Chief Investment Strategist at Pension Partners, LLC

Michael A. Gayed, CFA is the Chief Investment Strategist at Pension Partners, LLC.

As Chief Investment Strategist, Michael helps to structure portfolios to best take advantage of various strategies designed to maximize the amount of time and capital spent in potentially outperforming ... more

ALL CONTRIBUTIONS

Everything Is About To Change (Again)
Since the election, markets have been under a severely delusional state. The narrative has been beautifully simple and elegant; President Trump is going to juice the economy through deregulation, tax cuts, and healthcare reform.
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Extremes Trump Tranquility
The degree to which misinformation is spread and believed is remarkable. What is even more incredible is the extent to which people fall for small sample and recency bias.
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The Real Enemy, And It’s Disturbing
The amount of misinformation being spread daily is nothing short of remarkable. What does this have to do with investing? Absolutely everything. At some point, the market prices in the actual truth, but only after overreacting in both directions.
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Am I The Only Nervous One?
We went from immense fear over a Donald Trump presidency to historic calm. We went from “America first” to emerging markets far outperforming.
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The Passive Investing Bubble Is Real
There is no question that the stats back up the idea that passive strategies have more often than not beaten active ones.
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Make Normalization Great Again
I’ve had numerous conversations with financial advisers over the last several weeks about the current state of markets. The consensus is that bonds will continue to sell off and we are at the cusp of another major secular thrust for equities.
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STOCKS I FOLLOW

AOM iShares S&P Moderate Allocation Fund
DIA SPDR Dow Jones Industrial Average
EEM iShares MSCI Emerging Markets Index
GLD SPDR Gold Trust ETF
SPY SPDR S&P 500
XLY Consumer Discretionary Select Sector SPDR

TWEETS

PERSONAL BLOG

Latest Posts
The Dow Already Hit 150,000 – But You Still Can’t Retire Comfortably
There is no doubt that there is a retirement crisis in America, but the fix isn’t the Dow hitting 150,000. The fix is you.

Work Experience

Pension Partners, LLC
Chief Investment Strategist
September 2010 - Present (7 years 4 months)
• Develop investment strategies and perform analysis on various asset classes • Monitor existing client asset allocations and provide portfolio recommendations • Publish articles related to stocks, bonds, commodities, and currencies to develop firm awareness
Portfolio Manager
ACE & Company
December 2009 - September 2010 (10 months)
• Responsible for public equities long/short portfolio investing in equities across the U.S. and in emerging markets • Implement an institutional-quality investment management process for research and trading • Work with and manage equity analysts located in Thailand who are focused on making stock recommendations • Develop reports designed to pinpoint existing market dislocations
Business Development Consultant
Pension Partners, LLC
August 2009 - December 2009 (5 months)
• Establish new investment portfolio composite to begin creating a live and verifiable track record for future clients • Create marketing plan outlining ways to increase asset growth and implement branding strategy • Work with CFP to develop new presentation material explaining investment process and firm offerings • Attend meetings with prospective investors detailing asset allocation methodology
Portfolio Strategist and Research Analyst
AmeriCap Advisers, LLC
June 2004 - September 2008 (4 years 4 months)
• Voted on investment decisions that affected $275+ million in institutional assets under management • Researched stocks and provided recommendations based on fundamental, technical, and economic analysis • Automated stock screening and summarized investment committee discussions • Monitored portfolio and alerted team to potential risk factors using proprietary models • Presented investment process to several consultants, resulting in the addition of $20+ million in assets
Portfolio Manager
Albert Asset Management, LLC (Subsidiary of AmeriCap Advisers, LLC)
January 2007 - January 2007
• Launched long/short equity hedge fund, working with lawyers to develop the offering memorandum • Developed proprietary investment methodology based upon academic and internal research • Actively managed portfolio with $2+ million in assets consisting of five high net-worth clients • Generated positive returns for 2007 despite the volatility caused by the credit crisis • Allocated funds through systematic and dynamic sector rotation to identify long and short stock opportunities

Education

New York University - Leonard N. Stern School of Business
B.S.
2000 / 2004
Double Major in Finance & Management

Publications

Intermarket Analysis and Investing: Integrating Economic, Fundamental, and Technical Trends
Michael Gayed
CreateSpace Independent Publishing Platform
10/15/1990
This eye-opening book brings together today's most relied upon tools of market analysis. Michael E.S. Gayed clearly explains how this powerful combination of major schools of thought of market analysis can help investors dramatically improve their judgment on likely market performance and spot important trends, thereby making successful investment decisions.