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10 Weekend Reads

The Big Picture

The ultrarich are growing in numbers, and changing wealth as we know it. ( Imagine if every sentence in a story were expected to contain the same number of alphanumeric characters. Or why we need less math in music theory. ( Or why we need less math in music theory. ( Morgan , where she is co-head of commercial banking.

Math 162
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Avoid the Unforced Investment Errors Even Billionaires Make

The Big Picture

So I bought Silicon Valley Bank options (SVB) right after it got cut in halfbut right before it went to zero. These two possibilities a 10-fold increase versus a 90% drop are roughly symmetrical in terms of math (but probably not probabilities). I was up so much on that trade that my trading demons were emboldened.

Investing 267
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10 Friday AM Reads

The Big Picture

Wall Street Journal ) • From Math Camp to Handcuffs: FTX’s Downfall Was an Arc of Brotherhood and Betrayal : Gary Wang and Sam Bankman-Fried are offering dueling accounts of the FTX fiasco and of who’s ultimately to blame. Slate ) • Guess Who Loses After Florida and Texas Bar ESG Banks? They have each other’s phone numbers.

Math 290
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When is the Best Time for a Roth Conversion?

Darrow Wealth Management

There are many situational events and fact patterns that can create an optimal environment, especially a Roth conversion in retirement when the tax impact can be offset or reduced by the lack of significant ordinary income. In working with clients, we use tools to simulate the impact of converting different amounts from an IRA or 401(k).

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4 Tips for Proper Tax Filing

Integrity Financial Planning

Confirm Your Numbers Make sure that your filing status, name, and the names and Social Security numbers of your dependents are accurate. It’s also not a bad idea to review the bank account numbers you included (some of those digits can be lengthy!).

Taxes 82
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#FA Success Ep 321: Navigating The Financial Advisor Career Track In An Unfamiliar Culture, With Danqin Fang

Nerd's Eye View

What's unique about Danqin, though, is how she planned and executed a very intentional career path in the financial services industry that involved her leaving her homeland China, embracing a new language and culture in the United States while achieving her Master’s degree in Financial Planning, and proactively creating opportunities for herself (..)

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How Do Higher Interest Rates Push Inflation Down?

Discipline Funds

This went against the prevailing theory that lower interest rates and more reserves in the banking system could cause a surge in bank lending as lower rates make loans more affordable and more reserves give banks more ability to “multiply” loans. But the problem was that the demand for apples was structurally low.

Banking 119