By Mark ZandaSource Bloomberg title Mark Zandias picks up his investment certificate class article By MARK ZANDIAS, APAuthor of the new book The Intelligent Investor, Mark Zaidi has made it a mission to provide investors with all the tools they need to be successful.
In a speech to investors and analysts at a conference in Las Vegas last week, the chairman of the investment company BMO Capital Markets said that he wanted to take on the big names in the market and make them understand that they have to be much more disciplined and take their own advice and buy their own stocks.
For a company that has seen its shares soar since the start of the year, BMO has seen profits and revenue slide significantly.
That has been attributed to a series of factors, including a sluggish economy and a slowdown in China, the world’s largest economy, as well as concerns about rising health care costs and the rising costs of college tuition.BMO’s portfolio of $8.5 trillion of publicly traded companies has declined by about 8 percent this year, the biggest decline among the big-name stock indexes.
The company also reported a loss on the sale of $1.6 billion of its stake in the company it oversees.
Zandi, who joined BMO in 2004, is a longtime champion of investing, and he recently published the book The Insider, which focuses on how to be a successful investor.
He’s one of the leading voices in the industry, and a frequent guest on CNBC and Bloomberg TV.
His latest book, The Intelligent Asset Investor, is aimed at younger investors who are increasingly turning to investing for financial freedom and self-sufficiency.
He said he wanted his book to help them understand the ins and outs of investing and what it takes to be an expert.
“I think it’s a pretty broad topic, but I really want to take it to the younger generation,” Zandi said.
“There’s a lot of information that they’re not getting from a lot, and I think that’s a problem.”
It’s a little bit of a mixed bag, but it’s certainly an area that I think needs to be more widely disseminated and more widely promoted.
“Investors can also look to BMO’s own portfolio of investments, including its $4.8 trillion portfolio of mutual funds, according to a presentation in September that outlined the firm’s portfolio.
In the presentation, the firm said that its total assets are about $6 trillion, including $2 trillion in cash, $4 trillion in securities and $2.4 trillion of short-term investment vehicles, including ETFs, ETFs and ETFs-style instruments.
The portfolio includes about 1.2 trillion securities, representing about one-third of all assets held in the U.S. The fund also includes some of the world-leading mutual fund companies.
Zandias is also a board member of BMO Asset Management LLC, a company he founded in 2001 that oversees about $2 billion in assets.
His portfolio includes $3.5 billion of the ETF portfolio, which includes Vanguard, Fidelity and other major mutual fund funds.
The firm has not yet posted financial results for the year.
But in a statement, the company said that Zandi’s recommendations on investing are backed by more than 1,200 studies and other research.”
The investment choices and decisions made by our employees, partners and advisors are based on our own analysis of the market, the market’s data, and the investment data we receive from our clients,” the statement said.