The Big Picture

OCTOBER 23, 2023

October 2, 2017) 100-Year Bonds Can Fund Big Infrastructure Projects (September 3, 2019) Cost of Financing US Deficits Falls (December 18, 2020) Time to Stop Believing Deficit B t (September 3, 2021) MiB: Gary Cohn, Director of the National Economic Council, President of Goldman Sachs (September 30, 2023) _ 1.

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Government Economics Budgeting Taxes 334

The Big Picture

MAY 15, 2023

My back-to-work morning train WFH reads: • Ken Griffin’s Hand-Picked Math Prodigy Runs Market-Making Empire : Citadel Securities CEO Peng Zhao left for college at age 14, caught Griffin’s eye early in his career and built systems now mopping up market share. The Atlantic ) • What’s the Deal With Adulthood?

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Random Roger's Retirement Planning

FEBRUARY 23, 2025

The "endowment" result is very close to red line VBAIX every year except 2020 when it lagged by almost 600 basis point and 2022 when it outperformed by about 500 basis points. It did worse in the 2020 Pandemic Crash by 200 basis points which isn't problematic for how quickly everything snapped back. Is it this?

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Math Portfolio Taxes Marketing 52

Random Roger's Retirement Planning

MARCH 18, 2025

And checking in on the GraniteShares YieldBoost SPY ETF (YSPY) that sells put spreads on a levered S&P 500 ETF; Yes, that is a rough start, clearly, but interestingly the math checks out. Portfolio 1 lagged by quite a bit in 2019 and then even more in 2020. YSPY sells put spreads on a 3x fund.

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Marketing Marketing Math Portfolio 52

The Big Picture

AUGUST 29, 2023

My Two-for-Tuesday morning train WFH reads: • Stock Pickers Never Had a Chance Against Hard Math of the Market : In years like this one, when just a few big companies outperform, it’s hard to assemble a winning portfolio. 2020 Pandemic Panic ?!? ( Businessweek ) but see With cash earning 5%, why risk money on the stock market?

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Random Roger's Retirement Planning

APRIL 22, 2024

The article devoted a good amount of space to bond market math, focusing on the pain of owning the iShares 20+ Year Treasury ETF (TLT) and bond funds in general. There is nothing that says TLT must get back to the $171 dollars it traded at in 2020.

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The Big Picture

SEPTEMBER 7, 2022

But last year, 2020, how do you look at these breaking new stories and all the buzz and mania around an IPO for both good and bad? RITHOLTZ: So let’s talk about some imbalances, and I’m thinking about the sort of meme stock mania that began in 2020, when everybody was stuck at home during the pandemic, and just exploded in 2021.

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Random Roger's Retirement Planning

FEBRUARY 10, 2025

Two of the three strategies have traded sideways in the 2020's. Simple math, it looks like the carry index has compounded at less than 3%. I said I was interested enough to start following it, having no idea what to expect. This chart from the paper doesn't paint a rosy picture. The red line for T-bills is price only.

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Random Roger's Retirement Planning

JULY 17, 2022

There's other math about outperformance but also the observation that momentum is prone to crashes. You don't see that before the 2020 Pandemic Crash though. The current event, rolling over slowly is more typical of bear market behavior as opposed to the crash in 2020. Here's the last year.

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Sara Grillo

JUNE 24, 2024

The math behind Universal Life Insurance Interest Rates is a twisted web and most consumers are deceived. Know how the math works so you can see the potential risks that may exist with your policy. This correction was updated in 2020 with AG 49A and again in May 2023 with AG49B. Don’t be fooled! appeared first on Sara Grillo.

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Insurance Math Financial Advice Compliance 59

Discipline Funds

AUGUST 15, 2023

in 2020 to 4.2% But the math starts to change substantially when yields are 4.2% For reference, 10 year yields have moved from 0.5% over 3 years. This is the worst of all worlds because you had high interest rate risk and a low starting yield. and the Fed is approaching their terminal rate (peak interest rate).

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Random Roger's Retirement Planning

JULY 14, 2022

It doesn't look like an investment grade bond proxy and I would note that on a price basis it essentially fell the same amount as the NASDAQ during the pandemic crash in March 2020. PUTW maybe snapped back half of what the S&P 500 did in March/April 2020. PBP is the Invesco S&P 500 BuyWrite ETF.

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Portfolio Math Clients Marketing 72

Harness Wealth

APRIL 30, 2025

Math errors and typos Minor mathematical errors and typos can disrupt the IRS’s automated processing systems and can result in discrepancies that can flag your return for manual review. of individuals earning $10 million or more audited by the IRS between 2012 and 2020. As a result, the IRS will pay closer attention.

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Compliance Taxes Consulting Accounting 52

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. You may agree with Jack about not needing those things, that's valid, my point is that owning an index fund isn't a proxy for them.

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Math Portfolio Marketing Marketing 75

The Irrelevant Investor

MARCH 15, 2021

As I wrote about in January 2020, starting yields tell you pretty much all you need to know about what your future returns will look like. Unfortunately, the math isn't on our side anymore. When rates went from 5% to 6%, bond investors took one step back to take three steps forward.

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Yardley Wealth Management

OCTOBER 26, 2020

By Michael Garry Yardley Wealth Management October 26, 2020. Around 65 million Americans will receive more than $1 trillion in benefits during 2020, according to the Social Security Administration (SSA). While there always seems to be a future funding shortfall for Social Security, it’s a political problem, not a math problem.

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Wealth Management Estate Planning Financial Planning Retirement Planning 52

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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Random Roger's Retirement Planning

JULY 15, 2022

Commodities can easily go down with equities or in the case of the pandemic crash, the Invesco DB Commodity Tracking Fund (DBC) dropped more than the S&P 500 during the Pandemic Crash of 2020 and took longer to snap back. The math shows the NTSX/ARBIX/BTAL combo would be down 14.7% and that is the number I will assume.

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Portfolio Math Numbers Marketing 66

Random Roger's Retirement Planning

JUNE 29, 2022

Turns out the math checks out using Vanguard Balanced Index Fund (VBAIX) which is a proxy for a 60/40 equities/fixed income portfolio and the Guggenheim Managed Futures Strategy Fund (RYMFX). A 20% allocation to RYMFX would have helped in the first three months of 2020 albeit with less of an impact. percentage points.

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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. The CAGR with dividends reinvested is 5.50%, 1.97% without and although its standard deviation is quite a bit lower that the S&P 500, during the Pandemic Crash of 2020 it pretty much dropped the same as the S&P 500.

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Math Retirement Numbers Portfolio 74

Clever Girl Finance

OCTOBER 4, 2022

If you’re good with math, then turning to financial planning or accounting or opening up a similar company could be one of the best recession proof businesses to start! The national pet industry made over $100 billion in sales for the first time in history in 2020! They aren’t likely to get rid of the person who knows the numbers.

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Food Economy Healthcare Economics 105

Trade Brains

DECEMBER 16, 2022

And when used for ROE, as per the basic rule of math, if the denominator decreases, the fraction as whole increases i.e, Company 2018 2019 2020 2021 2022 Average 5 yr. Company 2018 2019 2020 2021 2022 Average 5 yr. Company 2018 2019 2020 2021 2022 Average 5 yr. higher ROE. What is a good ROE in Indian stock market.

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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.

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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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Portfolio Assets Management Math 52

Good Financial Cents

SEPTEMBER 29, 2022

However, by doing a little math, you can easily determine your hourly wage from your annual salary. For 2020, the federal poverty level for a single person without dependents is $12,760. For example, for a family of four in 2020, the poverty level is $26,200. 55K a Year Is How Much an Hour? However, in general, $26.44

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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. So let’s talk a little bit about the current environment in the past couple of years starting with the 2020 pandemic. RITHOLTZ: Applied Mathematics, Quants, those guys, yeah.

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Random Roger's Retirement Planning

JULY 1, 2022

Over the last five years, it missed out on the stock market rally until late 2020 when it went parabolic, then drifted lower for much 2021. We dove in on the math at my old URL (sad story, no longer exists) and the math checks out. Sometimes it outperforms the S&P 500 and sometimes it doesn't.

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The Better Letter

DECEMBER 30, 2022

The current record – set in May 2020 using a tricked out silver Audi S6 disguised as a Ford Taurus Police Interceptor during the height of the recent pandemic, when roads were generally deserted – is 25 hours 39 minutes. More than that, however, we had purchased tickets for Disneyland for everyone for Wednesday. We wanted to go!

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Zajac Group

FEBRUARY 10, 2025

While the data isnt as black and white as other aspects of finance, the impact of behavioral finance is clearjust consider the Covid-induced crash in February 2020 or the meme stock phenomenon of 2021 (to name a few more recent events). Behavior Finance and Your Portfolio So much of the concept of investing is about logic, math, and numbers.

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Taxes Risk Tolerance Portfolio Investing 52

Mr. Money Mustache

MAY 20, 2022

But in the Mustachian Era (the years since 2011 when I started writing this blog ), there has only been one: the 2020 Covid Crash which only lasted about a month. It’s fun math – a 20% drop in prices means you get 25% more shares for your dollar, and a 50% drop means twice as many , or 100% more shares per dollar invested.).

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Marketing Marketing Retirement Investing 53

The Big Picture

NOVEMBER 21, 2023

So here’s the math, Barry. If you have seven $50 incremental year, then every 10 year old in America, when they enter into the fifth or sixth grade and the teacher says, Hey, today we’re gonna talk about math or compounding or stocks or capitalism, they’ll say, open up. 00:44:49 [Speaker Changed] Correct?

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Brown Advisory

NOVEMBER 13, 2023

This is a simple math issue—refinancing a $100,000 mortgage will lower the monthly payment by a much smaller amount than refinancing a $1,000,000 jumbo mortgage, while the fixed costs of refinancing will be relatively much more burdensome for the $100,000 mortgage than for the $1,000,000 mortgage. trillion increase in the value of U.S.

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The Big Picture

DECEMBER 6, 2022

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. 2020 was a huge year. You know, we had a really good 2020. RITHOLTZ: That makes a lot of sense.

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Brown Advisory

JUNE 16, 2022

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. How different to when we wrote the 2Q 2020 letter (link) and we were being asked about taking our WACC down! The last time U.S. and appeared to be going higher.

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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).

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Investing Investments Portfolio Accounting 52

The Big Picture

SEPTEMBER 10, 2022

KCP Group ). • Your Career Is Just One-Eighth of Your Life : Five pieces of career advice, shaped by economics, psychology, and a little bit of existential math. ( She is on various “Most Powerful Women in Finance lists” including American Banker, Crains Rising Stars in Banking & Finance 2020. The Atlantic ). •

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Math Wealth Management Accounting Media 311

The Big Picture

AUGUST 15, 2023

SEIDES: But market returns across — RITHOLTZ: The past decade, 2010 to 2020, we were what? RITHOLTZ: So hold the duration risk aside with those two, but just for an investor in treasuries, I know you’ve done the math before. RITHOLTZ: Oh no, it’s much worse. SEIDES: It’s lower. It’s lower. 14, 15% a year?

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