{"id":75,"date":"2020-01-23T15:02:00","date_gmt":"2020-01-23T23:02:00","guid":{"rendered":"https:\/\/yourdf.net\/?p=75"},"modified":"2022-10-21T07:53:20","modified_gmt":"2022-10-21T14:53:20","slug":"the-last-decade-and-the-next-decade","status":"publish","type":"post","link":"https:\/\/yourdedicatedfiduciary.com\/?p=75","title":{"rendered":"The Last Decade & The Lost Decade"},"content":{"rendered":"

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The transition into 2020 marked the beginning of not only a new year, but a new decade. It also started the very short time clock to when I turn the big 4-0. Yes, the big FOUR ZERO. This \u201cnew year, new decade, wow this is forty\u201d thinking prompted reflection on the last decade \u2013 and the \u201clost decade\u201d \u2013 both of which I\u2019ll discuss on stage at *Inside ETFs.<\/p>\n

In mid-2007, I began serving as an alternative investment consultant to leading private wealth and retail financial advisors. In that role, I would introduce alternative investments as diversifiers or \u201chedges\u201d aimed at delivering portfolio diversification. Many advisors metaphorically told me to pound sand because the economy was \u201cbooming\u201d. What was so fascinating is how many of these same advisors were calling me in early 2009 wanting to invest their clients\u2019 money into the very strategies that had weathered the storm of 2008. Looking back, that\u2019s like putting a seatbelt on after a crash.<\/p>\n

The term \u201clost decade\u201d emerged after 2008 when charts depicted how equities were flat from the Dot Com era peak to the Credit Crisis peak (excluding dividends). In the first few post-2008 years, alternatives were a hot dot: advisors and investors were often drawn to their performance during the lost decade. Several asset managers began providing so-called \u201cliquid alts\u201d and the number of offerings ballooned. I found myself on the forefront of the evolution of alternative investments from private placements into \u201cliquid alternative\u201d mutual funds and felt very fortunate to spend time with many well-known economic thought leaders. I also learned way more than I bargained for about financial advisors and the inner workings of the financial services industry.<\/p>\n

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