Russell Wayne

CFP®
Personal Finance, Retirement, Investing
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“With more than four decades of experience as a personal financial adviser, investment manager, and investment analyst, Russell Wayne is committed to helping his clients enjoy their lives while he takes charge of their financial concerns.”
Firm:

Sound Asset Management Inc.

Job Title:

Principal

Biography:

Russell Wayne is a Certified Financial Planner and President and Chief Investment Officer of Sound Asset Management, Inc., an independent financial advisor based in Weston, Connecticut primarily serving clients in the greater New York tristate region and throughout New England.

Russell began his career with Arnold Bernhard & Co., Inc., the parent company of Value Line, Inc. Positions he held while associated with Value Line included Managing Editor, The Value Line Investment Survey; Portfolio Adviser, The Value Line Mutual Funds; Executive Editor, The Value Line OTC Special Situations Service; Business Manager, Value Line, Inc.; Portfolio Manager, Value Line Asset Management; and Director of Investment Software, Value Line Software.

From 1991 to 1995, Russell was Vice-President and Chief Investment Officer with Heine Management Group. He was also Vice-President and Secretary of the LMH Fund, Ltd. Clients for whom he has managed portfolios include Xerox, Texas Utilities, National Maritime Union, and United Cerebral Palsy Association.

Russell has been a featured guest on television, including CNN and the Bloomberg Network. He has been quoted in leading business periodicals, including The Wall Street Journal, Barron's, BusinessWeek, The Wall Street Transcript, The New York Times, and Investment News,MSNBC, and Yahoo! Finance.

Russell earned his B.A. and M.B.A. at Hofstra University. He earned his Certificate in Financial Planning from Florida State University and has pursued postgraduate studies at New York University School of Law. He is listed in Who's Who In The East, Who's Who In Finance and Industry, Who's Who In America, and Who's Who in the World. Russell has contributed to a number of published works. His latest book is Markets, Myths, and Memories, which was published in November, 2010. Russell is a proud member of the National Association of Personal Financial Advisors.

Education:

M.B.A. (Finance and Investments). B.A., N.Y.U. Law, Hofstra University
Certified Financial Planner, Florida State University

Assets Under Management:

$35 million

Fee Structure:

Asset-Based

CRD Number:

460451

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  • Russell Wayne
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November 2016
    Investing
December 2016
    Choosing an Advisor, Financial Planning, Personal Finance
June 2017
    ETFs, Investing, Stocks
January 2017
    Financial Planning, Investing, Stocks
March 2017
    Investing, Personal Finance, Stocks

All Answers
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    Investing, Bonds / Fixed Income, Stocks
What ratio of stocks to bonds should I invest in?
100% of people found this answer helpful

You have a very long time horizon, which suggests that you should be 100% in stocks. In the past, there has never been a 20 year period where stocks didn't outperform bonds. Your prospective time horizon is more than twice that. What's more, we've just concluded a three and a half decade rally in bonds as interest rates went from the mid teens down to almost zero. Now that interest rates are rising, the outlook for bonds is not at all encouraging. As interest rates rise, bond prices go down. Shorter maturities will be less affected, but the rates on short bonds are so low that they serve no purpose for you. At this juncture, you should avoid bonds completely.

As per your question about Betterment or Wealthfront, I'd opt for the lowest cost arrangement that allows you to select a 100% equity portfolio including a substantial percentage in emerging market holdings. Years from now, when interest rates have stabilized, you may want to revisit this asset allocation recommendation, but for now, equities only is the route for you.

November 2016
    Investing, Annuities, Asset Allocation
Should my mother invest in an annuity?
100% of people found this answer helpful
December 2016
    Bonds / Fixed Income
Why are bonds performing so poorly over the last two weeks?
100% of people found this answer helpful
November 2016
    IRAs, Retirement Plans
Besides mutual funds, what vehicle will help stabilize my funds?
100% of people found this answer helpful
November 2016
    Financial Planning, IRAs
Should I rollover my employee retirement plan?
100% of people found this answer helpful
November 2016