The Irrelevant Investor

JUNE 15, 2019

Outside of a retirement account, I see nothing wrong with holding six months of living expenses or something like this. Inside a retirement account, I can't think of a good reason why 9% of your portfolio should be earning next to nothing. The biggest takeaway for me here is the cash number. There is way too much of it.

Asset Allocation 52

Asset Allocation Retirement Accounting Distribution 52

Random Roger's Retirement Planning

SEPTEMBER 9, 2022

I've owned NEE for clients since 2004 or 2005 when it was still FPL Group which stood for Florida Power & Light. Of course there's a story there that becomes pretty apparent once you look under the hood which is that XLU's largest holding is Next Era Energy (NEE). Here's the above chart with NEE added in.

Clients 75

Clients Investments Investing Marketing 75

Trade Brains

APRIL 17, 2023

One of the first reforms he put in place was setting a retirement age. According to this policy, the retirement age for directors was set at 70 and senior executives at 65. Mody was sacked after a messy scrap, Seth and Kerkar retired over the years as they crossed the age limits and Palkhivala quit citing ill health.

Retirement 98

Retirement Engineering Manufacturing Ethics 98

Trade Brains

FEBRUARY 14, 2023

Yeah, that lot that talks about terms like compounding, risk profile, returns, retirement planning, budgeting, Investing, and whatnot! Expense ratio 1.74% Inception Date August 16, 2004 Exit Load (o to 12 months) 1.00% No. It has been in existence since August 16, 2004. 1-yr return 7.84 1-yr return 10.91

Healthcare 59

Healthcare Retirement Investing Investments 59

Random Roger's Retirement Planning

OCTOBER 25, 2022

GLD started trading on November 18th, 2004. A friend that has been by my side for 17 or 18 years, helping out more often than not. I expect I will miss this friend some but maybe not a lot. No, no one died thankfully. I sold the SPDR Gold Trust (GLD). Either way, I've been holding it for 17 or 18 years.

Management 74

Management Sales Accounting Portfolio 74

Random Roger's Retirement Planning

APRIL 8, 2023

One of the partners of the firm where I have been since 2004 was found to have done illegal trading and he was immediately terminated. Thankfully a few weeks later they did. The final challenge since last April happened with my day job. The other partner also has a serious problem that could be described as collateral damage.

Insurance 98

Insurance Compliance Engineering Planning 98

Random Roger's Retirement Planning

JULY 18, 2022

Making changes to client portfolios' overall volatility through the duration of a stock market cycle predates when I started blogging in 2004. For purposes of clarity I will use vol to refer to the asset class and volatility to refer to effect and impact. The ways in which I do that have evolved over that time.

Assets 74

Assets Portfolio Clients Financial Planning 74

Random Roger's Retirement Planning

DECEMBER 22, 2023

There's a lot of neat things about 19+ years of blogging, I started in Sept 2004, including circling back around to ideas that we started talking about a longggggg time ago.

Portfolio 74

Portfolio Asset Allocation Accounting Management 74

The Irrelevant Investor

SEPTEMBER 10, 2018

Out of 21,640 financings between 2004-2013, 65% of them received a multiple of 0-1x, with less than 10% of all deals experiencing a 5x multiple or higher. These investments won't make or break these people's retirements, but elsewhere private investments are having a real impact on mom and pop investors. The evidence backs this up.

Startup 52

Startup Valuation Numbers Commission 52

The Big Picture

DECEMBER 19, 2023

00:06:36 [Speaker Changed] So in, in 2004, I joined Morgan Stanley equity research. He, he had retired, retired, but he was still active. So you go from Citi eventually to Millennium and Morgan Stanley. Tell us about what you did at those shops. That was great.

Healthcare 162

Healthcare Portfolio Management Investing 162

Random Roger's Retirement Planning

DECEMBER 14, 2022

In August of 2004, he and I went on about an hour long hike with one other firefighter looking for a lightning caused fire. My wife stuck with it for three or four years and I am still heavily involved having been the fire chief for 11 years now and likely to be so for several more years and then involved in a different capacity after that.

Engineering 40

Engineering Recruitment 40

The Big Picture

JUNE 6, 2023

So, you start the blog in 2004, more or less. RITHOLTZ: if you’re one latte away from your retirement being messed up you got bigger … SETHI: Bigger problems. RITHOLTZ: What are your thoughts on the early retirement fire movement? We’d rather dream about having 10 million then start investing $100 a week. SETHI: Yes.

Accounting 130

Accounting Numbers Budgeting Financial Counseling 130

Walkner Condon Financial Advisors

FEBRUARY 6, 2024

The emerging markets asset class outperformed all others in 2003, 2005, 2007 and 2009, while finishing second in 2004, 2006, and 2012. In contrast, Emerging Markets over the 2003-2012 period provided investors with Doc Brown’s requisite 1.21 jigawatts of investing power (and volatility)! Sounds unstoppable, right?

Assets 59

Assets Investing Investments Marketing 59

The Better Letter

MARCH 17, 2022

” Ben Roethlisberger recently retired after 18 seasons, all with the Pittsburgh Steelers, after a great career as an NFL quarterback. Roethlisberger was selected 11th overall in the 2004 NFL Draft and was immediately touted as Pittsburgh’s franchise quarterback by then-coach Bill Cowher. “It’s not you.

Recruitment 52

Recruitment Media Retirement 52

The Big Picture

JULY 4, 2023

I’ll have to be when I retire and publish under Anonymous. It was a spin out from, so this would have been 2004, spin out from a well-known prop group, to my point on doing work for a lot of the prop groups. I kind of feel like, you know — RITHOLTZ: Can you talk at school or — WEINSTEIN: You have to wait for the book.

Management 147

Management Recruitment Numbers Banking 147

The Big Picture

OCTOBER 24, 2022

And actually, I was at the PPI, most people may not remember this, but in 2004, the PPI was a month and a half late. And he outlines credit cards, and he outlines mutual funds and money market funds and retirement accounts. So sometimes that crosses my mind today, when people are watching the CPI. RITHOLTZ: Oh, sure.

Portfolio 130

Portfolio Management Assets Investing 130

The Big Picture

AUGUST 29, 2022

And so, I was doing that in 2000, 2002, 2003, 2004. RITHOLTZ: You made my retirement …. My — I’ll say my dad is — well, my dad was a highway or is a — well, he retired, but he would go around and try to get contracts to pave highways. RITHOLTZ: (Inaudible), right. BALCHUNAS: … is really what we — we did.

Assets 173

Assets Management Marketing Marketing 173

The Big Picture

JUNE 18, 2024

So the fact that I had a sociology degree really didn’t impede, I think getting into business Barry Ritholtz : And you end up in like what some would think of as kind of a dry, legalistic part of Fidelity, the ERISA Division, which focuses on retirement accounts. Erika Ayers Badan : It was very boring.

Media 147

Media Food Advertising Investing 147

Random Roger's Retirement Planning

JUNE 3, 2023

One is that a politician who votes to cut benefits or raise the retirement age will probably lose some voter support. Keep in mind that extending the full retirement age (FRA) to 68 or 69 or whatever is a de facto benefit cut. Now comes the grim numbers about how much we have collectively saved for retirement.

Retirement 72

Retirement Taxes Math Accounting 72

The Big Picture

APRIL 18, 2023

I think because the private equity investing model has been really good for our clients, which are state pension plans, sovereign wealth funds, you know, ensuring the retirement safety of many — tens of millions of people. Probably somewhere around 2004 or ‘05, we started doing things by ourselves. And, you know, why is that?

Assets 162

Assets Investing Investments Valuation 162

The Big Picture

AUGUST 7, 2023

This was 2004. I mean, I have retired from ABC News, so I have fewer things on my plate, but I host a podcast, which is two, almost three times a week. And then you get a call to fill in working with, you know, some of the bigs and you have what can only be described as a panic attack on live television. Tell us about that experience.

Medical 130

Medical Transportation Investing Investments 130

Random Roger's Retirement Planning

JANUARY 14, 2025

So in the context of looking over my shoulder, this started long before 2004 when I started blogging and before I was a portfolio manager. The Type 1, the new green one, is a 2004 with very low miles and very low hours on the pump. Sidebar, never stop learning. So I've been collecting information for decades.

Investing 52

Investing Investments Engineering Clients 52

The Big Picture

JANUARY 14, 2025

00:32:34 [Speaker Changed] Yeah, this is really something that’s very important to me in terms of when I think about the industry and like what are the big problems that are, that are facing the industry, what’s really causing investors not to get as much money in their retirement accounts as we possibly could get there.

Management 147

Management Investing Investments Assets 147

The Irrelevant Investor

DECEMBER 4, 2019

In 2004, Jonathan Clements wrote: With the formula that Dalbar uses, stock-fund investors don't earn the full monthly return on any money that they invest during that month. They know they can't touch their retirement accounts until, well, retirement, so psychologically it's easier to invest it all and just be done with it.

Portfolio 52

Portfolio Risk Tolerance Accounting Retirement 52

The Big Picture

APRIL 11, 2023

Since 2004, the tax rate on dividends and capital gains is 15 percent, 18 percent, 21 percent. But Amazon had a great run, Bezos retires. So the question is if tax efficiency is the issue, why weren’t buybacks the dominant way of returning cash pre 1981? They match up. RITHOLTZ: Right. DAMODARAN: Right.

Valuation 298

Valuation Education Numbers Government 298

The Big Picture

FEBRUARY 20, 2024

Early retirements have been taking place a giant uptick in new business formation. And I think, you know, if you look at the 2004, 2007, eight period, boy, it would’ve been really good if we’d done something about subprime mortgage lending, about mortgage underwriting standards.

Banking 147

Banking Economy Marketing Marketing 147

The Big Picture

OCTOBER 31, 2022

And arguably, they went from an underpriced position in 2004 I’d say — RITHOLTZ: Right. My first four years of teaching was his last four years before he retired. I saw him a lot after he retired — he lived in San Francisco — whenever my wife and I went there. I mean, it’s used to be called FANG.

Numbers 147

Numbers Investing Investments Marketing 147

The Big Picture

AUGUST 23, 2022

And so, one by one by one, some oligarchs went to Putin after Khodorkovsky was convicted and sentenced to 10 years and they say to Putin, it’s the summer of 2004, Vladimir, what do we have to do so we don’t sit in the cage, and Putin says, real simple, 50 percent. RITHOLTZ: Wow.

Government 321

Government Banking Numbers Investing 321