Random Roger's Retirement Planning

FEBRUARY 6, 2024

That's pretty much what happened starting at the very end of 2021. It is important to understand the math though. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation. I think managed futures are pretty good at this as just one example.

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Random Roger's Retirement Planning

NOVEMBER 19, 2023

What I took from it was that the safe withdrawal rate in 2021 was 3.3%, last year it was 3.8% Part of the math that determines options premiums is the risk free rate of return from T-bills. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation.

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The Big Picture

AUGUST 20, 2024

00:03:14 [Mike Greene] So that was actually an outgrowth from my experience coming out of Wharton and you mentioned the, the, you know, the transition of people who tended to be skilled at math or physics into finance. People earn wages, whether it’s a retirement account or a tax deferred account or just an investment account.

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The Big Picture

MAY 9, 2023

So how do you then go from tax and audit practice to finance and investing? So I took it upon myself to go off and took a course in bond math, took another course in derivatives and realized the underlying fundamental concepts were barely, I mean, it wasn’t even high school math in most cases. Very different fields.

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Investing Caffeine

FEBRUARY 1, 2022

T he stock market has been like a rocket ship over the last three years 2019/2020/2021, advancing +90% as measured by the S&P 500 index, and +136% for the NASDAQ. Math Matters. I did okay in school and was educated on many different topics, including the basic principle that math matters. Source: Calafia Beach Pundit.

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Zajac Group

FEBRUARY 10, 2025

If you dig even deeper, you may also think about tax implications, including the alternative minimum tax and qualified holding periods. But the basics of equity compensation and tax aside, theres something else you might want to be mindful of something that is a bit more difficult to define or quantify.

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Random Roger's Retirement Planning

DECEMBER 11, 2024

If we stop that backtest at the end of 2021, the two levered portfolios outperformed by five and four basis points respectively, each with noticeably higher standard deviations and lower Sharpe Ratios. A 20% drop in managed futures that is leveraged to a 40% weight would have added another 800 basis points to the decline (simple math).

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The Big Picture

SEPTEMBER 12, 2022

I — I loved math, but really, I was going to go down that literature route more than anything else and — and study Spanish literature. there’s a big focus on how do we optimize for tax efficiency, too. It’s different wealth regimes, it’s different tax regimes. RITHOLTZ: Applied Mathematics, Quants, those guys, yeah.

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The Big Picture

SEPTEMBER 19, 2023

One, one is true and I’ve always said is that I wanted people to stop, ask if I could doing math. And no one asked me if I can do math anymore with a degree from Booth, particularly in econometrics and statistics. So people really ask you, you take French and can you do math. Two reasons. There was a good equity rebound.

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Random Roger's Retirement Planning

SEPTEMBER 29, 2024

The math is only off by a shade using leverage via UST and a little bit of SSO, remember RPAR is leveraged. In 2020, RPAR did much better than the replication, did a little worse in 2021, 2023 and 2024 YTD and in 2022 RPAR lagged the replication by 11%. The Replication is based on this from RPAR.

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The Big Picture

OCTOBER 17, 2023

So I, I did a math degree at Oxford, which is more pure math. You know, pure math can be very theoretical and detached from the real world, and it’s getting worse. You don’t have to pay any tax and just let the rest ride. It’s just math stick to it over long periods of time. You give out 5%.

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The Big Picture

DECEMBER 6, 2022

You have the liquidity, the tax efficiency, the transparency. And I did the math, and I think at that point in time, roughly speaking, assets in ETS were roughly just 10 percent, 12 percent of assets in mutual funds and I was pretty convinced that that number was to increase significantly. We had really good 2021 in terms of inflows.

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The Big Picture

AUGUST 29, 2023

Also being cognizant of the tax implications of trading activity. They like tax-free income, but they also don’t like principal losses. But if you go back to the period before 2022, from 2019 to 2021, a 60/40 portfolio actually produced 14% returns over that time horizon, which is above the long-term average.

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The Big Picture

AUGUST 15, 2023

So for a taxable investor, hedge funds generally aren’t tax efficient. And when you look at the assets that are invested, the three trillion in hedge funds, I would guess that north of 90% of that are in institutions that don’t pay taxes. It’s part of their own tax planning. I like Buffett’s idea.

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Mish Talk

NOVEMBER 19, 2022

After a stint in Hong Kong, Mr. Bankman-Fried and FTX made their home in the Bahamas, moving in 2021 to take advantage of the island country’s crypto-friendly regulatory regime. The owner got to know Mr. Bankman-Fried’s father, Stanford tax-law scholar Joseph Bankman, during his visits to Nassau to spend time with his son.

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The Big Picture

JANUARY 5, 2025

Institute for New Economic Thinking ) Insurance and Taxes Now Cost More Than Mortgages for Many Homeowners : Ballooning expenses rewrite the math of homeownership. This December, Ohanian retracted his claim; Hoover retracted 8 additional Ohanian claims.

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The Big Picture

MARCH 21, 2023

My mom was a math teacher so — RITHOLTZ: Okay. You can argue they’re — RITHOLTZ: A more tax efficient than that? ASNESS: More tax efficient dividend. And by the way, I don’t take a great stance on how they should be taxed. He’s the genius in math. That’s a separate issue.

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The Big Picture

MARCH 12, 2024

That includes all of its changes in its property taxes, it’s, it’s depreciable life for the improvements of the assets. Well, I think that same thing’s been happening in commercial now for the last, you know, since 2021 is that physical occupancy is the leading indicator to economic occupancy. Sometimes five years.

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The Big Picture

OCTOBER 10, 2023

Michael Lewis ] 00:01:42 So this friend reaches out in September of 2021, and I’d never heard of Sam Bankman Fried or F T X , I hadn’t been paying much attention to crypto. Because he was all sure he was a totally isolated math. So, so he’s brilliant at math. He goes to m i t to study, study physics and math.

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Random Roger's Retirement Planning

NOVEMBER 22, 2024

The way Portfolios 1 and 2 are weighted, the math works for being a 60/40 portfolio and then from there we add portable alpha/capital efficiency/return stacking. In late 2021, when things were going well in markets, they brought up whether they should start to give out a higher percentage every year. I'm a research volunteer.

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The Big Picture

MAY 21, 2024

I’m kind of in intrigued by the idea of philosophy and math. So I found myself getting kind of bored with my math problem sets, and then I could shift to philosophy and then go back and forth. It’s all tax free. In not paying your taxes. So ba in mathematics and philosophy from Berkeley, an MBA from Columbia.

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The Big Picture

JULY 31, 2023

Burger King Tim Hortons, I remember very clearly because it was in the middle of those waves of kind of tax dodgy, those inversion deals. I mean, you’re talking about, I don’t, I could do the math, it’s like a 10,000% return in like three weeks. And that’s sort of the math. RITHOLTZ: Right.

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The Big Picture

NOVEMBER 21, 2023

So here’s the math, Barry. If you start with a thousand and you only have an addition of $750 a year, okay, families can contribute to that, your 00:44:48 [Speaker Changed] Corporate tax free. You take it out tax free as well. You cannot anchor yourself to some delusional price you got in 2020 or 2021. Completely.

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The Big Picture

JUNE 20, 2023

MORGENSON: And by 2021, they were extracting 70 billion in dividend recapitalizations. And it really became very evident in a 2021 study by academics, I think University of Chicago, UPenn, NYU, that studied long-term mortality at nursing homes that were owned by private equity and compared that with nursing homes. RITHOLTZ: Wow.

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The Big Picture

MAY 16, 2023

Literally the first check-in to Robinhood, which went public in 2021 at about a $34 billion valuation. I wrote a, a column in 2021 for Bloomberg, “What My Worst Trades Taught Me About Investing.: So this is the math that I applied. So think about this, do the math. LINDZON: They have their own tax problems.

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The Big Picture

AUGUST 23, 2022

So, I did the math, 20 million times a hundred. So, let me just repeat the math. And so, again, I went through this simple math. And they said as a result of them earning zero, the $230 million of taxes that was paid in the previous year is paid in error and we’d like that money back. It is $2 billion on the ship.

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The Big Picture

MARCH 17, 2025

You sit in a room all day doing tax returns or something, it’s just not, you know, that it seemed antisocial. Wasn’t the Excel spreadsheet error, which changed their math. A massive buildup in military, you know, couple of huge tax cuts deficits were increasing, the debt was increasing very rapidly. I mean Yep.

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