Derek Amey | Partner, Advisor & Co-CIO

Two weeks ago, I'm enjoying @LizYoungStrat appearance on @TheCompoundNews podcast.... today i got quoted in an article with her. is #humblebrag still a thing, cuz I'm doing it! money.com/weekly-stock-m…

@billsweet Great! (written in sarcasm font)... As if remembering the different state rules on how they handle distributions for k-12 isn't annoying enough, now there's another nuance we're all going to have to remember.

hunh - New York resident 529 -> Roth IRA rollovers a) non-qualified distribution for state tax purposes b) require recapture of tax benefits "accrued on contributions" cdn.unite529.com/jcdn/files/NYD…

@SethMagaziner hey Seth can u talk to whomever is doing your robocalls…3 times in 5 minutes during dinner? Bit much no?

@robesmit I stand corrected. Thanks for details. Still seems like a paltry amount of money, given the complexities & misunderstandings that we continue to see arise on the topic.

@DerekAmey probably not, the agency already has designs for signs and brochures — in 7 languages! — for use as part of their adopt-a-ROW program, and printed brochures are available for free at their office in SK

Interesting tidbit in this year's budget, money for CRMC to promote shoreline access signs and brochures:

@CuttinosLife Cat Congrats on the Ring of honor induction! Watching that video brings me back. You wouldn't remember me, 1997 grad here as well but at URI orientation you and I were in the same group. Maybe 10 kids total and a Upper classman. We all walked campus together and had a tour. At the beginning, we were all standing in Keaney and had to introduce ourselves and what we were doing at URI, what our major was etc. When it came to your turn you said "My name's Cat and I'm here to play basketball" The upperclassman first asked you about your name, but then.....Hand on a bible, the girl said to you "Do you want to play in the NBA? Will we be able to say we knew you when?" and without hesitation you said "I'm here to make it to the NBA"....as a 17 year old who didn't know anything, all i could think was "this kid is crazy, he's at the wrong school! "cuz URI hadn't produced that much NBA talent. But you proved to the world you were in the right place and after watching this video thought i'd just share my own story that confirms the essence of what you were saying. Congrats again!

@KellyBatesRI i do for sure! Especially to see if the person actually put effort in. lot of times it seems like people just write one, and don't customize it to my posting.

@matt_levine you’ve probably already had some feedback on todays “money stuff” but if not here’s mine. Elderly gentleman in my ‘hood told me back in 70’s/80’s was very common for new owner to keep paying old owner mortgage and that bank didn’t even care who check was from. The deed would still change names, but bank just kept cashing the checks. I asked if that became issue when seller went to buy new house “hmmm rhat never came up!”…anyways for what it’s worth that idea of urs has actually occurred in our lifetime. Enjoyed the piece as always :)

Impossible to avoid doom articles, but this might be one of the dumbest. Wait till they figure out what the collective negative equity in cars is ! #SPX500 #djia #SPY dailymail.co.uk/news/article-1…

Is she crazy or right? $spy #sp500

Last I read advisors 55 years old and older make up 40%+ of our industry. I fathom a guess that the assets those same advisors manage is an even larger percentage. If we can't attract and KEEP younger folks in this industry we're headed for a major debacle. For an industry that prides ourselves on "planning for the future" we're doing a poor job of it ourselves. This is embarrassing.

@RyanDetrick @Reds Am I too old for baseball now? I can’t figure out those stats next to their names for the life of me!

Let the De La Cruz era begin! @Reds

@barryknapp Barry (fellow URI grad and ironsides sub) here. Doesn't it seem like this doesn't get enough attention from the media? I just can't understand why this isn't being beaten into us as a positive trend for the US economy. We should almost be sick of hearing about it, no? lol.

Tech Supply Chain Homecoming - They (my Barclays colleagues a decade ago) said it would never happen - Private Nonresidential Construction +31.2% YoY - Mfg +104.6% -- April Mfg +$15bn, $11.5bn Computer/Electronic/Electrical -- This chart looks like an AI stock #macrobond

Any #realtors or folks who know how $Z #zillow works care to chime in? This house just listed yesterday, as you can see. Should the Zestimate jump by $200k just cuz they listed it that high? Seems disingenuous .

When you do traditional search, validation on the accuracy of the info comes from the results. If article in WSJ says we’re in a recession, it’s more believable. These #ai tools don’t report their sources, so who’s to know where info is coming from.

Here’s my current issue with #ai …if you don’t know anything about the topic, you won’t know if it’s flat out wrong. I asked @Google #bard to write a blog about pending US #recession and it came back telling me we entered one in Feb. see answer below. 1/2

@SamRo Enjoy while listening to latest oddlots with @tracyalloway and @TheStalwart !! They talk about why bourbon could have their own supply issues (in 20 years )!!

if you’re making old fashioneds at home, I recommend using this one

@EconomPic @MebFaber @BullandBaird Slight difference in start/finish from @MebFaber might explain, he's starting in 1992

@MebFaber @BullandBaird Still looks wrong

Did you know that over the past 30 years, foreign stocks* have outperformed US stocks? You do not have to have US stocks to succeed.

Live look at the #Fed trying to keep the economy afloat as they try to bring #inflation down :) #SPX500