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Steven Tresnan
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Alt Blend
Return Matters: Part 2
In Part 1, we talked about TWRR (time-weighted rate of return) and MWRR (money-weighted rate of return), which are essentially used to answer the questions, “what is my return if I ignore cashflows,” or “what is my return, including the impact of cashflows,” respectively. The other return measures we’ll cover today exist to shed light on “return” from other perspectives, so that’s how I’ll break it down. This topic can get pretty complex, so we’re still going to keep this at a relatively high level. And we’ll throw in a little bit of gardening and Magnum P.I., just for...
2022-10-12
20 min
Alt Blend
Return Matters: Part 1
Doing something for the mere joy of it – for one’s self or others – is quite possibly one of the best returns on an investment of time that a person can receive.” – Laurie Buchanan, Ph.D. (author) Perhaps someday, we’ll be able to explicitly measure the joy associated with how we spend our time – and maybe that will even have implications for how we approach financial planning. After all, it would be cool if we could estimate the likelihood of joy based on the path a person pursues and incorporate that with the financial side of the picture. B...
2022-09-21
20 min
Alt Blend
Don’t Look Back…Sometimes: Part 2
If you haven’t already read or listened to Part 1 of this series, I suggest you do so before getting into the below, as some of the references could otherwise be confusing. In that edition, we talked Boston (the band, not the city), their hit Don’t Look Back, Cadillacs, fund blowups, and why it’s important not to let negative past investment experiences cloud our judgment when it comes to sound financial planning. There is an appropriate level of risk to be taken in each situation, and not taking enough risk can be detrimental to a long-term plan. Pickin...
2022-09-07
21 min
Alt Blend
Don’t Look Back…Sometimes: Part 1
“Don’t Look Back. Ooh, a new day is breakin’. It’s been too long since I felt this way.” -Boston (from the song, Don’t Look Back). Before we get into this topic, I want to thank our client, Roger P., for the inspiration, as he reminded me of this song and its background as part of an email conversation back in January. I’ve been keeping it on the back burner ever since. What has 7.0 liters, four doors, and an 8-track player? My dad’s silver 1977 Cadillac De Ville, for one. At least it did when I wa...
2022-08-24
21 min
Alt Blend
The Future is Off the (Block)Chain!
No, we aren’t still in the Crypto Dip-Toe series, and today’s topic is perhaps a good one for easing back out of the crypto world and onto other topics. In that series, we covered many facets of crypto and blockchain and why caution is warranted when interacting with those technologies and related investment opportunities. Still, I couldn’t agree more with Ms. Johnson’s general assessment. For years, I’ve been thinking about how cool it would be to have illiquid investments – commercial buildings, for example – sliced up into small pieces and owned by “the common folk.” In the blockchain...
2022-08-10
24 min
Alt Blend
Crypto Dip-Toe – Part 9: deCRYPTOlemy
“Mortal as I am, I know that I am born for a day.” -Claudius Ptolemy For those who have forgotten some of the things we learned in school, Ptolemy was a Greek “mathematician, astronomer, astrologer, geographer, and music theorist” who lived about 1900 years ago. While he covered a lot of disciplines, the common thread seems to be that he dedicated his life to pushing knowledge forward and always asking, “what comes next?” With that in mind, today we’ll wrap up this initial crypto adventure contemplating what may be on the horizon for crypto and blockchain (though, as we’ve cover...
2022-07-27
22 min
Alt Blend
Crypto Dip-Toe – Part 8: Stable on the Label (continued)
Since today’s update is just continuing a conversation from Part 7 (as I couldn’t fit it all into one edition), this may be the first time we’re not starting with a unique quote as a starting point. And, since I’m sure you have no shortage of more important things to keep in mind than my past ramblings, here’s a refresher: last time, we covered the recent/ongoing crypto crash and its similarity to tech; and then we learned about stablecoins, including those backed by fiat currencies, commodities, cryptocurrencies, and finally algorithms. I voiced my immediate concern re...
2022-07-13
21 min
Alt Blend
Crypto Dip-Toe – Part 7: Stable on the Label
Volatility is often cited as a significant challenge for cryptocurrencies – and rightly so! If crypto eventually plays a role as day-to-day money in the future (as one potential use case), it will need to be stable. Some would call the recent events in the crypto space a drawdown, and others may deem it a full-blown bloodbath. I’ll let you decide, but first, we need to understand some more crypto basics before making sense of what happened. As foreshadowed last time, today we’ll learn more about Stablecoins and how those fit into the ongoing crypto conversation. And – to Coach Wo...
2022-06-29
22 min
Alt Blend
Crypto Dip-Toe – Part 6: Into the Ether
Ether Ain’t What It Used To Be Ethereum and its cryptocurrency, Ether (ETH – or “eeth” for short), may seem like just another “crypto thing” we hear about in the news. But, if you aren’t already aware, you’ll soon learn why these could become an integral part of our digital future. Perhaps unsurprisingly, part of the use case is in digital payments/banking and money transfers – topics often surround Bitcoin. More importantly, however, Ethereum is a platform on which to develop new solutions, aka “the world’s first programmable blockchain.” As we now know from Parts 1-5 of th...
2022-06-15
24 min
Alt Blend
Crypto Dip-Toe – Part 5: Proof-of-Work
In the last edition of Alt Blend, we broadly examined the landscape of digital currencies, and the plan for this current update was to start learning about how some prominent cryptocurrencies function. Coincidentally, there have recently been some substantial challenges within crypto markets over the past couple of weeks (at the time of writing), and I think we’re only one or two editions from really being able to grasp what’s going on. Thus, if you haven’t followed the news or it’s just too confusing, stay tuned, and we’ll get to all of it by early summ...
2022-06-01
23 min
Alt Blend
Crypto Dip-Toe – Part 4: ProDigital ConCurrency (of Digital Currency)
It never hurts to have a reminder of the things that matter in life, and it’s fair to say that many people would be willing to exchange money for more time if only it were possible (I suppose it is indirectly possible, as money can improve longevity via better healthcare, nutrition, personal training, etc.). While we cannot have life without time, we certainly can have life without money; however, that doesn’t mean money isn’t important. Today’s title consists of a fun-to-say phrase I cobbled together from the pros and cons of digital currency. It loose...
2022-05-18
26 min
Alt Blend
Crypto Dip-Toe Part 3: A (Digital) Currency Caper
“Bitcoin and digital currency is just this thing that was always going to happen.” – Tyler Winklevoss The digital currency movement (including Bitcoin) is undoubtedly “a thing” that is happening, but I think the jury is still out on where it all goes. Will it: Take over the world of fiat currencies and function as the dominant form of global reserves? Find a place coexisting within our current system of centralized, country-specific money? Fizzle out? If you forced my hand, I’d choose “d” – some combination of the above that plays out in ways we’d never guess at this...
2022-05-04
27 min
Alt Blend
Crypto Dip-Toe Part 2: The Distributed Ledger & Cryptography
“I am everywhere and I am nowhere. That’s the beauty of the Internet Age.” – Ai Weiwei In part one of this series, we touched on the origins of blockchain and cryptocurrency technology, so let’s build on that today by exploring how it works. Don’t worry – the goal isn’t to be able to code the next cryptocurrency (and sorry to disappoint you, if that’s your aspiration). But, by approaching this in “bit-sized” pieces, we can better understand what is really happening behind the scenes and, hopefully, make the whole topic less daunting. Here we go! Links me...
2022-04-19
21 min
Alt Blend
Crypto Dip-Toe
“I guess you guys aren’t ready for that yet. But your kids are gonna love it.” -Marty McFly. After bringing the Enchantment Under the Sea Dance to a dead stop with a blazing rendition of “Johnny B. Goode,” today’s quote was the line Marty uttered to the awestruck crowd before leaving the stage. I’d like to think that if they make a Back to the Future reboot that begins in the year 2045, and Marty travels back in time 30 years to 2015 (instead of the original 30-year leap from 1985 to 1955), he could use the same quote after giving a...
2022-04-06
19 min
Alt Blend
Expect the Unexpected
This post is a helpful reminder that I need to consistently prioritize setting my and client expectations as an essential component of successful investing, especially for Alts. Like most investments and life itself, Alts will rarely play out as originally intended. They may be better, and they may be worse. Still, the management of each strategy involves continuous adaptation to unforeseen circumstances, which is something we must expect and accept when investing. Diversifying across a mix of strategies (even ones that may be inherently diversified) and sizing investments appropriately can help smooth out the total portfolio impact and our...
2022-03-23
17 min
Alt Blend
The Knowledge Problem?
I could’ve more predictably started this post with a quote from F.A. Hayek, well known in economics for what is concisely named “the knowledge problem,” which he lays out in his short writing, “The Use of Knowledge in Society.” But what fun is predictability? And, if it’s knowledge-problem quotes you desire, an entire chapter of this There’s No Free Lunch book is dedicated to the subject. I took more of the “roundabout” path into wealth management (via engineering rather than economics), but – from my non-economist perspective – the knowledge problem can be summarized as follows: it’s impossib...
2022-03-09
23 min
Alt Blend
Incoming! Part 4: Taxes, Fees, and (Finally) Returns!
Unless you have some type of tax-sheltering structure in place (or tax losses that can help offset income or gains), then Uncle Sam will almost always be taking a slice of your “pie” (aka investment distributions). The way in which investments are taxed varies significantly, but how does that work, exactly? Also, where do fees fit into the equation, and – to finally discuss the question that prompted this series over a month ago – why are investment returns often confusing? Listen for the answers. Links mentioned in this episode: https://altblend.com https://thebahnsengroup.com
2022-02-23
29 min
Alt Blend
Incoming! Part 3: Yield
“Money, well, get back. I’m alright, Jack, keep your hands off of my stack.” -Pink Floyd, Money Your investment portfolio may seem a bit ethereal, as it’s held electronically at a custodian under the guidance of a trusted wealth management team (hopefully TBG), helping to capitalize companies and economic activity throughout the world. But, if you’re distributing income (aka yield) from your portfolio, that can feel much closer to home, contributing directly to your local “stack” of cash (or bank account). It’s worth spending “some time” on the concept of yield because it can be co...
2022-02-09
27 min
Alt Blend
Incoming! Part 2: Income Distribution Mechanics
“Money, it’s a gas. Grab that cash with both hands and make a stash.” – Pink Floyd, Money Not so fast. Yes, many people receive income from their investments into their accounts, which they can reinvest, spend, or use to “make a stash.” However, my hunch is that very few investors understand how the income distribution process works and its impact on the investments themselves. While it’s not typically an issue, sometimes this lack of understanding can cause unnecessary concern. For example, in December 2021, our clients – or at least the ones who follow their accounts closely – awoke one morning...
2022-01-26
27 min
Alt Blend
Incoming! Part 1: Basics of Investment Income Generation
You’re likely already familiar with many different types of investments and distribution terms like interest, dividends, capital gains, and return of capital. But what are the similarities and differences between different types of distributions? How do distributions affect the value of an investment? What are the tax implications? THAT is what we’re going to begin talking about today: how different investment options generate income and how that income is distributed to investors. Links mentioned in this episode: https://altblend.com https://thebahnsengroup.com
2022-01-12
19 min
Alt Blend
The 2021 Indextravaganza!
Over the past two weeks, I’ve realized that the first anniversary of Alt Blend blew right past us (it was officially October 14, 2020). So, happy anniversary-ish to us! Yes, it’s already been over a year of this mindnumbing blast of Alts goodness. Don’t worry, “meh” is the correct reaction. Moving on… As we’re about to put 2021 in the record books, today’s edition of Alt Blend is an index (loosely speaking) intended to a) archive all of the posts-to-date to help you free up some precious space in your brain for the new memories you’ll be making...
2021-12-15
14 min
Alt Blend
Edie McClurg
Even if you don’t immediately recognize the name Edie McClurg, if you’re old enough to remember the 1980s and ‘90s, then you’ll almost certainly know her the instant you see her photo. Somehow she was everywhere and nowhere for the better part of my childhood, appearing in movies like Ferris Bueller’s Day Off, Mr. Mom, Planes, Trains, and Automobiles (a Thanksgiving classic for not-quite the whole family), and sitcoms including The Hogan Family. You can also hear her voice in several well-known animated films, like The Little Mermaid and Cars (so even my young daughters have famil...
2021-12-01
20 min
Alt Blend
Inside Due Diligence
In the previous edition of alt.Blend, we discussed the due diligence process and some considerations involved in both investment due diligence (IDD) and operational due diligence (ODD). To expand on that topic, this week I am joined by Chris Hughes, Chief Operating Officer of Axonic Capital – a structured credit manager – to gain an inside perspective on ODD and the continued evolution of the due diligence process. Links mentioned in this episode: http://altblend.com http://thebahnsengroup.com
2021-11-10
30 min
Alt Blend
Dilly Dally
In a recent edition of Dividend Café, David Bahnsen revisited the premise that economics is, at its core, the study of human action. It’s easily overlooked on a day-to-day basis, but the combined diligence of individuals in a society is what drives all of the economic growth and investment opportunities we experience. With this in mind, today’s quote applies not only at a personal level but also, more importantly, to our communities and society as a whole. We can all use a reminder to be grateful for the efforts of everyone else, as – without all of our collect...
2021-11-02
26 min
Alt Blend
The Little Shorts
In The Big Short, Michael Lewis outlined the experience of a handful of investors who saw the red flags before the onset of the 2007-08 financial crisis and were determined to find ways to profit from the collapse. The meme stock phenomenon, which made for many salacious headlines earlier this year, once again brought short-selling into the limelight. The power of social media and retail-investor crowds were harnessed as a way to “stick it to the man” via a combination of Reddit and Robinhood, squeezing short-sellers out of their positions (with “the man” in this case being hedge funds trying t...
2021-10-19
25 min
Alt Blend
Meat Me in the Middle
In our recent six-part series, “A Historic Blogpost,” we covered a number of strategies across the spectrum of private equity, debt, and other holdings. While some aspects of risk/reward were alluded to throughout that series, I think it’s worth examining the risk/reward continuum of the capital structure for additional context. Much of this topic isn’t only applicable to alternative investments. Still, it’s an important one for understanding many alts strategies – and it may even provide insights for the traditional part of your portfolio. With that, let’s build ourselves a capital sandwich. Links mentione...
2021-10-06
20 min
Alt Blend
A Historic Blogpost – Part 6
Alternative investments are not perfect. As we’ve covered thus far in this series (which has only touched on a tiny sliver of the alternatives universe), there exist many alts strategies that come in various structures, and there are always tradeoffs involved. After covering some of the disadvantages in Part 5 of this series, today we’ll try and finish with some of the advantages. Links mentioned in this episode: http://altblend.com http://thebahnsengroup.com
2021-09-22
32 min
Alt Blend
A Historic Blogpost - Part 5
In the first four entries of this “historic” series, our quotes focused on perspectives and lessons regarding history. Today’s quote, however, is a shift to remind ourselves of the importance of execution and the respect we must have for execution risk within private investments (and all investments, really). That’s because today, we’ll get a taste of some execution failures and the implications for the outcome of a given strategy. Here we go. Links mentioned in this episode: http://altblend.com http://thebahnsengroup.com
2021-09-08
33 min
Alt Blend
A Historic Blog - Part 4
Today, we’re continuing through the list of alternative strategies I’ve used on behalf of clients in recent years to reflect on and learn from the experience. In this update, we’ll begin covering funds that are restricted to accredited investors and, therefore, may include less liquidity than what we’ve discussed so far in this series. Links mentioned in this episode: http://altblend.com http://thebahnsengroup.com
2021-08-25
35 min
Alt Blend
A Historic Blogpost - Part 3
We were on a mission to find various strategies with improved characteristics vs. what we expected from daily-liquid investments; that difference would come in the form of less volatility with more income/total return and risk mitigation (ways of minimizing losses if things didn’t go as originally planned). In theory, this endeavor could provide a more consistent experience for clients through market cycles (“recession resilience”) while improving cashflow and long-term returns – especially in light of the (already at that time) low-rate environment in which we found ourselves. Since not every client was a Qualified Purchaser, the goal was...
2021-08-04
31 min
Alt Blend
A Historic Blogpost - Part 2
Aligned with George Santayana’s quote from A Historic Blogpost (Part 1), today’s quote by Oscar Wilde is seemingly of the opinion that history can be misleading at best or intentionally false at worst. Perhaps a good approach – which has much broader application beyond that of history – is to employ healthy skepticism, seek multiple viewpoints (especially from those who disagree!), and try to understand a variety of data before forming a steadfast opinion. We’d be wise to keep this in mind as we continue our foray into the world of alternatives and the mission of identifying quality managers/strategies...
2021-07-21
20 min
Alt Blend
A Historic Blogpost
Alternative investments may seem like a recent phenomenon to many investors, but the concept dates back over 150 years to such endeavors as the Transcontinental Railroad (1852) and the creation of US Steel (1901). Having just celebrated the 4th of July, it’s a good time of year to reflect on the rich history and past generations that have brought us to where we are today. From an alts perspective, it’s a good opportunity to examine how these investments evolved to their current state and my personal journey of introducing such strategies into the lives of our clients. In this edition of a...
2021-07-07
23 min
Alt Blend
Nouveau Accredited
While each day we may get to decide between basic choices we’ve always had – like what to eat for lunch or what clothes to wear – sometimes our available options materially change because our legal framework evolves. There are three distinct qualifications in the US (under the SEC) that determine who can invest in what type of investment offerings: the accredited investor, the qualified client, and the qualified purchaser. I believe the idea is to protect the average person (aka retail investor) from more “risky” offerings, like private equity, venture capital, and hedge funds. And maybe the intent is good, but...
2021-06-23
28 min
Alt Blend
Special Edition: Credit Arbitrage Analyst Field Trip
In this special audio-only edition of alt.Blend, I was joined by Jeremiah Riethmiller, Chief Investment Officer (CIO) at Sarian Strategic Partners (our Hightower colleagues), and Gregg Loprete, Portfolio Manager (PM) at Water Island Capital. We touched on a few topics, including: • Broader considerations of alternatives and how they are used within portfolios • Challenges investors face in current markets, especially as it relates to traditional fixed income • An overview of merger arbitrage strategies, and, more specifically, leveraging Gregg’s experience as credit arbitrage PM to help us gain a better understanding of how it works and where it may b...
2021-06-06
38 min
Alt Blend
The Ruse: Part 2
In Part 1 of this 2-part series, we reviewed the extreme lack of consistent outperformance among domestic equity funds. In this edition, the plan is to see if the same holds true within alternative investments or if we can uncover any segments where consistent outperformance is “a thing.” Links mentioned in this episode: http://altblend.com http://thebahnsengroup.com
2021-05-19
24 min
Alt Blend
The Ruse: Part 1
The New York Times recently featured an article about an apparently common emotional reaction to the ongoing socially restricted recovery: There’s a Name for the Blah You’re Feeling: It’s Called Languishing. Languishing, I learned, is the state of existing somewhere in between living your best life and the depths of depression – or, more succinctly, “the absence of well-being.” And, rather than languishing indefinitely, there’s also evidence to suggest that this emotional middle-ground can lead to increased incidence of depression in the future. Given our coverage in the previous alt.Blend of how the status quo is u...
2021-05-05
24 min
Alt Blend
Universal Financial Truth
One doesn’t need advanced physics to understand that there are many possible courses our lives and investments may follow; the challenge is figuring out which are most likely to occur. Ultimately, the possibilities are endless, but there will only be one path with one outcome. Regardless of whether infinite parallel worlds exist, we are relegated to only one of them, and we must plan accordingly. At the same time, there is utility in contemplating a broader set of potential outcomes to help enhance risk management on multiple levels. The universal financial truth is that we can dev...
2021-04-21
19 min
Alt Blend
The Rub: Part 2
When it comes to hedge-fund blow-ups, our goal is first to avoid them altogether and then secondarily limit their impact on a portfolio if this situation unexpectedly occurs. It is not a matter of embracing normal volatility because it is not normal volatility; instead, blow-ups are one-off, unrecoverable situations that can essentially only be mitigated via portfolio construction. But we can learn valuable lessons from them, and so we forge ahead with this topic. Here we go… http://altblend.com https://thebahnsengroup.com
2021-04-08
29 min
Alt Blend
The Rub: Part 1
Having your own “stuff” can be nice. It’s a source of independence, of freedom. Eventually, we grow up, venture out from our parents’ protection, and make our own homes. Free at last. In some places, you can even dig a well and have your own water supply. And now Elon Musk can deliver you a solar roof, and you can generate your own electricity. Living off the grid: now that’s freedom! Off-the-grid living sounds excellent, but it’s also wise to build-in contingency plans, for instance: staying within a few miles of friends or family, just in case...
2021-03-25
26 min
Alt Blend
Portfolio Longevity Part 5: The B-squad Continued
In this fifth and final post in our miniseries on portfolio longevity, we’re continuing with our overview of the B-squad – various components that can play a role in the fixed income portfolio of the future. We’ll cover more of the credit spectrum and even touch on private real estate, including strategies that can and should require some degree of liquidity sacrifice for proper execution. Links mentioned in this episode: http://altblend.com http://thebahnsengroup.com
2021-03-11
34 min
Alt Blend
Longevity Part 4: Introducing the B-squad
In the previous three alt.Blend posts, we covered: Living longer coupled with a low-rate environment poses serious challenges to investors; however, similar to positively affecting life expectancy, there are things we can do to increase portfolio longevity. For a portfolio to be sustainable, ideal attributes include a growing income stream, asset-price appreciation, and reasonable volatility. There is no direct replacement for the value that US Treasuries (“the A-team”) have added to portfolios of the past, and other standard bond holdings – such as the Barclays Aggregate or High-Yield corporate bond indices – likely won’t provide the risk/return/income cha...
2021-02-24
29 min
Alt Blend
Longevity Part 3: Marky (to) Market & The UnFree Lunch
Many people have heard of the modern-day Mark Wahlberg, as he’s been an A-list celebrity for many years and was even the world’s best-paid actor in 2017. Far fewer people – especially those coming of age in the early 90s (like yours truly) – likely remember his bringing the world Good Vibrations as the leader of Marky Mark & The Funky Bunch. Although it wasn’t the type of music my supercool-hockey-playing-skateboarding friends and I actively listened to, that song certainly evokes some nostalgic feeling of that era. And I’m sure Mark Wahlberg will be happy to know that his former perso...
2021-02-08
26 min
Alt Blend
Longevity Part 2: Farewell to the A-Team
From Steve Tresnan, Private Wealth Advisor of The Bahnsen Group In part one of this topic, we discussed human longevity and how living longer – along with the quality of one’s overall health – can increase the demand on one’s retirement portfolio. I also proposed the notion that the overall health and sustainability of a retirement portfolio is an aggregate of underlying components, tax structure, monitoring/rebalancing, and the stress (volatility, income/spending needs) placed upon it. In this part, we’ll begin to identify investments to help increase portfolio longevity. With this in mind, strategies that can help t...
2021-01-26
17 min
Alt Blend
Longevity Part 1: Weight? There’s More…
What I consider to be an ideal retirement situation is where we can a) avoid depleting the corpus of one’s retirement nest egg by relying on systematic income for lifestyle needs, and b) also creating some additional growth to keep pace with inflation over time. And, just as we can monitor our weight, exercise regimen, stress levels, and diet to help increase our quality of life, there are parallel factors for allowing a portfolio to age gracefully http://thebahnsengroup.com http://altblend.com This podcast is hosted by ZenCast.fm
2021-01-12
17 min
Alt Blend
Long Time Comin
“It’s been a long, a long time coming. But I know change gonna come, oh yes it will” -Sam Cooke During this past summer, I noticed a resurgence of Sam Cooke’s “A Change is Gonna Come” on news broadcasts and in social media - and appropriately so. What a fitting ballad to capture the essence of struggle, pain, and optimism associated with the widespread protests, civil rights discussions, and, of course, the “COVID moment” our country has been enduring. Now that we’re in the midst of the release of very promising COVID-19 vaccines, however...
2020-12-14
23 min
Alt Blend
Feesibility
"Experience is a good school. But the fees are high.” -Heinrich Heine As Mr. Heine points out, experience can be expensive, whether it’s earned via the school of hard knocks or obtained by paying others for the skillsets they bring to the table. One of the first topics that people tend to inquire about when discussing alternative investments is some reference to their charging “high fees” – especially as it relates to hedge funds or private equity funds. However, it is also vital to compare various fees of investments fairly, considering what experience/skillsets we are paying for, how t...
2020-11-27
25 min
Alt Blend
Framing A Solution
“If you build it, they will come” – Field of Dreams While I don’t think any portfolio manager has been beckoned by the whispers of deceased investors to build the ultimate alternative investment fund so they could come back to life and invest in it (if you haven’t seen the movie, Field of Dreams, then this analogy is making ZERO sense right now), I do believe that selecting the “correct” structure is an essential factor in being able to successfully raise money and manage a given alt strategy; this is not in any way to imply it is the only...
2020-10-21
25 min
Alt Blend
Fund-amentals
“First master the fundamentals.” -Larry Bird It doesn’t get simpler than that. This is but the second edition of Alt Blend, and we are continuing to examine the basics, with today’s focus being on alternative investment funds. When one spends time contemplating the advent of alternative investment funds (which I have just done), it’s almost surprisingly obvious why they exist. However, it’s also a topic worth spending some time on because it will help us cover some alternative investment essentials. Imagine you and some of your long-time friends decide to all pitch-in money and buy a fe...
2020-10-14
13 min
Alt Blend
A Primer
In considering where I may help round-out an already robust content offering at The Bahnsen Group, the world of Alternative Investments seemed to be the natural fit. After all, “alternatives” – and more specifically, private investments – are an area for which I’ve developed a passion that has led me to pursue additional education and investment solutions on behalf of clients in recent years. This undertaking has been, in part, due to our industry creating more “investor-friendly” access to such strategies. This podcast may also be an outlet for alternative perspectives on traditional finance areas, but time will tell. Overall, the goal will...
2020-10-14
09 min