In the Media
Asher Rogovy, chief investment officer of Magnifina, reportedly estimates that 40% to 50% of the index's value is tied to companies riding the artificial intelligence theme.
- Article from 24/7 Wall St
- Quote by Asher Rogovy
- Published on
Asher Rogovy, chief investment officer of Magnifina, estimated that 40% to 50% of the S&P 500's market value is now concentrated in companies tied to AI, warning that the dot-com bubble featured similar levels of index concentration.
- Article from Benzinga
- Quote by Asher Rogovy
- Published on
“Traditionally, 20 to 30 individual stocks provided ample protection against company-specific risk. Today, an estimated 40% to 50% of the S&P 500’s market value sits in companies tied to a single theme: AI,” Rogovy said.
- Article from CNBC
- Quote by Asher Rogovy
- Published on
“With stock valuations near record levels, and relatively high interest rates, there’s a compelling argument to consider allocating more to bonds, not less,” says Rogovy.
- Article from MarketWatch
- Quote by Asher Rogovy
- Published on
"[The fee-only model] is based on impartial advice for a fee on assets in order to minimize conflicts of interest that arise from commissions," said Asher Rogovy, Chief Investment Officer at Magnifina, LLC. "AUM fees keep incentives aligned. Advisors are paid more when the client's portfolio grows, and less when it shrinks."
- Article from Wall Street Journal
- Quote by Asher Rogovy
- Published on
"It's less likely that someone would have excess 529 funds and a student loan balance, because it makes sense to spend funds before borrowing," Rogovy said in an email to The Independent.
- Article from The Independent
- Quote by Asher Rogovy
- Published on
"Since the rules dictate what the funds must trade and when, their market activity is very easy to predict," said Asher Rogovy, chief investment officer at Magnifina, LLC.
- Article from Newsweek
- Quote by Asher Rogovy
- Published on
“When done correctly, investment management is a holistic process that analyzes the investor's financial situation, needs, goals and even ethics,” says Asher Rogovy, chief investment officer of Magnifina, LLC
- Article from Wall Street Journal
- Quote by Asher Rogovy
- Published on
"[A 401k] match is tantamount to an instant 100% return, and it would be extremely rare to outperform this with other investments," said Rogovy.
- Article from Finance Buzz
- Quote by Asher Rogovy
- Published on
“Stock market valuations have sustained much higher valuations than the historical average. This does not mean a crash is imminent. Indeed, the market can survive many years in a state of overvaluation,” said Asher Rogovy, Chief Investment Officer at Magnifina, LLC. “Rather, today’s valuation highlights the risk of a downturn.”
- Article from Yahoo Finance
- Quote by Asher Rogovy
- Published on
"Robo-advisors offer what I call a one-size-fits-none approach," said Asher Rogovy, chief investment officer at Magnifina.
- Article from ConsumerAffairs
- Quote by Asher Rogovy
- Published on
It’s a double whammy. Large shares of portfolios are concentrated into fewer stocks, which trade at very risky valuations. Yet so many retail investors and professional advisers alike continue to choose index funds for equity exposure.
- Article from MarketWatch
- Quote by Asher Rogovy
- Published on
“Quality is a vague metric but typically includes any fundamental factor that isn’t defined as value or growth,” said Asher Rogovy, the chief investment officer of Magnifina, an SEC registered investment advisor firm.
- Article from Yahoo Finance
- Quote by Asher Rogovy
- Published on
"Every time I’ve seen a client with 12b-1 mutual funds, I’ve been able to find a lower-priced alternative with virtually identical portfolio effect,” says Rogovy.
- Article from MarketWatch
- Quote by Asher Rogovy
- Published on
“Financial adviser is not a regulated term. Look for representatives of an RIA firm for true fiduciary advice,” says Rogovy.
- Article from MarketWatch
- Quote by Asher Rogovy
- Published on
“ChatGPT is trained on data samples of published writing, so its advice is rooted in the most common ideas, not necessarily the best,” said Asher Rogovy, chief investment officer at Magnifina.
- Article from Yahoo Finance
- Quote by Asher Rogovy
- Published on
Rogovy said he’s met many investors who think that individual stock investing involves catching a meme stock or picking the next NVDA. “These are games that many investors don't want to play,” he noted.
- Article from Quartz
- Quote by Asher Rogovy
- Published on
Rogovy says he’s seen this advice appear in many articles that even predate AI. He attributes this to certain similarities between human thought and AI — that both tend to recycle what they’ve read most often.
- Article from Yahoo Finance
- Quote by Asher Rogovy
- Published on
“To achieve 15% to 25% returns, smart investors take concentrated positions in a handful of individual stocks,” Rogovy said. “Let me be clear, this approach can bring significantly more risk. Fortunately, there are plenty of investment advisors who engage in active investment management and performance-focused investing strategies.”
- Article from Yahoo Finance
- Quote by Asher Rogovy
- Published on
Still, there are risks in relying too heavily on AI trading strategies. “So many AI models are based on patterns in text and words, but investing is a numbers game," said Rogovy.
- Article from Quartz
- Quote by Asher Rogovy
- Published on