Ryan Ammon

AI-proof

@McLeanGolf @PGATOUR Lucky to get to spend the weekend with him at your Fort Worth golf school opening!

Jackie Burke at age 94! Jackie passed away just before age 101! He was a Masters and PGA CHAMPION! The most interesting person you could ever meet in life. Past Ryder Cup Captain! Played on 5 USA Ryder Cup Teams. How simple does this look 👀 @PGATOUR #golf #golfswings #golflessons @McLeanGolf

@CaydenWMcLaugh Can’t be right

@exactmiss Nuts right

He paid Goldman Sachs 63x MORE to earn 1.6% LESS. GS stuck him in a "tax-aware direct indexing" strategy. Sounds sophisticated. Feels important. Let's see if it paid off for him last year vs $VOO: For every $1000 he invested in GS's direct indexing, he made $16 less than the regular ole vanilla ETF. We call this "window dressing" in wealth management.

🐂 Bull Case: Dollar weakness is a tailwind for international investment allocations. Outside the US returns translate into more dollars when converted back. If global growth exceeds recent results as expected plus a weakened dollar, it could be a great setup for diversified portfolios.

🐻 Bear Case: Dollar weakness signals a decrease in demand for US assets. If that decrease shows up in higher long term rates, we may see downward pressure to stock prices, increased mortgage costs, increasing amounts of interest paid on government debt, and higher inflation from more expensive imports.

It's the championship game for pee-wee soccer today. Just kidding we aren't supposed to keep score. Treat your financial situation like a kid playing soccer. You can make an unbelievable amount of change from one season to the next. Just do it.

If your head is still spinning from your tax outcome on the 15th, now is the time to start building a tax projection for once. Surprise bills are (almost) just as bad as surprise refunds. There should be a range of acceptable outcomes, otherwise you can't really do any tax planning. And guess who your biggest business partner is? The IRS.

Family office may be the most overused industry term out there. It's unbelievably good marketing to sell some sizzle.

🐂 Bull Case: Low consumer confidence is a bullish indicator and we've got some pretty darn low consumer confidence. Pessimism clears the deck.

🐻 Bear Case: There's a theory that today's economy brings "rolling recessions." It means that multiple sectors can contract while others grow. The net is aggregate weakness, albeit shallower than a broad recession. Manufacturing is losing jobs Consumer confidence is at recession levels. Credit card delinquincies are at 14 year highs. We haven't see GDP decline, but will we?

The needs of clients are continuing to require decisions that are interdependent on others. Roth conversions need to consider the entire tax plan. Proper liability insurance depends on the asset base and asset location. Estate planning needs to consider the entire financial tree and entire financials. Firms that deliver an integrated experience are the ones that deliver the most value to their clients. The days of fragmented service models are dying on the vine.

@jjkilleentcu How can the weather look so perfect and horrible at the same time?

Nairn Golf Club 11/10….

People procrastinate. I procrastinate. An impossible to quanity value of a good advisor will ensure that the financial plan is actually implemented. Otherwise it's wasting paper and ink and ruining the environment.

@LouStagner @pembelson Yes because the sponsors exemptions aren’t always touring pros

What do you think about this question from @pembelson? - - - - - - Lou, Hypothetical question from my weekend group. A 5-index gets a full PGA Tour card for the season. Expenses paid, veteran caddie, practice rounds. We all agree he's never making a cut. But could he avoid finishing dead last just once? Let's assume he plays 50 events, that's 100 rounds. All he needs is one pro's worst day to line up with his best. Can it happen?

We'll be releasing a refreshed look at what we're building at Double Eagle and who the right advisors are to build it with us. If you'd like a copy, DM or text me 214-814-4978 and I'll send it along when it's ready soon!

@acaseofthegolf1 I was hoping they were announcing Monday qualifiers and you were breaking the news in the most incredible way

There will be a time for a string of the screenshots I took today, calling me a fuckface or dickhead or an idiot. (There is A LOT) But that day is not today. But i will say this. I wouldn’t put out something this serious without being 99.99% sure I was right. I spoke with numerous people last night about what I had and if it was enough. These are people I trust and would shoot me straight. They all said I was good. And I trusted my sources 1000%. I know the responsibility of what that tweet would mean. And I made sure I was as close to certain as i could be. I wouldn’t have put it out without knowing I had the goods. So for the people who said I was an asshole, or dipshit. It’s too late to delete them, look forward to posting the string.

PIMCO buys the entire $400M bond offering from Blue Owl private credit fund. They are either pretty comfortable with private credit and Blue Owl or think they can trade it. Either way, they must not think it's imminently toxic.