Random Roger's Retirement Planning

APRIL 9, 2024

Mutiny makes a point that I've been writing about and have embedded into my process since 2004. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation. Getting that 189% between ages 50 and 60 will be far more impactful than between 25 and 35.

Management 98

Management Retirement Planning Portfolio Retirement 98

Validea

MAY 16, 2025

Motley Fool Small-Cap Growth Investor 10 Tax Efficient 7/15/2003 13.50% 8.50% 5.00% 1.11 Martin Zweig Growth Investor 20 Tax Efficient 7/15/2003 12.70% 8.50% 4.20% 1.06 James O’Shaughnessy Value Composite Investor 10 Tax Efficient 12/26/2008 16.20% 12.40% 3.80% 1.23

Marketing 52

Marketing Marketing Taxes Portfolio 52

Trade Brains

APRIL 12, 2023

Equitas SFB posted a profit after tax of Rs 170 crore in Q3FY23 taking it’s trailing twelve months (TTM) net profit to Rs 503 crore against Rs 281 crore in FY22. Furthermore, the TTM profit after tax after Q3FY23 was Rs 982 crore. The gross advances and total deposits stood at Rs 24,915 crore and Rs 23,393 crore respectively.

Banking 97

Banking Retail Communication Assets 97

Walkner Condon Financial Advisors

FEBRUARY 15, 2024

While no significant decreases in charitable giving were found, CCS did find that “in more recent presidential election years, it appears that political giving is making up an increasingly larger percentage of all giving during the months surrounding the election, hovering around 12% in the fall of 2016 compared to around 8% in the fall of 2004.”

Nonprofit 89

Nonprofit Distribution Government Assets 89

Random Roger's Retirement Planning

APRIL 23, 2023

The Atlantic had what I would describe as a very left leaning article about lowering the retirement age in the US while increasing payroll taxes to pay for it and to cover the expected shortfall in Social Security due to hit in 10-12 years. For the record, I am very centrist. Some conservative ideas appeal to me as do some liberal ideas.

Retirement 75

Retirement Planning Advertising Budgeting 75

Trade Brains

FEBRUARY 14, 2023

Top Mutual Funds For SIP #2 – IDFC Tax Advantage (ELSS) Direct Plan-Growth Fund Company IDFC Asset Management Company Ltd Size (AUM in Cr) 4,033 3-yr returns (CAGR) 22.56 of Stocks Held 48 IDFC Tax Advantage (ELSS) Fund is an equity-linked savings scheme from IDFC Mutual Fund. It has been in existence since August 16, 2004.

Healthcare 59

Healthcare Retirement Banking Investing 59

Validea

APRIL 8, 2024

It is calculated by dividing a company’s after-tax operating profit by its invested capital. He back tested the strategy from 1988 to 2004 and found that a portfolio of the top 30 magic formula stocks, rebalanced annually, would have returned 30.8% per year on average, compared to 12.4%

Valuation 52

Valuation Retail Investing Investments 52

The Richer Geek

FEBRUARY 23, 2022

Russ began his professional career as an investment advisor in 2004 after graduating from Auburn University — a slight foray from 10-year-old Russ’ dream of becoming a professional baseball pitcher. I'm happy to have this week I have Joey Mure and Russ Morgan. They are founding partners of “Wealth without Wall Street”.

Estate Planning 52

Estate Planning Planning Taxes Investment Advisor 52

Trade Brains

NOVEMBER 27, 2023

Company Overview Incorporated in 2004, Servotech Power Systems Ltd is a comprehensive manufacturer, procurer, and distributor of advanced solar products, medical devices, and energy-efficient lighting solutions. Year Revenue (in Crores) Profit after tax (in Crores) 2019 ₹ 88.5 ₹ 3 2020 ₹ 87.44 ₹ 0.81 Crores in FY23. 2021 ₹ 86.99 ₹ 0.92

Planning 72

Planning Medical Manufacturing Healthcare 72

Mr. Money Mustache

JANUARY 29, 2021

The problem: I didn’t have anywhere near $400,000 sitting in my checking account, and I did not want to sell a bunch of shares and trigger capital gains taxes (which in my case would be at least $60,000), just for this short term project. This avoids triggering unnecessary capital gains taxes. No delays, and no taxes.

Accounting 53

Accounting Taxes Investing Investments 53

Trade Brains

MARCH 31, 2023

crores for the sword of Tipu Sultan at an auction in London in the year 2004. The airlines in India were hit harder due to the taxes and levies imposed by the government. Kingfisher had created three new departments in the airline to avoid paying capital gains tax. This included a bid that he won at 1.7 5665 crores.

Banking 52

Banking Transportation Taxes Ethics 52

Trade Brains

JUNE 2, 2023

The bank engaged in capital market services, foreign currency and derivatives, cross-border commerce, correspondent banking services, and tax collection. In June 2004, the bank amalgamated with Ashok Leyland Financing, one of India’s leading leasing financing and hire purchase businesses.

Banking 52

Banking Financial Services Retail Assets 52

Brown Advisory

MAY 31, 2017

stocks since the middle of 2004. However, when measuring valuation using EV/EBITDA (enterprise value divided by earnings before interest, taxes, depreciation and amortization), a metric that we consider to be more accurate and helpful, the divergence of Europe from the U.S. European stocks have traded at lower P/E ratios than U.S.

Portfolio 52

Portfolio Asset Allocation Valuation Economics 52

Brown Advisory

MAY 31, 2017

stocks since the middle of 2004. However, when measuring valuation using EV/EBITDA (enterprise value divided by earnings before interest, taxes, depreciation and amortization), a metric that we consider to be more accurate and helpful, the divergence of Europe from the U.S. European stocks have traded at lower P/E ratios than U.S.

Portfolio 52

Portfolio Asset Allocation Valuation Economics 52

The Big Picture

NOVEMBER 21, 2023

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. So here’s the math, Barry. 00:44:49 [Speaker Changed] Correct? Completely. Your corporation can contribute to it.

Investments 246

Investments Investing Startup Accounting 246

The Big Picture

JUNE 6, 2023

So, you start the blog in 2004, more or less. SETHI: When I show people for example that if you take a mortgage, you might as well just add on 50 percent to that mortgage to account for taxes, interest, maintenance, opportunity costs they are shocked they can’t believe it. SETHI: Yes. RITHOLTZ: That’s really fascinating.

Accounting 130

Accounting Numbers Budgeting Financial Counseling 130

The Big Picture

APRIL 4, 2024

And they kept it there all the way to 2004, and the joke was in 2003 and 2004 was an emergency rate when there was no clear emergency. And you’re right, the first example of emergency policy was after 9/11, when they cut rates down to the unfathomable level back then, of around 1%. Can you beat the course?

Portfolio 162

Portfolio Management Assets Banking 162

Random Roger's Retirement Planning

JUNE 3, 2023

If congress does nothing, then starting in 2034 incoming payroll taxes would cover 80% of retiree payouts implying a 20% cut. Cutting benefits and raising taxes are the two most talked about way to fix it. There's been talk of raising the cap on payroll taxes. More taxes on workers? FRA of 72? I don't know.

Retirement 72

Retirement Taxes Math Accounting 72

The Big Picture

JUNE 11, 2024

He began as an attorney working on things like taxes and, and trusts in estates and consulting for various RIA firms when he became an RIA and eventually bought creative planning when it had, you know, a handful of, of clients and, you know, 30, $35 million. What led you to acquire the company in 2004? That was back in 1983.

Planning 162

Planning Clients Investing Investments 162

The Big Picture

OCTOBER 24, 2022

And actually, I was at the PPI, most people may not remember this, but in 2004, the PPI was a month and a half late. And you could look around and find Munis running a tax equivalent — NORTON: That’s right. RITHOLTZ: — of tax loss harvesting, which is just astonishing. RITHOLTZ: — in the fours or higher.

Portfolio 130

Portfolio Management Assets Investments 130

Random Roger's Retirement Planning

DECEMBER 22, 2023

There's a lot of neat things about 19+ years of blogging, I started in Sept 2004, including circling back around to ideas that we started talking about a longggggg time ago. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation.

Portfolio 74

Portfolio Asset Allocation Accounting Management 74

Walkner Condon Financial Advisors

FEBRUARY 6, 2024

The emerging markets asset class outperformed all others in 2003, 2005, 2007 and 2009, while finishing second in 2004, 2006, and 2012. In contrast, Emerging Markets over the 2003-2012 period provided investors with Doc Brown’s requisite 1.21 jigawatts of investing power (and volatility)! Sounds unstoppable, right?

Assets 59

Assets Investing Investments Marketing 59

The Big Picture

AUGUST 29, 2022

And so, I was doing that in 2000, 2002, 2003, 2004. BALCHUNAS: … a couple trillion stuck in there because of taxes. RITHOLTZ: Super tax-efficient …. So the question is if — if the mutual fund was introduced as a new product today, would that pass SEC muster versus the dominant ETF with its tax efficiency?

Assets 173

Assets Management Marketing Marketing 173

The Big Picture

OCTOBER 17, 2023

[Barry Ritholtz] : 00:17:05 [Speaker Changed] The, the rule to be tax exempt in the US is you have to disperse 5% of the foundation. You don’t have to pay any tax and just let the rest ride. The, the decision to set up in Bermuda was the founder’s original decision based, not on tac everyone assumes tax.

Investments 130

Investments Investing Clients Numbers 130

The Big Picture

APRIL 11, 2023

RITHOLTZ: So that’s really interesting because what I wrote down was tax efficiency is one of the drivers. DAMODARAN: If I can throw this out to my class, and the first thing they come up with is it more tax-efficient to do buybacks than dividends? DAMODARAN: Capital gains then were taxed with 28 percent. DAMODARAN: Right.

Valuation 298

Valuation Education Numbers Government 298

Random Roger's Retirement Planning

JANUARY 14, 2025

So in the context of looking over my shoulder, this started long before 2004 when I started blogging and before I was a portfolio manager. The Type 1, the new green one, is a 2004 with very low miles and very low hours on the pump. Sidebar, never stop learning. So I've been collecting information for decades.

Investments 52

Investments Investing Engineering Clients 52

The Big Picture

JUNE 14, 2023

New York Times ) • These millionaires want to tax the rich, and they’re lobbying working-class voters : The nonprofit Patriotic Millionaires has lobbied Congress to make changes for more than a decade. He cofounded Tikehau in 2004 with Antoine Flamarion, a colleague at Deutsche Bank, and runs the US division.

Nonprofit 279

Nonprofit Taxes Numbers Assets 279

The Big Picture

AUGUST 23, 2022

And so, one by one by one, some oligarchs went to Putin after Khodorkovsky was convicted and sentenced to 10 years and they say to Putin, it’s the summer of 2004, Vladimir, what do we have to do so we don’t sit in the cage, and Putin says, real simple, 50 percent. It was the largest tax refund in the history of Russia.

Government 321

Government Banking Numbers Investing 321

Calculated Risk

MAY 22, 2023

C]urrent forecasts suggest that under a reasonably wide variety of possible tax and spending policies, the resulting surpluses will allow the Treasury debt held by the public to be paid off. 3) The 2001 and 2003 Bush Tax Cuts. Instead, the tax cuts (mostly for the wealthy) turned the surpluses into deficits and reduced revenue by $1.5

Budgeting 363

Budgeting Taxes Economy Economics 363

Calculated Risk

MAY 21, 2024

C]urrent forecasts suggest that under a reasonably wide variety of possible tax and spending policies, the resulting surpluses will allow the Treasury debt held by the public to be paid off. 3) The 2001 and 2003 Bush Tax Cuts. Instead, the tax cuts (mostly for the wealthy) turned the surpluses into deficits and reduced revenue by $1.5

Taxes 321

Taxes Budgeting Economy Economics 321

Carson Wealth

NOVEMBER 11, 2024

The big surprise for many, though, was Trump won the popular vote as well, the first Republican to do this since 2004. This was interesting, as yields soared and the past few years have seen higher yields as a negative for small caps, but optimism over lower taxes sparked the rally, in our opinion.

Marketing 95

Marketing Marketing Economy Numbers 95

The Big Picture

MAY 16, 2023

RITHOLTZ: 2004, 2005. How do I go about protecting this giant pool of capital and how do I not get killed tax wise? LINDZON: They have their own tax problems. RITHOLTZ: Hey, you could get tax-free munis now. How’s my 10 grand doing? LINDZON: Yes. And So now flash forward to, you know, I’m a hedge fund guy.

Media 290

Media Investing Investments Valuation 290

The Better Letter

FEBRUARY 28, 2025

Friends was a television ratings juggernaut for ten seasons from 1994-2004. Third, sensible investors create portfolios with concern for tax considerations. The principles of equity orientation, diversification, and tax sensitivity find support both in common sense and academic theory.” Of course, it’s a pickup line.

Portfolio 65

Portfolio Asset Allocation Investing Investments 65

Carson Wealth

NOVEMBER 8, 2024

The big surprise for many, though, was Trump won the popular vote as well, the first Republican to do this since 2004. This was interesting, as yields soared and the past few years have seen higher yields as a negative for small caps, but optimism over lower taxes sparked the rally, in our opinion.

Economy 142

Economy Investing Investments Taxes 142