ASSOCIATION OF FINANCIAL PROFESSIONALS 2018 ANNUAL … 1 AFP Gar… · $3,786,241 [VALUE] -500,000....

13
ASSOCIATION OF FINANCIAL PROFESSIONALS 2018 ANNUAL WINTER SEMINAR

Transcript of ASSOCIATION OF FINANCIAL PROFESSIONALS 2018 ANNUAL … 1 AFP Gar… · $3,786,241 [VALUE] -500,000....

Page 1: ASSOCIATION OF FINANCIAL PROFESSIONALS 2018 ANNUAL … 1 AFP Gar… · $3,786,241 [VALUE] -500,000. 1,000,000. 1,500,000. 2,000,000. 2,500,000. 3,000,000. 3,500,000. 4,000,000. Jun-11.

ASSOCIATION OF FINANCIAL PROFESSIONALS 2018 ANNUAL WINTER SEMINAR

Page 2: ASSOCIATION OF FINANCIAL PROFESSIONALS 2018 ANNUAL … 1 AFP Gar… · $3,786,241 [VALUE] -500,000. 1,000,000. 1,500,000. 2,000,000. 2,500,000. 3,000,000. 3,500,000. 4,000,000. Jun-11.

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Overnight Benchmark Cash Investment Strategy

Stabilizing Earnings When Its Needed Most

For illustration purposes only

Page 3: ASSOCIATION OF FINANCIAL PROFESSIONALS 2018 ANNUAL … 1 AFP Gar… · $3,786,241 [VALUE] -500,000. 1,000,000. 1,500,000. 2,000,000. 2,500,000. 3,000,000. 3,500,000. 4,000,000. Jun-11.

[VALUE]

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Cummulative Overnight Benchmark Earnings

Which Earnings Curve Do You Want To Be On?

Page 4: ASSOCIATION OF FINANCIAL PROFESSIONALS 2018 ANNUAL … 1 AFP Gar… · $3,786,241 [VALUE] -500,000. 1,000,000. 1,500,000. 2,000,000. 2,500,000. 3,000,000. 3,500,000. 4,000,000. Jun-11.

$3,786,241

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Cummulative Cash & Investment Earnings Cummulative Overnight Benchmark Earnings

Incremental Earnings

$2,424,342

Which Earnings Curve Do You Want To Be On?

Page 5: ASSOCIATION OF FINANCIAL PROFESSIONALS 2018 ANNUAL … 1 AFP Gar… · $3,786,241 [VALUE] -500,000. 1,000,000. 1,500,000. 2,000,000. 2,500,000. 3,000,000. 3,500,000. 4,000,000. Jun-11.

U.S. Treasury Yield Curve

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Normal Range

Anomaly

Historical Yield of the 10 Year Treasury Note

Source: Yale University, Robert Shiller

Page 6: ASSOCIATION OF FINANCIAL PROFESSIONALS 2018 ANNUAL … 1 AFP Gar… · $3,786,241 [VALUE] -500,000. 1,000,000. 1,500,000. 2,000,000. 2,500,000. 3,000,000. 3,500,000. 4,000,000. Jun-11.

0.01%

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3m1y 2 y 3y 5y 7y 10y 30y

6/30/2015Source: Thompson/Reuters

U.S. Treasury Yield Curve

Page 7: ASSOCIATION OF FINANCIAL PROFESSIONALS 2018 ANNUAL … 1 AFP Gar… · $3,786,241 [VALUE] -500,000. 1,000,000. 1,500,000. 2,000,000. 2,500,000. 3,000,000. 3,500,000. 4,000,000. Jun-11.

2.41%

2.87% 3.14%

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1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

3m1y 2 y 3y 5y 7y 10y 30y

12/6/2018 6/30/2015Source: Thompson/Reuters

U.S. Treasury Yield Curve

Page 8: ASSOCIATION OF FINANCIAL PROFESSIONALS 2018 ANNUAL … 1 AFP Gar… · $3,786,241 [VALUE] -500,000. 1,000,000. 1,500,000. 2,000,000. 2,500,000. 3,000,000. 3,500,000. 4,000,000. Jun-11.

$1mm Overnight

Investment Investment on 6/30/2015 $1,000,000 Total Compounded Income: $30,600 Mark to Market Gain / (Loss) $0

Net Investment Results $30,600

Comparing Investment Options

Source: Federal Reserve Bank of St. Louis & SNL Financial

Page 9: ASSOCIATION OF FINANCIAL PROFESSIONALS 2018 ANNUAL … 1 AFP Gar… · $3,786,241 [VALUE] -500,000. 1,000,000. 1,500,000. 2,000,000. 2,500,000. 3,000,000. 3,500,000. 4,000,000. Jun-11.

$1mm Overnight

Investment

$1mm 10 year Treasury Note

@ 2.49% Investment on 6/30/2015 $1,000,000 $1,000,000 Total Compounded Income: $30,600 $117,034 Mark to Market Gain / (Loss) $0 ($16,416)

Net Investment Results $30,600 $100,618

Comparing Investment Options

Source: Federal Reserve Bank of St. Louis & SNL Financial

Page 10: ASSOCIATION OF FINANCIAL PROFESSIONALS 2018 ANNUAL … 1 AFP Gar… · $3,786,241 [VALUE] -500,000. 1,000,000. 1,500,000. 2,000,000. 2,500,000. 3,000,000. 3,500,000. 4,000,000. Jun-11.

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Cummulative Cash & Investment Earnings Cummulative Overnight Benchmark Earnings

Earnings Curve

Page 11: ASSOCIATION OF FINANCIAL PROFESSIONALS 2018 ANNUAL … 1 AFP Gar… · $3,786,241 [VALUE] -500,000. 1,000,000. 1,500,000. 2,000,000. 2,500,000. 3,000,000. 3,500,000. 4,000,000. Jun-11.

The only function of economic forecasting is to make astrology look respectable.

John Kenneth Galbraith

Page 12: ASSOCIATION OF FINANCIAL PROFESSIONALS 2018 ANNUAL … 1 AFP Gar… · $3,786,241 [VALUE] -500,000. 1,000,000. 1,500,000. 2,000,000. 2,500,000. 3,000,000. 3,500,000. 4,000,000. Jun-11.

Focus on what makes a difference

Page 13: ASSOCIATION OF FINANCIAL PROFESSIONALS 2018 ANNUAL … 1 AFP Gar… · $3,786,241 [VALUE] -500,000. 1,000,000. 1,500,000. 2,000,000. 2,500,000. 3,000,000. 3,500,000. 4,000,000. Jun-11.

517 Church St // Franklin TN 37064 // 615-716-7010 www.wellspringfinancialsolutions.com // [email protected]

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mailto:[email protected]

HAULROAD CONSTRUCTION EBOOK - Dust-A-Side · 2017-08-14 · CAT 785 Watercart $4,000,000 2 $8,000,000 0 $0 CAT 24M Grader $4,000,000 1 $4,000,000 0 $0 Wearing Course Material $50

HAULROAD CONSTRUCTION EBOOK - Dust-A-Side · 2017-08-14 · CAT 785 Watercart $4,000,000 2 $8,000,000 0 $0 CAT 24M Grader $4,000,000 1 $4,000,000 0 $0 Wearing Course Material $50

An Opportunity for Growth Opportunity Summary $4,000,000 @ 18%

An Opportunity for Growth Opportunity Summary $4,000,000 @ 18%

HIGHLIGHTS - Microsoft...7. Little Manor, lower Woodford, 5 bedrooms. guide price: £2,500,000 8. Skyers Farm, ramsdell, plot for 6 bedroom house. guide price: £2,500,000 6 country

HIGHLIGHTS - Microsoft...7. Little Manor, lower Woodford, 5 bedrooms. guide price: £2,500,000 8. Skyers Farm, ramsdell, plot for 6 bedroom house. guide price: £2,500,000 6 country

Te Tahi Mari 4,000,000 People 70,000,000 Sheep

Te Tahi Mari 4,000,000 People 70,000,000 Sheep

The European Commission s science and knowledge service · profiles of EU 2015 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000

The European Commission s science and knowledge service · profiles of EU 2015 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000

Offering Memorandum $3,500,000 · 2017. 9. 28. · 4300 NE 55th St. Seattle, WA 98105 Offering Memorandum $3,500,000 Investments Highlights • Rare Sandpoint Location • 1,650sf

Offering Memorandum $3,500,000 · 2017. 9. 28. · 4300 NE 55th St. Seattle, WA 98105 Offering Memorandum $3,500,000 Investments Highlights • Rare Sandpoint Location • 1,650sf

DC change projects · 1 £3,500,000 £3,000,000 £2,500,000 £2,000,000 £1,500,000 £1,000,000 £500,000-£500,000 £0 2345 67 89 10 YEAR SAVINGS CUMULATIVE SAVINGS Typically, on

DC change projects · 1 £3,500,000 £3,000,000 £2,500,000 £2,000,000 £1,500,000 £1,000,000 £500,000-£500,000 £0 2345 67 89 10 YEAR SAVINGS CUMULATIVE SAVINGS Typically, on

A Case Study in Business Resilience · 20 due to UK travel restrictions. CASH (EXCLUDING ID FACILITY) -500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000

A Case Study in Business Resilience · 20 due to UK travel restrictions. CASH (EXCLUDING ID FACILITY) -500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000

Growth in Megacitiesa - University of Texas at Austin...Los Angeles 4,000,000 12,900,000 14,200,000 Dhaka 400,000 10,000,000 19,000,000 Mexico City 3,500,000 17,600,000 19,000,000

Growth in Megacitiesa - University of Texas at Austin...Los Angeles 4,000,000 12,900,000 14,200,000 Dhaka 400,000 10,000,000 19,000,000 Mexico City 3,500,000 17,600,000 19,000,000

Board Special Meeting - Seattle Public Schools · buses (could result in loss of revenue, TBD) $0 12 Central Reductions $2,500,000 13 Fall Enrollment Adjustments and mitigations $4,000,000

Board Special Meeting - Seattle Public Schools · buses (could result in loss of revenue, TBD) $0 12 Central Reductions $2,500,000 13 Fall Enrollment Adjustments and mitigations $4,000,000

2600 B.C. 2,500,000 B.C.. 1,600,000 B.C. 40,000 B.C.. 1 CHAPTER Time Line 4,000,000 B.C. 2500 B.C. 3000 B.C. The Peopling of the World, Prehistory–2500.

2600 B.C. 2,500,000 B.C.. 1,600,000 B.C. 40,000 B.C.. 1 CHAPTER Time Line 4,000,000 B.C. 2500 B.C. 3000 B.C. The Peopling of the World, Prehistory–2500.

Encouraging the efficient use of land and infrastructure and … · Melbourne Metropolitan Policy Figure 13 Past and projected population changes by type of suburb 4,000,000 3,500,000

Encouraging the efficient use of land and infrastructure and … · Melbourne Metropolitan Policy Figure 13 Past and projected population changes by type of suburb 4,000,000 3,500,000

2013 CEO Strategy Summit Master - Nelson Mullins Riley ......$1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 0 5 10 15 20 Year Long-Term Impact of Fees

2013 CEO Strategy Summit Master - Nelson Mullins Riley ......$1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 0 5 10 15 20 Year Long-Term Impact of Fees

REPORT ON EXAMINATION OF THE AMERICAN STEAMSHIP …Protection and Indemnity (“P & I”) Layer 1A 100% Unauthorized (Partner Re) 50% of $4,000,000 excess of $4,000,000 ultimate net

REPORT ON EXAMINATION OF THE AMERICAN STEAMSHIP …Protection and Indemnity (“P & I”) Layer 1A 100% Unauthorized (Partner Re) 50% of $4,000,000 excess of $4,000,000 ultimate net

Attachment Z2 Payment Plan and Interest...Total Amount Payable $ (4,000,000) Payable Subtotal - Single Payment $ (1,500,000) Annual Rate 3.25% Payable Subtotal - Payment Plan $ (2,500,000)

Attachment Z2 Payment Plan and Interest...Total Amount Payable $ (4,000,000) Payable Subtotal - Single Payment $ (1,500,000) Annual Rate 3.25% Payable Subtotal - Payment Plan $ (2,500,000)

3,500,000 Shares Common Stock $9.00 per share

3,500,000 Shares Common Stock $9.00 per share

Chapter 12 Long-Term Liabilities: Bonds and Notes … 12 Long-Term Liabilities: Bonds and Notes ... 2 Chapter 12 ©2016 Cengage ... $25 par — 2,500,000 2,500,000 Total $10,000,000

Chapter 12 Long-Term Liabilities: Bonds and Notes … 12 Long-Term Liabilities: Bonds and Notes ... 2 Chapter 12 ©2016 Cengage ... $25 par — 2,500,000 2,500,000 Total $10,000,000

PRICED AT ONLY: $3,500,000

PRICED AT ONLY: $3,500,000

Pre-History Chapter 1 PREHISTORIC TIMES Between 4,000,000 B.C. – 3500 B.C. Between 4,000,000 B.C. – 3500 B.C. 1 st sign of hominids 3.6 million years.

Pre-History Chapter 1 PREHISTORIC TIMES Between 4,000,000 B.C. – 3500 B.C. Between 4,000,000 B.C. – 3500 B.C. 1 st sign of hominids 3.6 million years.

DORAL OFFICE/ SHOWROOM FOR SALE · DORAL OFFICE/ SHOWROOM FOR SALE CLASS A BUILDING 17,858 Sq. Ft! $3,500,000 Sale Price: $3,500,000 Lot: 25,740 SF | Size: 12,500 SF • Year Built:

DORAL OFFICE/ SHOWROOM FOR SALE · DORAL OFFICE/ SHOWROOM FOR SALE CLASS A BUILDING 17,858 Sq. Ft! $3,500,000 Sale Price: $3,500,000 Lot: 25,740 SF | Size: 12,500 SF • Year Built: