Social Security Made SIMPLE, a free seminar by Certified Financial Planner and national financial expert Lee Munson, CFA, CFP®
Lee Munson was interviewed in the May 6th edition of Albuquerque Business First. He attributes his success as co-founder and chief investment officer of Portfolio Wealth Advisors to always being himself, and putting forth all the effort required to “not only be an expert in your industry, but an industry expert.”
Using DFA (Dimensional Fund Advisors) funds allows us specific advantages over other index funds. Early on, investors used indexes to track managers’ performance on a risk-adjusted basis. Years later, many indexes have been licensed to fund providers allowing investors to gain diversified exposure to an asset class. However, if the index fund is not a precise representation of the asset class, it may not be worth the cost required to track them. Unfortunately, the huge inflows into index funds have changed the dynamics of indexes. Remember that indexes are now investment vehicles, not simply a long list of stocks to reference relative performance. There are three major issues that the growth of index funds has created.
Lee Munson, co-founder and chief investment officer at Portfolio Wealth Advisors, was asked his opinion on the top-rated Fox business show, “After The Bell”. Ashley Webster was filling in for Liz Claman for the interview in which he asked for Munson’s investment strategy for the second quarter. We asked Munson what he thought about the interview.