Tag: investment management

23 In Review

Happy New Year! I’d just like to share what a positive year 2023 was for me personally, offering some chaos, growth, fresh starts and new beginnings. Being committed to lifelong learning we made a great investment of time in education last year and are on good footing in a very fast paced and exciting environment.

In 2023 we:

Earned NJ real estate agent license
Started great deeds fitness
Earned CompTIA Security+
Earned ISC2 Certified in Cybersecurity
Retained Pythia® service mark
Revamped coroebuswm.com
Accelerated progress on Pythia®

We believe GenerativeAI has fundamentally changed the landscape for business professionals and entrepreneurs. Learning how to use it to increase efficiency and effectiveness may be the greatest challenge for most.

See Coursera Prompt Enginneering

The Planning Fallacy and Resolutions

As we step into 2024, let’s talk about a common bias we fall into when setting our resolutions – the “Planning Fallacy.” 📉

The Planning Fallacy is our tendency to underestimate the time, costs, and risks of future actions while overestimating the benefits. 🙇🏽‍♂️It’s why we often set ambitious goals for the year ahead, only to struggle with follow-through. 😼 So, what can we do differently this year?

  1. Don’t abandon your dreams! Things take longer than we expect and can therefore sometimes feel impossible. Instead of setting overly optimistic resolutions, take a moment to assess your past experiences and set achievable, incremental goals.
  2. Break it Down; Divide your resolutions into smaller, manageable steps. This way, you’re less likely to get overwhelmed and more likely to stay on track.
  3. Monitor your progress; Use a journal or app to track your progress regularly. Celebrate small wins to stay motivated.
  4. You may be the kind of person who likes to keep your goals private. Consider sharing your resolutions with a friend or family member who can keep you accountable.
  5. Adapt; If you stumble, don’t give up! Learn from setbacks and adjust your plan as needed. Remember, it’s not about making resolutions and forgetting them by February. It’s about creating sustainable, long-lasting change.

Black History Month

In our next post we will share our portfolio performance for last year and offer an interest rate outlook. Health and prosperity to all in 2024.

I am having a great year. The kind that will be remembered for great years. Plato said I wasn’t welcomed here. Before I go, imma need three cheers.

Coroebus’ First Olympiad

Coroebus’ first olympiad is complete. We have been operating for four years and continue to meet challenges as they come. Performance has been competitive, though scaling continues to be an area of focus as I continue to develop PythiaSM.

In the area of portfolio management or investment management there is a continuing debate as to whether managers deliver enough value to justify their fees. With the growing use of passively managed portolfios, indexed portfolios, roboadvisors and the accompanying downward pressure on fees, active managers face existential threats. Adapt or expire…

Unfortunately, most managers do not capture alpha, or market outperformance, to do little more than pay themselves. Also, most managers who are able to outperform the market and their competitors in the three to five year term, tend not to outperform in the longer term. Though we have our heroes of finance who are able to deliver exceptional returns over thirty plus years, they are the outliers, and more importantly it is difficult to identify why they are able to deliver superior returns.

In the age of big data and artificial intelligence many would like to attribute their performance to superior algorithms and quantitative analysis. It seems more likely and accurate to attribute it to asymmetric information. Simply put, they know something their competitors/other investors do not.

Numbers are a great story telling tool, but as an investor you can get the numbers right, and still lose money. You can be right by most standards, and still be wrong. The disclaimer you will find in any fund marketing material “Past performance is not an indicator of future results/outcomes,” is meant to communicate this to potential investors.

For institutions, this often means they are paying a portfolio manger so that they have someone to blame/fire when performance suffers. See the global pension crisis…

For individuals, especially those with fewer assets, the value of an advisor is likely in their strategic planning and behavioral coaching rather than in their prowess as portfolio managers. For most individuals, public market investment returns will not be the source of their wealth, but part of a capital preservation strategy.

According to research conducted by Roy Williams and Vic Preisser, authors of Preparing Heirs, 70% of intergenerational wealth transitions do not occur successfully. Start building your team of advisors to prepare your family to achieve your wealth mission.

Coming Soon: Pythia…

Coroebus is 3!

According to the ancient poet Pausanius, Coroebus of Elis won the first gold medal of the ancient Olympic games in 776 B.C. by defeating his competitors in the stadion race. Taraje chose to name his business Coroebus to help fulfill a childhood dream to become the first male U.S. Olympic Champion in the sport of judo.

The mission of CWM is to inspire entrepreneurs to prepare and execute bespoke strategic plans to achieve specific lifestyle goals in a socially responsible manner. Our guiding principles are specialized knowledge with integrity and devotion.

IMG_2043
 In ancient Greece, the Pythia were priestesses and oracles who would communicate with Apollo to predict the future. The labrys is an ancient Cretan double axe that was sometimes associated with female divinity. Together they form Pythia, the predictive analytics tool for financial services/management.IMG_1633

Pythia is Coroebus Wealth Managements financial technology application under development which will offer automated investment management and financial planning, as well as a financial literacy curriculum. In the universe of roboadvisors it might be considered a hybrid as it will offer access to human and algorithm managed portfolios.

We have not abandoned our boutique service or multi-family office business model, but are adding on an automated service to touch a greater number of people and provide expert financial advice to underserved communities. Initially an automated account opening and preliminary discovery process will allow users access to our investment advice. The target market for Pythia are generation Y and Z entrepreneurs, aspiring and otherwise.

The release date is to be announced… We will be working with a small group of thought leaders during development. This has been a project of mine for three years now and it is great to see it begin to take form. Stay tuned for invitations for our early release…