The Big Picture

OCTOBER 5, 2023

I always get up close and personal with my subjects, this was no different”); How much did FTX pay him? “If you want to read a moral condemnation of crypto theft, you can get that anywhere. You go to Michael Lewis for character and story.” Social media excels at just a few things, but none more than “Manufactured Outrage.”

Media 355

Media Manufacturing Planning Management 355

Nerd's Eye View

AUGUST 25, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent CFP Board survey indicates that consumers do not expect AI tools to replace human financial advisors, but rather supplement advisors' work.

Financial Planner 199

Financial Planner Retirement Retirement Planning Advertising 199

Random Roger's Retirement Planning

MAY 8, 2024

The article looked at three ETFs each with very different attributes. The funds differ from what was mentioned in the article but allow us to test it for quite a few years. ETF Think Tank had a fun article looking at a bunch of specialty ETFs in pursuit of building a FIRE (financial independence/retire early) portfolio.

Portfolio 79

Portfolio Retirement Assets Management 79

Nerd's Eye View

AUGUST 24, 2023

And if a mutually acceptable plan is not agreed upon, having direct, upfront conversations about the process will better position the succeeding advisor to determine whether to part ways and pursue a new path on their own or with a different firm.

Retirement 208

Retirement Planning Retirement Planning Financial Advisor 208

Indigo Marketing Agency

FEBRUARY 7, 2023

It’s always a good idea to get a second opinion! Doing research and gathering different opinions can give us more confidence in our choices and can often lead to better results. Receiving a second opinion can be incredibly valuable and beneficial for a variety of reasons. Do your marketing strategies need a second look?

Planning 98

Planning Marketing Marketing Financial Services 98

Random Roger's Retirement Planning

APRIL 26, 2024

Blending together assets/strategies with different attributes, correlations and expected behaviors plays a huge role in how I construct portfolios. The 50/50 mix was down 32% in 2022 versus 18% for the S&P 500 which is a dramatic difference. This is something I've been doing and writing about for ages. Forget that though.

Marketing 73

Marketing Marketing Portfolio Management 73

Random Roger's Retirement Planning

FEBRUARY 29, 2024

The main takeaways are that one, 60/40 is not dead and that two, different assets have different durations. In a portfolio of narrow based holdings, you might have an opinion on what your best performers will be this year or the next couple of years but you can't actually know which is why you diversify.

Retirement 84

Retirement Assets Portfolio Financial Planning 84

Random Roger's Retirement Planning

FEBRUARY 13, 2024

So the difference is that without Bitcoin, I allocated 20% to gold, not just 16%. The difference in growth with and without is astounding to me. I long ago settled on small slices to several different types of alts with different attributes while still maintaining a normal allocation to equities.

Portfolio 64

Portfolio Taxes Management Investing 64

Random Roger's Retirement Planning

APRIL 29, 2024

For all the different types of option strategies now accessible through funds, the attributes are different enough that they'll help smooth out the ride in different ways during different types of market events. ProShares emailed out a short paper in support of the ProShares S&P 500 High Income ETF (ISPY).

Asset Allocation 71

Asset Allocation Portfolio Clients Retirement 71

Random Roger's Retirement Planning

APRIL 18, 2024

It tracks Bitcoin close enough to be a proxy in my opinion. First, an update on my test drive of the Defiance NASDAQ 100 Enhanced Option Income ETF (QQQY). I bought 100 shares on its first or second day of trading last fall for $2017 and I sold it today for $2114 which includes reinvesting the dividends.

Clients 88

Clients Investing Investments Taxes 88

Random Roger's Retirement Planning

JANUARY 26, 2024

As I have said many times with this sort of thing, nothing will always be best and I don't really expect OMFL to be better than MCW, maybe just a little different. It has a point of differentiation, some are much different and some are a different shade of the same color. It is similar to DYNF. The above data is interesting.

Portfolio 85

Portfolio Distribution Accounting Media 85

Nerd's Eye View

JULY 6, 2022

Advisors occasionally encounter situations where their recommendations conflict with a prospect’s or a client’s opinions or beliefs. While many financial advisors may disagree with the opinions espoused by pundits like Dave Ramsey and others (e.g., Advisors in this situation can consider using the lessons of aikido.

Clients 166

Clients Asset Allocation Financial Advisor Portfolio 166

Random Roger's Retirement Planning

APRIL 22, 2024

Longer term debt yields less than shorter term debt, volatility of longer term debt was extremely high, it is less so now but still high in my opinion, there was a consensus calling for lower rates on the front end and as we've all seen many times and as Zweig points out, being right about this sort of thing is very hard to do.

Marketing 86

Marketing Marketing Financial Advising Math 86

Validea

FEBRUARY 15, 2024

With inflation off its highs, but still elevated relative to the Fed’s target, there are differing opinions on where we go from here. In this episode, Discipline Funds founder Cullen Roche joins us to help work through it.

Marketing 52

Marketing Marketing 52

The Big Picture

DECEMBER 23, 2023

Wired ) • Everyone has an opinion – but my gut is telling me differently. Wired ) • Everyone has an opinion – but my gut is telling me differently. Pour yourself a mug of coffee, grab a seat by the fire, and get ready for our longer-form weekend reads: • The 2024 research dump! Here’s How It Became One.

Retail 152

Retail Manufacturing Media Economy 152

Random Roger's Retirement Planning

MARCH 29, 2024

You can play around with this on Portfoliovisualizer yourself but I started with 5% weightings to the alternatives and the differences were almost nothing. Even 10% didn't offer much of a difference but at 15%, there were some differences. Return Stacked currently has three funds. RSBT is 100% bonds and 100% managed futures.

Portfolio 79

Portfolio Asset Allocation Management Assets 79

Random Roger's Retirement Planning

APRIL 7, 2024

Let's have a little fun with a difference of opinion about how to incorporate managed futures into a portfolio between to big proponents, Corey Hoffstein from ReturnStacked ETFs and Andrew Beer who runs the iMPG DBi Managed Futures Strategy ETF (DBMF). This is something I've tried to explore with different people over the years.

Management 79

Management Portfolio Portfolio Management Risk Management 79

Random Roger's Retirement Planning

APRIL 9, 2024

He referred to the non-managed futures alts at "diversified alpha" but never specified what strategies to include with managed futures. This has sort of been my positioning. Diversify your diversifiers certainly, although if Bob was saying to anchor around managed futures, my preference is managed futures being one of potentially a few alts.

Management 90

Management Retirement Planning Portfolio Retirement 90

Random Roger's Retirement Planning

FEBRUARY 7, 2024

The mutual fund version took what looks like a different path, year by year, to a noticeably better result. I suspect the difference could be attributable to high yield taking on more equity beta. I would note that there are some big performance differences between the interval fund and the mutual fund.

Taxes 59

Taxes Portfolio Clients Investing 59

The Chicago Financial Planner

FEBRUARY 6, 2022

In spite of what was said on PBS Frontline The Retirement Gamble and elsewhere in the press, in my opinion 401(k) plans are one of the best retirement savings vehicles available. Whether you work as an employee or you are self-employed you work hard for your money. Are you self-employed ? Increase your contributions .

Retirement Planning 189

Retirement Planning Retirement Financial Planner Planning 189

Random Roger's Retirement Planning

OCTOBER 19, 2023

Is my opinion incorrect though? I built two version of this allocation with the only difference being that in Portfolio 1, for private equity I used Apollo Asset Management (APO) and in Portfolio 2 I used the Invesco Global Listed Private Equity ETF (PSP). Black is 2023. From the start of 2012, Yahoo has APO up 609% and PSP up 22%.

Asset Allocation 56

Asset Allocation Portfolio Assets Taxes 56

Random Roger's Retirement Planning

JANUARY 13, 2024

Bill Ackman has been in the news lately for all sorts of things he has opinions about, including the Harvard Management Company's (that the endowment) returns lately. Managing money that has an infinite time horizon is different than managing for a person's lifetime. Bloomberg noted that the HMC has only annualized at 8.2%

Retirement 77

Retirement Education Management Taxes 77

Random Roger's Retirement Planning

MAY 7, 2024

Carry is kind of a nebulous term because there are several different exposures that are referred to as carry. The ReturnStacked ETFs crew sat for a podcast that covered a lot of ground and I pulled out a couple of nuggets to write about. One fund will be 100% stocks and 100% carry and the other will be 100% bonds and 100% carry.

Portfolio 58

Portfolio Education Management Investing 58

Random Roger's Retirement Planning

APRIL 28, 2024

The sorts of things that inhibit our ability to work longer are all things you've heard before including ageism which can include a lot of different things, some sort of medical or physical issue or some sort of burnout. Fortunately for her scenario, there are some demographic trends that indicate that a labor shortage is in the offing.

Retirement 72

Retirement Insurance Food Taxes 72

eMoney Advisor

MARCH 1, 2023

Shehara Wooten, CFP® : Creating an Impactful Difference on Many Stages Shehara has an enormous passion to make her mark to help close the wealth gap for women and people of color. The views and opinions expressed by this blog post guest are solely those of the guest and do not necessarily reflect the opinions of eMoney Advisor, LLC.

Financial Planning 100

Financial Planning Planning CFP Financial Planner 100

Random Roger's Retirement Planning

MAY 11, 2024

The sentiment of that second one, there are articles all the time that say different things about the desire to versus the need to work and so on. The first article gave an update about when and by how much the looming cuts in SS payouts will be but it had different figures than what I saw earlier this week, sorry no link.

Retirement 43

Retirement Taxes Planning Accounting 43

Random Roger's Retirement Planning

SEPTEMBER 17, 2023

Barron's had very good, plain language explanation of the differences between regular Medicare and Medicare Advantage plans. I've come to have a much different opinion of Deion Sanders in the last few days. Not all questions were addressed but it's a worthwhile read. Follow @mangan150 on Twitter.

Asset Allocation 64

Asset Allocation Portfolio Retirement Management 64

eMoney Advisor

APRIL 11, 2023

Financial advisors can use tax planning to show the tax consequences of different actions and to develop strategies that can help reduce taxes in the future. Because you and a client’s CPA are viewing their taxes from different perspectives, you can combine those views to create a more holistic picture for your clients.

Tax Planning 77

Tax Planning Financial Advisor Taxes Planning 77

The Big Picture

OCTOBER 3, 2022

Two writers of different generations hunt for cool, age-appropriate solutions. Two writers of different generations hunt for cool, age-appropriate solutions. His new book is “ How Minds Change: The Surprising Science of Belief, Opinion, and Persuasion.”. But, our columnist writes, much of the damage is already behind us. (

Investing 161

Investing Investments Marketing Marketing 161

Random Roger's Retirement Planning

FEBRUARY 29, 2024

an investor can get most of the way there just by shortening duration and diversifying among different income sectors. The information, analysis and opinions expressed herein reflect our judgment and opinions as of the date of writing and are subject to change at any time without notice. That just isn't the reality.

Marketing 74

Marketing Marketing Math Portfolio 74

The Big Picture

NOVEMBER 1, 2023

My mid-week morning train WFH reads: • The pandemic has broken a closely followed survey of sentiment: Americans’ opinions about the state of the economy have diverged from reality : Americans are gloomy about the state of the economy. (How did that happen?) Dealers have been warning of slowing EV demand for months.

Retail 130

Retail Economy Engineering Financial Services 130

Random Roger's Retirement Planning

NOVEMBER 6, 2023

It could be the difference between mild frustration and outright panic. The information, analysis and opinions expressed herein reflect our judgment and opinions as of the date of writing and are subject to change at any time without notice. The fund in question is the Simplify Tail Risk Strategy ETF (CYA).

Math 94

Math Education Management Taxes 94

The Big Picture

SEPTEMBER 30, 2022

John Paulson on Frothy US Housing Market: This Time Is Different Unlike subprime era, financial system is not at risk, he says Real interest rates blamed for lackluster gold price. His new book is “ How Minds Change: The Surprising Science of Belief, Opinion, and Persuasion.”. The ultrawealthy are donating more than ever. Bloomberg ).

Banking 169

Banking Government Economics Numbers 169

Random Roger's Retirement Planning

MARCH 11, 2024

2018 was not 1987 and if there is another event where volatility ends up being a major determent then it will be different than the other two but with some overlap. There have been volatility events before. The 1987 crash was partly attributed to selling portfolio insurance and there was the so called Volmageddon of 2018.

Numbers 93

Numbers Insurance Marketing Marketing 93

Random Roger's Retirement Planning

JANUARY 2, 2024

I mentioned 35% is in VOO, the other 65% is in several alternatives that I would say are all very different from each other and there is no plain vanilla fixed income exposure. We talk frequently about smoothing out a portfolio's ride. There is tradeoff to being down less which is being up less in years like 2009 and 2023.

Portfolio 66

Portfolio Taxes Clients Marketing 66

FMG

FEBRUARY 28, 2024

Most podcasts might be on one or two different platforms, but the Wealthy HOMES podcast is on five. Wilde Wealth Management Group – “The Wilde Wealth Way” Podcast The Wilde Wealth Way podcast takes a different approach than the previous two, opting to do a video-based podcast.

Financial Advisor 52

Financial Advisor Wealth Management Advertising Consulting 52

MainStreet Financial Planning

FEBRUARY 1, 2024

Here is what makes us different: Hourly, Fee-Only Service: We operate on an hourly or, flat, fee-only basis, ensuring transparency and alignment of interests with our clients. This eliminates barriers , making our services accessible to individuals across different income brackets.

Financial Advice 96

Financial Advice Planning Fee Only Financial Planning 96