Bianco Capital Management, LLC

Bianco Capital Management, LLC Bianco Capital Management's mission is to inspire our clients to accumulate wealth through planning,

03/03/2026

I am beyond pleased to announce that Bianco Capital Management, LLC has recently surpassed $3,000,000 in assets under management. Words cannot convey how appreciative I am to my clients, friends and family for the support that has been shown to this firm. From a dream that started at exactly zero, reaching this level is surreal and I’ll be forever grateful.

For those of you who are still sitting on the sidelines thinking about getting a jump start in investing for your family’s future, there is no time like the present to jump on board and grow with us!

03/02/2026

IT’S ABOUT TIME

Here we are again well into the 2026 year. It seems like it was only a few weeks ago that I was writing an update about starting the new year of 2025 and another new beginning of making meaningful life changes for the future. Prioritizing the people and things that are truly important, putting more effort into relationships, being more mindful of focusing on the things that really mattered and likewise not allowing those things that were immaterial to consume my time and energy. I’ve done a decent job sticking with some of last year’s promises while others survived only a few short days. The only thing that is certain regardless of what resolutions I did and didn’t maintain, is that time continues to march on whether we are prepared for it or not.

It was George F. Will that said, “the future has a way of arriving unannounced.” And with each passing year I, and likely you, are realizing just how accurate this statement is. After giving this statement some thought, I have arrived at a new viewpoint. TIME IS OUR MOST VALUABLE ASSET BECAUSE IT’S THE ONLY ASSET WE ACTUALLY HAVE. The only real scarcity in life is TIME. The scarcity of everything else is simply a function of the scarcity of TIME. The money you make is defined by the value of your TIME. Your health is largely dictated by how long you’ve been alive and how you’ve treated your body during that TIME. Even the value of our relationships is defined by the quality of shared experiences across, you guessed it……… TIME.

When recalling past conversations about financial freedom, independent wealth, winning the lottery, etc., it has been my experience that the majority of people have difficulty listing off all the material things on which they’d spend any newfound wealth that may come into their lives, but those same people can easily verbalize their fantasies about how they would spend their new availability of free time.

So, what does this analysis of time have to do with investing? The short answer is everything! Like so many things in our life which are tied to time, success in investing doesn’t hinge so much on buying the right stocks or bonds, or having smartest financial advisor, or even outguessing other investors, but has everything to do with the correct utilization of our TIME.

There are a limited number of products in the investing arena in which you can put your money to work. These are stocks, bonds, money market funds and maybe some fancy real estate funds on the side. But a truth often hidden in the advice of the financial gurus is that all of us are investing in the exact same things. The only real difference being what percentage of our money we put where. Knowing this, it seems logical that our returns, while not identical, will be similar. It’s true. The year-to-year results of my investing, your investing and the results of the rest of the investing masses are in a word average. Completely mediocre. Now, I’m aware that during childhood many of our parents, mine included, may have filled our heads with ideas of how unique and special we were. But the sad truth is that we are all in fact very average at most things in life. Painful, I know. I too was hurt the first time I realized this, lol.

So, if we are all getting about the same average investment returns as every other Joe Smoe, how do we distinguish ourselves from the pack by getting superior investment returns over the long term. The answer comes down to TIME. The amount of time we’ve been investing is the factor that makes all the difference. Think about this hypothetical situation. Let’s assume an ordinary guy or girl initially buys $10,000 worth of a stock fund and that fund returns an average of 10% per year. We know that the reality of this is that some years may see a 22% return while some years might only see 3%, and there will even be years that the return is negative. But we are going to assume an average of 10%/year for this example. Let’s go further to say that in addition to the initial $10,000, this person contributes an additional $500 per month to the pile. If this investor maintains this course for 10 years, he or she will have accumulated, after compounding the interest, just over $121,000. Not too shabby! Now let’s change only the time variable from 10 years to 20 years while keeping the investment amounts and the rate of return the same. Over 20 years, the same investment would be worth about $411,000. By doubling only the TIME, the ending total almost quadrupled! Extend these same numbers out to 30 years, and over 1.1 million dollars would have been accumulated. Oh, the wonderful magic of compound interest!

I am constantly talking to prospective new clients, and the most often asked question overwhelmingly is “how much money do I need to start”? While this is a valid question, the real question that should be asked is “how much time do I have?” One can start investing with any amount of money, but I’ll reiterate that it is the time you put in the makes the real difference. This is the primary reason I enjoy working with young people just getting started or are in the early stages of their work life. While these individuals may not yet be at the peak of their earning potential, they are at the peak of their available time, which in my opinion is much more important and the example discussed above bears this out.

I truly hope you enjoyed this passage and that it got you thinking differently about not only your financial future, but also about time and how to use it more wisely in every aspect of your life. For those who are ready to begin their investing journey, email me at [email protected]. I know you have questions and I’m ready for them.

Until next time, take care and invest wisely,

John

10/20/2025

Searching for a Needle in a Haystack

When it comes to investing, especially for the long term, people tend to hold the belief that in order to be successful, one must keep his finger on the pulse of the stock (or bond) market to know when to buy and sell. Making money in the market is simple, right? Just buy a stock at $15 and sell it at $30. Easy-peasy. But there is no guarantee that your stock will go up, regardless of what self-proclaimed guru assured you it would. And then comes the endless questions. What stock(s) do I buy? What is a good price to buy in? How long should I hold it? At what price should I sell? How far down in price should I allow the stock to go before pulling the plug and taking a loss? The what’s, when’s and where’s could go on forever.

Searching for the perfect stock(s) to invest in is a frustrating endeavor. Ask twenty “experts” what companies they recommend buying and you’ll get twenty different responses; all backed with seemingly sound reasoning as to why each person endorses their favorite picks. And with over 10,000 publicly traded companies in the U.S. alone, finding the “right” ones can feel like searching for a needle in a haystack. If you have ever felt too undereducated to decipher the plethora of investing information out there and overwhelmed by the vastness of the choices to make, then it is time to change your investing game plan. Let’s forget searching for the needle and instead just buy the haystack.

American (and foreign) corporations conduct business for one reason and one reason only, to make money. Regardless of economic cycles, political party changes and world events, American companies will adjust their products, services, marketing, etc. to continue making a profit. It’s what they do. And portions of those profits are passed along to investors like you and I in the form of dividends and earnings growth which is reflected in stock prices. But the problem average investors face is that no one knows what companies will perform best in the next month, year or decade. So rather than trying to be expert “stock pickers”, how about buying them all? Why not buy the haystack rather than searching for the needle? This is where stock funds come into play. A stock fund is nothing more than a single investment which contains all the stocks in the US market. Owning the haystack by purchasing and holding a total stock market fund is the only way to guarantee we as investors get our fair share of those earnings and dividends made by American corporations each year. Put simply, when you buy a total stock market fund, you are in essence buying a single basket which holds every single investable stock in the U.S. Doing this guarantees that whatever earnings growth and dividends American companies produce will at least in part be passed directly on to you the investor. And speaking of dividends, when these portions of corporate profits are paid out to us shareholders, we simply use that money to purchase more shares of the same fund, which grows the size of our holdings over time. And as our holdings grow, so does the income produced by those holdings. And as the income increases, so does the number of additional shares we can purchase, which in turn……….You get the idea.

Searching for the needle, while may on occasion produce extravagant riches so often pitched by the latest Tik Toker or Youtuber in pursuit of clicks, is much rarer than most realize. But buying the entire haystack will assure the investor that he will receive his share of profits made by American corporations for years to come.

Not investing yet but ready to get started? Send me a message or email me at [email protected] and I’ll be happy to talk.

Until next time, take care and invest wisely.

John White

08/06/2024

In June 2023 I was excited to announce that Bianco Capital Management hit a major milestone and a personal goal for myself. My firm reached $1,000,000.00 of AUM (assets under management). Back when I was getting started, this was the first threshold I hoped to reach and at the time it seemed light years away. And now, just over a year later, we've been fortunate enough to recently surpass the $2,000,000.00 level!

Again, I want to give a sincere thank you to my family, friends and of course clients, who have helped make this dream a reality. Without your support, confidence and trust, this wouldn't have been possible.

02/29/2024

HOLDING ON FOREVER

A common line of questioning I receive concerns how long an investor should continue to own a particular investment, whether it be a stock, bond, mutual fund, etc. The inquiries usually go something like this. “So, you bought such and such. How long do you plan to hold on to it?” Or “John, I know you own stock XYZ. What is your price target that the stock needs to hit before you sell it for a profit?” Another common question is, “If you purchased this stock, how far would you allow it to go down before you pull the plug and sell it?” How about this one? “John, how are you investing in the current market environment?”

These questions, although thoughtful and seemingly pertinent to investing success, all arrive at the same answer. When I purchase any investment, my intention is always the same regardless of the price or the current market environment. I intend to hold it forever and continue to purchase additional shares whenever possible. Forever you say. Yes, I’m talking until Judgement Day here. Consider this. The purpose of investing is to build wealth and create a dependable stream of income which we can count on to pay our living expenses long after our working years are behind us. When I as an investor and owner of an investment firm go into the market to make a purchase for myself or a client, I do so with the understanding that the investment will pay out regular dividends and/or interest, which will then be used to continue to purchase more shares of that same investment which provided the payout. And by accumulating more and more shares of that investment, I should in theory be ever increasing the income being produced. The fact that the investment I own will go up and down in value is really of no interest to me. I’ll say that again. The fact that the price of the investment will go up and down in value, sometimes a little, sometimes a lot, is of no interest to me. I don’t show up to work to make wild guesses on where stock and bond prices might go and pick the ones that I think will skyrocket in value so I can then sell them for a profit. I’m here to do one thing. That is to accumulate as much of the stock and bond markets as I possibly can, constantly adding more shares to my portfolio and HOLDING ON TO THEM FOREVER. That’s the plan. Buy right and hold tight! Doing so will in turn continue to increase the amount of income those investments will provide. Who would say no to an ever-increasing pay raise?

Consider this example. An investor comes upon a home for sale for a price of $50,000.00. The home is in good condition and ready to be occupied without any additional work. The investor, having $50,000.00 on hand, buys the home and immediately rents it out at $2000.00 per month. The house is owned free and clear and $2000.00 a month of continuous income has been created. Would it serve the investor well if someone called him up each day to inform him of the new price the home was appraised for that day? Absolutely not! The home may be valued at $56,000.00 on Monday, $59,000.00 on Wednesday but drop to $45,000.00 by Friday. These fluctuations should trigger neither any action or emotion from the investor as long as his purchase is continuing to provide $2000.00 each month. And there should be an understanding that the rental income will be used to purchase additional rental properties, thus creating more income. On and on the snowball goes.....or should I say grows?

The same can be said for investing in stock and bond markets. It is for this reason that I often tell clients that they shouldn’t get discouraged by temporary market price downturns nor should they get overly excited by sizeable market price advances. Just keep buying and keep increasing the size of the stockpile (no pun intended). Financial security is created by accumulating income producing assets and holding them forever, and that’s exactly what we’re here do to.

As you can likely tell, it gives me great enjoyment and satisfaction to share my investing knowledge with as many people as possible. Unfortunately, these principles are not taught in our school system, not even to students pursuing finance-based college degrees. I have no doubt that if people were given the education and tools, especially early in life, they could have an enormous positive impact on the financial outcome for themselves and their families. This is why I take pleasure in distributing as much information as possible that I feel will be the most beneficial. If you are ready to get started, I'd be happy to talk Contact me at [email protected].

-John

02/06/2024

COSTS AND TIME

“The grim irony of investing, then, is that we investors as a group not only don't get what we pay for, we get precisely what we don't pay for. So if we pay for nothing, we get everything.” -John Bogle

Of all the questions I receive concerning investing and planning for retirement, I thought it might be interesting to expound on two of them in today’s newsletter. I didn’t choose these two topics because they address the most often asked questions, but because I consider these factors to be head and shoulders above the rest in terms of importance when it comes to long-term investing success. These are COSTS AND TIME.

Let’s first address costs. Regardless of where and with whom you invest, you can expect to pay fees for the service provided by the broker/advisor you’re working with. These fees can be in the form of commissions, management fees, front load or back load sales charges and expense ratios. It’s not important for the purposes of today’s lesson to know what each of these fees cover but I just want to emphasize that excessive fees will cut into your investment returns. This makes knowing how much you are paying of utmost importance. Consider this example. Let’s assume you invest $1000.00 today. Let’s also assume that your investment earns you 7% return per year, and you hold this investment for a period of 50 years. Compounded at 7% over 50 years, your $1000.00 would be worth $29,457.00! What if you are paying your financial professional a total fee of 2% per year. How will this affect your results? Instead of 7% you are now making 5% per year. That is the 7% your investments are making minus the 2% yearly fee. At the end of a 50-year period, your initial $1000.00 would be worth $11,467.00. Put plainly, you are putting up 100% of the money, taking 100% of the risk but that 2% fee is leaving you with only about a third of the return over 50 years. Costs matter!

Let’s now address the time factor. When a potential client asks about the best time is to get started, my answer is always the same. Right now. The more time you can give yourself to grow your money, the better the outcome is likely to be. Going back to our original example, we know that $1000.00 compounded at 7% over 50 years will produce $29,457.00. What if we cut the time down by 10 years? At the end of 40 years your money will have grown to $14,974.00. By shortening your time frame by only 10 years, the total return is cut in half. What if we shorten the time frame by another 10 years which gives us a investment life of 30 years? Your $1000.00 would be worth only $7612.00. That's less than a fourth of the 50 year return! Without going into another example, it is easy to see that investment time has an enormous impact on returns and long term growth of our money.

At Bianco Capital Management, we focus on choosing investments that have the lowest associated fees available. And because Bianco Capital is an RIA (Registered Investment Advisor) we are required to act as a fiduciary for our clients. This simply means we are bound to do what is in the client’s best interest rather than make decisions that will produce the biggest fees. For those of you that are ready to get started, I’d welcome the opportunity to work with you. There is no time like the present. Remember, costs and time matter. If you'd like to learn more, I would be happy to talk. Email me at [email protected] or text me at 304-687-6807.

Take care and invest wisely,

John

02/05/2024

I’d have to say that 2023 was one of the busiest if not the busiest year I can remember. My daughter Maggie was in her senior year of high school, fully involved in her final year of cheer (both sideline and competition), keeping up with duties in school clubs and societies, not to mention touring and applying for college. Our son Connor, who is still in high school, began the summer with football practice which kept us hopping through the season until late fall. With only a weeklong post football break, basketball began. Between the two, our children kept us on the move almost daily, not returning home most days until late at night. And because it was Maggie’s last year at home, we squeezed in as much travel and vacation as possible. Combine all this and 2023 whizzed by in a flash. I’ve heard it said that the days are long, but the years are short. I’d have to agree.

Being occupied with the business the year brought, I didn’t make it a priority to write updates and newsletters as often as I promised myself I would. So here we are again at the beginning of a brand-new year which will bring both new obstacles and new opportunities. Rather than discussing what this new year might hold, I decided that it might be interesting to see what 2023 offered up in the investing arena. The stock market, which is most often gauged by the S&P 500, rose 25% from 3824 to 4783. In addition to the market rise, in 2023 the S&P 500 paid dividends of 1.77%. For reference, I’m using the Vanguard S&P 500 fund VFIAX to extract these numbers. So overall, an investment in an S&P 500 only would have yielded a total return of 26.77% for the year. Not too shabby! In other words, a $10,000 investment at the beginning of 2023 would have been worth approximately $12,677 at the close of the year. And don’t forget that those dividend payments are reinvested to purchase more shares of our investments, thus ever increasing the size of our stake.

Bonds, however, were another story. From the beginning of the year until the end, bond prices barely moved. There were some significant price fluctuations but overall bonds started and finished the year in about the same place. But bonds did exactly what bonds are supposed to do. Provide the investor with predictable income. In 2023, bonds handed investors interest payments that totaled approximately 3.3%. Again, I’m pulling these numbers from the Vanguard Total Bond Fund BND.

Depending on one’s age, time until retirement, income needs, etc., most if not all investors are holding investments in both the stock and bond market in one percentage ratio or another, likely whatever is most appropriate for them. Wherever you may fall on this scale, the bottom line is this. To take part in what the investment world has to offer, you must invest. What will a look back at 2024 look like a year from now? No one knows! That's right, not even me. But I can tell you that if you invest nothing, your balance at year’s end will be just that…..nothing. That’s a guarantee. As you read this, if you’re debating when you should get started, remember that the sooner the better. When it comes to investing and planning your financial future, time is your friend. The more time you have the better.

Interested in learning more. If so, contact me by email at [email protected] or call/text me at 304-687-6807 and I'd be happy to talk.

Until next time, take care and invest wisely.

John

06/22/2023

I want to take a moment to give a heartfelt thank you to my clients, friends, family and anyone else who has supported my dream of building my own independent financial management firm. Yesterday I realized one of many personal goals by reaching $1,000,000 in assets under management. While managing a million dollars is a small feat to most larger financial institutions, for a new upstart company that was began from scratch, this is a major milestone that I’m proud of. I couldn’t have done it without your support. Thank you!

BELOW ARE SOME OF MY FAVORITE QUOTES ON INVESTING FROM JOHN BOGLE, FOUNDER OF VANGUARD FUNDS. MR. BOGLE HAS UNDOUBTEDL...
06/29/2022

BELOW ARE SOME OF MY FAVORITE QUOTES ON INVESTING FROM JOHN BOGLE, FOUNDER OF VANGUARD FUNDS. MR. BOGLE HAS UNDOUBTEDLY DONE MORE FOR THE AVERAGE INDVIDUAL INVESTOR THAN ANY PERSON IN THE HISTORY BY CREATING LOW COST INVESTMENT FUNDS SO THAT INVESTORS COULD KEEP MORE OF WHAT WAS EARNED RATHER THAN PAYING STEEP MANAGEMENT COSTS TO THE MONEY MANAGERS OF THE DAY.

"Don't look for the needle in the haystack. Just buy the haystack!"

"Time is your friend. Impulse is your enemy."

"Owning the stock market over the long term is a winner's game, but attempting to beat the market is a loser's game.”

“The grim irony of investing, then, is that we investors as a group not only don't get what we pay for, we get precisely what we don't pay for. So if we pay for nothing, we get everything.”

"The miracle of compounding returns is overwhelmed by the tyranny of compounding costs."

"An investment in knowledge always pays the best interest. Learning is to the studious and riches to the careful. If a man empties his purse into his head, no man can take it away from him."

AND MY PERSONAL FAVORITE.......................

“It’s amazing how difficult it is for a man to understand something if he’s paid a small fortune not to understand it.”

-John Bogle, Founder of Vanguard Funds

05/17/2022

Why exactly should I invest?

When you’re young and in the early years of your career, living expenses are met by the means of human capital. Human capital is another way of saying getting out of bed each morning to go to a job where you will exchange your time and skill for a scheduled paycheck. Whether your work involves flipping burgers at the local fast-food joint, managing a retail store, or owning your own business, the fact is that most if not all of your family’s expenses are met via the income you receive for exchanging your time for money. This idea also seems to hold true regardless of where one might fall on the vast income scale. No matter how it is spun, the reality is that during our working years, especially the earlier ones, we rely heavily on our human capital, our ability and willingness to trade our time for the money we need to live.

But as we age, a flipping of sorts begins to take place. We find ourselves relying less on our human capital and instead relying more and more on our investment capital to meet our needs. This is especially true as we enter the second or third decade of our working life and start to focus our attention on the dream of retirement. Will my savings and investments be sufficient? How long will my money last? Can my investments supply me with a dependable income to see me through my golden years? Will there be enough left for my children after I am gone? These are the questions that inevitably creep into all our minds as we get further down the road of life.

While regularly socking money away in an account at the local bank is always a good start and is without a doubt a “safe” option, it is not without risk. According to a New York Times (nytimes.com) article published on April 12, 2022, the current rate of inflation, that is the yearly rate at which prices of goods and services increase, has recently hit a record high of 8.5%. The average interest earned on a savings account at most banks is somewhere between .10% and .50%, depending on where you’re looking. YOU READ THAT CORRECTLY. AT THE HIGH END THE SAVINGS IS EARNING ONLY A HALF A PERCENT PER YEAR!!! So, while money in a savings account is insured and “safe” from being lost, there is somewhere around 8% of purchasing power eroding away each year. In short, the savings isn’t earning enough interest to keep up with the rate of inflation.

Fortunately, we have other investment vehicles at our disposal which have historically not only done a spectacular job of overcoming the eroding effect of rising living costs but have also supplied the returns needed to effectively grow an investment account and provide meaningful income. For example, over the last 30 years the stock market has provided an historical average yearly return of just north of 10% while the bond market has returned about 6%. Of course, these are long term averages and may vary from year to year. But the point is this. Regardless of your personal situation, a customized portfolio can be effectively constructed using the mix of investments which are appropriate to meet your long-term investment goals. The one way to guarantee you end up with nothing in your retirement account is to never get started. Successful investing isn’t something that magically happens just because we work hard, reach a certain age, stage of life or income level. Instead, successful investing is something we must actively plan for and pursue, and it is much simpler to get started than you might think.

If you have any questions or would like to talk more, feel free send me a message or you can also email me at [email protected]

02/03/2022

It’s difficult to believe, but here we are again at the beginning of a new year. And with the start of a new year comes the typical list of new hopes, new goals and new promises, to both ourselves and our loved ones (whether they are aware of it or not). Many have made plans to do more/better in various aspects of our lives, whether it be weight loss, being a better mother, father, spouse, sibling and of course being more attentive to our finances.

With these resolutions comes renewed questions about investing. How do I get started? How much do I need to begin? What should I invest in? What’s the risk? The questions and the answers to those questions can be endless and in part hinge on factors that differ from person to person. But regardless of everyone’s differing circumstances, this I can say with confidence. INVEST YOU MUST!

When discussing what we should be investing in, we’re really talking about only two products. Stocks and bonds. Of course, you could always throw in some sexy side items such as Real Estate Investment Trusts (REITS) or Exchange Traded Funds. But when it comes down to the backbone of most portfolios, stocks and bonds are our bread and butter.

Within the stock market there has always been a great deal of speculation as to what the market will do in the future. This is the way it has always been and the way it always will be. We can blame basic human nature for the ever-present temptation to pick out the “next big thing” which will allow us to jump on board and ride that rocket ship to financial glory. Although this does happen from time to time, it rarer than most might believe. There is a story from the 1920s about an eager young investor who approached JP Morgan on the street. Assuming that Mr. Morgan had the inside scoop on what the future held for stocks, the young man asked what the markets were going to do in the years to come. Mr. Morgan’s answer was simple and to the point. “MARKETS WILL FLUCTUATE” was his reply. In other words, no one knows where the markets will go and when they’ll go there. If the goal is to put money to work by investing in products that allow the compounding of interest and dividends for the purpose accumulating wealth, then this fact is undeniable. INVEST YOU MUST!

Our greatest chance to accumulate wealth is to invest early and invest often. Put those stock dividends and bond interest to work by reinvesting the payments back into the market. This is where the magic of compound interest really shines through and our best chance to experience long term account growth. I could go on and on about how much of a portfolio should be allocated to stocks and how much should be allocated to bonds based on your age, time until retirement and a host of other factors. That is a conversation for another time and the answers will vary greatly from client to client. But as we continue into this new year and vow to get our financial lives in order, I urge you to keep one thing in mind. The best way to get started investing is to, well……. get started. The only sure way to guarantee that you’ll have $0 in your retirement is to not invest at all. INVEST YOU MUST!

If you should have any questions about opening an investment account and getting started, feel free to email me at [email protected] and I’ll be happy to talk.

Until next time, take care, invest wisely and make it a great year.

John

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