Andres Garcia-Amaya, CFA

Founder @Zoefinancial | Helping people grow and protect their wealth | | #Fintech #RIA

[Andres Garcia-Amaya, CFA @andrgarc]

This is the story of how @ZoeFinancial came to be.
https://t.co/IFMmktEzeR

[Andres Garcia-Amaya, CFA @andrgarc]

@fintechjunkie This is a powerful observation that I am guessing only a seasoned investor picks up on it early. I had modeled this "Multipiclative Momentum" and the numbers start to look silly 18 months out...now I have a name for it :)

[Andres Garcia-Amaya, CFA @andrgarc]

@JaredSleeper @jrichlive Happy to chat. I have dedicated my life to solving what you are discussing and have the institutional knowledge to do something scalable about it

[Andres Garcia-Amaya, CFA @andrgarc]

@fintechjunkie in some cases, it's because they don't know it is there..but in others is unfortunately hubris.

[Andres Garcia-Amaya, CFA @andrgarc]

@BrentBeshore I call it "Patience arbitrage"

[Andres Garcia-Amaya, CFA @andrgarc]

@heyalexfriedman Truly knowing who you are (the good, bad, ugly) and still liking yourself. Cause then external praise or hate doesn't affect you as much.

[Andres Garcia-Amaya, CFA @andrgarc]

@jspujji @AskAmex yea, I have seen it become worst over time. do you have any better options?

[Andres Garcia-Amaya, CFA @andrgarc]

@EdrizioCruz 99% just don't do the hard things..so at times you don't need to be a contrarian..just doing the hard things puts you in a different position

[Andres Garcia-Amaya, CFA @andrgarc]

@PeterMallouk @stats_feed

[Andres Garcia-Amaya, CFA @andrgarc]

@EdrizioCruz I like that analogy. But I would say that for some..they go from the running back to the GM over time..which extends the time frame

[Andres Garcia-Amaya, CFA @andrgarc]

@jspujji @Dillydillll (VP of Product) and I went to clients' houses with a shredder and a scanner to help them go through all their old financial folders. We wanted to get a raw picture of what families have to do to get organized. We rode the subway carrying all this heavy equipment

[Andres Garcia-Amaya, CFA @andrgarc]

@SecretCFO Your account is insightful & unique. Hope haters don't dissuade you from posting!

[Andres Garcia-Amaya, CFA @andrgarc]

@snyatta the self view is a big one. I also got rid of it a couple of months back.

[Andres Garcia-Amaya, CFA @andrgarc]

@chrisfralic crazy thought..but could be that the tech startup ecosystem you operate & live in..is not a great representation of the broader job market?

[Andres Garcia-Amaya, CFA @andrgarc]

@modestproposal1 Yea I agree that that is what MJ would say. But that doesn't mean that Giannis can't get similar results with his approach.

[Andres Garcia-Amaya, CFA @andrgarc]

The MBAs asked Qs that they thought would make them seem smart. And they mostly asked Qs to have a moment to share 'what they would do in my place' once my response was given. (Keep in mind that none of them had been founders prior to school.)

[Andres Garcia-Amaya, CFA @andrgarc]

@_NateNorman in my opinion..is about getting them enough exposure to navigate any combo. I don't follow the NFL, but I know that at bbq with other dads during play offss..that is the only topic. So I read 1-2 articles and see the standings before going. Just enough for me to be involved.

[Andres Garcia-Amaya, CFA @andrgarc]

@Austen @Metathea11 @DanielleFong Just to close the loop. Yea government stepped in. Moved over assets to a newly created bank. Record holds of no depositors loosing their money/

[Andres Garcia-Amaya, CFA @andrgarc]

@Austen @Metathea11 @DanielleFong that is if the FDIC has to actually take over the account which hasn't happened since 1934. The FDIC becomes the "receiver" and arranges a different, healthy bank to take over the failed bank's deposits. The FDIC then transfers your money to another FDIC-insured bank.

[Andres Garcia-Amaya, CFA @andrgarc]

@Austen With a default, Equity & bondholders would be wiped. Deposit holders might be stuck without having the ability to withdraw for a few days. But the FDIC would then move those deposits to another bank. There has not been loss of deposits for savers since 1934. Not even in 2008.