Mark Meredith, CFP®️

@ReformedTrader I know Palmer Luckey is a real person.

@MarkTMeredith Curious to hear what it is!

I can verify I knew at least one thing that Cliff Asness didn’t know.

@KyleSchass Definitely the greatest dude, had the pleasure of living with him at EIU.

I’ve never lost a best friend — gutted. Monte Holt was the greatest of dudes. I love you man. 💔

So far this is my experience with Opus 4.7 when asking fairly basic questions.

@gs072887 Insane

I think I can die happy now, first time 2300+

@7Saturdaysaweek I misremembered the post about your kid’s Roth

@MarkTMeredith I don't pay my kids from the business, gets messy with S Corp.

A Trump Account funded $5,000/yr from birth to 18, then converted to a Roth could grow to $3.3M+ by retirement. Most people stopped paying attention after the "$1,000 for newborns" headlines. This might be one of the most overlooked tools for generational wealth in years.

@mtg0827 @ElmWealth That's true. I think they were transparent about that:

@MarkTMeredith @ElmWealth This assumes no meaningful alpha from the L/S overly. If that’s the case, then of course the strategy won’t look good. You need to confident there will be alpha otherwise the strategy doesn’t make sense.

Interesting post by @ElmWealth on long-short direct indexing.

@MFintwit @HML_Compounder @ElmWealth Which part isn’t true?

@MarkTMeredith @HML_Compounder @ElmWealth That’s not true. The longs are certainly turned over.

@HML_Compounder @ElmWealth I’m not sure. They both are reflected as after tax returns. Unless stepped up or donated the strategies need to be unwound at some point.

@MarkTMeredith @ElmWealth I wasn't referring to death. This doesn't feel likes apples-to-apples to me. Case 1: Large realized gain / profits -> index fund (unrealized gains) Case 2: Large realized gain / profits -> LS DI -> unwind the LS DI (realizing some taxes) -> remaining long stonks/gains

@HML_Compounder @ElmWealth They do discuss the benefits of step up in basis later in the article, adds a little juice if the step up is near but not so much if it’s 30 years away.

@MarkTMeredith @ElmWealth Why is there a presumption that she needs to unwind the L/S DI portfolio? I feel like these approaches make the most sense for people like me, who want this type of exposure anyways and will expose to it no matter what (say in AQR mutual funds).

@lhamtil @safimona3 Still a great one 9 years later.

@MarkTMeredith @safimona3 An older post on the topic x.com/i/status/91283…

It’s often claimed small number of stocks account for most of the returns of the market. Yet SCV has had highest returns - an SCV only investor doesn’t hold onto stocks that make it big. How do you reconcile the two?

"I'm just a guy walking in the woods sharing honest financial advice" (with a paid endorsement deal and equity stake disclosed in footnote 47 of the website you'll never visit)

@MebFaber @alphaarchitect Half as good as private credit

@alphaarchitect @MarkTMeredith Is that a good Sharpe?

Every asset manager on X: "I can't talk about our specific funds on here". Michael Saylor 👇

The end of the world has been postponed, again.

@jclooce @diyreturns You’re right, but it’s all the data we have so far.

@MarkTMeredith @diyreturns As an Avantis investor, that's pretty cool! However, for full intellectual honesty, six years are likely not enough to provide statistical significance. It could be interesting to look at the t-stats of the outperformance as well.

@diyreturns gave me this idea. Avantis vs. their most comparable Vanguard ETF. Cheapest isn't best.

@DanPhilip_ @ClayTravis x.com/marktmeredith/…

@ClayTravis Top 1% makes 26% of income and pays 46% of all taxes. Bottom 50% makes 10% of all income and only pays 2% of all taxes. The “fair share” argument isn’t about fairness, it’s about going after and punishing entrepreneurial success.

Happy Tax Day. The top 1% pays 40% of all income taxes, the top 10% pays 72% and the top 25% pays 87% of all income taxes. Meanwhile the bottom 50% pays ZERO income taxes. For all of you actually paying taxes, do you think your tax dollars are being spent well?