Mark Painter

CFA
Retirement, Investing, Small Business
81%
Helpful
12
Answers
0
Articles
3
Followers
“Mark Painter, CFA, founder and President of EverGuide Financial Group, focuses his time on helping clients save and grow their money by reducing taxes and building portfolios that reach individual client objectives.”
Firm:

EverGuide Financial Group, LLC

Job Title:

President

Biography:

Mark R. Painter, CFA is the Founder and President of EverGuide Financial group. He has been an investment manager for over 12 years at both the institutional and retail level having managed public mutual funds and individual client accounts. Additionally he has written for Seeking Alpha and been a speaker on various panels and industry conferences. Mark and his team's mission at EverGuide Financial Group is to help their clients navigate their financial course through cost effective wealth management and Everlasting education.

A graduate of Carnegie Mellon University Tepper School of Business, Mark went on to attain his CFA charter in 2009. Mark worked for Stanley Laman Group, Ltd from 2004 2016.

At Stanley Laman Group, Mark quickly went from analyst to portfolio manager in 2005 and helped create their portfolio management business.  Not only was Mark responsible for portfolio management but also had large responsibilities in working with clients to understand their needs and financial goals. In 2014 Mark became the lead portfolio manager of a publicly listed mutual fund (American Real Estate Income Fund).

Education:

BS, Business Administration, Carnegie Mellon University

Assets Under Management:

$30 million

Fee Structure:

Asset-Based

CRD Number:

4877921

All Answers
Sort By:
Most Helpful
    401(k), Stocks
Where should I move my 401(k) gains before the bull stock market ends, in preparation for a market crash?
59% of people found this answer helpful

What a great question and one that crosses peoples minds a lot.  I will say that you are thinking a little differently in that most people want to go to cash AFTER the market has sold off.   

Each investor is different and without knowing your age, time horizon, risk profile, etc it is difficult to give a precise recommendation, however I will answer in the broadest sense and hope it helps.  I tell clients to look at their accounts with a certain objective in mind such as capital appreciation, capital preservation, or current income.  Usually for a 401k, the objective is capital apprecaition in order to maximize account value for when you are ready to retire, at which time your objective will change towards income.  Additionally, because of the long term nature of the account (taxes +10% penalty for early withdrawal) combined with contributions that are the best form of dollar cost averaging, a 401k should be used as a more passive investment.  Trying to time the market and make binary (you either win or lose) active bets will most likely cause your portfolio to suffer in the long run.  

With that being said, it is a great idea to periodically rebalance the portfolio.  Depending on what is offered in your plan, there will inevitably be funds that have done extremely well and others that have not.  By selling some of the strong performing funds and buying some of the weaker performing funds you can increase the expected return of your portfolio over the long term.  I stress "long term" because it may take awhile to realize the benefit of rebalancing as momentum tends to stay in asset classes for longer than most people expect. 

Given your current views, in the process of the rebalancing you can assess what would have an outsized exposure to a downturn in both stocks and bonds, such as high yield bonds, corporate bonds, and growth stocks and reduce your exposure there.  As an example, even though a high yield bond is fixed income, if we were to go into a bear market, this asset class will most likely behave more like a stock than a bond and thus defeats the main goal of diversification.  Additionally, there is nothing wrong with using cash as part of the allocation in your rebalance, it just should not be an all or none proposal like the question states.  After all, if the fed continues to raise interest rates 3-5 times over the next year, that cash can become more valuable when other fixed income securities may not.  

Best Wishes and happy investing!

5 weeks ago
    Investing
How can a payout ratio exceed 100%?
57% of people found this answer helpful
October 2017
    Investing, Real Estate
Can a limited partnership have multiple limited partners?
50% of people found this answer helpful
October 2017
    Estate Planning, IRAs
Should I leave my $400,000 IRA in a managed account, or should I place it in a low cost dividend stock?
33% of people found this answer helpful
October 2017
    IRAs, Taxes
How are distributions and capital gains/losses from MLPs taxed when they are held in a Traditional IRA?
25% of people found this answer helpful
September 2017