Gregory Becker

@Larry_Legend_99 @OptimizedPort I mean if it's cash or cash like instruments id assume it's one to one

@OptimizedPort You really are clueless, huh? One simple question for you to answer… Is cash on the balance sheet priced at 1 to 1 or is it discounted? I’ll hang up and listen. 🤡

A lot of mental gymnastics to say you effectively transferred money from your left pocket to your right pocket and paid taxes on it.

@CashflowAcct @OptimizedPort Then why the obsession with income? If you want a factor target it regardless of the dividend. If you want cash sell the asset. The income factor is entirely a mental accounting trick. I guess if that helps you keep the course behaviorally that's irrationally rational

@OptimizedPort I couldn't care less about you responding on my own tweets. People need to know when a certified professional paints half a picture to strengthen their opinions, which regardless of having NFA in a bio, carry more weight.

Do all "financial professionals" justify their opinions by using strawmans in a vacuum? No serious investor calls dividends free money. They are earned profits from a company being distributed. Yes, it drops the share price, but that doesn't make it free money. Nor does it make investing in it like transferring money from one pocket to another. If anything, it's more like putting a dollar in someone else's pocket. They find some more money, put 97% of it in their pocket and give you the other 3%. I'd like an opinion from @HighYieldHustle and @BrattoBiz who this chain all started from. If they tell me my understanding is wrong, I'll accept it.

@CashflowAcct @OptimizedPort I think it's because his only criticism is that paying out a dividend just makes a taxable event out of moving money from the corp bank account to yours. Many investors assume not selling shares means not reducing the port value. I hear this everyday from ppl

For a financial professional, to put dividends into such a vacuum is very misleading about the fundamentals behind dividend investing. And such, makes me genuinely think less of your credentials. I think within all context of the quoted tweet, what you meant to say is not what is able to be comprehended without more context. Such ad hominem is deserved when a financial professional such as yourself poses such a flawed argument. Take the letters out of your name and it wouldn't happen.

@orrdavid I'm generally deferential to the police if there's some ambiguity or threat. Today I felt it was a clear overreach, especially given the spokespersons claiming intent to murder or domestic terrorist claim (lol). Do agree on the points about confusion. A lot of righteous anger

Leading up to today's event: * Years of a totally open southern border, no enforcement of our existing laws despite a majority of Americans being opposed. * Years of cities and states refusing to enforce or assist in enforcing immigration laws, some cities even declaring themselves "sanctuaries". * Laws being selectively enforced. If police detain someone in a normal situation, someone would get arrested if they interfere. But in an illegal immigration context, suddenly it's apparently fine for people to interfere. For instance, people were playing loud whistles and yelling at police from all sides during today's event. In any other context, people would not be allowed to do this. It's obviously wrong. Playing loud whistles to interrupt the police is not a first amendment issue. The whole point of those kinds of tactics - if we're being honest - is to add confusion and make it harder for law enforcement to do their jobs. Which ultimately leads to more outcomes like today's. And so it rings hollow when these same people care about the law being enforced in today's grey area case. Where do I stand? Fine, put these ICE agents into the legal process... but only if you also start enforcing all of the above laws in a real way, too. I'm not holding my breath here that the political activists involved in this would take this deal. In fact, what they truly want is for more people to get killed in events like this, because they are playing an evil political game. And they're sure not fooling me.

@StolpyStolps @TheDrewFeldman Yeah I don't mean like the rule itself can be bent. I mean there's still a significant diversification benefit for most (eg most would benefit greatly if they have concentrated positions)

@becker_gregory @TheDrewFeldman There is literally zero leniency. If you’re over the 25/50 test by a single dollar the entire exchange can be tainted

Hey Advisors. This could be a huge value add for your clients with concentrated positions. Love the innovation!

@TheDrewFeldman Took me half an hour to get my Samsung oven out of this mode lol

You’ll notice I don’t post Friday evening to Saturday evening. I observe Shabbat. No phones, no internet, not even small cap value. For 24 (really 25 hours). I do this every single week, no matter what. Highly recommend digital detox day if you haven’t tried one!

@TheDrewFeldman @StolpyStolps I know Wes has gone over the rules and they didn't seem that hard to overcome at all

@becker_gregory @StolpyStolps It’s literally designed to help people reduce concentrated holdings

@StolpyStolps @TheDrewFeldman I think they're pretty lenient on that

@TheDrewFeldman Contributions need to be diversified

@HML_Compounder @TheDrewFeldman Resulting

@TheDrewFeldman It’s a great lesson in strategy vs. outcome. I sold early, didn’t work. At another more recent gig I sold early (as soon and as much as I could) and it worked out great. I think my strategy was right both times. Net outcome still pretty good.

Days like today it hurts the worst to be a value investor.

@mammabeartrader @holcomb2012 @unusual_whales It is pretty simple as described however to be mostly practical you want no funds in a traditional IRA other than the converted amounts (you can have pretax funds in a traditional 401k but not in a traditional IRA without causing a headache at tax time)

@holcomb2012 @unusual_whales How if you make over the threshold for the Roth? If I wasn't California poor I'd have people to figure this out probably.

New retirement account contribution limits have been announced; - Employees can contribute up to $24,500 to their 401(k)s and similar workplace retirement plans — a $1,000 increase from this year. - The annual IRA contribution limit will also rise next year, increasing from $7,000 to $7,500. The rules are more generous for older savers: - For 401(k) plans, workers age 50 and over may add an extra $8,000 in 2026, bringing their total allowable contribution to $32,500. Those ages 60 to 63 can contribute even more, with a maximum of $35,750. - For IRAs, people 50 and older can make an additional $1,100 catch-up contribution. This amount, previously fixed at $1,000, is now being indexed to inflation under a 2022 law.

@choffstein The image makes the point stronger than the text

i was so fooled-by-randomness pilled in my youth that even when i have an investment thesis and it plays out *exactly* how I thought it would – and I profit from it – i still end up thinking, "that was probably luck."

@shannonsalter70 @MrDanielBuck I think reality would be visible if only your ideals would move out of the way

@MrDanielBuck Or…no moving to the next class until you’ve mastered this one. It’s not unlimited retakes, it’s not allowing students to skip showing whether they’ve learned something or not and still passing them. It’s holding them accountable for all the work, not some arbitrary % of it.

When will the edu-establishment understand that always give students more and more and more chances DOESN'T HELP THEM No late penalties. Unlimited retakes. End-of-semester make-up days. It instills habits of slack, laziness, and procrastination

@HML_Compounder @choffstein Whenever I import pandas I don't get any of the cool occult imagery

@choffstein lol.

they finally got me, y'all

@sgrooves @mhp_guy Yeah I don't understand this either. Unless there's a difference in expected vs actual depreciation in the leasees favor I'm confused why it's touted as the smarter move

It was a good run…but I’m selling my Model S & leasing a Cybertruck for 2 years. I never thought I’d be the leasing type, but these things depreciate like a rock & I don’t see that improving soon. From $115k to $40k in 3 years. It’s hard to live on acreage without a truck.

@choffstein sounded like corey's 2-year-old in the background near the end

Transcript: flirtingwithmodels.com/episodes/HB4VT… Apple: podcasts.apple.com/us/podcast/chr… Spotify: open.spotify.com/episode/6z65md… YouTube: youtube.com/watch?v=opgCrq…

Designing Practical Factor Models (S7E20) In this episode, I speak with Chris Carrano, Vice President of Strategic Research at Venn by Two Sigma. Chris has had a rare vantage point in the world of factors — spanning smart beta, long/short hedge funds, and risk modeling — and that experience has shaped a thoughtful view of what factors really are and how they can be practically used. We dive into the philosophy and design behind Venn: why it uses just 18 orthogonalized factors, how it blends Lasso and OLS to reduce overfitting, and why it prioritizes interpretability over complexity. We also tackle messy real-world challenges: how to analyze private markets with sparse data, how to trust synthetic return streams, and where to draw the line when using monthly snapshots that embed structural portfolio shifts. Finally, we explore what it means to make factor results actionable—whether through stress testing, residual interpretation, or portfolio diagnostics. Please enjoy my conversation with Chris Carrano.

@djwindle @AravindSitham @grok @HML_Compounder @Andrew68508 You can sell the share or you can lower the value of the share by the dividend. Nav the same.

Forced sale no. Distribution of profit, yes. But the fact that everyone is so stuck on this singular topic, of which no one is arguing blows my fucking mind. No one is arguing against this. And it's never been my argument. Ever. But we're just gonna keep arguing it, like it is....Absolutely stupid.

In 2 Decades as a Financial Planner, I haven't seen a single annuity that didn't make me want to punch the person in the face that sold it to the client.... Not 1

@djwindle @AravindSitham @grok @HML_Compounder @Andrew68508 Honestly makes me respect the cfp less when you can get that and not understand a dividend is a forced sale. I understand the behavioral arguments and they probably are fair points for a lot of people

@AravindSitham @grok @HML_Compounder @Andrew68508 No, grok didn't prove anything wrong. Grok wasnot running it properly, as even HML said. But it's hilarious, how in sync you guys are. One of you goes after someone, all 10 of you do.

@battyxbri I'll take fries with that

JD Vance is at my work rn It’s my time to shine

@TrendingValue had the snoo for both mine (one still in it). Love it, but my kids slept through the night after a month old or so (not sure it's the snoo or good luck). I do recommend the onesies with double zippers, i never personally liked the buttons or snaps.

Baby #1 on the way in T-minus 3 weeks. I'll take any and all tips and tricks. Also, we're considering the cradlewise. Any opinions? **we've got the stroller and car seat all ready to go.

@svrnco is because you want the world to be just? Or for you to be treated fairly?

One of my flaws is that if I feel someone has deeply wronged me and they are unethical, I will expend an irrational amount of energy and resources to achieve justice. Too many people are OK letting shitty people get away with wrongdoing. Thankfully this is extremely rare.