In the Media

As Asher Rogovy, CIO of Magnifina, noted, “you don’t know if the person behind the username is a smart investor, a lonely widow, a company insider or a bored teenager.”
“Buffett’s BNSF railroad purchase was surprising at the time,” said Asher Rogovy, chief investment officer at Magnifina, LLC in New York City.
“U.S. Treasurys are often thought of as a risk-free investment, but like all bonds, they are exposed to inflation risk. Theoretically, TIPS provide the same safety as Treasurys, while compensating for inflation. TIPS are therefore quite safe investments.”
“REITs are a great way to gain diversified exposure to real estate,” said Asher Rogovy, chief investing officer at Magnifina, a registered investment adviser with the Securities and Exchange Commission. “Exchange traded REITs also have the benefit of liquidity, whereas individual real estate investments might last decades.”
Asher Rogovy, chief investment officer of the advisory firm Magnifina, recommends starting with index funds. “They can hold hundreds of stocks. With so many stocks, investors can earn a typical return without worrying about a catastrophic loss from a single bad company,” he said.
Dividend stocks are still stocks, and business prospects can and do change significantly, said Asher Rogovy, chief investment officer of Magnifina in New York City. "Some companies must cut their dividend in response to economic weakness," he said. "Also, since dividend payers are stable businesses, they won't grow as quickly as others."
“When retiring on investment income alone, it is important to address all the risks,” said Asher Rogovy, chief investment officer of Magnifina, an SEC registered investment advisor firm.
“Diversification helps to avoid unpredictable risks specific to a single company,” said Asher Rogovy, chief investment officer of Magnifina, LLC. “These risks are rare but can ruin a portfolio concentrated into just a few positions.”
“It’s not as simple as simply trading a portfolio of growth stocks for dividend stocks upon reaching retirement,” [Rogovy] said. “Rather, we gradually shift the portfolio’s focus as retirement approaches.”
"If you have a long-term horizon, don't stress yourself out by looking at the number every single day," Asher Rogovy, the chief investment officer at Magnifina, said. "Over the long term, investors are more affected by compound returns than short-term volatility."
"Restaurant spending provides an early view into consumer confidence because it's one of the first expenses people cut when they're worried about finances," Rogovy said.
“Essentially, the portfolio is collateral to borrow funds for investing in excess of the portfolio's total cash value. For example, an investor may gain 150% exposure to the stock market by using margin,” says Rogovy.
“The best-known investors built their fortunes over decades with careful and deliberate research, analysis and stock selection,” Rogovy said.
"Run the numbers yourself. The financial industry struggles with data integrity, and I’ve found plenty of errors in stock screeners, financial-data services, and spreadsheet templates."
“A lot of beginner investors approach stock picking from the perspective of finding an investment that won’t lose money,” Rogovy said. “While this goal is certainly important, a better approach is to find investments that will provide the best return given the risk. Space in your portfolio is a finite resource, so it’s best not to waste it on average stocks.”
If your employer offers a 401(k) match, make sure you contribute enough to get the full match. Rogovy explained, “This is free money and is almost always more impactful than any other retirement investing decision.”
"Large institutional investors, managing billions in funds, are limited to around 10-15% of tradable stocks because of the sheer size of their portfolios. They simply can't invest in smaller companies without moving the market or taking on significant risks."
Asher Rogovy, chief investment officer of the New York City-based investment management firm, Magnifina, stresses that stock-based compensation can be extremely lucrative, but tends to create large tax liabilities.
“Most savings accounts in the U.S. are insured by the FDIC up to $250,000 per depositor, per insured bank,” Dutoit said. “Amounts beyond this limit are not protected by the insurance.”
One of the most underrated indicators is the NAAIM Exposure Index. This index represents the aggregate equity exposure for members of the National Association of Active Investment Managers (NAAIM). As active investors, NAAIM members respond dynamically to market conditions and investment fundamentals. Their collective positioning can provide insight into market sentiment and, potentially, future moves.