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 Taxes Budgeting 326

Random Roger's Retirement Planning

JUNE 22, 2023

And then just a little math, the "guarantee" based on the 50/50 allocation would be 2.5% I mentioned this fund once or twice when it first listed in late 2021. Keep it to something broad like a total market fund or a market cap weighted large cap index. SSO is 2X S&P 500 and SPHB is the Invesco S&P 500 High Beta ETF.

Math 59

Math Portfolio Investing Investments 59

Discipline Funds

MARCH 6, 2024

That’s a $200B increase over the $220B that was being paid out to the private sector in 2021 before rates shot up. Going back to our previous example – the consumer who held $110 in the Bond Aggregate in 2021 was earning 1.5%, but now holds $98 of bonds earning 4.3%. Rates have a disproportionate impact on consumption.

Banking 107

Banking Government Economy Assets 107

Random Roger's Retirement Planning

JULY 17, 2022

Hussman as in Hussman funds which arguably missed the entire bull market from the end of the financial crisis through to the end of 2021. There's other math about outperformance but also the observation that momentum is prone to crashes. In early 2021 QMOM spiked dramatically versus the S&P 500. While "put it all in."

Math 91

Math Marketing Marketing 91

The Better Letter

MAY 13, 2022

For math, she teaches the advanced class — the top students in the school. The class had a party recently as a reward for winning a national math competition. – to stay in and play math games at the party instead of more traditionally “fun” activities, inside or out. It is a very bright group.

Math 52

Math Economics Financial Advisor Education 52

Steve Sanduski

AUGUST 4, 2022

The S&P 500 total return for the 5 years ending December 2021 was 112.9%. The total US Government Bond market total return for the 5 years ending December 2021 was 19.5%. Simple math says the CAGR of NET NEW ASSETS (i.e., Simple math says the CAGR of NET NEW ASSETS (i.e., Crunch the Numbers. Revenue Growth.

Math 52

Math Portfolio Numbers Distribution 52

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. Before it collapsed, Alameda had marked the value of its FTT at $5.5 billion, according to the document. Mish Comment: Now it's about $8 billion in the hole.]

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License Assets Accounting Math 227

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. The threat being you lock in 15 years at 2-3%, yields go up, you take a 30% hit on paper (no loss until you sell) forcing you to sit with a below market yield until six months before maturity.

Portfolio 62

Portfolio Math Management Investing 62

Mr. Money Mustache

APRIL 18, 2021

So I remind myself of the positive side of this situation: The world of 2021 is a very different place from my equivalent perch in 1991. Many teachers are already using this system to “flip the classroom”, and my own boy and I used Khan Academy to help him cover second through eighth grade math in only a month.

Education 52

Education Math Engineering License 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.

Math 52

Math Assets Investing Investments 52

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. Yahoo Finance had kind of a long read recapping an update from Morningstar about safe retirement withdrawal rates. and now it is back to 4%.

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Retirement Accounting Math Healthcare 67

Darrow Wealth Management

MAY 22, 2023

Interest rates have skyrocketed since the end of 2021. 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. If the funds aren’t earmarked for anything in the near term, holding cash could be short-sighted. Hold cash or invest? 467% a month.

Investing 90

Investing Investments Wealth Management Accounting 90

The Big Picture

FEBRUARY 2, 2023

emphasis added) The red flags were there for anyone who could put their greed aside and simply focus on the math. Previously : How to Avoid Financial Disasters (January 26, 2023) If It Sounds Too Good To Be True… (September 18, 2022) All the Ways You Can Get Defrauded (July 8, 2021) Advice for Rich Uncles and Others.

Math 61

Math Investing Investments Sales 61

Random Roger's Retirement Planning

FEBRUARY 8, 2023

In 2021 it was up roughly the same 27% as the S&P 500. The way the math works, a 67% allocation to NTSX replicates 100% into a 60/40 portfolio which leaves 33% left over to do something. We talk about the idea frequently here even if I've only used that term once or twice. So, how'd it do? Did it deliver crisis alpha? Not exactly.

Portfolio 40

Portfolio Math Management Investing 40

Random Roger's Retirement Planning

JULY 27, 2022

It just started trading in January of 2021. It outperformed VBAIX YTD and took a slightly different path to the same result as VBAIX in 2021. It really is a mishmash of exposures, a lot of alts, some gold and some fixed income. I do not know if his life circumstance is such where a game over approach is appropriate.

Portfolio 74

Portfolio Clients Assets Math 74

Random Roger's Retirement Planning

OCTOBER 29, 2023

This year, its performance has it the top 1% of mutual funds but in “2021 and 2022 it was ranked in the bottom 100th percentile.” Yeah, that sounds pretty good (giving them the benefit of the doubt about the math)… pretty good for an equity. I probably wrote about this one a couple of times back in the first iteration of this blog.

Insurance 75

Insurance Clients Math Portfolio 75

Random Roger's Retirement Planning

JULY 15, 2022

The math shows the NTSX/ARBIX/BTAL combo would be down 14.7% Quickly adding in from NTSX' inception to the end of 2021, so no bear market effect, the NTSX/ARBIX/BTAL combo would have outperformed VBAIX by about 100 basis points. If NTSX was up 32%, VBAIX would have been up 21.8% and that is the number I will assume.

Portfolio 46

Portfolio Math Numbers Marketing 46

Random Roger's Retirement Planning

DECEMBER 10, 2023

As a matter of math, it cannot repeat the run from 8.5% If they continued to take $40,000 out per year they would have briefly gotten back to their highwater mark in early 2021 but would today be down slightly from their $1 million starting point. down to 0.50% let alone from the all time high of 15% down to 0.50%. in November.

Portfolio 58

Portfolio Math Assets Retirement 58

The Big Picture

SEPTEMBER 7, 2022

So I mentioned 2021 was sort of aberrational. 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. RITHOLTZ: That’s interesting. RITHOLTZ: Quite fascinating. MARTIN: Yeah.

Communication 290

Communication Engineering Marketing Marketing 290

The Better Letter

DECEMBER 15, 2022

Source: Crestmont Research Over the past 50 years (1972-2021), the S&P 500 has provided an excellent annualized total return of 9.4 Over the past 50 years (1972-2021), the benchmark 10-year U.S. This is the best thing I read this week (it combines magic, music, mystery, and math); this is the best thing I saw. The saddest.

Investing 77

Investing Investments Portfolio Numbers 77

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.

Assets 140

Assets Management Portfolio Investing 140

The Better Letter

JUNE 2, 2022

Fact check: true September 8th 2021 1,451 Retweets 7,194 Likes 5. Checking the math. .” Brent Beshore @BrentBeshore Friend sent this to me. Skepticism. Skepticism is the scientific mindset. It requires always being open to new or additional evidence and arguments. It requires checking things out. Checking the results. And again.

Media 52

Media Math 52

The Big Picture

SEPTEMBER 19, 2022

And you know, the only thing math works on recognition by peers, and there’s some prizes. And yet, the amount of math that’s been produced over the last, you know, few decades is just mind-blowing extraordinary. RITHOLTZ: So to put that into a little context, 2020, 2021, very founder-friendly deals. RITHOLTZ: Right.

Valuation 289

Valuation Investing Investments Engineering 289

The Better Letter

FEBRUARY 8, 2024

Subscribe now Share The Better Letter Get more from Bob Seawright in the Substack app Available for iOS and Android Get the app TRIGGER WARNING: I’m going to do some sports math nerding-out this week. If that isn’t your cup of tea, I understand. This TBL is about football, but I really love to nerd-out over baseball.

Numbers 89

Numbers Education Management Math 89

Validea

JUNE 14, 2023

The Math Behind the Growth Let’s take a step back and think about what it would take for a company like Apple to reach a $10 trillion market cap. trillion (the total value was $52 trillion at the end of 2021, source ). With a current market cap of $2.8 trillion as of today, this would require an approximate increase of 3.6

Math 109

Math Accounting Investing Investments 109

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 correlates to the S&P 500 and sometimes it doesn't.

Portfolio 40

Portfolio Math Management Clients 40

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.

Pharmaceutical 59

Pharmaceutical Manufacturing Engineering Distribution 59

Sara Grillo

JUNE 12, 2023

Quick math: If you have $1.828 million in the bank. And , you have to do the math by hand. 2021, February). Now, quick math, if you have 128 million in the bank in your Christmas or Hannukah Club, and the bank is going to credit you 5% on your money 0:18:18.4 There is an admin charge of about $49k. Thanks for reading.

Insurance 59

Insurance Clients Financial Advisor Math 59

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. It’s just math stick to it over long periods of time. So in 2021 was the equivalent of March, 2000, right? The second is excess returns.

Investing 130

Investing Investments Clients Numbers 130

Good Financial Cents

MARCH 15, 2023

You must also possess solid math and cash-handling skills and be able to multitask. Sales managers oversee and manage sales teams in various industries, ensuring they meet their targets while maintaining high levels of customer satisfaction. What is the average customer service salary?

Communication 69

Communication Education Retail Banking 69

Validea

JUNE 14, 2023

The Math Behind the Growth Let’s take a step back and think about what it would take for a company like Apple to reach a $10 trillion market cap. trillion (the total value was $52 trillion at the end of 2021, source ). With a current market cap of $2.8 trillion as of today, this would require an approximate increase of 3.6

Math 52

Math Accounting Investing Investments 52

The Better Letter

FEBRUARY 9, 2023

Math is powerful. Winning as a gambler is tough generally , but there are typically several Super Bowl bets where simple math demonstrates that the line is off (in terms of reality if not in terms of equalizing the total bets). If you know and can apply it, math is a major edge in gambling about football and elsewhere.

Math 82

Math Advertising Numbers Media 82

The Better Letter

MARCH 14, 2024

Five 11-seeds have made it to the Final Four: LSU in 1986, George Mason in 2006, VCU in 2011, Loyola Chicago in 2018, and UCLA in 2021. Duke math professor Jonathan Mattingly claimed the average college basketball fan has a far better chance of achieving bracket perfection than one in 9.2 quintillion. trillion.

Numbers 81

Numbers Medicine Math Marketing 81

Clever Girl Finance

JANUARY 29, 2023

According to the American Association of University Women as of 2021, on average: white men borrow $29,862 while black women borrow $37,558. The math for this adds up over years of work and can cost quite a bit of income. However, the impact of the student loan debt crisis on black women surpasses the standard American experience.

Budgeting 105

Budgeting Education Planning Government 105

FMG

DECEMBER 22, 2022

When LPL bought Waddell & Reed in 2021, it opened some doors as the pay structure was more conducive for small practices and they offer a lot of optional add-on services, like virtual assistants. The math speaks for itself- over half our population is female, yet only around 20% of financial advisors are women.

Financial Advisor 52

Financial Advisor Compliance Clients Communication 52

The Big Picture

MAY 9, 2023

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. I didn’t know what any of these terms meant.

Assets 283

Assets Clients Investing Investments 283

Brown Advisory

NOVEMBER 13, 2023

The New Normal It is difficult for investors and individuals alike not to have been directly impacted by the rapid rise in inflation in 2021 and 2022, the succeeding interest rate hikes by global central banks and the ensuing effects these economic events have had on financial markets, including the mortgage market.

Investing 52

Investing Investments Portfolio Clients 52