Deva Panambur, CFA®, CFP® is the founder of Sarsi, LLC. Sarsi, LLC is an independent, fee only, Registered Investment Advisor, serving individuals and institutions. We primarily provide the following services: 1.Financial Planning: Overall financial situation of the client including cash flow, debt management, risk management/insurance, estate planning and tax planning. 2. Investment strategy 3. Asset allocation and risk management 4. Manager/Investment product selection 5. Investment monitoring and reporting.
Prior to founding Sarsi, LLC in 2010, Deva was a Senior Vice President/Partner at Executive Monetary Management (EMM), a wealth advisor with over $2Bn in assets that was a part of Neuberger Berman, before being spun off into an independent firm in 2009. At EMM, Deva led manager selection and due diligence and had joint responsibility for economic analysis, strategy analysis, portfolio management and risk management pertaining to investments of ultra high net worth clients and institutions.
Prior to joining EMM, he was a portfolio manager at the alternative strategies group of Merrill Lynch; a research analyst at Chesapeake Capital Corporation- a hedge fund; and a risk and business analyst at Deutsche Bank Asset Management where he supported various investment groups. He began his career at International Seaports Pte. Ltd. in international project finance in the Far East and the United States.
Deva earned a Bachelor of Technology from the Indian Institute of Technology, India, a Master in International Management from the Indian Institute of Foreign Trade, India, and an MBA from Thunderbird School of Global Management, Glendale, AZ. He has been awarded the Chartered Financial Analyst designation and is a CFP® professional.
He regularly provides expert advisory services to top consulting firms and asset management companies regarding the business and investment aspects of the investment industry. He is an Adjunct Professor of Personal Finance at Montclair State University in New Jersey and in his spare time trains candidates appearing for the CFA exam.
MBA, Finance, Thunderbird (Arizona State University)
BTech, Metallurgy, Indian Institute of Technology
Fee only. Asset based and/or fixed.
Sarsi LLC (“Sarsi”) is a Registered Investment Advisory Firm regulated by the State of New Jersey in accordance and compliance with applicable securities laws and regulations. Sarsi does not render or offer to render personalized investment advice through this newsletter. The information provided herein is for informational purposes only and does not constitute financial, investment or legal advice. Investment advice can only be rendered after delivery of the Firm’s disclosure statement (Form ADV Part II) and execution of an investment advisory agreement between the client and Sarsi.
Sarsi, LLC Introduction
If your school does not consider you laid off, you can always resign from the school. You should discuss this with your supervisor or the appropriate person in human resources.
You may be aware that withdrawing funds from your 401K before the age of 59.5 will entail a penalty in addition to the taxes you may have to pay. After separating from your current employer, the other options for your 401K is to roll it over to an IRA, roll it over to a new employer's 401K if they allow it. You can also leave it with your current employer's 401K.
If you can get a significantly lower rate than what you are paying, then yes. This is especially true if you are planning to live in the house for a while. You may want to run the numbers to see if it is worth it. Calculate the amount you would be saving per month net of taxes and compare that to the fees and other costs that you are likely to pay for the refinancing. Divide the latter by the former to get an idea of how long you must live in the house to break even.
Whether you should go for longer maturity or shorter maturity is a tradeoff between how much mortgage payments you can afford on one hand (Longer maturity has lower payments) and the extra interest you would be paying for longer maturity on the other hand. With shorter maturity you can pay off the loan earlier- but you should look at the opportunity cost of directing more of your dollars towards paying off your mortgage.
Hi, I am sorry to know about you and your husband's sitaution. Repossession of a car can have a negative implication to one's credit rating and can stay on record for seven years. In addition, if the loan amount is greater than the value of the car, the borower will be responsible for the balance and it will stay on record as amount due.
You may want to see if you can refinance the loan or trade in for a cheaper car to alleviate the situation.
If not, voluntary surrender maybe a better option: You can see if the lender is open to negotiating a better payment plan for the balance on the loan.
If none of this works and the car gets repossesed then apart from having to pay off the balance as soon as possible you will also have to rebuild your credit by managing the rest of your debts well.
All the best.
There are several differences but the biggest I would say, is that hedge funds operate mostly in the public markets i.e. they make investments in securities such as stocks and bonds that are publicly traded in exchanges. On the other hand, private equity funds make private investments or buy publicly traded companies and take them private. (There are exceptions to the above, and some hedge funds do buy private investments and some private equity purchase public investments.)
There are other differences many arising because of the above difference: Hedge funds usually have a shorter time frame when making investments, their clients have a higher liquidity i.e. they can take their money out faster than from a private equity fund, hedge funds usually buy only a fraction of a company whereas private equity funds usually buy entire companies then improve their operational and financial performance, hedge funds may have a slightly different fee structure than private equity funds etc.
Here is a presentation on introduction to hedge funds that I made: Click here
I am assuming you are asking as an individual investing in a privately placed hedge fund.
The answer is yes. From a legal standpoint you must satisfy a few conditions that the law stipulates regarding your status. One such status is you need to be an accredited investor ie have an earned income of at least $200,000 ($300,000 along with your spouse) in the last two years and expect the same this year OR have a net worth of at least $1MM (individually or with spouse) excluding primary residence. You can find more information here https://www.investor.gov/additional-resources/news-alerts/alerts-bulletins/investor-bulletin-accredited-investors
There is a higher requirement that the law stipulates that requires you to be a qualified purchaser ie have investments of at least $5MM. More information here: https://www.law.cornell.edu/cfr/text/17/270.2a51-1
Which of the above applies depends on how the hedge fund is structured ( 3(c)(1) versus 3(c)(7) ).
Separately, the manager of the hedge fund may have minimum investments that they will accept and usually can be anywhere from $100,000 to sometimes as high as $10MM or more.
Then, there is also the question of 'should' you invest in a hedge fund. That is a whole different discussion....