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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What's the safest way to invest in high-yielding dividend stocks?
55% of people found this answer helpful

The safest way to invest in high-yielding dividend stocks is to use the index approach. There is a fund company that specializes in that, its name is Wisdom Tree.

Take for example one of its ETFs called DHS, or Wisdom Tree high dividend fund, it invests in the 30% of companies that pay the highest dividend yields and it uses a fundamental weighting approach. The weight of a particular stock in the fund is determined by its dividend yield, not its market cap. 

High dividend stocks are extremely volatile during a prolonged bear market. I did a study in which I held a portfolio of top 30% high dividend yield stocks during the Great Depression, when the market dropped 86%. This portfolio recovered in 3 and half years while the overall market did not recover until 12 years later. See a summary of study here:


October 2016
Are there funds that have performed better than those that follow the total stock market?
50% of people found this answer helpful
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? 
50% of people found this answer helpful
March 2018
What is the difference between a hedge fund and a private equity fund?
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October 2016
    Investing, Real Estate
How should I invest extra income?
47% of people found this answer helpful
October 2016