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
Start with Vanguard and end with ... Vanguard.
If you are 34 and your contributing 30% to your retirement, you are way ahead, you are not behind. As a rule of thumb, if you start invest for your retirement in your 30s, you need to put aside 15% of your incomes. You are doing way more than that. While saving for retirement is awesome, you should not stop investing in yourself and your love ones, like taking a class, learning a new skill, taking a trip and etc. Investing in yourself is the best investment.
I am a financial advisier, so my answer maybe partial. I think you will almost surely be better off doing a two fund portfolio of 50% total stock market index fund and 50% total bond market index fund than hiring a financial adviser to pick stocks and bonds for you. Harry Markowitz, the Nobel Prize winner who invented modern portfolio theory, did just that. 99.9% of financial advisers can not beat the market. Stock picking is a fool errand. Don't spend money to hire someone to do a fool's errand. On top of that 99% of financial advisers have conflict of interest. That's the way it is in this country, they are registered broker, they are under no obligation to put your interest first.
Not know what's your situation, by it can't go wrong with investing in a Vanguard target retirement fund.
Yes. As long as your 401k plan allows you to take out a loan, you should do that. Once you did that, you may want to cancel your credit cards though since old habit dies hard.