Significance of Wealth

Unlocking Wealth Strategies: A Dive into Target Outcome Funds (Ep 2)

Episode Summary

Welcome to another episode of the Significance of Wealth podcast with your host, Tom Ruggie, founder and CEO of Destiny Family Office. In this episode, Tom sits down with Jeff Chang, president of CBOE Vest, to explore the intricate world of target outcome funds and how they’re providing investment solutions that focus on the potential for growth while limiting downside losses.

Episode Notes

Welcome to another episode of the Significance of Wealth podcast with your host, Tom Ruggie, founder and CEO of Destiny Family Office. In this episode, Tom sits down with Jeff Chang, president of CBOE Vest, to explore the intricate world of target outcome funds and how they’re providing investment solutions that focus on the potential for growth while limiting downside losses. 

Join Tom and Jeff as they delve into the fascinating journey of CBOE Vest, a company founded on the belief that “investors crave certainty in their outcomes.” From navigating the financial services industry to creating target outcome funds managing $21.7 billion in assets, Jeff shares insights that resonate with both seasoned investors and those new to the field.

Key Points Covered:

• The evolution of CBOE Vest and the factors that shaped its success.
• Jeff Chang's background, from a mortgage trader to co-founding CBOE Vest.
• The significance of utilizing exchange-traded options in wealth management.
• Destiny Family Office’s relationship with Chicago Board Options Exchange (CBOE) and First Trust Capital Partners, which add significant investment capabilities to the firm.
• Introduction to the Destiny Target Outcome Fund and its unique approach to income generation and downside protection.
• Simplifying the complexity of target outcome funds for investors.
• The dual strategy of generating income and protecting against market downturns.
• Retaining upside potential while covering a portion of the portfolio with options.
• The use of weekly options for accelerated decay and premium generation.
   

This episode provides a comprehensive understanding of target outcome funds and how investors can navigate the complex world of options to help achieve their financial goals. Learn practical strategies for income generation, downside protection, and what it might take to retain upside potential in an ever-changing market.

Tune in to this episode to unlock the secrets behind investment strategies and gain valuable insights into the world of target outcome funds. Don't miss out on this opportunity to redefine the significance of wealth in your financial journey.