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Avoid the Unforced Investment Errors Even Billionaires Make

The Big Picture

Two managers of a single-family office siphoned off so much money that each became a billionaire. Other than a handful of superstar managers (most of whose funds you cannot get into), the vast majority of these managers fail to justify their costs. Do you hang on every word whenever a famous fund manager shows up on TV?

Investing 264
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Why Gen 2 Advisors Are a Flight Risk

Wealth Management

In 2023, he launched his own firm, Park Hill Financial Planning and Investment Management. “I False Advertising Dann Ryan, 39, founder and managing partner of New York-based Sincerus Advisory , said his first RIA job had a verbal agreement to give him a stake as a partner in 10 years. " Brennan’s response?

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Q&A: Your Money Map

The Big Picture

How useful is management guidance? Compounding, Denominator Blindness, Survivorship Bias all affect our abilities to make good decisions about the future when even basic math is involved. Should I care about a stock target of 280/323 (its 230)? Is it late, early, boilerplate legal noise? What is the track record?

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Tuesday links: paying for the news

Abnormal Returns

Fund management There is no escaping the math on leveraged ETFs. linkedin.com) Why CITs are cheaper than mutual funds. crr.bc.edu) Technology AWS is spinning up an Nvidia ($NVDA) competitor using its own chips. wsj.com) Meta ($META) is reportedly investing $10 billion in subsea cables.

Math 147
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At the Money: Meb Faber on Tax Aware ETFs

The Big Picture

Full transcript below. ~~~ About this week’s guest: Meb Faber is co-Founder and CIO at Cambria Investment Management, as well as research firm Idea Farm. The fund runs 15 ETFs and manages nearly 3 billion in assets. And the way math works, you end up with a stock that goes up a bunch. And that’s the broad market.

Taxes 130
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When is the Best Time for a Roth Conversion?

Darrow Wealth Management

It can be easier to manage your investments when they are all in one place, which makes this a good option for some. Consider your next steps carefully and find a strategy that is consistent with your retirement planning goals and wealth management objectives. appeared first on Darrow Wealth Management.

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"We're Living In 'End Times' When You Can't Retire On $1 Million"

Random Roger's Retirement Planning

What is the math for a 4-5% withdrawal rate? The incident management team work (fire related) probably requires more of a commitment than makes sense in light of my day job so that is sort of back burnered other than maintaining contacts and relationships. million account can be a source of $70,000/yr for a very long time.