Joao Frasco

Chief Investment Officer. BSc, MBA, CFA, CIPM, FASSA, FIA, CAIA.
Building at the intersection of asset management, AI and systems.

[Joao Frasco @joaofrasco]

@bot @bot set this up for me

[Joao Frasco @joaofrasco]

@aelluswamy @DillonLoomis 🤡😝

[Joao Frasco @joaofrasco]

@elonmusk I’m struggling to buy one in South Africa 😢

[Joao Frasco @joaofrasco]

@OpenAI Why can’t LLMs make sounds and noises? You would think this would be a great use case for multimodal models.

[Joao Frasco @joaofrasco]

Tesla to the moon!

[Joao Frasco @joaofrasco]

@elonmusk Please make a poll of success or failure

[Joao Frasco @joaofrasco]

@Teslaconomics Lisbon, Portugal

[Joao Frasco @joaofrasco]

@Teslarati @zacharyvisconti I estimate walking speed @ 1.8 km/h

[Citywire South Africa @CitywireSA]

Inn8 wins the overall Citywire South Africa #DFM Award for 2023. Citywire South African staged its DFM Awards at a gala ceremony at the Mount Nelson Hotel in Cape Town. https://t.co/BlED0F1SLH

[ActuarialSocietyofSA @ActuarialSa]

Interesting profile on Costa Economou, incoming President of @ActuarialSa, written by @Scranston.

[ActuarialSocietyofSA @ActuarialSa]

The incoming President of @ActuarialSa and CEO of @ColourfieldZa, Costa Economou, told actuaries attending the 50th ASSA Convention in Jhb this morning that public interest must trump all other considerations when actuaries deliberate some of SA's most pressing challenges. 🧵

[FAnews Online @FAnews_Online]

New actuarial research identifies how different investment strategies may prevent capital erosion in living annuities - https://t.co/RN0QHfSoxL

Adopting an aggressive investment strategy in retirement seems counterintuitive. New actuarial modelling shows, however, that most living annuity investors need to consider higher equity exposure together with lower drawdown rates to avoid running out of money.

@ActuarialSa

[ActuarialSocietyofSA @ActuarialSa]

Investment actuary @joaofrasco "bootstrapped" 20-year investment returns to show how probabilities of success for living annuity investors are influenced by choices of withdrawal rates & investment strategies. The findings are fascinating: https://t.co/ZcBmHdS1Ap

[ActuarialSocietyofSA @ActuarialSa]

Please join us for the @ActuarialSa Retirement Matters Sessional on 19 September, where @joaofrasco will share insights from research into the probabilities of success for different living annuity drawdown rates across different investment strategies.

[kevin lings @lingskevin]

SA Reserve Bank kept rates unchanged at 8.25%. Recent improved inflation data has helped. The Bank beliefs inflation will be back at the mid point of the target by Q3 2025. Overall a good decision, and not necessarily the peak of interest rates depending on the inflation outcomes

[kevin lings @lingskevin]

SA inflation back inside target at 5.4%. Food inflation still a problem at 11.1%, but overall inflation rate trending lower. The sharply higher electricity price increase of 18% is not yet reflected in the data. Less chance of a rate hike tomorrow but Bank will remain cautious

[kevin lings @lingskevin]

US inflation slowed encouragingly to 3% in Jun, helped by slowdown in food, used cars, and shelter. Core inflation still elevated at 4.8%, but also slowed. Base effect played a significant role, but still a good outcome. Fed expected to hike this month, but that likely the peak

[Joao Frasco @joaofrasco]

Safe Withdrawal Rates from Living Annuities in South Africa: Post 7 (All-Share Index / ignoring Mortality)

Finally, as promised, let us begin looking at the results by considering the probability of success over given periods, ignoring mortality, if the…https://t.co/iJi6hUcw6y

[Joao Frasco @joaofrasco]

Safe Withdrawal Rates from Living Annuities in South Africa: Post 6 (Nominal & Real Returns)

Before looking at the results as promised in the last post, I need to show one last set of assumptions, which are the real return expectations for each of the in…https://t.co/ovRLa6WtU3

[Joao Frasco @joaofrasco]

Safe Withdrawal Rates from Living Annuities in South Africa: Post 5 (Life Expectancy & Probability of Surviving)

We are going to begin by looking at the results of the simulations ignoring mortality (in the next post), but before we do, we may want to un…https://t.co/S8aKyzbpW7