The Big Picture

FEBRUARY 6, 2024

I love finding these people who are just absolute rock stars within their space that most of the investing public probably is not familiar with, haven’t heard about them. Tremendous track record, unusual background comes from computer science and software and, and pivoted into quantitative investing. So I was at Harvard.

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Valuation Investing Investments Assets 130

Trade Brains

DECEMBER 7, 2023

From budgeting basics to investments, these courses offer a comprehensive foundation for managing your money in a better way. Personal Finance for Beginners by FinGrad FinGrad Academy is an educational platform that offers various courses on financial products for better investment opportunities. You can enroll in the course here.

Budgeting 59

Budgeting Certification Education Asset Allocation 59

Random Roger's Retirement Planning

JULY 8, 2023

Barron's had a fun article that looked at some ideas from William Bernstein titled The Trick To A Bullet Proof Portfolio? Invest For The Very Worst Of The Worst. We've studied the Permanent Portfolio and 75/50 going way back to more recently the Cockroach Portfolio and the Dragon Portfolio. Same with the others.

Asset Allocation 64

Asset Allocation Math Portfolio Assets 64

Clever Girl Finance

OCTOBER 20, 2022

Importantly, liquid net worth is different than your overall net worth because it only takes your liquid assets into account. In other words, while your net worth is the complete value of all your assets (i.e., what you owe), the liquid amount you own is only the total value of your liquid assets minus your liabilities.

Assets 59

Assets Accounting Math Portfolio 59

Random Roger's Retirement Planning

FEBRUARY 6, 2024

That argument might pan out but being cynical for a moment, how many pundits who have been saying to add duration here, were right about avoiding duration for investing as opposed to trading for gains at any point when yields were at all time lows and going lower? It is important to understand the math though.

Portfolio 66

Portfolio Math Management Investing 66

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. In the period available to study SPXE, there has been no difference in returns, volatility or portfolio stats.

Retirement 92

Retirement Asset Allocation Math Marketing 92

Investing Caffeine

FEBRUARY 1, 2022

Math Matters. I did okay in school and was educated on many different topics, including the basic principle that math matters. This notion rings especially true when it comes to finance and investing. With that said, I am always quick to point out that diversification in a portfolio is important (i.e.,

Math 52

Math Assets Investing Investments 52

Random Roger's Retirement Planning

FEBRUARY 1, 2024

Anything related to the Permanent Portfolio (portfolio devised by Harry Browne weighting 25% each to stocks, long bonds, cash and gold) or any of the Permanent Portfolio-inspired modern investment products are always fun to look at. I wanted to circle back to the ProShares S&P 500 High Income ETF (ISPY).

Portfolio 40

Portfolio Math Assets Taxes 40

Random Roger's Retirement Planning

DECEMBER 10, 2023

A little more specifically the need for diversified portfolios persists with the implication that bonds are the way to get this done. This chart contributes to the logic supporting a 60/40 portfolio. As a matter of math, it cannot repeat the run from 8.5% down to 0.50% let alone from the all time high of 15% down to 0.50%.

Portfolio 62

Portfolio Math Assets Retirement 62

Random Roger's Retirement Planning

JULY 27, 2022

In my ongoing quest to redefine portfolio construction, I've mentioned labeling asset classes based on their attributes versus just their proper names like growth which could include more than just equities or inflation protected which could include more than just TIPS and so on.

Portfolio 78

Portfolio Clients Assets Math 78

Carson Wealth

MARCH 2, 2023

Often, they have built exceptionally successful careers and saved substantial amounts in various asset classes. Having a good-sized pool of liquid assets is important so you can preserve your capital rather than making withdrawals during an ongoing market downturn, which can have a damaging impact.

Retirement 98

Retirement Taxes Financial Advisor Accounting 98

The Big Picture

OCTOBER 17, 2023

  The transcript from this week’s MiB: Graeme Forster, Orbis Investments , is below. Barry Ritholtz] This week on the podcast, I have an extra special guest, Graham Foster’s pm at Orbis Investment Management. They have a truly unique approach to investing. So I, I did a math degree at Oxford, which is more pure math.

Investing 130

Investing Investments Clients Management 130

Random Roger's Retirement Planning

FEBRUARY 8, 2023

Here are some other numbers compared to the S&P 500 and VBAIX which is a proxy for a 60/40 portfolio. Very simply, each dollar invested gives you $1 of exposure to bonds plus $1 of exposure to managed futures, so there is leverage. It invests 90% in stocks and leverages up to get 60% in fixed income.

Portfolio 40

Portfolio Math Management Investing 40

Darrow Wealth Management

OCTOBER 1, 2022

Using extra income or savings to pay down a mortgage faster moves your most liquid asset (cash) into a very illiquid asset (your home). On the flip side, not having a mortgage in retirement can be beneficial if it reduces overall lifestyle costs and how much you’ll need to draw from your portfolio in retirement.

Retirement 82

Retirement Taxes Math Wealth Management 82

Steve Sanduski

AUGUST 4, 2022

I’ll go straight to the punch line —> The average RIA firm had negative revenue growth over the past five years if you exclude market movement using a traditional 60/40 market portfolio as a proxy for RIA investment allocations. With a traditional 60/40 allocation, this portfolio would have grown about 75.5%

Math 52

Math Portfolio Numbers Distribution 52

The Big Picture

MAY 9, 2023

He is the Chief Investment Officer of Asset and Wealth Management at Goldman Sachs. He co-chairs a number of the asset management investment committees. trillion in assets under supervision. I thought this was an absolutely fascinating way to see the world of investment management. And I think you will also.

Assets 293

Assets Clients Investing Investments 293

Random Roger's Retirement Planning

DECEMBER 1, 2023

I invest in buy-write ETFs that pay 11% or more per year in dividends, which pay monthly (so about 1% per month). Part of the math that determines options premiums is the risk free rate of return from T-bills. I would much rather withdraw 10% or more per year from my retirement accounts and do it without taking any principal.

Math 61

Math Retirement Numbers Portfolio 61

Random Roger's Retirement Planning

JULY 9, 2023

Generally speaking, pensions are less viable than they used to be, the math doesn't work as well. Workers are not on the hook for managing their portfolios, don't have to manage withdrawal rates and have some security that their monthly check is what it is, maybe there's a COLA or maybe not but no surprises. Is he right? Is he wrong?

Retirement 47

Retirement Math Management Taxes 47

The Big Picture

MARCH 20, 2024

At the Money: Benefits of Quantitative Investing (March 20, 2024) Throughout history, investing has been a lot more “Art” than “Science.” But today, data is widely available and it’s a key tool you can use to enhance your portfolio returns. For most of the last century, investing was a lot more art than science.

Investing 157

Investing Investments Portfolio Valuation 157

Aleph

NOVEMBER 1, 2022

I ran a Guaranteed Investment Contract [GIC] desk at Provident Mutual from 1992-1997. Definitions: Guaranteed Investment Contract: A group annuity issued by a life insurance company. Stable Value Funds: Funds that buy investments that absent default, only appreciate, and thus act like a savings account, but with much better yields.

Insurance 59

Insurance Assets Management Math 59

Brown Advisory

AUGUST 1, 2019

Roth and traditional IRAs both provide tax-free growth on invested assets to account owners, but the two options also differ in a variety of ways. Moving to a different state, with potentially very different tax treatment for retirement assets, may change the math governing how the decision plays out over time.

Planning 52

Planning Distribution Taxes Accounting 52

Brown Advisory

AUGUST 1, 2019

Roth and traditional IRAs both provide tax-free growth on invested assets to account owners, but the two options also differ in a variety of ways. Moving to a different state, with potentially very different tax treatment for retirement assets, may change the math governing how the decision plays out over time.

Planning 52

Planning Distribution Taxes Accounting 52

Yardley Wealth Management

JULY 20, 2022

James and Pamela’s Big Dream Excerpt from The Smart Person’s Guide to Financial Planning & Investments: A Simple and Straightforward Approach to Understanding Your Personal Finances By Michael J. We’d look at the asset allocations of their portfolios and whether they’re tax-deferred, tax-exempt, or taxable.

Retirement Planning 52

Retirement Planning Budgeting Retirement Wealth Management 52

Brown Advisory

MAY 31, 2018

Zhang presented data on three key indicators—AI company headquarters, AI patent filings and AI venture capital (VC) investment—to show that the U.S. STEM (science, technology, engineering and math) funding is steadily declining—a dynamic that potentially opens the door for China to gain ground on the AI innovation front.

Startup 52

Startup Math Clients Assets 52

Brown Advisory

MAY 31, 2018

Zhang presented data on three key indicators—AI company headquarters, AI patent filings and AI venture capital (VC) investment—to show that the U.S. STEM (science, technology, engineering and math) funding is steadily declining—a dynamic that potentially opens the door for China to gain ground on the AI innovation front.

Startup 52

Startup Math Clients Assets 52

Clever Girl Finance

AUGUST 2, 2022

There are plenty of ways to increase the value of your investments, whether through growth in the stock market or entrepreneurship. First of all, remember that investment returns take time. Typically, you won’t see results super-fast when investing. It’s possible to turn 10K into 100K, but assets need time to appreciate.

Education 59

Education Retirement Investing Investments 59

The Big Picture

JANUARY 24, 2023

They have $37 billion in clients and their own funds, of which they have invested across a variety of disciplines from credit to strategic capital, as well as taking companies private and helping them grow into something more substantial than they’ve been in the past. It was between corporate law and investment banking.

Investing 260

Investing Investments Numbers Banking 260

Brown Advisory

MAY 3, 2018

We try to remind them that rising rates, despite their inevitable short-term effect on fixed-rate bond prices, do not necessarily mean long-term declines for bond portfolios generally or for municipal bond portfolios specifically. MUNICIPALS AND RISING RATES Simple math dictates that when yields rise, fixed-rate bond prices fall.

Taxes 52

Taxes Portfolio Valuation Clients 52

Brown Advisory

MAY 3, 2018

We try to remind them that rising rates, despite their inevitable short-term effect on fixed-rate bond prices, do not necessarily mean long-term declines for bond portfolios generally or for municipal bond portfolios specifically. Simple math dictates that when yields rise, fixed-rate bond prices fall.

Taxes 52

Taxes Portfolio Valuation Clients 52

The Big Picture

NOVEMBER 14, 2023

She has a really fascinating background, very eclectic, a combination of math and law. Eventually leading her to a point where she’s managing quants, running about a hundred billion dollars in assets. You, you get a, a BS in Mathematics and a JD from Boston University Math and Law. But that was Linda’s career path.

Math 130

Math Management Insurance Assets 130

Mr. Money Mustache

MAY 20, 2022

If you really understand the points above and really feel excited about them, you can drop the fear and stress out of your investing life, which means you will live a life that is both wealthier, and more fun. Instead of investing in a productive asset, these speculators were just assuming the recent momentum would continue.

Marketing 55

Marketing Marketing Retirement Investing 55

The Big Picture

NOVEMBER 22, 2022

And so they stood up a firm called AltFinance, whose main purpose was to help alternative asset managers tap into that rich pool of potential hires. SHAW: So AltFinance is focused on building diversity in the alternative investment industry. Kids that have an interest in investing. Your parent may work there.

Recruitment 144

Recruitment Engineering Investing Investments 144

Brown Advisory

JUNE 16, 2022

Global Leaders Investment Letter: June 2022 mhannan Thu, 06/16/2022 - 11:30 Just want the PDF? Long duration assets are losing favour given higher rates act like gravity on the price of securities whose intrinsic value is based on cash flows generated further into the future.

Investing 52

Investing Investments Valuation Accounting 52

The Big Picture

AUGUST 29, 2023

Greg Davis, Chief Investment Officer at a little shop called the Vanguard Group, which manages $8 trillion. Few people are in a position to see what’s going on in the world of investing, whether it’s institutional or retail, better than Vanguard CIO. GREG DAVIS, CHIEF INVESTMENT OFFICER, VANGUARD GROUP: Thanks, Barry.

Portfolio 130

Portfolio Investing Investments Numbers 130

The Big Picture

JANUARY 9, 2024

So like a component of it was like the standard derivatives math, right? And so like, you know, I got there and I learned derivatives math, right? It was derivatives math, it was like working with the traders on like risk management. Like, like the, you know, like the accounting standards.

Retail 130

Retail Banking Math Management 130

Zajac Group

AUGUST 11, 2022

Does it make sense for your total investment portfolio? If the math suggests buying additional shares is the best bet, it may seem like a no-brainer to do so. However, if your gut, and/or your investment plans don’t call for buying additional employee stock shares, maybe you shouldn’t.

Taxes 52

Taxes Sales Numbers Investing 52

Clever Girl Finance

JANUARY 29, 2023

What's included with net worth Net worth includes your assets and your liabilities. Subtract your liabilities from your assets to get your net worth. Your assets include everything from the cash in your bank accounts to the value of your stock portfolios and the market value of anything tangible that you own such as a house or a car.

Budgeting 114

Budgeting Retirement Assets Education 114