Michael Zhuang

Personal Finance, Retirement, Investing
“Michael Zhuang, Principal of MZ Capital Management, is dedicated to helping physicians, entrepreneurs, and divorced women build wealth and live well.”

MZ Capital Management

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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

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June 2017
    Personal Finance
April 2017
    Investing, Mutual Funds
February 2017

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Are there funds that have performed better than those that follow the total stock market?
50% of people found this answer helpful

In any given years, there are always some funds that perform better than the index. Are they just lucky or the managers truly have skills to beat the market? Study after study have showed that it is mostly due to luck. Since there are so many funds in the world, there bound to be some that will beat that market.

A good analogy would be a stadium full of people tossing coins. After the first coin toss, heads remain standing, tails sit down. About half will remain standing. After the second coin toss, head remain standing, tails sit down. About a quarter will remain standing. So on and so forth. After the tenth coin toss, odds have it that there are five people remain standing. They have consecutively tossed head ten times. Are they expert coin tossers? They are not. If you  try another round of ten coin tosses, they could sit down very quickly.

The same logic applies to outperforming funds.

July 2017
    Asset Allocation, Bonds / Fixed Income, Choosing an Advisor
Should I try a do-it-yourself approach when beginning to invest 50% in stocks and 50% in bond mutual funds, or hire a financial advisor to select a basket of stock options and bond mutual funds? 
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last month
What's the safest way to invest in high-yielding dividend stocks?
47% of people found this answer helpful
October 2016
    Investing, Real Estate
How should I invest extra income?
47% of people found this answer helpful
October 2016
    Pensions, Retirement Savings
Should I cash out my pension or roll it over to a 457(b)?
46% of people found this answer helpful
October 2016