Episode 82: Christian Tiscareno a Wealth Advisor at Blue Pointe
Welcome to another episode of the Pandocap Show. Today we have Christian Tiscareno, a Wealth Advisor at Blue Pointe Capital.
Christian has a broad range of experience within the financial industry spanning from foreign exchange research with DailyFX, to commercial banking at Wells Fargo, to investment management, where he has served clients in a fiduciary capacity throughout his entire career. He enjoys utilizing a broad range and network of expertise to help entrepreneurs, executives, and VCs understand their investment options and customize portfolio strategies tailored to their personal financial goals and objectives. Prior to BluePointe Capital Management, Christian was an Investment Counselor at Fisher Investments. He received his B.S. in Business Administration from the Haas School of Business and his B.A. in Economics from UC Berkeley, where he was a Bill Gates Millennium Scholar. Outside of the office, Christian enjoys leading the Bill Gates Millennium Scholars Alumni Chapter in San Francisco. The chapter is a branch of the Gates Millennium Scholarship Program, which has provided a full-ride scholarship - up to a PhD - to 20,000 talented students across the US over the past 20 years.
Q: Can you please share a little bit about your journey with our audience?
A: So a bit about myself, I’m a native Californian. I grew up in the central valley in Clovis, California, and have lived up and down the state. I have lived down in San Diego and I recently moved to San Francisco about a year ago so really enjoying being back in the Bay Area. Really my journey has been one of interest in financial markets from a young age. When I was 17 I first got really interested in investing. It’s kind of funny how it happened. It probably wasn’t a time when a lot of people were excited to invest. But during the great financial crisis, I just remember being in high school and being constantly bombarded by very negative news regarding the markets. I figured if everything fell apart the way the news was saying it would, I probably wouldn’t need money anymore and was probably better off getting a pitchfork and finding some seeds and a way to set up a stake in the mountains. So I figured if the worst-case scenario did materialize, I might as well just invest my money. That’s really how I got started trading and I got really lucky. I got in at a pretty good time and very quickly was able to learn the wisdom behind Warren Buffet’s quote, “you want to be greedy when others are fearful and fearful when others are greedy.” Seeing that success early on in investing at a young age really solidified in my mind the power of investing. So throughout my career, I’ve really been focused on learning more about financial markets and learning how to be a better investor.
Today I am at Blue Point Capital I’m a wealth advisor where we specialize in working with executives, entrepreneurs, and VCs and help them create custom-tailored investment strategies that are tax-efficient and ultimately help them achieve long-term financial goals and objectives.
Q: What are some major changes you are seeing in the markets in 2021?
A: We’re likely to continue seeing a rotation into small-cap and value. Generally speaking at the beginning of a new bull market cycle that’s where we tend to see the most deals. The stocks that have been heating up the most, tend to offer the most upside during a recovery. When we take a look at where we are now compared to last year when we had a great year in performance for the NASDAQ and for technology stocks. This year we’re seeing a lot of reallocation and rebalancing. That’ll certainly be one change that I think has some room to run. But I do think there’s going to be some interesting changes within the technology sector as well.
Over the long haul, secular growth trends do benefit technology. However, one of the challenges that technology stocks will face will be the increase in equity supply within the technology sector this year. So if we look at the past 6 months we have seen more equity supply within the technology sector than we saw during the first tech boom in 1999. Like any other market, securities markets are going to be dictated by the forces of supply and demand. All else equal, if we see the supply of technology shares increase, I think that puts downward pressure on prices. One of the challenges for the technology sector would really be this continuation of IPOs creating more equity supply. At the end of the day, if we see supply increase and demand remains relatively stable, we would expect prices to decline or maybe not go up as much as other sectors.
Q: You have created a great career for yourself. Looking back, what would you tell your younger self?
A: I’ve always been a bit of a perfectionist and unfortunately that’s caused a lot more worry, anxiety, and sleepless nights than I actually needed. Looking back I’d tell myself that at the end of the day, whether it's your own career or investing, you need to be an optimist and you need to have faith in the future. You don’t necessarily need to know how things are going to get better, why things are going to get better, or when things will get better, but things always do get better. As long as you’re continuing to do good, continuing to put good out there, working hard, keeping your head down, and doing the best that you can, there’s no need for you to worry. Get a little bit more sleep at night and keep doing what you’re doing.
Thank you so much for coming to the Pandocap Show. We really appreciate all the insights you shared with us and the community and we hope to have you back again.