Dan Stewart

CFA®
Personal Finance, Retirement, Investing
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  • Dallas, TX
  • 855-732-5932
  • www.revereasset.com
“With over 20 years of experience in the financial services industry, Daniel Stewart helps his clients achieve their investment goals by providing actionable, non-biased research and advisory services.”
Firm:

Revere Asset Management

Job Title:

President & CIO

Biography:

Daniel Stewart is President & CIO of Revere Asset Management and has been providing financial services and portfolio management for over twenty years.  Revere Asset is a Fee Based RIA which Always Acts as a Fiduciary in the Best Interest of its Clients.  Prior to joining Revere Asset Management, Dan advised on investment portfolios exceeding $200M. He is also well versed in comprehensive planning including corporate, individual, and estate planning.

Dan joined the NorAm Capital team in 2010 to create and manage their Private Wealth Management firm. This eventually led Dan to buy the business and rename it Revere Asset Management. He graduated from The University of Texas with concentrations in Finance and Accounting. Dan has passed the CPA Examination on the first attempt and subsequently earned his CFA® Charter (Chartered Financial Analyst).

Dan, a native of San Antonio, Texas, is married with 3 children. Dan played NCAA tennis on a full scholarship at Vanderbilt University. He played professional tennis on the United States and European circuit and was then the Head Tennis Professional at both the Retama Polo & Tennis Club and Thousand Oaks Indoor/Outdoor Racquet Club, in San Antonio, Texas.  

Education:

Chartered Financial Analyst (CFA®), BBA in Accounting

Assets Under Management:

$30 million

Fee Structure:

Fee Based Only - Fiduciary with No Conflicts of Interest

CRD Number:

2649504

Insurance License:

#Yes Term-No Annuity

Disclaimer:

No information presented constitutes a recommendation by Revere Asset Management, to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities by Revere Asset Management. Revere Asset Management does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

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    Mutual Funds
Are mutual funds safe?
100% of people found this answer helpful

I am going to be very direct and to the point, and this will be against most of what you hear.

This would all depend upon your level of spending, level of market knowledge, and future desires in retirement, etc...  But the good news is that you have saved and done well. With your duel pensions and social security, you will never go hungry.

I would say that at retirement, owning stocks and bonds via Exchange Traded Funds (ETFs) is much more efficient than mutual funds. They have lower fees, are more tax efficient, and are more flexible. But either way, with both the stock and bond markets at these levels, I do believe you need some type of sell discipline in place so you have brakes and steering in case of a market meltdown. I am not talking about day trading or swing trading or anything short term like that. I am talking about a few fairly simple midterm indicators to tell you hen the risks in the markets are heightened and it’s time to be defensive. If the indicators are triggered, you methodically take some cash off of the table. Will you get a few false signals? Sure. But when we do get a big correction, you can put the money you took off the table back to work at lower prices. At your stage in life, you don't need to match the S&P, you just need to get decent returns with some safety.

I do not believe in the indexed annuities. Or even fixed annuities at these low interest rates. But you will get all types of advisors telling you that you need “guaranteed income for life” to make sure you will be ok, especially after you noted you have $500K to invest. You already have income for life with your pensions and social security.

And with artificially low interest rates, nothing is truly "safe" or "guaranteed" that pays enough interest to be worth anything. You need to look at your investment dilemma in terms of purchasing power, not absolute dollars. If you have too much in fixed income, you are subject to inflation risk.

An annuity means that you give up a lump sum of money, say $300K, for a future income stream. Say you give away $300K, but now get maybe $1,500 (?) for life. And if we have higher inflation, this will seem like less and less over the years.

You have done well and saved, and therefore are not lazy. In my opinion, you will not just sit on the couch and eat Lays potato chips wasting the day. What you need is knowledge, not products. You can learn and educate yourself enough to select a few broad indexed ETFs or mutual funds, and then a few funds in the strong sectors, and even 6-8 of the best stocks on the planet with the best long term outlook, or hire someone to do it for you for a fee.

I have probably said enough and upset a few people, but those were my earnest thoughts. Best of luck.

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