The Big Picture

SEPTEMBER 19, 2023

The transcript from this week’s, MiB: Elizabeth Burton, Goldman Sachs Asset Management , is below. Elizabeth Burton is Goldman Sachs asset management’s client investment strategist. One, one is true and I’ve always said is that I wanted people to stop, ask if I could doing math. She can go anywhere, do anything.

Assets 147

Assets Management Investments Investing 147

The Big Picture

JULY 20, 2023

My obvious bias is that my advisory firm charges clients to create financial plans and manage their assets. But just do the math: Would you prefer to give up 67 basis points (RWM’s dollar-weighted average fee is ~0.67%) or would you prefer to give up 30% of your gains PLUS pay an annual 0.79% fee for the TJUL ETF?

Financial Planning 186

Financial Planning Math Assets Management 186

Darrow Wealth Management

APRIL 21, 2025

This approach typically provides greater benefits to those who have significant assets and high taxable income in retirement. 4 main benefits of converting an IRA or 401(k) to a Roth IRA: Generally, converting to a Roth IRA offers several key benefits.

Retirement 56

Retirement Retirement Planning Taxes Accounting 56

Clever Girl Finance

FEBRUARY 6, 2023

The term personal finance ratios might be giving you flashbacks to math class. In mathematical terms, a ratio is essentially a way to compare two numbers to each other. Since personal finance is all about numbers, that can come in handy in many ways! However, their value tends to fluctuate more so it’s not a stable number).

Numbers 105

Numbers Assets Retirement Budgeting 105

Mish Talk

DECEMBER 12, 2022

Case number one is price neutral to Bitcoin. Case number two is net negative for Bitcoin. Case Number One Let's return to case number one above: The merchant not only accepts Bitcoin but also holds it. Bitcoin Accepted Here What happens if increasing numbers of merchants accept bitcoin but do it hold it.

Numbers 130

Numbers Math Insurance Government 130

Nerd's Eye View

FEBRUARY 21, 2023

Danqin is a Lead Advisor for Austin Asset, an independent RIA based in Austin, Texas that oversees more than $1.3 billion in assets under management for nearly 400 client households. Welcome back to the 321st episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Danqin Fang.

Financial Advisor 130

Financial Advisor CFP Financial Planner Education 130

The Big Picture

JANUARY 16, 2024

She has had a number of different positions within PIM, including managing their flagship core real estate fund. She has lived and invested through not just the great financial crisis, but the SNL crisis and a number of other fascinating experiences in real estate. Essentially you buy assets. It could be all kinds of assets.

Assets 264

Assets Investments Investing Management 264

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 119

Budgeting Retirement Assets Education 119

Harness Wealth

APRIL 30, 2025

The people who undergo an audit have been selected due to a number of red flags that the IRSs computer-based system has detected. Common mistakes that can trigger an IRS audit There are a number of key red flagsranging from mistakes made on tax returns to specific financial circumstancesthat can attract IRS scrutiny.

Compliance 52

Compliance Taxes Consulting Accounting 52

Discipline Funds

MARCH 6, 2024

This meant that there was very little demand for debt and so increasing the supply of potential loans was like an apple cart salesman increasing the number of apples he sells with the hope that more supply would create its own demand. QE is an asset swap as I’ve explained many times in the past. And it’s not until year 7.5

Banking 119

Banking Government Economy Assets 119

The Big Picture

NOVEMBER 14, 2023

She has a really fascinating background, very eclectic, a combination of math and law. She has run a number of firms and a number of divisions at large firms and traced a career arc that’s just very unusual compared to the typical person in finance. It is something, math has always come easy to me since a child.

Math 130

Math Management Insurance Assets 130

The Big Picture

MARCH 20, 2024

Full transcript below. ~~~ About this week’s guest: Jim O’Shaughnessy, former chairman and founder of O’Shaughnessy Asset Management (now part of Franklin Templeton) and author of the New York Times bestselling book, “What Works on Wall Street” — the first quantitative investing book available to the general public.

Investing 162

Investing Investments Portfolio Valuation 162

The Big Picture

SEPTEMBER 12, 2022

They run over $800 billion in client assets, and Kristen’s group, the North American Group, is responsible for about half of the revenue that that massive organization generates. I wasn’t that typical person that did a number of, you know, internships during the summer, had that …. Her name is Kristen Bitterly Michell. RITHOLTZ: Right.

Clients 299

Clients Wealth Management Banking Investing 299

Random Roger's Retirement Planning

JUNE 30, 2024

We've gone over the math before that starting as late as 55 can catch a lot of the way up if they can afford to save a very high percentage of their income. Smart Asset calculates $70,000 gross income working out to $57,187 after tax. Obviously you can discount those numbers if you expect lower returns going forward.

Retirement 75

Retirement Math Taxes Accounting 75

Random Roger's Retirement Planning

JULY 8, 2023

That is difficult to pull off but if you do the math on that it shows long term outperformance. Having that much in asset classes that are intended to not look like equities should mean that the long term result won't look anything like the stock market. This is why we talk about taking bits of process from various sources.

Asset Allocation 74

Asset Allocation Math Portfolio Assets 74

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

The Big Picture

DECEMBER 6, 2022

And before that, Morgan Stanley, doing technology and operations planning for the wealth and asset management group. What percentage of the assets are in ETFs relative to mutual funds? I was employee number 10. So fast forward to where we are today, we have over $40 billion in assets under management. RITHOLTZ: Wow.

Clients 162

Clients Investments Investing Management 162

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. Intended or not, 401k money has radically altered the mutual fund landscape, bringing trillions in managed assets that generate fees. Numbers vary but we all know the numbers in aggregate are too low to provide sustainable retirements.

Retirement 66

Retirement Math Management Taxes 66

The Big Picture

SEPTEMBER 3, 2024

Heather comes from with a fascinating background, having previously been in a number of other places, most notably Morningstar, and, and she has a very specific approach to investment management and thinking about stock selection. They do a number of things at Diamond Hill that many other investment shops don’t.

Investing 147

Investing Investments Management Valuation 147

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. Back to Israelov's quote, they can be a way to add volatility as an asset class, in this case through something that sells that asset class, that sells volatility. Covered call funds have many favorable attributes.

Math 74

Math Retirement Numbers Portfolio 74

Steve Sanduski

AUGUST 4, 2022

Charles Schwab just released their 2022 RIA Benchmarking Study and I decided to crunch the numbers and see what the data shows. Crunch the Numbers. Simple math says the CAGR of NET NEW ASSETS (i.e., Organic growth is the lifeblood of a business and without it, you are at the mercy of volatile financial markets.

Math 52

Math Portfolio Numbers Financial Market 52

The Big Picture

JULY 19, 2022

You mentioned in the beginning of the book lower asset yields and richer asset prices have pulled forward future returns. So, starting yields of all major assets were coming down in the last decade and last decade — actually, several decades. RITHOLTZ: Really quite interesting. Explain that. RITHOLTZ: Right.

Investing 130

Investing Investments Valuation Portfolio 130

Random Roger's Retirement Planning

SEPTEMBER 29, 2024

Risk parity equal weights assets by their risk (more like their volatility). Where stocks are far more volatile than bonds (usually), a risk parity program would have to own far more in bonds to equal out the volatility between the two assets. reassessing the risk/volatility of the assets held and reweighting accordingly.

Portfolio 52

Portfolio Assets Management Math 52

Brown Advisory

MAY 31, 2018

But the activity gap has narrowed over the past five years, and a growing number of startups, patent filings and VC dollars are now driven by Chinese innovation. 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 Clients Math Assets 52

Brown Advisory

MAY 31, 2018

But the activity gap has narrowed over the past five years, and a growing number of startups, patent filings and VC dollars are now driven by Chinese innovation. 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 Clients Math Assets 52

Random Roger's Retirement Planning

NOVEMBER 21, 2023

The way my new firm is set up, I could outsource everything, for a fee, and the way this was positioned, I think there might be a decent number of advisors who do just that. Asset allocation matters. So using simple math, the total return is 34% versus 72% for the common. That is probably true. That's not a call to do nothing.

Portfolio 75

Portfolio Asset Allocation Math Management 75

The Big Picture

JUNE 6, 2023

I’ll tell you something funny and people you know, we never quite had that accusation, but for the better part of 15 years before I started accepting capital, it was, “Hey, everybody’s telling you how to manage your assets the wrong way. And they do that for 35 years tweaking numbers I go you won, you won the game.

Accounting 130

Accounting Numbers Budgeting Financial Counseling 130

Random Roger's Retirement Planning

JULY 14, 2022

For the 5 year bull market you could simplistically add 10% per year or 50% total in dividends and for this year 7 or 8% (six months worth) back in which changes the numbers considerably. They are the asset class that goes up the most, most of the time. Yahoo doesn't show total return. Is QYLD any sort of proxy for the NASDAQ 100?

Portfolio 72

Portfolio Math Clients Marketing 72

The Big Picture

NOVEMBER 21, 2023

00:17:50 You wanna know why Dara reported for Uber that again, their number of employees was down quarter of over quarter. It’s 10 blue links, but it’s an infinite number of blue links. So remember data and data infrastructure, that is the number one primitive to ai. He said, I overpaid for the asset.

Investments 246

Investments Investing Startup Accounting 246

The Big Picture

AUGUST 15, 2023

So if you start with the S&P 500 or in this case stocks and bonds, you only have two asset classes, right. So the proper benchmark for those pools has to look a little bit like the underlying assets they’re investing in. If you look at the types of assets that Yale invests in, you can create a benchmark for each pool.

Management 130

Management Investments Investing Government 130

Clever Girl Finance

OCTOBER 17, 2023

When it comes to your financial health, your income is one of the most important numbers in the equation. How might this number be affected in a freelance job? Let’s start by looking at the numbers in their simplest form. Now, let’s crunch some of the other numbers… $45k a year is how much… Total (gross) pay Hourly $21.63

Taxes 52

Taxes Numbers Math Budgeting 52

Random Roger's Retirement Planning

DECEMBER 11, 2024

The way portable used to primarily be implemented was to leverage up with correlated assets and it ended up going very badly in 2008 when equities dropped 40%. 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

Trade Brains

DECEMBER 16, 2022

ROE is also considered the return on net assets. It is because shareholders’ equity is equal to a company’s assets minus its debt. It is because of the simple accounting equation which states that “Equity= Asset – Liabilities (Debt)”. The ROE numbers from 2018 to 2022 are 57.17%, 49.79%, 42.74%, 71.64%, and 83.3%

Pharmaceutical 59

Pharmaceutical Manufacturing Engineering Distribution 59

Good Financial Cents

JUNE 25, 2023

As you can see from those numbers, early Bitcoin investors who held on through the crypto’s ups and downs likely made a fortune. The stock market is a lot more established with hundreds of years of history and clearer methods of deciding the value of an asset. As of this writing, a single bitcoin is valued at around $30,000.

Investing 76

Investing Investments Accounting Commission 76

Good Financial Cents

SEPTEMBER 29, 2022

However, by doing a little math, you can easily determine your hourly wage from your annual salary. Calculate the number of hours you work in a year: 40 Hours per week X 52 weeks = 2080 Hours per year. Create digital assets : This passive income strategy allows you to make money while you sleep. 55K a Year Is How Much an Hour?

Budgeting 64

Budgeting Taxes Transportation Insurance 64

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. 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. Not exactly. Obviously it was down almost 30% last year versus down almost 20% for the S&P 500.

Portfolio 40

Portfolio Math Management Investing 40

Clever Girl Finance

AUGUST 2, 2022

It’s possible to turn 10K into 100K, but assets need time to appreciate. Let’s look at one tried-and-true way of multiplying your assets: retirement accounts. Some quick math for the value of your $10,000 after a certain number of years: 10 years: $20,000. This means it’ll take roughly ten years for your money to double.

Education 59

Education Retirement Investments Investing 59