Jason Pedersen

Marco Rubio on Leeroy Jenkins: Everyone standing around outside complaining that there is no plan should be grateful that Leeroy stormed into the room with dragon eggs.

Always be selling

@egr_investor They’re #1 in accounting, as well

Honestly, in most tech and engineering hiring scenarios, I'd choose the Illinois grad over the Penn grad. UIUC is an engineering powerhouse, and prestige-signaling from the finance sector doesn't change that. That said, I do have immense respect for a few Penn engineering professors, such as Nader Engheta.

This is insanely arrogant. Illinois has one of the strongest engineering programs in the country, so I wouldn’t be so sure about “you’re gonna work for us someday” for a lot of the people in that crowd. But yeah, keep telling yourself that. #UPenn #MarchMadness

@egr_investor Doing an analysis of Macy’s for school right now. Was astonished to see the stock had less than 0 return (including dividends!) over the past 20 years!

That’s only half true. If you own a diversified index fund, quitting early can be fatal. If you pick individual stocks, the data are much less forgiving: most stocks lag cash over their lifetimes, and only a small minority create the market’s net wealth. Bad behavior matters, but bad selection does too.

@The_Plain_Bagel This is not tax advice.

Actually don’t though

Supply chain shocks are bad but the silver lining is they mean a lot of great Odd Lots episodes.

@egr_investor Models will likely be trained on the worst advisors in the industry.

As a client, why would you ever put your money with a firm like Range when their stated goal is to 'eliminate our own advisor base' over the next one to three years? Those advisors likely have no long-term incentive to ensure your success, and the firm essentially views you and your advisor as mere training data. How can you trust a firm like this?

@davidellebrecht @shawngorham ✌️ Certainly not a good solution for every climate, but coastal CA it works amazing.

@jasonpedersen @shawngorham Yes I am. Thanks for clarifying.

A whole house fan is one of the best things Ive ever installed in my house

@davidellebrecht @shawngorham Think you’re confusing running the fan of your HVAC system (which is filtered) with a whole house fan.

@jasonpedersen @shawngorham You filter the air before the fan circulates it through the house, not as it leaves the house.

@davidellebrecht @shawngorham So you’re putting a filter on every open window?

@shawngorham Big “fan” here, too 😉 Probably only a handful of days a year that I can’t use it to cool off in the evening or pre-cool in the morning. Have it running right now!

@shawngorham @davidellebrecht Why would you filter the air going out of your house? You’d need a filter on every open window.

@davidellebrecht I have a quite cool, super efficient - but mine doesnt have a filter... weird

@DustyNabor I propose we increase the frequency with lower intensity! 4x 30 minute time changes during the year rather than 2x 1 hour.

@jasonpedersen It’s funny how quick we forgot that some dumb thing we did to the clocks a few days ago can actually have a pretty big effect…,that and you’re also a pile ;)

Athletes who workout in the morning, remember it takes a few days to feel the effects of Daylight Saving time. If you’re feeling really tired and groggy right now, that’s why. Give yourself some grace through the weekend and well into next week to adjust.

@egr_investor TBD! 😩

@jasonpedersen Wow, congrats! That’s huge! I’m sure it will feel like a huge cash flow boost until college hits (unless you opt for private schools).

If five-star resort vacations and business class flights seem expensive, wait until you hear how much I spent on childcare last year! 😅

@HighyieldHarry My guess is you get both right and left tails in that group.

They go to the gym around 10am-11:30am.

@AffordAnything Agree with all that. Especially if an employer wanted to contribute! But tax deferral (w/o deductions) of already tax efficient equity index funds is not worth the limitations. IMO, take all free money in 530A, then fund 529 to fund college, then UTMA.

Employers can offer matching contributions to a 530A that's totally tax-free to the recipient. That's not the case in a 529 plan. And that can be as much as $2500. Plus, money can stay in a 530A plan forever. Theoretically, you could start it when the child is a newborn, and the kid can let the money compound until they're 59 and a half if they choose to do so. It effectively just turns into a trad IRA at that point. I mean, theoretically, you could keep a 529 and turn it into a de facto "family educational account" by changing beneficiaries, but it has lots of restrictions around the use of that money. The 530A doesn't have those same type of usage restrictions. It has some restrictions (buy a house or start a business or pay for college or have a kid), but they're not nearly as onerous as the 529.

I mean this in all nonpartisan seriousness: if you have a baby born between 2025 and 2028. please, please sign them up for a Trump account, also known as an Invest America account, and also known as a 530A account. If you are refraining from doing so because of a political statement, first, my question to you is: Do you agree with the politics of Senator William Roth? Oh -- What's that? You don't know who he is? Yet you likely have a Roth account. Second, if it makes you feel better, call it a 530A account. Call it an "Invest America" account. Call it whatever you want. Just please open up an account for your child. Benefits: -- $1000 from the federal government / taxpayers -- ability to invest $5,000 per year in a tax-advantaged account that compounds throughout your child's life -- money must be invested in a low-fee broad market index fund It is absolutely not comparable to the 529 plan, which has much weaker tax advantages and does not come with any initial contribution from the government. Babies born between 2025 and 2028 are eligible as long as they have a valid social security number. While any child with a valid social security number can have a 530A account, only US citizens are eligible for the $1000 seed money. Anyone can make a contribution towards the $5,000 annual max. It does not have to come from a parent. Uncles, aunts, cousins, friends, neighbors -- it takes a village. Fill out IRS form 4547 to open an account. You can begin making contributions after the 4th of July.

Regular CPI sucks. So I had Claude build the RPI (Redneck Price Index) with shit that matters: 150hp Evinrude, Copenhagen, 1# of nails, 30-pack, singlewide, propane, duct tape, fishing license, full-size truck, A/T tires & .30-06 ammo. Not looking great.