On the heels of my recent post “What Are Kerchunker Companies? 5 Reasons Why You Should Like Them,” please watch this recent CNBC interview of Mike Smerklo, Chairman and CEO of ServiceSource. Many high tech companies are realizing what IBM did 20 years ago. The information technology industry can rapidly become commoditized so IBM determined that the company needed to shift its portfolio to a more balanced mix of high-value offerings. That meant a transition away from products (hardware) and growing its services and software businesses. Today, the cloud is enabling companies to offer Software as a Service (SaaS) which often boasts better customer retention and more recurring revenue.
What Are Kerchunker Companies? 5 Reasons Why You Should Like Them
“”What the heck is a kerchunker® company?”” you ask. Kerchunker is a term trademarked by Runnymede professionals to describe service sector companies that are steady and often have recurring revenue models. Hopefully, each quarter and each year, they grow… kerchunk, kerchunk, kerchunk!
Asset Protection 101: Is the Bear (Market) Coming Out of Hibernation?
Welcome to our Asset Protection 101 series. With exception to diversification, the industry doesn't like to talk about asset protection because it goes against conventional thinking and the way that most advisors operate. However, one size doesn't fit all clients so we will take on these topics in this series.
With the market now 4.5 years into its bull run, investors must ask themselves, “How much longer can the party last?”
5 Shocking Facts about Target Date Funds
If you are a 401(k) participant, it is very likely that you are invested in a target date fund. Vanguard expects that by 2016, 80% of new participants will invest solely in target date funds up from 64% in 2011.
If you aren’t familiar, target date funds combine several mutual funds into one easy to digest fund and are managed to become more conservative as participants move closer to retirement age.
Why I Flashed The Shaka Sign at the NYSE Opening Bell
Congratulations to KraneShares, an ETF company delivering China-focused investment strategies. I am grateful for the invitation and opportunity to celebrate among Krane Fund Advisors' principals, family and friends by ringing The Opening Bell® to mark the July 23, 2013 launch of the KraneShares CSI China Five-Year Plan ETF (NYSE Arca: KFYP).