Random Roger's Retirement Planning

FEBRUARY 17, 2024

From the AQR site , QSPIX "aims to deliver attractive risk adjusted returns with low correlation to traditional stock/bond portfolios by investing in a broad and diversified range of alternative risk premia." So a core holding, I think that conceptually it could be risk parity meets the Permanent Portfolio?

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Random Roger's Retirement Planning

FEBRUARY 14, 2025

Torsten Slok blogged about how ineffective bonds have been in terms of providing any return or diversification benefits lately in the context of a 60/40 portfolio. The third portfolio is just the Vanguard Balanced Index Fund (VBAIX). Despite all the leverage, Portfolio 1 has a very smooth ride including up a lot in 2022.

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Darrow Wealth Management

JULY 1, 2024

The 2017 Tax Cuts and Jobs Act (TCJA) brought sweeping changes to the tax code, impacting every taxpayer and business owner. Here’s a summary of the major tax law changes coming in 2026 and some steps individuals and business owners can take to prepare. For some, this may lead to more taxes paid on capital gains.

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Random Roger's Retirement Planning

MARCH 9, 2025

A portfolio strategy that goes narrower than a couple of broad based index funds probably has some exposure to dividend stocks already so the decision about whether to make any changes can be moot, you already have some exposure. To be clear, Portfolio 3 does use the portable alpha approach, it is leveraged by 40%.

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Brown Advisory

MARCH 30, 2018

Outlook for 2018 | Confronting the Unknown. Fri, 03/30/2018 - 11:57. sectors due to the recent tax law overhaul. As always, we want to avoid skewing portfolios toward a specific market scenario, because we can’t accurately predict which scenario will come to pass. the risk that a portfolio won’t grow quickly enough).

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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.

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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. Here’s a quick recap of 2018 and our thoughts heading into 2019. 2018: Tough Conditions Prove Helpful for Munis. Thu, 02/07/2019 - 08:44.

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Trade Brains

DECEMBER 31, 2023

Tax Loss Harvesting : As an investor, you earn capital gains irrespective of the asset you invest in. While you trade or invest a significant amount of capital and receive good returns, there comes a time when you start worrying about the taxes on those gains. It is called Tax Loss Harvesting. How are Capital Gains Taxed?

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Random Roger's Retirement Planning

MARCH 4, 2025

I spent a lot of time Monday evening going down the Blackrock rabbit hole starting with their thoughts about adding Bitcoin to a portfolio which they say they're starting to do in their models. The Blackrock Opportunistic Alts Portfolio is more interesting. This model overlaps a lot with the next model. It has 77.5%

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Random Roger's Retirement Planning

SEPTEMBER 18, 2024

My interest goes back long before the ReturnStacked ETFs existed and I believe long before the term capital efficiency was common, to Nassim Taleb writing about barbelling returns where most of the risk is allocated to just 10% of a portfolio with the rest in very conservative things like T-bills. Here is some modeling we did on August 19th.

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Trade Brains

NOVEMBER 17, 2023

2018-19 7.04 -1.87 Net Profit Margin is fluctuating due to changes in the interest and tax payments as the company business was subdued in the initial days. However, with an exponential growth in Net profits, CAGR growth cannot be compared. Financial Year Revenue (Cr.) Net Profit (Cr.) 2022-23 350.96 2021-22 161.5 2020-21 12.98 -2.37

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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.

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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.

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Nationwide Financial

JANUARY 26, 2023

Key Takeaways: 2023 could be a really good year to fund a Roth account because of low tax rates and changes to how the standard deduction, tax brackets, and retirement account contribution limits are adjusted for inflation. The lower the tax rate, the more attractive the Roth contribution becomes relative to a pre-tax contribution.

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Random Roger's Retirement Planning

APRIL 17, 2024

The idea of building an All-Weather portfolio of course has its appeal. The basic idea is to be much less volatile than the broad market or the typical 60/40 portfolio. It raises the question though of how much performance should an investor expect or be willing give up for the potential emotional comfort of an All-Weather portfolio.

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Random Roger's Retirement Planning

JUNE 5, 2024

Starting back in 2007 or 2008 I wrote about his barbell portfolio idea that goes very high risk with 10% of the portfolio in search of asymmetric returns and then very conservative with the other 90%. The returns generated from the 10% could almost be enough for the entire portfolio. Here's an example of the effect.

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Carson Wealth

DECEMBER 9, 2024

Optimism over lower taxes, a stronger economy, animal spirits, and strong earnings all were likely reasons for the surge. 6 million level we saw in 2018-2019. million level we saw in 2018-2019. A diversified portfolio does not assure a profit or protect against loss in a declining market. Hires fell to 5.3

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Random Roger's Retirement Planning

SEPTEMBER 18, 2023

The portfolio constituents are labeled on the screen grab. I think that is attributable to a terrible year for 100/100 in 2018. Terrible year in 2018 or 2022? 2018 was still lousy and 2022 was very good. I am more open to RSST as a core position than I was but 2018 is a good example of how it can go poorly.

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Random Roger's Retirement Planning

MARCH 3, 2025

I added SH for clients a little while and have been holding BTAL for them and personally since 2018. If things really get crazy (bad) for stocks then I would expect the first responders to continue to go up in price, growing to neutralize more of the portfolio and clients who take income out have enough to cash raised to get by for a while.

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Random Roger's Retirement Planning

JUNE 26, 2024

Although the way we articulate these ideas has changed we've basically been having the same conversation about trying to learn how to better diversify the portfolio without giving up too much of the equity market's ergodicity, it's inertia from going up more often than not. The ride is obviously very smooth over a decently long time frame.

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Random Roger's Retirement Planning

MARCH 11, 2024

The 1987 crash was partly attributed to selling portfolio insurance and there was the so called Volmageddon of 2018. 2018 was not 1987 and if there is another event where volatility ends up being a major determent then it will be different than the other two but with some overlap. There have been volatility events before.

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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. Basic principles of tax harvesting. Just by rebalancing a portfolio you can create capital gains.”.

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Random Roger's Retirement Planning

APRIL 3, 2024

Looking at AQMIX on your statement kind of going nowhere for 10 years could be difficult but clearly a portfolio with the allocation in Portfolio 3 would have kept up just fine and if they had focused on the bottom line number and not the line items, it would not have been difficult. 90/40 was down 1.56% and Portfolio 3 was up 3.25%.

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Random Roger's Retirement Planning

JUNE 16, 2024

In 2018, Nvidia was down 30% versus 4% for the S&P 500 and in 2022 it was cut in half versus 18% for the S&P 500. For maintaining a diversified portfolio, the attributes of both stocks are important. In 2018, the 50/50 blend was up 12% versus a 4% drop for the S&P 500.

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Random Roger's Retirement Planning

APRIL 11, 2024

Portfoliovisualizer shows the annual decline at 1.55% but taking out 2018 when it was up 15% and 2022 when it was up 20% and it would have been noticeably worse. The 2020's have not been lost for managed futures so the same portfolios from 2020 onward. Here's the year by year. Obviously, the BTAL blend held up much better in 2022.

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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. Gold should continue to be part of your portfolio with at least 10-15% allocation as portfolio insurance and not necessarily to generate higher returns.

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Good Financial Cents

DECEMBER 22, 2022

2018: – 6.24%. One of the challenges of building a diversified portfolio with individual stocks is that some come with a high sticker price of $2,000 per share, $5,000 per share, or more. Low minimum investment – $10 Diversified real estate portfolio Portfolio Transparency. 2020: 16.26%. 2019: 28.88%.

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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.

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Random Roger's Retirement Planning

SEPTEMBER 12, 2024

He gave examples like Risk Parity, Permanent Portfolio, Talmud (never heard of that one), the Endowment Portfolio and there were comments for others including the Ivy Portfolio which is different from the Endowment Portfolio. In 2018, EBSIX went up until it's ex-dividend date and in 2020 it went up a little more.

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Random Roger's Retirement Planning

AUGUST 28, 2024

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. NTSX is leveraged up such that 67% equals 100% into a 60/40 portfolio. I would also note that managed futures did worse in 2016 than 2018. Closing out with a theory.

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Zoe Financial

FEBRUARY 16, 2023

To implement these strategies successfully, we must first understand the difference between claiming the standard tax deduction and itemizing deductions. In this blog post, we will explore three charitable giving strategies intended for a tax deduction, minimizing record keeping, and increasing donations to charity.

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Random Roger's Retirement Planning

SEPTEMBER 7, 2023

VBAIX is a proxy for a 60/40 portfolio. In 2018, Portfolio 1 was down 18.62% while VBAIX was down 2.82% and VOO dropped 4.50%. For a $100,000 portfolio, a 5% weighting to GDE gives you 4.5% That was the best way I could figure to back test the idea, ASFYX is a client and personal holding. The results.

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Random Roger's Retirement Planning

APRIL 9, 2024

Mutiny Funds put out a paper on the hows and whys of using alts for The Cockroach Portfolio that they manage and that we've looked at a few times. Merger arbitrage has been a pretty reliable way to reduce portfolio volatility and act like how investors hope fixed income will act. There are expectations embedded in these numbers.

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Random Roger's Retirement Planning

DECEMBER 12, 2023

500,000 back then would have grown into $6 million if they panic sold into the 2018 low. In theory, these are the same exposure but Portfolio 2 frees up a lot of cash to cover sequence of return risk. Over the period studied, they're not that far apart and the Portfolio 2 seemed to do pretty well until late 2021.

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Random Roger's Retirement Planning

JUNE 6, 2024

The fund builds a diverse portfolio of stocks and fixed income and layers long and short volatility in there to seek its objective. 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.

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Good Financial Cents

APRIL 1, 2023

That will give you a combined contribution of $13,000, which will also be fully tax-deductible. In theory, the purpose is to exhaust the plan within your lifetime, providing the IRS with its expected tax revenue. If either of you are, tax deductibility may be either limited or eliminated completely. Ads by Money.

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Validea

FEBRUARY 10, 2023

In the wake of the report, which accuses the company of using offshore tax havens improperly, Adani’s seven listed group companies lost a combined $10.73 Quick Links Warren Buffett Portfolio High Momentum Stocks Low Volatility / Conservative Stocks Adani Group has insisted that the report is categorically false.

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