Babylon Wealth Management
Stoyan is the founder and CEO of Babylon Wealth Management, a fee-only investment management and financial planning firm, based in Walnut Creek, California. He found his firm after spending eleven years on Wall Street and a total of thirteen years in New York City.
Stoyan is a native to Bulgaria and grew up in a small town community with strong family values. At the age of 23, he moved to the United States to pursue a graduate degree in Finance at Pace University Lubin School of Business in New York City.
In 2004, Stoyan completed his MBA degree at the top of his class. Two years later, he earned the CFA designation. During his time on Wall Street, Stoyan learned the ropes of the financial industry and investing. He worked his way up through three major investment banks on Wall Street – Credit Suisse, Wells Fargo, and Deutsche Bank. He gained extensive experience in risk management, equity, and fixed income markets.
IIn 2012, he met his wife, Serena. They got married in 2015 and moved to California a few months later. In the Bay Area, Stoyan decided to start a new venture and establish his wealth management company.
Stoyan's primary objective to become a financial advisor and wealth manager was to help his family, friends, and future clients make better financial decisions and empower their finances to achieve their personal goals.
People often delay important financial decisions until it is too late. Being a wealth advisor, Stoyan helps families and individuals develop robust and personalized long-term financial plan. He builds and manages customized investment portfolios that meet clients’ needs and risk tolerance.
In his practice, Stoyan thrives on helping hard workers like himself manage their finances efficiently. He also runs a financial blog with the goal to educate his followers about planning for the future. He would like to help his clients and blog readers avoid some of the financial mistakes he made when he was starting. Stoyan wants to make the wealth management service more accessible to everybody.
MBA, Finance, Pace University
Assets Under Management:
Babylon Wealth Management is a Registered Investment Adviser. Advisory services are only offered to clients or prospective clients where Babylon Wealth Management and its representatives are properly licensed or exempt from licensure. The content on Investopedia is solely for informational purposes. Informational materials, brochures, and commentary produced by Babylon Wealth Management and its representatives are strictly informational and should be used for research use only. No informational materials, brochures, or commentary should be construed as advertising material. Any opinions expressed are relevant as of the posting date and are not intended to provide investing or other advice or guidance. All relevant facts, including individual circumstances, need to be considered by a reader to arrive at personal investment conclusions. Past performance is not indicative of future results. Investing involves risks, as the value of your investment will fluctuate over time and you may gain or lose money. Investment risks are born solely by the investor and not by Babylon Wealth Management.
Since you are not paying taxes on your investments in the Roth IRA and there are no mandatory distributions, Roth IRA is best suitable for investments with higher than average expected total return. Depending on your overall portfolio allocation and risk tolerance, you may consider investing in growth assets - Large Cap / Small Cap Growth, Emerging Markets, and REITs. I would suggest keeping most of your high dividend funds in your Traditional IRA.
Reinvesting dividends is really dependent on a range of factors including your age, risk tolerance, current and target portfolio allocation. Based on your question, I assume that you are not using dividends to supplement your income.
I typically recommend using the extra cash from dividends as a tool to rebalance your investment portfolio back to your target asset allocation. Basically, you can buy assets that have recently underperformed. On the other hand, if you reinvest the dividends in asset classes that have higher than the target allocation, you can increase the risk of your portfolio. Also, trying to time the market can be a bad idea. As we have seen many times, markets can be very unpredictable. Sticking to your long-term goals and target allocation is a better strategy during volatile markets.
Will he receive any employee match for the one year of service? Many employers offer a contribution match, up to a certain amount. If yes, then it's worth it.
If no, then the answer is a little bit more complicated. It will depend on his tax rate during the year of service and afterward. if your tax bracket is higher during the year of service, but it will fall once he retires and starts withdrawing RMDs, then it will be worth contributing to a 401(k) plan.
It's admirable that you are thinking about investing, saving, and achieving financial independence before graduating school.
It's hard to give a specific advice unless we know your actual amount of debt and expected future expenses and income. On a very high level, you need to prepare a budget to ensure that you don't spend more than you earn. The budget must contain your income and your spendings including debt repayment, rent, food, clothing, entertainment, etc. Any excess cash can be directed to your saving and retirement accounts. You should maintain an emergency budget of at least 3-6 months to cover any unforeseen expenses.
if your employer offers a 401(k) plan, you can consider contributing a portion of your salary. You can also contribute some of your earned income to a Roth IRA.
In order to assess the qualitative attributed of a company, you need to gain a better understanding of its business model. There are many qualitative attributes ranging from, but not limited to, main product or service, market share, management, key employees, corporate culture, technology innovation, competition, patents, etc. Companies with strong qualitative attributes, like Netflix or Facebook, always have an edge over their competitors.