
- 36:55 - Dividend investing and tax bracket benefits
- 38:44 - Do you need a financial advisor to get high yields?
- 48:55 - \\u201cAt the end of the day what really matters\\u2026 is trust\\u201d - Daniel Peris
- 53:29 - Mutual funds to highlight
- 56:50 - The superior open approach 50 years from now
- 01:00:52 - Cashing out your dividends & calculating earnings
Keywords:
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