Quantum Financial Advisors, Inc.
President and CIO
Mr. Joseph Rinaldi is a registered investment advisor, the Senior Managing Director and President of Quantum Financial Advisors.
Mr. Rinaldi graduated from Hofstra University with a BBA and earned his MBA from Pace University. Mr. Rinaldi has worked in capital markets for nearly three decades for companies such as Dimes Savings Bank, Morgan Stanley, Maryland National Bank (now Bank of America) and The Resolution Trust Corporation. His career has encompassed asset securitization, risk management, and trading. During the S&L debacle he traded over $40 Billion worth of assets from banks he took over for the government. Afterwards, he started his own SEC investment advisory firm that has a successful 19 year track record.
In addition, he teaches "Futures, Options, and Derivatives" at the Robert H. Smith School of Business at the University of Maryland and the Stern School of Business at New York University to both graduate and undergraduate students. He also co-authored, "A Beginning Guide to Alternative Assets" with Dr. Howard Lodge. (translated the book to Chinese and Spanish versions to promote financial literacy to other cultures and make learning tough concepts fun and easy).
BS, Finance, Hofstra Universty
MBA, Finance and Information Systems, Pace University
Assets Under Management:
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I like baskets of companies because of acts of Gods. ie you can do all the research you want but you can't predict a political event, natural disaster or in some cases fraud. The two investments I like are USO, an ETF, that represents a basket of investments in oil or oil futures and a better "less risky" investment AMLP, which is an ETF that invests into an index of oil and gas pipelines. This ETF is one that I own for clients that pays approximately a 9% dividend, is a basket of 23 companies. These companies have been hurt due to low oil prices, but they act as a toll booth on a highway that always makes money as oil & gas passes its pipeline. In addition, this asset class has 20% upside when oil prices normalize between 60 and 80 per barrel.
Yes, but it depends on liquidity. If an investment is not liquid and you can not sell it when you need the money, you may require a lot more than 10% return.
Sounds like you have an annuity. I do not like loaded (fees) annuities because they are too expensive. I prefer paying an advisor an upfront fee (ie a financial plan or per hr) then use a robo advisor product to rebalance your investments. It is on auto pilot and the fees are as little as $100 per yr.
If you are investing for the long term --I recommend max funding your 401k or IRA. However, if you want to save for the ultimate purchase of a home within 5 years. I would normally recommend a 50%50% (stocks /bond) portfolio. However, since the world has used amounts of volatility perhaps a 20%/80% allocation in stocks/short term bonds) makes more sense. You won t earn a lot buy you won t lose a lot either.
Unfortunately the big banks got bigger. The top 4 banks represent approximately 45% of all deposits nationally. Since they got bigger, the banking system is more at risk for too big to fail. On the flip side, the non bank sector BDC (business development companies) is a great arena to invest since they are not plagued with all of the same government compliance.