Kisco Capital, LLC
Prior to founding Kisco Capital, Paul McCarthy held senior positions at two multi-billion-dollar hedge funds, where he acted as a trader and portfolio manager. Paul managed capital in adverse market conditions, including the post-tech bubble crash of 2000, the terrorist attacks of 9/11 and the collapse of the financial markets in 2008-2009. Managing risk in highly volatile markets is considered his specialty.
During Paul’s tenure in the hedge-fund world, he managed several investment accounts that had a combined market value of up to $6.5B. He generated positive returns every year and had his best years during the financial crisis of 2008-2009.
Since 2000, Paul has held the Chartered Financial Analyst (CFA) designation and is currently a member of the New York Society of Security Analysts (NYSSA).
Kisco Capital's mission is to help clients achieve their financial goals with their portfolio of securities. Whether they're interested in retirement accounts, long-term buy and hold accounts or an account to trade, Kisco Capital can advise clients on their investment portfolio. The methods used for investment management heavily utilize capital allocation and risk management techniques to limit losses and find the best risk/reward positions for the current macroeconomic environment.
Each client at Kisco Capital goes through a process of risk-profile assessment that dictates where to invest their money and which securities to select. Once they have an established portfolio of securities, Kisco Capital will regularly monitor the positions to ensure that they are performing within their expected performance corridors and re-balance when necessary.
BS, Finance, Bentley University
MBA, Banking, Hofstra University
Assets Under Management:
Fees are a fixed percentage of Assets Under Management.
Keep in mind that NPV/IRR are used to measure returns against a cost of capital or a measure of profitability of a project/investment. It's largely used as a tool, however, it does not capture all the variables that ultimately greenlight an investment. For example, corporations may take on 0% IRR projects if it keeps the company operational until better projects become available. For a local town, there are many benefits that a town's citizens may benefit from that are impossible to incorporate into this metric. My advice is to use it as a tool, not an answer. Good luck!
If a company is near IPO, there is nothing really investors can do except perform research or due diligence on the company. Any company about to go public will perform a "road show" where they visit potential investors that may put in an order to buy their stock when it goes public. There are several websites that track IPOs and email alerts to subscribers (some are free).
Stocks are what you want. Options are derivative instruments used by professional traders and money managers that are used for speculation or hedging. Options can also add leverage which may cause you to lose a large portion of your account balance so outright stock purchases are the best way for most investors to gain exposure to equities.
Broad market ETFs are always a good way to diversify your risk and reduce volatility. Always maximize your pre-tax contributions as the tax advantages are too good to ignore. Lastly, DCA is not an investment strategy that I would recommend. DCA can cause you to dig a deeper hole in your portfolio as the value of your investment falls. Wait until the value of your investment recovers before you buy more. Many new investors make the mistake of buying as your investment falls only to find they have a big loss that may take years to recover. Focus on investments that generate cash like REITS, utility stocks, and bonds so that you get paid to wait while your investments recover in value.
There are many, but here are a few tips to follow:
- Don't buy mutual funds as they tend to replicate broad market indices like the S&P 500 and NASDAQ. ETFs can do this at a lower cost.
- Don't buy stocks below $5. Low dollar price does not mean cheap.
- Stick with large companies that are profitable.
- No leverage (margin) or stock options. Those are for experts only.
- Familiarize yourself with investments that generate an income including utilities, REITs, preferred equities, and bonds.
It takes years to understand it all so take your time and do your homework.