YellingAtTheClouds

@TheMattViera @RyanHaiss yes. let’s involve lawyers and start off on bad footing vs having separate accounts that costs nothing. genius. are you a lawyer?

@RunEricRun @RyanHaiss That's why there is such thing as a prenup.

Most people think financial planning is about managing money. Sometimes, it is about helping a family navigate the unthinkable. When a spouse passes away unexpectedly, the surviving family may be faced with major decisions around Social Security, RMDs, insurance proceeds, pension choices, taxes, estate settlement, account changes, and cash flow...all while grieving. That is why financial planning is about more than money. It is about helping people make thoughtful decisions during moments when life feels overwhelming. The value of a financial planner is not always measured in returns. Sometimes, it is measured in clarity, steadiness, and guidance when it matters most.

@themotleyfool but, but, but muh tax loss harvesting strategy, derp

Holding stocks for less than 3 years is price speculation, not business investment. Be an investor. You’ll make a lot more.

@MoneyJrod If they are happy then why should anyone care?

Someone please sell me on the idea of why a happily married couple should have separate finances

@nicksortor I promise to not cheat on my taxes so let’s get rid of the IRS, too. I can’t prove it but I do know someone who will vouch for me.

🚨 JUST IN: Sen. Mike Lee is TORCHING Senators who are holding up the SAVE America Act “I have yet to hear a LEGITIMATE argument against the bill!” “Do they really just want to make it SO EASY to vote that they're willing to make it easier to CHEAT?!”

@egr_investor not sure. I think Vanderbilt does $200k so do Harvard, Yale, MIT and Penn

@RunEricRun I wonder whether there is some sort of ramp over $150k or whether it’s a sharp cut-off.

Hot take: if you have a kid today, you should mentally underwrite ~$800k+ for 4 years at a private Ivy+/peer school. Not because college is “worth any price,” but because the sticker price trajectory is absolutely brutal. #PersonalFinance #Education #HigherEd #Inflation

@egr_investor Notre Dame just announced free tuition for families earning under $150k/yr. Either make a lot or make very little. Don’t fall in between.

@BCHSTrack1 Track school. The little engine that could.

After 2 weeks of competing indoors, the Lady Trojans are ranked 2nd in State!

@TheMattViera @RyanHaiss I’m willing to bet the couples with an FA have far fewer financial arguments that those without. Now, is a 1% annual fee worth half of your assets if that divorce happens due to financial arguments. I just changed the entire narrative, didn’t I?

@RyanHaiss It's all about that second set of eyes to help see the blind spots.

@EERSNATION Major Harris’ Natty. There is no other option

😑

@AdvisorJobs Having a great mentor is a true career hack. Don’t ask how to find them. They find you. They watch your attitude and effort every day. One day they will reveal themselves. Identify that person at your job and let them see you perform. Good luck.

One thing that doesn’t get talked about enough: Who you sit next to early in your career matters a lot. The advisor you learn under… How they prospect… How they run meetings… How they think about clients… That becomes your baseline. Some people get lucky. Others pick up habits they spend years trying to unlearn.

@kdemoff @AdamSchefter Yeah. Let their crap management sink their organization and mortgage so much of their future that the next management team has no chance of recovery. I support this for Cleveland, Cincinnati and Baltimore

Nothing creates more interest in the NFL than trades. This is why Cleveland’s proposal to allow teams to trade picks up to 5 years out as opposed to 3 years out makes so much sense. More picks to trade = more trades = more interest & team building options.

@reidouse Nah. It’s the coach that allows that to happen. The fish rots from the head.

The most toxic person in a program isn't the complainer. It's the talented player with a mediocre work ethic that everyone else starts to emulate.

@blakeaburge Always used to tell my employees: If you bring me a problem we now have 2 people with a problem and you will likely hate my solution. Bring me solutions and we will likely implement them (with some minor tweaks) and we will both be happier. Don’t let them delegate up.

A rule that will accelerate your career: If you bring a problem, bring context. If you bring context, bring options. If you bring options, bring a recommendation. People trust people who help them think. Anyone can spot an issue, few can actually help move things forward.

@SteveOnSpeed Do that for as long as you can. Eliminate debt. Be disciplined with your spending and saving. See if you can live on that $60k and be prepared for the day you decide the $120k isn’t worth all of the headaches. We all get there. It’s just a matter of when.

This may not be popular, but I'm going to say it anyway: I'd much rather work a $120,000/year job I don't like than a $60,000/year job that I love.

@askjussi @TheK93692409 I don’t hate owning properties. I just prefer to also own the companies that operate a profitable business on those properties: MCD, AMZN, LOW, HD, etc. Owning the property with no guarantee that the rent will be paid is a bad investment in my eyes. Good luck land lording.

@RunEricRun @TheK93692409 Office is 3% of the REIT sector. Malls are even less than that. Lots of REITs are heavily invested in red states.

Most equities could face significant disruption from AI. Barriers to entry are collapsing across many industries, and competition is rising fast. But REITs own real assets. AI cannot create more land, zoning permits, or prime locations. That makes them the ultimate anti-AI asset class.

@DrNiravPandya Why do you care how people choose to spend their money?

Less than 2% of high school athletes will get a college scholarship (and even less will go pro) but the entire youth sports complex is designed around spending money and breaking down physically to achieve a goal that 98% of athletes won’t achieve. Keep sports competitive & fun.

@TheK93692409 @askjussi 140 characters makes it hard to flesh out a full doctoral thesis to satisfy you. I countered 2 in the space allotted. If you want me to counter all of them you are going to wait a long time. LOL “for the record”. OK counselor. I guess you “win”. Ha ha

@RunEricRun @askjussi For the record I'm going like 5% into funds like vnq. And you didn't counter any of these points above. All you could say was that office is bad and some malls are in bad shape

@TheK93692409 @askjussi Good luck with those REITs, bro

@RunEricRun @askjussi More sectors that office and malls bro

@TheK93692409 @askjussi No. Just looking at how the world has changed through Covid, WFH, large companies leaving big blue cities and moving to red areas, etc, etc. I’ve watched malls die and be repurposed and online shopping take off. Recency Bias is the same cry of those that held Polaroid to the end

@RunEricRun @askjussi You're a textbook example of recency bias. You assume what recently happened is what always happens. Diversify away from the s&p 500 to asset classes that aren't so expensive like value, small caps, REITs. The forecast for next 10 years is literally 0-1%

@stevemagness Why do you care what other people choose to do with their money?

Can someone explain why some 10 year old needs to travel hundreds of miles for competition that they almost certainly could have found locally? Travel leagues for youth sports should be banned.