Samuel A. Kiburz

Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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Recent Posts

Why Indexing Works

The theory that index/passive funds perform better than actively managed funds is backed by the fact that 90% of active funds underperformed their benchmarks over the last 10 years. So, it begs the question, “Why?”

Firstly, index funds do not have the added expenses of investment analysists and advisors, lowering overall cost and ultimately leaving more returns for investors to keep.

The chart above from S&P Dow Jones Indices shows the average actively managed fund costs 0.68% versus index funds of only 0.06%. So, right off the bat, every year the actively managed fund starts 0.62% in the hole.

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Least Regretted Majors

As high school seniors finish out the school year, some may be asked, “What are you going to major in at college?” Today’s Chart of the Day comes from CNBC.com who surveyed 1,500 job seekers for the percentage of graduates who would choose the same major again. The article also included the “most regretted” majors; however, you’ll have to click on the link to see that.

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Bonds to ETFs

We often talk about how over the last 10+ years investors have, in general, been moving out of mutual funds and into Exchange Traded Funds, also known as ETFs. However, this year the pattern is even more prevalent with bonds. So far this year, a record $446 billion exited bond mutual funds and went into bond ETFs and bank accounts.

Why do we use bond ETFs instead of actively managed bond mutual funds? Bond ETFs have substantially lower costs, more liquidity, increased transparency, and over the last 10 years had a better return than 90% of actively managed mutual funds.

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Car Prices Are Falling

Today’s Chart of the Day is from S&P Dow Jones Indices.

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The Fence Paradox

Today’s Chart of the Day is an infographic from Pasquale Cirillo, @DrCirillo on Twitter. We see this often when investors say, “They wouldn’t be allowed to sell this, if it wasn’t safe.” Yes, there needs to be fences, but don’t let their security lull you into forgetting the risks on the other side.

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That's a lot of Down Time

Today’s chart comes from Wealthmanagement.com. It shows the drawdowns, which is the percent the market is down from the previous record high, going back to 1970. As you would expect, the chart shows most the time the market is “down” and investors spend a lot of time having “lost” money.

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Longer Equals Higher Probability

Today’s chart from JP Morgan Asset Management’s Guide to the Markets quarterly presentation shows the cumulative returns based on 1, 5, 10, and 20 years for all stocks (in green), all bonds (in blue), and a 50/50 mix (in grey) since 1950.

Essentially, the longer you hold your investments, the higher probability you have of positive returns. In fact, there was never a period over 20 years that any of the options lost money.

The chart also shows the average annual total return for stocks was an impressive 11.5% during last 20 years. It will be interesting to see how the next 20 years look.

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Worst Since 1788

Today's chart comes from Bank of America’s Global Investment Strategy team. We have all heard that this was a bad year for longer term bonds, but how bad? Well, for the 10-year treasury this is the worst year since 1788, so basically the worst year ever.

The reason is, since the beginning of this year, the yield went from 1.50% to the current 4.00%, which equates to a 166% increase, causing the price to fall an incredible 20%.

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China's Lost 30 Years

Today's chart from Refinitive shows that over the last 30 years, China has delivered a cumulative return of zero dollars, meaning $100 invested 30 years ago is still worth only $100 today.

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Crypto / FTX Bankruptcy

Today we’re taking a quick side note away from the Chart of the Day to make a couple of comments on cryptocurrencies and FTX’s bankruptcy. FTX is a popular online cryptocurrency exchange, and its bankruptcy may turn out to be the biggest in history.

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