In addition to writing projects and providing quality financial planning advice to his clients, Jon Luskin regularly presents on investment management topics to financial professionals and lay investors. To inquire about having Jon Luskin speak at your event, contact speaking (at) JonLuskin.com. Jon Luskin currently has the following presentations available.
The Superior Portfolio Diversifier
U.S. government-backed debt has been noted and advocated as the superior portfolio diversifier. This presentation quantifies the value of U.S. government debt relative to U.S corporate debt in a portfolio alongside stocks. This will better enable advisers to produce the optimum portfolio allocation for their clients.
This presentation is based on a paper featured in the Financial Planning Association’s Journal of Financial Planning. This presentation has been approved for CEs for the CFP® designation and NAPFA CE in C – Investments.
Endowment Investing Case Studies
Previous studies have demonstrated that university endowments can often yield higher investment returns through index-based investing strategies as opposed to actively-managed alternative investments. Put simply, low-cost indexing produces higher returns. Only the largest institution can afford to retain the best money managers. Therefore, the best investment strategy is to retain those managers. The second-best strategy is to hold an inexpensive index fund. The worst strategy is active management by a pedestrian money manager.
These studies omit one critical variable: risk. A basic tenet of investing that is higher investment return can only be realized by subjecting principal to higher risk. While the index fund may post a higher a return, it may also subject the investment to higher risk. This presentation examines the value of holding alternative assets without management by elite professionals. Metrics for consideration include not just total return, but volatility (standard deviation), risk-adjusted performance (Sharpe Ratio), risk-adjusted performance above a minimum threshold (Sortino Ratio), and investment performance in years of market shock – including the bursting of the tech bubble and the sub-prime crisis. Eight case studies are considered, measuring the value of alternative assets.
This presentation is based on my master’s thesis.
Dollar-Cost Averaging Using the CAPE Ratio
Investment advisers have continued to practice dollar-cost averaging despite its demonstrated inferior returns compared to lump-sum investing. However, lump-sum investing has not conclusively eclipsed dollar-cost averaging; it has outperformed dollar-cost averaging only two-thirds of the time. Certain periods of flat stock market performance, and downward-trending markets point to the superior nominal investment return with dollar-cost averaging. This presents the research question: is there a common underlying factor that influences dollar-cost averaging outperformance of lump-sum investing?
This presentation is based on a paper featured in the Financial Planning Association’s Journal of Financial Planning. Presentation slides are available here. This presentation has been approved for CEs for the CFP® designation.
The presentation was very well received, and we were extremely impressed. Your members are sure to come away with new and insightful information. I would highly recommend Jon as a speaker for any FPA Chapter.
Mark A. Halby, CFP® AIF®
Financial Planning Association of San Diego
Jon did a terrific job of engaging with the audience, who asked him all sorts of tough questions. I would recommend Jon to other FPA chapters and hope to have him back soon for another great presentation.
Don Hance, Jr., EA, CFP®
Financial Planning Association of Los Angeles
Jon’s presentation was refreshing, thought-provoking and digestible. He took a technical topic and made it enjoyable for those that attended by not only articulating his point of view clearly – without glossing over the subject matter – but also by leaving plenty of time for discussion and questions, which our attendees appreciate very much.
Corey Purkat, CFP®, AIF®
Financial Planning Association of Minnesota
My Interview with Hannah Moore, CFP®
Featured Speaking Engagements
Featured Presenter, Monthly Webinar, “Total Portfolio Performance: Treasuries versus Corporate Bonds in a Portfolio alongside Equities,” National Association of Personal Finacial Advisors (NAPFA), NAPFA Genesis, February 14, 2018
Featured Presenter, Quarterly Meeting, “Total Portfolio Performance: Treasuries versus Corporate Bonds in a Portfolio alongside Equities,” San Diego Bogleheads, San Diego, CA, January 15, 2018
Featured Presenter, Annual Symposium, “Dollar-Cost Averaging Using the CAPE Ratio,” Financial Planning Association of Minnesota, Minneapolis, MN, October 16, 2017
Featured Presenter, NexGen Seminar, “Dollar-Cost Averaging Using the CAPE Ratio,” Financial Planning Association, Los Angeles, CA, July 22, 2017
Featured Presenter, Quarterly Education Meeting, “Dollar-Cost Averaging Using the CAPE Ratio,” Financial Planning Association of San Diego, San Diego, CA, March 15, 2017
Featured Presenter, Quarterly Meeting, “Dollar-Cost Averaging Using the CAPE Ratio,” San Diego Bogleheads, San Diego, CA, March 13, 2017
Featured Presenter, Quarterly Meeting, “Endowment Investing Case Studies,” San Diego Bogleheads, San Diego, CA, September 16, 2016
Featured Presenter, Weekly Chapter Meeting, “Endowment Investing Case Studies,” Financial Planning Association, SDSU Student Chapter, San Diego, San Diego, CA, October 23, 2013
Featured Presenter, Monthly Meeting, “Endowment Investing Case Studies,” Financial Planning Association, NexGen, San Diego, San Diego, CA, October 18, 2013