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:
This report does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of the person who received it. The securities discussed in this report may not be suitable for all investors. QFA recommends that investors independently evaluate particular investments and strategies, and encourages investors to consult with their QFA investment advisor. The appropriateness of a particular investment strategy will depend on an investor’s individual circumstances and objectives.
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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.
Debt coverage ratio of less than 35% is healthy. Debt coverage ration is the total amount of interest payments divided by your total income in a month. Conversely, a debt coverage ration of more than 50% is dangerous. Something between 35 and 50 can be fixed :)
Yes you can open a SEP IRA, however if you are the sole owner of you and your spouse, I prefer the solo 401(k) product. It is bankruptcy remote, utilizes a separate tax ID and is considered a separate entity. There are no initial fees for the solo plan, you can use ETFs, Bonds, mutual funds, illiquid alternative assets and option in this brokerage account. The funding is in 2 parts, a salary deferral piece of $18K and then a profit sharing piece up to a total of $54k. These limits change plus there is a catch up provision if you are over 50 years of age. Feel free to go to www.qfainc.com to learn more.
In short, the difference between investing and speculating is primarily that before you invest, you should do research (both fundamental and technical) and plan on holding the investment for a long period of time. However, speculation is when you buy or sell an asset before an earnings announcement, you transact the trade based on a gut feel or it is a bet that the asset will go down or up. The holding period is extremely short. You may hold the investment for minutes or days.
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.