GDS Investments, LLC
Managing Member, Portfolio Manager
Glenn founded GDS Investments in 2012. From 2001 to 2012, he worked for Alsin Capital Management, Inc. as an equity research analyst (2001-2003), co-portfolio manager (2003-2008), and portfolio manager (2008-2012). Before joining ACM, Glenn worked for Enron Corp. as a derivatives structuring manager, and for Commerce Bancorp (now TD Bank) as a real estate credit analyst.
He currently serves as an advisory board member of Value Conferences – an online-only conference featuring some of the most prestigious value investors across the globe.
GDS Investments specializes in managing all types of investment and retirement accounts on behalf of individuals, families and institutions.
Glenn has a B.A. in management (accounting concentration) from Gettysburg College and an MBA (finance concentration) from Southern Methodist University. He graduated in the top 10% of his MBA class and participated in study abroad programs both as an undergraduate (Seville, Spain) and graduate student (Melbourne, Australia). Glenn’s interests include running, cycling, golfing and youth coaching.
BA, Accounting, Gettysburg College
MBA, Finance, Southern Methodist University
Adopt a Value Investing mindset when it comes to security selection. Read everything about Warren Buffett and if you have the expertise to properly value a security, then only buy when you can do so at a large discount to fair value.
Bonds are in the very early stages of a long-term bear market. The 10-year topped in 1982 at 15% and has been in a 34-year bull market ever since. President-elect Trump's agenda of lower taxes, less regulation, and infrastructure spending will be pro-growth, which will generate an uptick in inflation.
I have two initial thoughts:
1. Your intuition is right about her performance. If your account is only 7% higher than what you contributed over the last 12 years, then the performance is unacceptable.
2. Typically with measuring 401(k) performance, there are a lot of moving parts because of fund flows, etc. There are lots of portfolio management software programs (I'm certain your advisor/Ameriprise uses one internally) - it's really her responsibility to periodically (annually) provide this data to you. From there, you can compare her returns to a comparably structured "passive" portfolio.
Growth and Value should not be thought of as mutually exclusive variables. Growth is simply an input into how to calculate value. To keep your investment strategy simple, calculate value and then pay a lot less than this.
Because of your age, you are much better off contributing the maximum to a Roth IRA. The income tax benefit of doing so (tax-free capital gains and distributions) far outweighs tax benefits tied to Traditional IRA contributions. Thanks, Glenn