MZ Capital Management
Michael Zhuang is founder and principal of MZ Capital, a fee-only registered investment advisor firm located in the Greater Washington D.C. metropolitan area.
Michael earned dual Master Degrees in Mathematics and Quantitative Finance from Carnegie Mellon University. He was also a PhD candidate for Financial Economics. After completing all training and exams, he decided his true calling is not in academia. The PhD training taught him how to think rigorously and research thoroughly.
From 1999 to 2000, Michael worked as a financial engineer for Societe Generale, the biggest French banking group.
From 2000 to 2003, Michael was hired by PG&E National Energy Group to launch their weather derivatives trading business. Within 2 years, he became one of the top 3 traders in the field. Nevertheless, he saw first hand the crooked ways of the financial industry where everything goes to make a buck. That experience motivated him to launch MZ Capital.
Michael's investment approach is based on the Nobel Prize winning research of Eugene Fama. He is also deeply influenced by three people: Warren Buffet on value-orientation and patience, David Swensen on multi-asset-class investing and decision framework, and John Bogle on minimization of costs for clients and stewardship of clients' money.
Michael is active in the community. He twice sponsored Melodic Impact, a musical fundraiser for kids with cancer. He volunteered as an instructor for Toastmasters International's Youth Leadership Program. He was on the board of Special Love, Inc., a non-profit devoted to kids suffering from cancer. Recently, he also completed Leadership Montgomery.
Michael is married with two children. His favorite past time is stand-up comedy and storytelling. He was nominated as Top Ten Storytellers in Virginia. He has also won multiple Story League contests in DC and Best Storyteller in Philadelphia's Story Slam. He performed clean comedy regularly in corporate, charity and association events.
MS, Finance and Economics, Carnegie Mellon University
MZ Capital Management Story and Value
The easiest way is to pick a Vanguard target retirement fund. Since you are 35, let's say you are going to retire in 2050, then use Vanguard Targe Retirement 2050. The symbol is VFIFX. One fund is enough and you don't need to do rebalance, they will do that for you behind the scene.
Since you are only 44 years, if you cash it out now, you will pay taxes and a 10% penalty. I am sure there are better ways to payoff your car and go on a vacation. Maybe you can get your husband to moonlight for Uber. Just FYI, if you cash out when you are 59.5, you will still pay taxes, but at least there is no penalty.
Also you may want to rollover to an IRA that you have full control over. Rolling over to your current 457(b) could be an option as well if the plan has good investment options. Don't leave it with your old employer for simplicity and safety's sake. I have a client whose old employer went bust, and his 401(k) money was frozen for 2 years as the court sought out the wreckage. You don't need that.
It is nearly impossible to generate $1,500 from your initial $200K. You may want to explore a single premium immediate annuity (SPIA). I went to this website to get a quote for you: https://www.immediateannuities.com/ and you can get $1,472 a month until you pass away. Even if you live another 30 years, you will get the monthly payment. The downside of it is your kids and grandkids will not get any of the $200K.
Active trading is never a good idea if your goal is to earn a profit. Read Berkley professor Terry Odean's paper "Trading is hazardous to your wealth." To earn a profit above and beyond index, you must have information advantage, meaning that you must know something all other investors don't know. As a college student, you don't have information advantage. The best way to invest for you is to dollar cost average into a index fund or index ETF.
I would recommend rolling over your old 401(k) to your IRA instead of your new 401(k). When the money is in your IRA, you have complete control. When the money is in a 401(k), the trustees of the 401(k) have control. You, the beneficiary, do not have control. In the event of bankruptcy or insolvency of your employer, your 401(k) might be frozen for years. You don't want that. So it's always a good practice to rollover your old 401(k) to your IRA as soon as you leave the company. For simplicity and control sake, you should go for IRA.