Text extracted via OCR from the original document. May contain errors from the scanning process.
To:
Randy Wri ht
From:
Sent:
un
3 7:28:44 PM
Perhaps you can forward for me?
I sent toe!
Sent from my iPhone
On Jun 30, 2013, at 2:37 PM, "Randy Wright"
wrote:
Will you take 30 minutes to review my cash allocation planning and give
me your OBSERVATIONS and SUGGESTIONS? Sold some THOR (at
market top) last year and am sitting on $480K cash... more than we
need... maybe?
I have already sent $50K to WAX.
Here are my thoughts which are repeated on the COMPARISONS chart.
I. Thinking we are having a little dip in the market making now a
good time to allocate excess cash
2. We are running $50-75K positive cash flow annually... That is,
spending that much less than we take in.
3. Even with the recent market dip (6/30/13) our net worth is $312K
more than 1 year ago.
4. Yes, I agree with Chuck Evans we could be $30-40K ahead if we
had placed funds with him 1/1/13. Chuck is our major, long term
broker. Most of the RBC decisions are made by him. He likes equity
mutual funds, all long, no bonds, nothing unusual
5. I have analyzed past performance of various investment accounts
using Quicken IRR calculation that give relative performance.
INVESTMENT ACCOUNT COMPARISONS Shows this analysis for
various times from 10 years to YTD 5/31. It also shows current
account balance and cash allocation column. The cash allocation is
my big question.
6. Each result is calculation of IRR from Quicken.
7. Note analysis with and without biggest gain/winning stock: THOR
and HMG for RBC and WAX.
8. The big IRR numbers for WAX are influenced by the short time
period.
9. PORTFOLIO VALUE shows what is in the various investment
accounts.
10. Cash is cash on hand to allocate for investment. Shown in
K$
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1 1. Do we want to have a $200K reserve for possible purchase of
condo in Winter Park, or cross that bridge when we come to it within
the next year?
12. Bob Epstein, Merrill Lynch has been hustling us and providing
numerous educational seminars. Considering him for hedge fund
approach with his advice on best approach. Considering Blackstone
Alternative Alpha Fund (BAAF a fund of 17 funds) This is a new fund
managed by Blackstone's existing team. Info about performance of
existing funds is BLACKSONE. Or, I mentioned to you earlier
another fund that Bob presented and am now trying to retrieve the
information
13. Real estate values 12/31/12 at long-term low... Recovering in
2013 but subject to annual accounting based on tax office value
which is close to market. Tax office value shown.
14. BOTTOM LINE, WHAT ARE YOUR OBSERVATIONS ABOUT
CASH ALLOCATION?
Thanks for any time you might be able to spend on this.
:-)
<irnagc002.gic>Randy
The Wright Solution
Randy Wright, PE,
3109 Deep Valley Trail, Plano, TX 75075
<130630 BLACKSTONE Datc.pdf>
<130531 Portfolio Value Report Selected Accountst.pdf5
<InvcstmentAccountComparisons 1306.pdf>
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