Scott Putnam - Advisor

I find myself on X less and less. Feels less and less relevant by the day.

Got three AMEX cards this year. Great program. I have arrived.

@reichert4gov @GovInslee Unconstitutional. Our State Constitution forbids this. Will be overturned.

BREAKING: @GovInslee just signed HB 1589 into law, which begins the process to ban natural gas in WA, starting with PSE customers. As we look to solve critical affordability issues in our area, such piecemeal policies costing anywhere from $40,000 to $70,000 per household, is the last thing we need. HB 1589 only continues to burden, not help Washingtonians. @thecentersquare: thecentersquare.com/washington/art… #ChangeWA #FixWA #DoTheRightThing

Realtor fees get cut in half Now investors see an IRR 2% higher than previous on every property Prices rise to account for lower expenses because there is no free lunch in finance, rates of return will normalize via higher prices pushing yields back down Current owners win

@ArtCandee @GOPoversight Lol. Comment addresses zero facts. You're a joke.

@GOPoversight Your impeachment inquiry is a farce. Even Fox is reporting that you have nothing.

🚨THE WHITE HOUSE IS PANICKING🚨 President Biden wants our impeachment inquiry to end, but that’s not for the subject of the investigation to decide. This is just more obstruction from the Biden White House. The White House is OBSTRUCTING Congress from obtaining the following: ▪️ All drafts of then-Vice President Biden’s speech delivered to the Ukrainian Rada in Dec. 2015 ▪️ Joe Biden’s emails with his family’s business associates where he used an alias ▪️ Interviewing current and former White House staff about President Biden’s mishandling of classified documents ▪️ Interviewing a current Biden Administration official about his knowledge of possible FARA violations related to Burisma The White House wants to HIDE the evidence we’ve unearthed about the Bidens’ corruption: ▪️ The Bidens and their associates raked in over $24 million from 2014-2019 by selling Joe Biden as “the brand” ▪️ Vice President Biden dined, attended meetings, spoke on speakerphone, and had coffee with his son’s foreign associates ▪️ Joe Biden has met with nearly ALL foreign associates funneling his family millions ▪️ Witnesses’ testimonies reveal Joe Biden not only knew of and participated in, but enabled the Biden “business” and he was used to close deals with Russian and Chinese entities ▪️ President Biden has lied nearly two dozen times about his family’s business dealings We will not be intimidated by the White House. We will continue to obtain facts for the American people and deliver accountability.

Broad stock market and its bloated broad indexes are in danger just like the nifty 50 were decades ago. Get more concentrated and mix in active strategies. Drop the bottom 250 off the 500 for example. Look to small caps over the next 7 years.

@Buffa_Cuse That's a good index. I own it. I don't own any 500 based index. Garbage at the bottom even if it is cap weighted.

@BitcoinMiningWA So Nasdaq 100?

Made a lot of trades for clients (and in my own accounts) out of broad total market ETFs in favor of more focused funds and tilting more towards value. Decrease in rates will favor quality to rise with breadth also normalizing. Don't buy the S&P 500. Buy the top 250 or less.

@MoneyJrod And diversify elsewhere.

@BitcoinMiningWA I think some people see index investing and they think “average bad I’m an alpha Chad and I want above average”

Shooting for above average returns in the market is a great way to ensure you receive below average returns in the market The sooner you understand this the richer you become. I don’t make the rules

@MoneyJrod Well index investing has its own risks and cons as well. But it certainly isn't terrible. With that said. It's actually very easy and statistically backed to beat a large cap index like the 500. Especially when you have to own the bottom 250. Better to own the top 250...

@MoneyJrod I mean I don't even know what is meant by above average or below average. Average comparatively? Relatively? Relative to an index? Which index? Why? Should that even be compared. And so on.

@BitcoinMiningWA Certainly. That goal post always changes on days like today

@MoneyJrod Depends on what "above average returns" are.

@BitcoinMiningWA For most people even people on this X app

@Budgetdog_ I completely disagree on the killers...(except one) They are actually: -Mistakes (numerous fallacies) -Knee jerk market timing -Taxes including estate taxes

The three biggest wealth BUILDERS: - Time - Contribution - Asset % return The three biggest wealth KILLERS: - Fees - Taxes - Lack of time

@DividendBreeder Never paid for it. Never will.

Pretty sure I’ll be getting rid of the blue check very soon. Basically no user experience difference from the free version of X for me. I’d rather stick with free Twitter.

@WealthCoachMak Add: save 10+% for taxes. IRS will come knocking for theirs on option income.

I traded over 300 covered calls in 2023 and generated more than $51,500 in income Here are my 10 steps for trading a covered call: 👇👇👇 $TSLA $AMZN $GOOG $COIN $AAPL $SQ $SOFI $PLTR

@komonews Life in prison. Bye.

A man is in custody after allegedly shooting a WSP trooper in the leg multiple times during a traffic stop attempt in Kent late Friday evening. komonews.com/news/local/was…

@acolner Anything that isn't a bloated broad fund where you're buying the bottom of the market. Something like OEF although that isn't what is recommend.

@BitcoinMiningWA Which funds?

@Stoy_Hall Mmmmm. Just not enough to move the needle for me. 20% pass through. OK. 24% doesn't start until 178k+ and deductions plus mentioned QBI lower effective rate. Again. 250k+ income, maybe. 500k. Probably more likely. I'll stand by it's more cons than pros unless income is there.

@BitcoinMiningWA LLCs taxed as an S Corp, get the benefits of owners being w2, for employee benefit reasons. As well as TCJA 20% Pass through entity. A few other tax benefits that accountants can speak on.

Here's a powerful strategy for solopreneurs to save for retirement: - Grow your business and become an S corp. - Pay yourself a reasonable salary. - Set up a solo 401(k) and max it out. - Employ your spouse, give them meaningful work, and pay them a fair salary.