Andrew Wang

Andy Wang is a Managing Partner at Runnymede Capital Management and host of the Inspired Money Podcast. He has been named among the INVESTOPEDIA 100: Most Influential Advisors, Top 100 Most Social Financial Advisors by Brightscope, and has appeared on Reuters TV, The Huffington Post, Barron's, and Forbes. Runnymede is a fee-only registered investment adviser (RIA) to captive insurance, pension funds, 401(k) plans, non-profits, and individuals. Andy is married, has three children, and can be periodically found performing Hawaiian guitar in the New York tri-state area. <more info>

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Recent Posts

Visual of the World's Money and Markets [infographic]

Today, when you hear people talk about money, from politicians to central bankers, there are a lot of zeros involved. Hundreds, Thousands, Millions, Billions, Trillions... do you know what comes next? Quadrillions.

Rather than look at a single overwhelming number, you can get a better feel by starting with a familiar reference point and then doing a relative comparison. For global asset classes, it does not get much clearer than this infographic created by Jeff Desjardins of the Visual Capitalist.

Will #YOLO Ruin Your Retirement? It Doesn't Have to.

Many lifestyle gurus have sold the idea of living for the moment and that we should only do that which makes us feel good.  Looking at Instagram and you'll find 27.8 million pictures with the hashtag #YOLO, the acronym for "you only live once." This phrase indicates a desire to live in the moment, and in extreme circumstances as an excuse for bad or risky behavior.

It sounds alluring until you look at the data about retirement-readiness. According to the Bankrate.com 2018 Retirement Savings survey, 42 percent of Americans have less than $10,000 saved. That means an alarmingly high number of people will go broke and outlive their money. It is evident that a YOLO approach to life gets complicated when it comes to money.

The Podcast Explosion. Are You Listening?

Three and a half years ago, two of my cousins separately asked me, "Are you listening to Serial?" I had no idea what they were talking about. "The podcast," they continued. "It's so good. You should listen to it."

401K Providers: 2017 Top 10 Lists

Companies that offer employees a 401(k) plan have many choices when selecting service providers for defined contribution plans. The challenge for many businesses, especially those small- and medium-sized, is that day-to-day operations leaves little time to review, monitor, and optimize their retirement plan on a regular basis. The result is that many plan sponsors lack a comprehensive understanding of who the top 401k providers are. Because your plan assets change due to financial market conditions and retirement plan contributions, it's important for plan sponsors to understand the service provider landscape and ensure that their plan is with the best provider for their participants (employees.)

PLANSPONSOR magazine conducts an annual recordkeeping survey and in 2017 profiled 55 leading providers that represent more than $6 trillion in assets and are estimated to account for 85% of the total defined contribution market.

Here's their list of the 2017 top 401(k) providers and my thoughts.

 401(k) Trends for Business Owners [infographic]

The Plan Sponsor Council of America (PSCA) released its 60th Annual Survey of Profit Sharing and 401(k) Plans this week. The good news is that participation rates in retirement plans, including defined contribution profit sharing and 401(k) plans, rose steadily. This means that more employees are taking advantage of their employer sponsored retirement benefits. Plan sponsors also continue to employ plan features like automatic enrollment, auto-escalation, and Roth 401(k)s to assist employees to grow their retirement savings.

See How Amazon's 100,000 Robots Prep Your Package for Delivery

While you may not yet be ready for a medical exam by Dr. Robot, odds are that some of the packages you're receiving this holiday season will be prepped by a robot. Watch this incredible video.

Why does the market keep going up? It's earnings.

Last August, Chris visited the Reuters TV set.  Yesterday, I had the pleasure of dropping in at Reuters TV in Times Square to talk markets with anchor Fred Katayama. We talk bank earnings, S&P 500 earnings, and Costco.

Why Start A Business Podcast?

This week, we are excited to announce the launch of the Inspired Money podcast.  The idea of producing a podcast began when I attended FinCon Masters New York where I met business podcasters Philip "P.T." Taylor, James Altucher, and Farnoosh Torabi.  I hope to see them again next month at FinCon Dallas because my article What Financial Health Means to Me was named one of 10 winners of a national #FinHealthMatters Day essay contest granting me entry to the the world’s largest financial content expo.

Why Emerging Markets Remain A Strong Buy Despite Huge 2017 Rally

Thank you Ky Trang Ho for quoting Runnymede in her Forbes article published today.  An excerpt is below.  Click the link for the full article.

Why Turning Off The News Can Make You a Better Investor

I'm out on the West Coast this week for a series of business meetings, and I brought a book.  Call me old school.  Putting in earplugs and settling in with a good book is a great way to fly, a welcome break from the usual screen time, and it conserves my iPhone battery.  Sure, the seats are cramped, lousy food costs extra, and flight delays are routine.  Yet, the earplugs block out the noise in the sky.  And being 35,000 feet up for several hours, without internet, blocks out the noise below.

IMPORTANT DISCLOSURE INFORMATION 

Please remember that past performance may not be indicative of future results.  Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Runnymede Capital Management, Inc.-"Runnymede"), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful.  Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions.  Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Runnymede.  Please remember that if you are a Runnymede client, it remains your responsibility to advise Runnymede, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Runnymede is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of the Runnymede's current written disclosure Brochure discussing our advisory services and fees is available for review upon request. Please Note: Runnymede does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Runnymede's web site or blog or incorporated herein, and takes no responsibility for any such content. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.