The taper, when it comes, will feel like a relief

There is a point at which too much capital everywhere becomes more burdensome than helpful. We reached that point six months ago, as the vaccines were coming online. Too much capital in the housing market leads to sticker shock, mass un-affordability and a slowdown in turnover (some might even call it a stalemate between Gen […]

Monday links: growing humility

Quote of the Day “I used to ‘know’ things. Nowadays there’s very little I’m sure about. Time and experience have made me more humble, in life and investing. One of the few things I’m certain of is that I don’t know very much.” (The Undercover Fund Manager) Chart of the Day The S&P 500 is […]

Adviser links: the ideal adviser

Mondays are all about financial adviser-related links here at Abnormal Returns. You can check out last week’s links including a look at the challenge of keeping a client after an adviser retires. Quote of the Day “The ideal advisor is a guide, a coach. She leads with empathy, not instruction.” (Tim Maurer) Podcasts The biz […]

Not All Structured Notes Are Bad, But There Are Downsides To Know

Ever since 2012, I’ve invested in equity structured notes to provide for some downside protection. Structured notes have sometimes gotten a bad reputation because they may be complex and expensive. However, just because you don’t understand something doesn’t mean you should burn it at the stake. In hindsight, I didn’t need downside protection since the […]

No, You Can’t Contribute Stocks to Your IRA

Photo by: jb Have you ever wondered – “Hey, I have this taxable stock account with my favorite stock (or mutual fund, or bond, or CD, or what-have-you). Can I just transfer the stock over to my IRA as an annual contribution?” In a word, NO. Contributions to IRAs are only allowed in cash. In […]

Paying Off Spouse’s Student Loans Together

[Editors note: If you’re interested in learning about how to invest in great real estate funds with DLP Capital for FREE, there’s an exciting Facebook Live session you’ll want to check out tomorrow, Sept. 21. This year, DLP is inviting White Coat Investors to their Prosperity Legacy Builder Event from Sept. 30-Oct. 1, in St. […]

Sunday links: the lucky ones

Quote of the Day “So many of the people we celebrate today for being geniuses are the result of some combination of hard work, intelligence, luck and survivorship bias.” (Ben Carlson) Chart of the Day Did you know DoorDash ($DASH) is now worth more than Uber ($UBER)? (compoundadvisors.com) Markets Crypto Companies Finance Policy Economy Earlier […]

“The Market Will Never Go Down Again”

Thanks for checking out the podcast this weekend. We hit number 15 on the Investing podcast chart, which is amazing and all thanks to you. Make sure you’re subscribed if you aren’t already and don’t be shy about reviewing the show on Apple, Spotify or Google. It goes a long way. The Compound on YouTube

Saturday links: specific chemical effects

On Saturdays we catch up with the non-finance related items that we didn’t get to earlier in the week. You can check out last week’s edition here. Have a great weekend! Quote of the Day “We’ve been consuming booze for several thousand years and have studied the compound’s specific chemical effects on the liver and […]

Coronavirus links: sick societies

A coronavirus-focused linkfest is still a weekly feature here at Abnormal Returns. Please stay safe and find a vaccination site near you. You can read last week’s edition here. Quote of the Day “The real problem is simply that sick societies have sick institutions. Science is not some cloistered preserve in the clouds, but is […]

Economic Outpatient Care and the Aspiring Millionaire Next Door

[Editors note: If you’re interested in creating more income streams by investing in passive real estate deals, Passive Income, MD has the perfect course for you. WCI readers are invited to join the Passive Real Estate Academy, a course teaching you how to invest confidently in real estate. With registration, you’ll also gain access to […]

Three Things I Think I Think – No, Those are Bad Laws

Lots of bad potential legal proposals this week. Let’s think about thinking about this stuff. 1) Let’s tax buybacks! Here’s a proposal to tax stock buybacks. There has been a never ending chorus about the evils of stock buybacks over the years. I’ll let you read some of my past work (here and here) if […]

Weekend Reading for Financial Planners (Sept 18-19)

Executive Summary Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with an in-depth recap of this week’s proposed tax legislation, and how President Biden’s tax plan is changing as compromises are made to get it passed, including a reduction in the proposed top capital gains tax rate […]

Friday links: paying attention to stocks

Quote of the Day “When the stock market is going up, people pay attention to the index. When the stock market is going down people, pay attention to their stocks.” (Michael Batnick) Chart of the Day Despite an ongoing pandemic, REITs have bounced back. (chart via @ycharts) (wsj.com) Markets Crypto Facebook Companies Finance Economy Earlier […]

Invest In The Single-Family Real Estate Boom Without Being A Landlord

I’m bullish on single-family homes due to rising rents, rising home prices, and declining vacancies. I would buy more single-family homes, however, I’m tapped out because I just bought my third single-family home in 2020. Further, with two young kids, I’m at my energy limit in terms of being a landlord. Therefore, let’s look at […]

Podcast links: living longer

Fridays are all about podcast links here at Abnormal Returns. You can check out last week’s links including a look at the history of Silicon Valley. Invest Like the Best Economy Longevity Off-topic Finance

The Stock Market is Drunk

Welcome to the latest episode of The Compound & Friends, a new podcast from your favorite financial and investing commentators. This week, Michael Batnick, Haley Sacks, Dan Nathan and Downtown Josh Brown discuss: ►“The market will never go down again” ►The stock market is drunk ►Kovid Kids ►Head to Head: UBER vs. HOOD & more […]

What You Need to Know About Annuities

By Dr. James M. Dahle, Emergency Physician, WCI Founder Lots of white coat investors wonder about annuities and whether they should own one, so today I’m going to tell you everything you need to know about annuities. What Is an Annuity? Annuities come in many different flavors. However, all of them are an insurance product […]

Thursday links: no official record

Quote of the Day “In the crypto world, because crypto exchanges are not regulated as exchanges, there is no NBBO and there is no official record of the best price.” (Tomio Geron) Chart of the Day 30-year mortgage rates are content to sit below 3.0%. (chart via Freddie Mac) (housingwire.com) Markets Crypto Startups China Economy […]

Thank you for eight amazing years!

Eight years ago today we launched Ritholtz Wealth Management. Here is what I wrote on my blog on the morning of September 16th, 2013: Our new firm, Ritholtz Wealth Management, goes live today – we are a Registered Investment Advisory (RIA) firm located on Park Avenue in Manhattan. With this launch, we are doubling down on our […]

Longform links: craving entertainment

Thursdays are all about longform links on Abnormal Returns. You can check out last week’s linkfest including a look at the history of the Starbucks Frappuccino. Quote of the Day “In every generation, children have craved whatever entertainment their parents decried and restricted the most.” (Jason Zweig) Book stuff Facebook Social media Autos Longreads

Charitable Giving: DAFs vs CRTs vs Private Family Foundation – Podcast #228

In this episode we discuss charitable giving and dive into donor-advised funds (DAFs) vs. Charitable Remainder Trusts (CRTs) and private family foundations. We break down what each of these are and discuss the merits and drawbacks of each option. We also answer listener questions regarding whether to sell or rent your home when moving to […]

Three Things I Think I Think – Bigly Things Brewing….

Here are some things I think I think. 1) Big Things Brewing. I have some HUGE personal/business news coming down the pipe next week. Tune in next Tuesday for more. Big news on the horizon for our friend @cullenroche! We are excited to partner with his firm via a team effort. Time for some DISCIPLINE […]

Analyzing Biden’s New “American Families Plan” Tax Proposal

Executive Summary After months of anticipation with a ‘two-track’ process of infrastructure and separate tax legislation, Democrats on the House Ways and Means Committee released their tax proposals on September 13… and the measures are very different from what many expected! The legislation touches on a wide range of tax issues, from increasing the top […]

A Broken EMS System Means Lots Of Surprise Bills

What goes through your mind when you hear an ambulance siren? Until last year I used to think help is on the way! Now, the first thoughts that pop in my head are surprise bills and how broken the EMS system is in the US. Why? My perspective on ambulances changed completely when I had […]

Wednesday links: a behavioral lens

Quote of the Day “Every development to an investment process, platform or piece of regulation should be viewed through a behavioural lens.” (Joe Wiggins) Chart of the Day Generac ($GNRC) is a big winner when bad weather strikes. (chart via @ycharts) (nytimes.com) Markets Strategy Crypto Apple Rivian Finance Economy Earlier on Abnormal Returns Mixed media

Personal finance links: a first-world curse

Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at the benefits of investing in your relationships. Quote of the Day “Worrying about money when you have it is a curse. A first-world curse, to be clear, but a curse all the same.” (Michael […]

Norm derails a talk show

Norm MacDonald passed yesterday. He’s one of the few comics who makes me actually laugh out loud every time I see him doing something or hear him on Howard Stern or whatever. Just an absolute genius. And his slow burn jokes are legendary. A lot of people are sharing his SNL clips and the OJ […]

How to Refinance Your Medical Student Loans

By Andrew Dunn, Freelance Writer for Credible, A 2021 Platinum WCI Medical School Scholarship Sponsor If you’re paying down a stack of student loans from your time in medical school, it might make sense to refinance your debt. Refinancing your medical student loans could replace your federal and private loans with a single loan at a lower […]

Tuesday links: the crowded correction crowd

Quote of the Day “Virtual currencies, much like pickup trucks, are marketed for off-road use. But the reality is that the vast majority of users choose to stay on the streets and highways.” (Binyamin Appelbaum) Chart of the Day Despite a lack of volatility, the VIX has ticked higher. (sentimentrader.com) Markets Strategy Crypto Amazon Intuit […]