In the News

“I’m always amazed how many people forget that ordinary stocks are an inflation hedge over the long-term. Spikes in inflation and interest rates can certainly harm stock returns in the short run, and many investors in the 70s remember this well. But stock shares represent a real and productive asset. If prices rise, so too should revenue.”
November 11, 2021
“Startups are understood to be unprofitable by most accounting standards because they’re reinvesting back into their business,” says Asher Rogovy, chief investment officer at Magnifina.
September 14, 2021
Beware of double fees. “Because ETFs and mutual funds charge their own management fees, these clients are essentially paying two different advisors,” said Rogovy. “Funds charge fees on the backend, so investors might not realize they’re paying these fees.”
September 7, 2021
“Derivatives aren’t for beginner or casual investors. Because they are essentially bets, Wall Street does a very good job of making sure they are accurately priced,” notes Rogovy.
July 23, 2021
“It’s in the interest of both parties that the value of the securities remains stable so the lender doesn’t have to liquidate them,” says Rogovy.
July 20, 2021
“These posts are filled with disinformation, propaganda, and nonsense. Many posters explicitly say to ignore market data contrary to their thesis,” says Rogovy.
June 29, 2021
“Ideally, an investment portfolio generates predictable income for retirement, but it’s not strictly necessary. Instead, active investors could sell profitable assets to fund retirement expenses. But this requires discipline and most retirees would rather just relax.”
June 18, 2021
“AMC and other movie theaters, such as Cinemark Holdings and IMAX Corporation, will have to innovate in order to justify higher stock valuations.”
June 11, 2021
“Fraudsters may be emboldened to make false claims on anonymous internet forums,” Rogovy said. “I never fully trust any information that doesn’t come with a face and a name.”
April 21, 2021
Asher Rogovy is the Chief Investment Officer at Magnifina, LLC, a New York-based investment advisor that takes a long-term view with their client’s portfolios. He explains rising inflation and equity price risk this way, “Inflation is when prices rise, and this includes asset prices. Over the long-term stock prices rise along with inflation, as do other investment assets. The key here is long-term, because inflation may cause short-term volatility in stock prices. Stock prices are sensitive to interest rates, which are affected by inflation expectations.” Rogovy further explains that this isn’t the 1970s economy, ”Anyone investing during the 1970s remembers the damage caused by the oil crisis. In this case, persistent inflation held stock prices down for a long time. However, today’s economy is structurally different. In the 1970s, many manufacturing stocks were hurt as the cost of energy rose which cut profit margins. Today’s service-based stocks are less sensitive to input prices.”
March 16, 2021
Says Rogovy, “In the US, the central bank does not pay debt with the money it creates. Rather, it lends money at its targeted interest rate and the private sector employs that capital more productively. The money created is paid back, which is a crucial reason this monetary policy doesn’t produce hyperinflation.”
March 3, 2021
“Much of the market analysis seen on WallStreetBets continues to rely on misinformation or disinformation and stale data,” says Rogovy, chief investment officer of New York City-based Magnifina.
February 22, 2021
According to Asher Rogovy, chief investment officer for investment management firm Magnifina: “There’s evidence to me that there were institutional traders on the buy-side of this posing as small investors on Internet forums.” Read full article
February 8, 2021
“CDs are a single step up from savings accounts in terms of both risk and reward,” he says. “The increased risk is because a CD must be held to its maturity, whereas savings accounts allow withdrawals at any time.”
January 15, 2021
Determining the tax rates that apply to those investments is a function of how long you have owned them. “For federal tax, the difference between short-term and long-term gains is whether the asset has been held for over one year continuously. The federal long-term capital gains tax is significantly lower than the short-term rate for most investors,” says Asher Rogovy, chief investment officer at Magnifina LLC, a New York-based investment advisory. For example, long-term capital gains are taxed at no more than 15%, while short-term capital gains are taxed at the rate you pay on your tax return—which can be significantly higher than 15%, depending on how much you earn. “Because the long-term rate is lower, investors who have held a profit for 11 months may consider waiting another month before realizing the profit,” Rogovy says.
January 8, 2021
More generally, Asher Rogovy, chief investment officer at Magnifina, suggests that it’s best to avoid nominal assets in favor of real assets when inflation’s on the upswing. Real assets, like stocks and real estate, have prices that fluctuate or vary freely. Nominal assets, like CDs and traditional bonds, are priced based on the fixed interest they pay and will lose value in inflationary times.
January 7, 2021
“Moderna’s role in fighting the pandemic provided some significant benefits,” said Asher Rogovy, who is the Chief Investment Officer at Magnifina, LLC. “Operation Warp Speed provided Moderna with $1.53 billion to help its R&D and production capacity. The new supply chain will be reusable after the pandemic and Moderna should be able to produce new therapies at scale much quicker.”
December 31, 2020
“Small-cap stocks can have significant growth potential and often remain undervalued by the market,” says Asher Rogovy, chief investment officer at Magnifina, a portfolio management firm.
December 23, 2020
A list of the best bond index funds would be incomplete without a nod to the tax-exempt offerings. Recommended by Asher Rogovy, chief investment officer at Magnifina, VTEAX is a stalwart in this sector. (N.B. this suggestion does not constitute investment advice)
December 15, 2020
“Everyone is working to measure a company’s true market value,” Asher Rogovy, Chief Investment Officer at Magnifina, says. “Whoever understands the true value can profit by trading mispriced stocks. Market capitalization represents how investors, on average, estimate true market value. It’s one indicator of market value and a great starting point for analysis.”
November 30, 2020