Dan Egan
12 statements across 1 episodes · 2 bullish · 5 bearish · 1 people on the record · first statement Aug 28, 2017 by Dan Egan · across every show →
On the record as a speaker too: Dan Egan's record, appearances and statements → this page counts the times other people say the name.
Everything said about Dan Egan, oldest first
Aug 28, 2017 neutral
Aug 28, 2017 positive
Egan: Tax loss harvesting is most valuable during an investor's first decade
“So strictly speaking, the value of tax loss harvesting grows over time monotonically, but it is convex. So the tax loss harvesting you do the first sort of 10 years of your life will be the most valuable tax loss harvesting you ever do. It will continue to be …”
Aug 28, 2017 negative
Egan: Searching for manager alpha is only worthwhile with millions in assets
“However many hours you spend trying to find the right manager, or trying to find the right strategy and understand what this stuff is doing, is not well spent unless you already have a very, very large asset base. I'm talking in the millions, at least.”
Aug 28, 2017 neutral
Egan: Marginal gains from over-optimizing rebalancing methodology are very low
“The marginal gains from thinking about rebalancing too much are really low. As long as you think about, like, the tax component of it, and you're not letting your asset allocation get crazy, You're fine. If it's daily, quarterly, monthly, annually, drift-based…”
Aug 28, 2017 neutral
Egan: Personal investing lacks accountability because investors cannot fire themselves
“Giving advice and being responsible for somebody else's money is different than what you do with your own. So I know people who have made bets on Bitcoin or various other things that lost tons of money, and if they were an advisor, they would be fired, but you…”
Aug 28, 2017 neutral
Egan: Behavioral Finance Knowledge Does Not Stop Irrational Decision-Making
“It doesn't stop you from having all of those issues. It doesn't stop you from making irrational decisions. It doesn't make you some sort of super rational person. It just does give you a framework of saying, okay, this is why this is happening. This is how thi…”
Aug 28, 2017 neutral
Egan: Saving $33 more monthly matches 1% annual manager alpha for averages
“He basically found that for that person, in order to, if that person went with finding out how to, you know, save more or invest more, rather than pick the better manager, they would need to save something like 33 more dollars per month. So, that's the trade-o…”
Aug 28, 2017 negative
Aug 28, 2017 negative
Egan: Non-Professional Investors Suffer From Poor Feedback Loops
“The vast, vast majority of investors, unless you're in a professional shop, you have a very low quality feedback loop about how well you're doing. The only people who have really high quality feedback loops are professional PNs, sometimes analysts, who get lik…”
Aug 28, 2017 positive
Egan: Tax loss harvesting acts as structural arbitrage on tax rates
“So generally speaking, you are using investment losses to offset ordinary income. Ordinary income is your highest marginal tax rate. You embed a tax gain in the portfolio that you then pay off generally 20 or 30 years in the future, and that's going to be the …”
Aug 28, 2017 negative
Egan: Betterment will not make capacity-constrained hedge funds a core offering
“I don't foresee us Making that a core part of our value prop. If only because our mission is to democratize a lot of the higher end wealth management things. And those are almost always capacity constrained or exclusivity plays, right?”
Aug 28, 2017 bearish
Egan: Excitement about an investment is a warning sign for investors
“If you're excited about what you're investing in, you should worry. Right? If you're kind of like, oh, I'm doing this thing, it's pretty standard, you know, like, it's not very exciting, you're gonna stick with it. You don't, you're not motivated to monitor it…”