Brown Advisory

MAY 30, 2018

NOW 2018 | The Economic Imperative of Climate Action. Wed, 05/30/2018 - 16:35. The speakers on the NOW 2018 panel "The Economic Imperative of Climate Action," are in the business of providing policy, investment, and data-driven solutions for the climate change crisis.

Economics 52

Economics Food Clients Risk Analysis 52

MainStreet Financial Planning

AUGUST 5, 2024

Since 2018, the federal tax code allows 529 plans to be used for up to $10,000 per year to pay for qualified K-12 tuition. Warning: not all states have adopted this rule, you may not owe taxes on your federal return but watch out for the impact on state taxes!

Planning 96

Planning Education Taxes Distribution 96

Trade Brains

DECEMBER 31, 2023

Tax Loss Harvesting : As an investor, you earn capital gains irrespective of the asset you invest in. These capital gains are a part of your taxable income based on how long you stay invested in the asset. So, what will you do at such times when you don’t really want to pay much tax on your capital gains? What is it?

Taxes 59

Taxes Assets Investing Investments 59

Brown Advisory

FEBRUARY 7, 2019

Muni Bonds: Winners in 2018 and Bright Skies Ahead for 2019 ajackson Thu, 02/07/2019 - 08:44 Municipal bonds held their ground in 2018, and truly shined when equity markets were punished during the fourth quarter. Here’s a quick recap of 2018 and our thoughts heading into 2019. Treasury yields in late November and December 2018.

Taxes 52

Taxes Investing Investments Clients 52

Brown Advisory

FEBRUARY 7, 2019

Muni Bonds: Winners in 2018 and Bright Skies Ahead for 2019. Municipal bonds held their ground in 2018, and truly shined when equity markets were punished during the fourth quarter. Rising uncertainty for risk assets, coupled with a favorable mix of healthy demand and limited supply, offer a promising backdrop.

Taxes 52

Taxes Investing Investments Clients 52

Random Roger's Retirement Planning

FEBRUARY 14, 2025

Right or wrong, I think of endowment style investing as being a similar to the Permanent Portfolio, not so much quadrants but more like disparate asset class segments which gets us to a paper about endowment asset allocation from True North Institute. It's only down year was 2018 with a decline of 7.91%.

Portfolio 52

Portfolio Asset Allocation Assets Management 52

Brown Advisory

MARCH 30, 2018

Outlook for 2018 | Confronting the Unknown. Fri, 03/30/2018 - 11:57. While February’s volatility did not materially change our asset allocation views, it reinforced to us the importance of a comprehensive discussion about how we think about risk and how we manage it. sectors due to the recent tax law overhaul.

Asset Allocation 52

Asset Allocation Portfolio Assets Valuation 52

Brown Advisory

JULY 17, 2018

529 Plans And The New Tax Code ajackson Tue, 07/17/2018 - 11:30 You Can Now Use 529s for K-12 Costs—But Should You? The cost of college is growing at an astronomical rate, and Section 529 plans have long helped individuals and families grow assets earmarked for education in a tax-efficient manner.

Taxes 52

Taxes Planning Education Distribution 52

Brown Advisory

JULY 17, 2018

529 Plans And The New Tax Code. Tue, 07/17/2018 - 11:30. The cost of college is growing at an astronomical rate, and Section 529 plans have long helped individuals and families grow assets earmarked for education in a tax-efficient manner. The 2018 tax overhaul expanded the reach of 529 plans beyond college.

Taxes 52

Taxes Planning Education Distribution 52

Getting Your Financial Ducks In A Row

OCTOBER 17, 2022

This original IRA was not deductible from income for tax purposes, and the annual contribution limit was the lesser of $1,500 or 15% of household income. The Economic Recovery Tax Act (ERTA) of 1981 allowed for the IRA to become universally available as a savings incentive to all workers under age 70 1/2. billion by 1981.

Retirement 90

Retirement Distribution Taxes Retirement Planning 90

Brown Advisory

AUGUST 1, 2018

2018 Berkshire Hathaway Annual Shareholder Meeting ajackson Wed, 08/01/2018 - 09:30 The Berkshire Hathaway annual meeting is an opportunity for shareholders and analysts to pose questions to Warren Buffett and Charlie Munger. Berkshire’s book value growth is after tax, while the S&P Index return is pretax.

Assets 52

Assets Investing Investments Insurance 52

Brown Advisory

AUGUST 1, 2018

2018 Berkshire Hathaway Annual Shareholder Meeting. Wed, 08/01/2018 - 09:30. Berkshire’s book value growth is after tax, while the S&P Index return is pretax. Berkshire’s investment portfolio holds about $186 billion in equities and $118 billion in cash equivalents and bonds as of March 31, 2018.

Assets 52

Assets Investing Investments Insurance 52

Random Roger's Retirement Planning

MARCH 12, 2025

AQR Multi-Asset (AQRIX) used to be called Risk Parity and it also does some quadranty stuff. It's growth rate since inception is 3.58% going back to September, 2018 but a lot of that comes from a 15% lift in 2021 (numbers per testfol.io). PRPFX is the inspiration for all of these so of course we're including that one.

Portfolio 59

Portfolio Taxes Numbers Investing 59

Random Roger's Retirement Planning

MARCH 29, 2025

First up, Phillip Toews who runs an asset management shop and who wrote a book about about behavioral portfolio construction wrote about understanding market history and a section on how to build robust portfolio that reads like he could have outsourced that part of the article to me.

Portfolio 59

Portfolio Management Risk Management Distribution 59

Random Roger's Retirement Planning

SEPTEMBER 18, 2023

RSST is similar to client/personal holding Standpoint Multi Asset (BLNDX/REMIX) in that both blend equities and managed futures but I think they are targeting different return profiles. I think that is attributable to a terrible year for 100/100 in 2018. Terrible year in 2018 or 2022? Pick your poison.

Management 75

Management Portfolio Clients Investing 75

Random Roger's Retirement Planning

MARCH 4, 2025

I started with a very small position in late 2018 with the intention of letting it grow into a lifechanging piece of money or letting it fail and I still own it. Using Opportunistic Alts' asset class weightings I backested the following against VBAIX. The Merger Fund is a client and personal holding.

Portfolio 52

Portfolio Portfolio Management Management Clients 52

Truemind Capital

JULY 26, 2024

In 2018, we decided to have a Gold allocation of ~15% to all our client’s portfolios owing to macroeconomic developments. When so much money is printed without any underlying asset to back it, it starts losing its value, especially when the interest rates are close to zero. It becomes difficult to assess winners & losers.

Budgeting 64

Budgeting Investing Investments Portfolio 64

Ballast Advisors

NOVEMBER 29, 2022

How you treat those losses come tax time can mean a lot in the long run of your financial plan. Good portfolio management focuses on after tax rate of returns,” says Ballast Advisors Managing partner Paul Parnell. Tax harvesting is a method of investing that involves buying and selling assets in order to reduce capital gains taxes.

Taxes 40

Taxes Portfolio Management Sales Portfolio 40

Trade Brains

MAY 23, 2023

During the same period, the profit after tax grew at a much sharper rate of 27.64% to Rs 256 crore. Margin Analysis From 2018-19, chemical companies started seeing volume and margin expansion because of the slowdown in China. With Laxmi Organic, both factors played their respective roles. That’s the first thing.

Planning 105

Planning Manufacturing Sales Pharmaceutical 105

Random Roger's Retirement Planning

APRIL 17, 2024

TRTY only goes back to late 2018 so I build the following to try to replicate it with exposure I believe to be consistent with what TRTY owns. Reacting in the middle of 2022 after learning too much was allocated to risk assets? I don't know whether those weightings can vary but the numbers come off the home page for the fund.

Portfolio 102

Portfolio Asset Allocation Advertising Numbers 102

Good Financial Cents

DECEMBER 22, 2022

2018: – 6.24%. Note that Fundrise requires a 0.15% annual advisory fee and an annual asset management fee of up to 0.85%. From there, you’ll pay a 0.25% annual investing fee to access multiple portfolio options, advanced tax-savings tools, automatic portfolio rebalancing, and other perks. 2020: 16.26%. 2019: 28.88%.

Investing 108

Investing Investments Risk Tolerance Accounting 108

Random Roger's Retirement Planning

APRIL 23, 2024

The simplistic definition is that risk parity equal weights asset classes by their volatility. There can be other things in there too like commodities and there can also be management of the weightings to account for changes the volatility profiles of the various asset classes. It briefly went to zero in 2018 and then came right back.

Assets 84

Assets Management Retail Accounting 84

Random Roger's Retirement Planning

AUGUST 28, 2024

The Catalyst/Aspect Enhanced Multi-Asset Fund (CASIX) just started trading at the start of the year. It seems to take a page from client/personal holding Standpoint Multi-Asset (BLNDX) by layering managed futures on top of, in this case, a passive 60/40 portfolio. I would also note that managed futures did worse in 2016 than 2018.

Portfolio 52

Portfolio Management Assets Investing 52

Trade Brains

JANUARY 24, 2023

The management sold off its non-core assets a few times in the past to pare its debt. In the recent year, FY22, it clocked a nominal profit before tax of Rs 40 lakh. 2018 9.12 -4.79 Post-2008, the losses kept mounting pushing the company to bankruptcy. For instance, it reported a net profit of Rs 104 crore in FY21.

Manufacturing 98

Manufacturing Sales Management Banking 98

Random Roger's Retirement Planning

JUNE 6, 2024

Blogger Nomadic Samuel posted an interview with Jay Kaeppel who has an interesting spin on asset allocation with what he describes as 30/30/30/10. In the backtest it was down 3.65% in 2015, that worst year was 2018 and in 2022 it was only down 2.72%. I am surprised how closely it tracks to VBAIX.

Asset Allocation 92

Asset Allocation Retail Clients Taxes 92

Trade Brains

SEPTEMBER 29, 2023

According to the Society of Indian Automobile Manufacturers (SIAM), passenger vehicles registered the highest-ever domestic sales in 2022- 23, surpassing the previous peak of 2018-19. Commercial vehicles too performed well, coming close to the previous sales peak of 2018-19. 2-wheelers fail to keep pace with other automobile segments.

Planning 119

Planning Manufacturing Sales License 119

Random Roger's Retirement Planning

APRIL 19, 2024

The basic summary is that they blended together a bunch of asset classes, of which only gold had negative correlation to US large cap, and that blend lagged in 2023. Trinity Replication though, offered more protection during the 2020 Pandemic Crash, In the very fast crash at the end of 2018, both portfolios above lagged 60/40.

Portfolio 93

Portfolio Accounting Clients Marketing 93

Brown Advisory

DECEMBER 4, 2017

presidential election, we have grappled with the lack of clarity regarding the details of new tax legislation. The outcome of the tax reform debate is likely to impact how we advise clients on tax planning, estate planning and a host of other topics. The estate tax exemption rose slightly to $5.49 Since last year’s U.S.

Planning 52

Planning Taxes Clients Tax Planning 52

Random Roger's Retirement Planning

JUNE 26, 2024

I stumbled into an old podcast from Resolve Asset Management that looked at the lack of differentiation from most factors and how to seek out "orthogonality" to get better diversification. In 2018 the S&P 500 was down a little over 4% and managed futures was down about 8%.

Portfolio 95

Portfolio Management Numbers Taxes 95

Random Roger's Retirement Planning

SEPTEMBER 28, 2024

Depending on your tax situation though, more dividends may not be better. In the mini crash at the end of 2018, FNDX and SPHQ did worse than the S&P 500, SPYV was about the same as market cap weighting and SCHD was the best performer for that event. The reader was right for ten years. This table captures ten years.

Taxes 52

Taxes Valuation Marketing Marketing 52

Random Roger's Retirement Planning

JULY 15, 2023

One seems to apply trend following to multiple assets including a large weighting to equities and the other looks to provide an absolute return strategy that kicks off an income stream. We wrote a few posts last year about the Rational ReSolve Adaptive Asset Allocation Fund (RDMIX) which is intended to be an all weather strategy.

Management 68

Management Asset Allocation Portfolio Assets 68

Brown Advisory

JULY 24, 2018

Strong Defense: The Falling Opportunity Cost of Allocating to Bonds ajackson Tue, 07/24/2018 - 09:25 For years, “defense” in portfolios—i.e., Many noisy political topics have dominated the investment discourse in 2018, but underneath that noise and volatility, the drum beat of rising interest rates in the U.S.

Valuation 52

Valuation Economics Asset Allocation Clients 52

Brown Advisory

JULY 24, 2018

Tue, 07/24/2018 - 09:25. Many noisy political topics have dominated the investment discourse in 2018, but underneath that noise and volatility, the drum beat of rising interest rates in the U.S. Louis Fed) rose above 50 bps at the end of 2016, and since then has ticked up to 180 bps as of June 30, 2018. and 2.9%). .

Valuation 52

Valuation Economics Asset Allocation Clients 52

WiserAdvisor

FEBRUARY 21, 2023

In 2018, there were approximately 52.4 As a person grows old, they may lack the energy, health, and interest to manage their money and other assets. This can ensure that the client’s hard-earned money and other assets are well-protected and not misused. The elderly population in the United States is on the rise.

Financial Advisor 104

Financial Advisor Clients Estate Planning Education 104

Brown Advisory

MAY 23, 2018

MLPs Are “Simplifying” Away Their Dividend Payouts achen Wed, 05/23/2018 - 12:19 Investors like buying master limited partnerships (MLPs) because they want to earn yield. In exchange for that complexity, it offered tax advantages that often led to a lower cost of capital than traditional corporate structures could.

Taxes 52

Taxes Distribution Clients Assets 52

Brown Advisory

MAY 23, 2018

Wed, 05/23/2018 - 12:19. In exchange for that complexity, it offered tax advantages that often led to a lower cost of capital than traditional corporate structures could. Kinder Morgan—historically the bellwether for the asset class—collapsed its MLP in late 2014, and a variety of others have followed suit. .

Taxes 52

Taxes Distribution Clients Assets 52

Random Roger's Retirement Planning

JANUARY 14, 2024

Long time readers might know my fascination with Nassim Taleb's idea about barbelling portfolios to concentrate risk into a small slice while having the vast majority in safe assets. I could have gone back further than 2018 but Bitcoin skyrocketed in 2017 so I wanted to take that out in case that sort of year never repeats again.

Portfolio 72

Portfolio Budgeting Assets Investing 72