For immigrants, their descendants, and anyone else looking to learn the unbiased truth about investing, Close the Gap & Get Your Share is a step-by-step guide to generating and passing on wealth in the US.
Despite the American Dream’s promises of prosperity and security, many immigrants still discover a seemingly insurmountable wealth gap upon their arrival to the United States. From Dr. Julio Cacho, Cole Conkling, and Juan Carlos Herrera, managing directors of Inscription Capital, Close the Gap & Get Your Share is a crucial resource that explains US-based investing in a way that makes sense to immigrants (as well as novice investors) and allows them to attain financial prosperity—without jeopardizing their families’ existing resources. This book does away with the usual Wall Street practice of overcomplicating investment advice in favor of fact-based, straightforward strategies that put the reader’s financial well-being first.
Drawing on the authors’ combined four decades of investment experience, Close the Gap & Get Your Share teaches immigrants and their families how to: • Overcome hidden and unnecessary risks common for immigrants and novice investors • Invest in practice, including how to properly balance risk and return • Recognize and understand behavioral biases and overcome them to achieve long-term financial security
For all generations of immigrants and non-immigrants alike motivated to grow their wealth and pass it on, Close the Gap & Get Your Share is a robust guide to closing the ever-growing wealth gap with accessible and distilled financial literacy and strategy.
About the Author
Dr. Julio Cacho is the founder and chief investment officer of Quantor Capital, a Houston-based asset manager, and the co-chief investment officer of Inscription Capital, a registered investment advisory firm managing over $1.4 billion. He provides highly personalized financial advice to family offices, financial advisors, bankers, asset managers, institutions, and wealthy individuals on their investment portfolios and financial products. Julio was born in Puebla, Mexico, and after watching many peers and acquaintances fall victim to the common Mexican idiom, “After the third generation, you lose all your money,” he dedicated his life to teaching others about generational wealth and effective investment strategies. He has more than twenty years of combined professional and academic experience in financial statistical research, optimal investment selection, and investment risk management. Julio holds a master of finance and doctor of philosophy in investment portfolios from Princeton University. He received a BSC in actuarial science and an MA in economics with highest honors from ITAM in Mexico City.
Cole Conkling is a Managing Director at Inscription Capital, a registered investment advisor located in Houston, Texas, which has over $1.4 Billion in assets under management. Cole also serves as a Partner and Managing Director of Quantor Capital, an asset manager, in Houston, Texas. Cole was born and raised in Houston, Texas. He received his B.A. in Biology from The University of Texas at Austin in 2005, and his J.D. from The University of Houston Law Center in 2010, where he graduated cum laude, served as the Energy Editor of The Houston Journal of International Law, and was a member of the Order of the Barons. Cole joined Quantor Capital in April 2019, and Inscription Capital in March 2020. He currently holds a Series 65 license (investment advisor). He is an avid writer of blogs and papers for his two investment firms and is also a co-host of the podcast Now Know This, which covers investing, economics, and investor behavior. Cole lives in Houston, Texas with his wife and two daughters.
Juan Carlos Herrera is a managing director of Inscription Capital and co-host of an upcoming iHeartRadio series on Latinx financial literacy. After graduating from the University of Texas in Austin, Juan Carlos began his financial career in Madrid, Spain, working for a boutique consulting firm. In 2006, Juan Carlos came back to the United States and joined Citigroup, where he held positions in wealth management and private banking for affluent families. In 2008, Juan Carlos left Citi to start a quantitative hedge fund, QL Capital Management. While there, Juan Carlos helped design, develop, and trade unique short-term trading strategies that invested in over eighty markets. Juan Carlos has a BA from the University of Texas at Austin and currently holds a Series 65 license and three FINRA licenses.