Random Roger's Retirement Planning

JUNE 10, 2024

We've talked just a couple of times about the market becoming increasingly concentrated which just in terms of math means that a diversified strategy will lag for as long as the big names do well. Despite outperforming for 15 years, PSLDX was down 43% in 2022 which speaks to what diversification is about. In 2022 they didn't work.

Retirement 98

Retirement Asset Allocation Math Marketing 98

Diamond Consultants

OCTOBER 10, 2023

Advisors continue to break away from captive environments for independence, with some 6,873 making the leap in 2022 according to the Diamond Consultants Advisor Transition Report. Advisors breaking away for independence know what they are giving up, so how can they justify making this leap? The answer starts and ends with growth.

Math 52

Math Recruitment Consulting Clients 52

The Big Picture

JANUARY 21, 2025

But the numbers you can’t argue with, I mean, we all know that the brutal math of investing before costs investors collectively will earn the market return after costs. I did it during the coronavirus collapse in 2020, and I did it again in 2022. So what do you discuss with your wife and kids about taxes? Right, right.

Investments 147

Investments Investing Management Retirement 147

Brown Advisory

JUNE 16, 2022

Global Leaders Investment Letter: June 2022 mhannan Thu, 06/16/2022 - 11:30 Just want the PDF? We discount each year at our 10% minimum weighted average cost of capital (WACC) and some infinite series maths gives us the basis for some rough approximations 2. That assumes I pay no taxes which is very hard.

Investing 52

Investing Investments Accounting Valuation 52

Darrow Wealth Management

MAY 22, 2023

In fact, the Federal Reserve has raised the upper limit federal funds rate by 5% since the beginning of 2022. Again just using simple math, this presumes the par value will roll over each month and reinvest at the same rate to get to the annual yield. Hold cash or invest? Interest rates have skyrocketed since the end of 2021.

Investing 102

Investing Investments Accounting Wealth Management 102

Good Financial Cents

SEPTEMBER 29, 2022

However, by doing a little math, you can easily determine your hourly wage from your annual salary. represents your gross hourly rate before taxes or other deductions. every two weeks, before taxes and other deductions like health insurance premiums, FICA, or insurance. How Much Is $55000 a Year After Taxes? Biweekly Pay.

Budgeting 64

Budgeting Taxes Transportation Insurance 64

Walkner Condon Financial Advisors

JUNE 2, 2023

Unfortunately, we’re not quite there yet as a society, since as of 2022, the Bureau of Labor Statistics reports only a third of financial advisors are women. In 2022, nearly 42% of the externships participants were women. The importance of getting women into financial planning feels like it should go without saying.

Financial Planning 98

Financial Planning Planning CFP Financial Advisor 98

Random Roger's Retirement Planning

FEBRUARY 24, 2024

In the case of real estate a 2.29% weighting and for "private equity" companies it's about 17 basis points (looked at XLF holdings and then did a little math), that's just not going to move the needle. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation.

Math 75

Math Portfolio Marketing Marketing 75

Random Roger's Retirement Planning

AUGUST 1, 2024

Despite the leveraged semiconductor ETFs, when blended with USMV, the portfolio is underweight technology versus the S&P 500 using simple math, it works out to about 26% versus closer to 40% for the S&P 500. They even did much better than 60/40 in 2022 dropping only low to mid single digits.

Math 52

Math Portfolio Taxes Accounting 52

Zajac Group

AUGUST 11, 2022

However, a down stock price might mean that you could score some tax breaks if you exercise and hold some of those ISOs. When the price is down, the move might help minimize alternative minimum tax (AMT). Controlling additional shares bought outright, coupled with a disqualified ISO sale, may result in a higher after-tax value.

Taxes 52

Taxes Sales Numbers Investing 52

Investing Caffeine

FEBRUARY 1, 2022

After this meteoric multi-year rise, stock values started to come back to earth in 2022, and the rocket ship turned into a roller coaster during January. 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. www.Sidoxia.com.

Math 52

Math Assets Investing Investments 52

Random Roger's Retirement Planning

NOVEMBER 19, 2023

I was little concern during 2022 with high inflation with the market downturn. 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.

Retirement 75

Retirement Accounting Math Healthcare 75

The Big Picture

FEBRUARY 6, 2024

You wouldn’t be surprised to learn the tax consequences of owning a mutual fund is a part of it. I’d say management consulting is any of the other thing that least at that time was the other career trajectory, just my personality, more of a math oriented introvert. Quality strategies in 2022. Really fascinating guy.

Valuation 130

Valuation Investing Investments Assets 130

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.

Clients 299

Clients Wealth Management Banking Investing 299

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.

Assets 299

Assets Clients Investing Investments 299

Clever Girl Finance

OCTOBER 17, 2023

What about after taxes and benefits? How much an hour is 45000 a year after taxes? Some fall under different tax situations that can affect your take-home amounts. How much an hour is 45000 a year…after taxes? How much an hour is 45000 a year after taxes? So, 45,000 a year is how much an hour?

Taxes 52

Taxes Numbers Math Budgeting 52

The Big Picture

NOVEMBER 15, 2022

Hey, show me companies where the board has at least two women on it, or you could tilt towards value, or you could tilt towards small cap, or you can use it for tax loss harvesting or philanthropy. I read all those academic papers, I understand where the math comes from. It’s how math works. RITHOLTZ: Right. NADIG: Right.

Management 278

Management Assets Portfolio Investing 278

Random Roger's Retirement Planning

DECEMBER 11, 2024

Imagine the Intel scenario of down 59% on top of VBAIX dropping 16% in 2022. Most of the improved return can be attributed to 2022. 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). In 2008, VBAIX was down 23%.

Portfolio 52

Portfolio Management Math Taxes 52

Random Roger's Retirement Planning

SEPTEMBER 29, 2024

The authors noted that risk parity did very well for a long time but that "bond based risk-parity failed miserably in 2022." In fund form, it started doing badly long before 2022 which is corroborated by AQR's change to AQRIX in 2019. Both 2 and 3 were up in 2022 while the RPAR replication was down 11%.

Portfolio 52

Portfolio Assets Management Math 52

Random Roger's Retirement Planning

DECEMBER 1, 2023

Part of the math that determines options premiums is the risk free rate of return from T-bills. In 2022 it dropped 13% versus about 19% for the S&P 500. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation.

Math 74

Math Retirement Numbers Portfolio 74

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.

Assets 147

Assets Management Investing Investments 147

Sara Grillo

MAY 16, 2022

From the company’s website, as of May 16th, 2022: Single people. From the company’s ADV Part 2 brochure, as of May 16th, 2022: Fees are set as a fixed annual fee, paid quarterly, and based approximately on the total time required to service an account yearly. 375 start up. $89 89 per month. 450 start up. 139 per month.

Financial Advisor 52

Financial Advisor Financial Advice Financial Planner Assets 52

The Big Picture

NOVEMBER 21, 2023

So, 00:25:52 [Speaker Changed] You know, as you know, 2022 was a tech recession. And what we were already hearing throughout 2022 was the voracious appetite people had for Nvidia GPUs. 00:30:51 [Speaker Changed] So we were shorting the components of those indexes that we thought had gotten too bold up as safety trades in 2022.

Investing 246

Investing Investments Startup Accounting 246

The Big Picture

OCTOBER 21, 2024

As an example, institutional investors mentioned King Street in 2022, perhaps the worst year for hedge funds since oh 8 0 9. I’m good at math and science and you know, I always had an idea what go into business, but I felt that electrical engineering would be a good foundation. Tell us what it was like trading in 2022.

Numbers 147

Numbers Banking Investing Investments 147

The Big Picture

JANUARY 16, 2024

I was always good at math, but I really, I just didn’t relate to things that were more esoteric bonds options. As it did, I worked for a very large syndicator right out of school, which was right around the time the tax laws changed. But in those days, there were very tax driven investment. I have no family history.

Assets 264

Assets Investing Investments Management 264

Good Financial Cents

DECEMBER 19, 2022

When you actually do the math, traditional braces or Invisalign can easily cost $24,000 or more for four kids! One of the benefits of an FSA is that it can help people save money on taxes. And, because the money in your HSA grows tax-free, it can really add up over time. million customers in the United States as of 2022.

Insurance 84

Insurance Planning Medical Accounting 84

Brown Advisory

JANUARY 17, 2024

We all know that a 55% hit rate is the top decile across the industry, and the maths above demonstrates why. We have both of these potential investments on our Ready-to-Buy list, and both had gotten to within 10% of prices where we thought they represented very good value in the past few years (Nvidia in Oct 2022, Novo Nordisk in Dec 2020).

Investing 52

Investing Investments Portfolio Compliance 52

The Big Picture

AUGUST 29, 2023

Also being cognizant of the tax implications of trading activity. I got to imagine a year like 2022 wasn’t horrible for Vanguard’s asset growth. They like tax-free income, but they also don’t like principal losses. Go to the decade before 2022, the equity side was something like 13%.

Portfolio 130

Portfolio Investing Investments Numbers 130

The Big Picture

JANUARY 9, 2024

I published what’s called a comment, so like a very short one about this great tax law case with this guy who like won the lottery and then wanted to get his lottery winnings treated as capital gains. So like a component of it was like the standard derivatives math, right? Matt Levine : 00:03:44 You know, I did. And he lost.

Retail 130

Retail Banking Math Management 130

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%.

Investing 130

Investing Investments Clients Management 130

The Better Letter

JUNE 23, 2022

Make Fewer Decisions It’s simple math. I come into the peace of wild things who do not tax their lives with forethought of grief. Issue 119 (June 24, 2022) 1 The distinction is perhaps best explained by a shooting-range metaphor. I’m not talking about procrastination, although doing so often helps. Now and forever.

Numbers 52

Numbers Accounting Insurance Math 52

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. 21, were up 28 percent. BERRUGA: Yeah.

Clients 162

Clients Investing Investments Management 162

The Better Letter

OCTOBER 20, 2022

1:39 PM ∙ Oct 16, 2022 76 Likes 4 Retweets I could offer multiple counters to this complaint (for example, any “fairness” argument ought to consider the lack of equity among teams and their payrolls). To do math, neither maturity nor knowledge of human nature and experience are required. Baseball teams play 162 games.

Math 81

Math Numbers Banking Medical 81

The Big Picture

JULY 29, 2024

People who were deeply concerned about task loss harvesting, either they’re selling a business, they have low cost stock or founder stock, or some other capital gain they’re trying to manage through highly concentrated position that they want to de-risk but not create a giant tax obligation. But there were so many requests for it.

Clients 147

Clients Portfolio Financial Advisor Investing 147

Random Roger's Retirement Planning

FEBRUARY 1, 2024

In 2008, S&P+PRPFX did worse than 60/40 by about 300 basis points and in 2022 it did better by about 350 basis points. The 75/50 captures 75% of the upside with only 50% of the downside, the math on that works out favorably over the long term. XYLD was down about 2/3rds of what the S&P 500 was down in 2022.

Portfolio 40

Portfolio Math Assets Taxes 40

David Nelson

AUGUST 8, 2022

The Inflation Reduction Act of 2022 has passed the Senate with a tie breaking vote from Vice President Kamala Harris. The last holdout was Senator Kyrsten Sinema who held up the bill demanding the revised tax code on Carried Interest Income be taken out settling instead for a 1% tax on stock buybacks. By David Nelson, CFA.

Taxes 98

Taxes Budgeting Math Management 98

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. ASNESS: — before 2022. They did not particularly help in 2022.

Valuation 173

Valuation Investing Investments Numbers 173