Mark Meredith, CFP®️
@MarkTMeredith
Followers
1,821
Following
270
Media
460
Statuses
2,803
Founder of Meredith Wealth Planning, a flat-fee registered investment advisor located in Southwestern Illinois. Tweets are not advice.
Maryville, IL
Joined March 2012
Don't wanna be here?
Send us removal request.
Explore trending content on Musk Viewer
#MetaCensorship
• 464108 Tweets
La OEA
• 461977 Tweets
NABJ
• 458705 Tweets
Petro
• 280820 Tweets
Perú
• 262489 Tweets
Léon Marchand
• 216695 Tweets
Flamengo
• 155566 Tweets
Colombia y Brasil
• 115870 Tweets
Brasil y México
• 105079 Tweets
Vybz Kartel
• 100503 Tweets
Rachel Scott
• 76140 Tweets
Bungie
• 68370 Tweets
Indian American
• 61101 Tweets
Jamaican
• 52721 Tweets
Katie Ledecky
• 43971 Tweets
South Sudan
• 43892 Tweets
対象2作品
• 41676 Tweets
Howard
• 39777 Tweets
千ちゃん
• 31199 Tweets
Rony
• 14792 Tweets
World Boss
• 12730 Tweets
#WhenITurnedBlack
• 11877 Tweets
HBCU
• 11445 Tweets
Pinned Tweet
Investing wisely is not a problem that needs to be solved, but a discipline that needs to be practiced.
4
3
30
My wife and I lived lean and delayed starting a family to pay off student loans.
I didn’t apply for PPP because I didn’t need it.
I am an idiot.
144
71
2K
“No one wants to work anymore.”
-55 year old retiree/six-figure state pension recipient with 3% annual COLA with a 30+ year projected retirement
18
22
720
Over the 20 year period ending 12/23, 96.83% of all active US funds failed to beat their benchmarks on a risk adjusted basis.
That is insane.
36
64
382
$AAPL is now worth more than every car company in the world despite doing 0.00% of annual auto sales. Incredible!
13
22
356
Musk has two financial advisors. One is a strict Mormon, man of faith. The other is a Russian professional poker player who dropped out of college because he liked smoking the reefer.
59
117
330
Another day, another $100k IRA with 28 actively managed mutual funds. 🤢
69
8
299
Cathie Wood tells investors to expect 40% returns. Totally cool.
You tell a client to leave an honest Google review of your RIA. Prison time.
"Our 5-year compound annual rate of return expectation has gone from 15% at the peak in March to nearly 40% today," says
@ARKInvest
's
@CathieDWood
. "I know the most seasoned inventors are saying our tocks have been in bubble-like territory. We couldn't disagree more."
55
36
187
15
19
289
You've taken a 17% withdrawal rate this year, but sure let's discuss why international is underperforming.
12
12
241
I'd like a niche client base, where everyone knows how to login to their portal, has a password management tool, and can complete a Docusign.
22
8
232
Roth conversion at TD Ameritrade = 9 business days
Roth conversion at Schwab = 9 seconds
24
4
190
“My financial advisor is a Vice President..”
This phrase is usually said with pride, confidence, and complete ignorance to the irrelevance of that title.
21
3
178
How a family of 5 in Southern Illinois can quickly spend nearly $100k a year with no debt, no vacations, and no entertainment expenses, while having a great deal on childcare.
80
6
143
How Kevin Mccalister’s dad was able to afford that nice house, and why rival gangster Joe Pesci wanted to burglarize it.
3
11
140
C: “Put Johnny as my beneficiary”
A: “You have 3 kids are you sure you only want to name Johnny?”
C: “He will take care of dividing everything evenly, I trust him”
A: “…..how about we just name all 3 kids”
24
2
141
If the Fed does an emergency rate hike tomorrow I will do one push up for every point the Dow changes. Video to be posted here.
7
4
130
The S&P 500 had a Sharpe ratio of -0.15 from 2000-2009 and 1.04 from 2010-2019.
5
6
127
How it started….how it’s going. Happy 5th to our miracle.
4
0
115
My flat-fee solo RIA recently turned two years old. I have a few thoughts/memories to share....1/
16
8
111
Bond returns are somewhat predictable, equity returns not so much.
9
12
104
They said the cowboy ribeye feeds two, hilarious.
12
1
97
It’s so cold out today I saw one of the IUL TikTok salespeople with their hands in their OWN pockets.
14
8
97
Illinois pension funding data as of 2017 from the Federal Reserve website.
14
11
94
Got a sign and painted the building a new color.
16
0
94
It seems dirty that you can place proprietary mutual funds in a taxable account that cannot be transferred to any other brokerage firm.
You're either stuck, or you liquidate and pay taxes.🚨
20
1
90
Wealthfront really stuck it to the man by selling to UBS. That’ll show em.
11
2
85
Should we require a doctor to have had cancer to treat a patient for cancer?
UNPOPULAR OPINION:
BEFORE you pay for wealth advice, make sure that person has first created wealth themselves .
BEFORE someone advises you on a Real Estate transaction, make sure they bought and sold Real Estate for themselves.
BEFORE someone sells you an insurance
11
3
30
46
4
85
Anytime a client voices a market or economic prediction, we don’t act on it but I document it with a tag of
#clientprediction
in the CRM. It comes in handy to revisit with them.
13
2
77
8 of the 14 worst 10 year rolling periods for the fama/french value premium have come since 2002. Is it different this time?
3
16
75
DFA Small Cap Value live results:
03/1993 - 12/1999 = 14.30%
01/2000 - 12/2009 = 9.13%
01/2010 - 12/2019 = 10.68%
01/2020 - 05/02/2022 = 13.40%
Pretty incredible that price to book is dead, and value investing doesn't work.
9
2
71
Cathie Wood still seems to be endlessly quoted in financial media, despite Morningstar ranking her fund as the number 1 wealth destroyer over the last 10 years.
Incredible times.
13
7
69
Vanguard puts 10% of the 2060 Target Retirement fund in bonds.
Bonds have lower expected returns and higher expected tax rates than equities (for the taxable investor), and when the world implodes one day you won't feel better being down 47% instead of 51%.
31
0
68
“Younger clients want a life coach”
-People who haven’t been in a client meeting in 10 years
8
0
68
How Kevin Mccalister’s dad was able to afford that nice house, and why rival gangster Joe Pesci wanted to burglarize it.
3
11
140
2
0
62
Interesting tax data in the WSJ today. It would seem the progressive tax system is working as intended.
2
8
61
My wife is a 34 year old white woman and has yet to be involved in a multi level marketing system.
#proud
11
1
55
The year is 2027 and Curtis Ray has a fee only RIA with a blog titled “The Reformed IUL Agent”.
CC:
@honest_math
@mbontrager5
8
1
56
From the first full month of trading (10/2019) through yesterday, Avantis' first US equity ETFs have harvested excess returns. This happened during a period where size and value factors were negative.
6
4
54
Some people ask me what it's like to start an RIA. My first day people already were sending me letters congratulating me.
10
0
53
We welcomed our 4th child to the world Monday who nearly arrived in the car, but she is now home and very healthy. She balances out the family now with 2 boys and 2 girls.
“Children are a heritage from the Lord, the fruit of the womb is a reward”
Psalm 127:3
13
1
50
Our third child, Bodie Meredith, made his arrival Wednesday night. We are very blessed.
5
0
50
I was told if I didn’t recommend cryptocurrency to clients I was violating my fiduciary duty.
2) "Moreover, because custodially held crypto assets may be considered to be the property of a bankruptcy estate, in the event of a bankruptcy, the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings...
37
171
1K
5
3
45
Hey I’m a flat fee guy, but if you make $665k a year and are struggling to pay the bills, an AUM fee advisor is not the root of your problems.
8
0
46
The recap of 2023 I sent to clients on the 8th closed with the 3 points listed below, that I always try to reinforce.
Since then, 5 clients have asked me what I think the market will do this year.
Good investment advice can sound very repetitive. It needs to be.
4
2
45
I can confirm
@MichaelKitces
indeed takes vacation time, just ran into him at the resort pool, blue shirt and all.
2
2
45
I think the middle column is when Twitter declared value investing dead for good.
8
3
45
I can appreciate all of the “ex-china” EM funds rolling out, but someone should have thought of that BEFORE China earned closer to 0% for 30+ years.
8
2
41
Risk questionnaire: “what would you do if your portfolio falls 30%?” BTFD duh
Real life: Your portfolio is down 30%, companies are filing bankruptcy left and right, you may lose your job, pundits say it’s going to get worse, and there’s a new super virus spreading. WWYD?
Risk tolerance is fake.
It’s a made up thing the financial industry uses to “build” an investment portfolio.
All you need to do is understand your time horizon and match your investment assets to this.
If you are unsure how to do it, hire a financial advisor.
But don’t
54
2
95
5
1
41
I know there are some skeptics as to whether factor investing works in real world. Over the 20 year period ending 06/2022, 17% of US equity funds survived and outperformed their benchmarks. 88% of DFA US equity funds did so.
3
3
40
Some alternative investments have their merits, but too small an allocation doesn't help much and too large an allocation is unlikely to be held onto for most.
Nick Murray's opinion is that "alternative investments seek to solve a problem that doesn't really exist".
Thoughts?
21
0
41
@RampCapitalLLC
Largest 401k providers and their headquarters (none are on Wall Street)
1. Fidelity - Boston
2. Vanguard - Valley Forge
3. T Rowe Price - Baltimore
4. Principal - Des Moines
5. Empower - Greenwood Village
1
0
37
In many cases a Roth IRA conversion does not payoff until much later in life.
Most of the benefit shown here is from one spouse expected to survive the other by 8 years and being exposed to single filer rates as the survivor with large pretax balances.
8
1
39
The problem with Nick Murray’s advice is that I didn’t find it until year 10 of my career.
10
0
38
Having more than one financial planner is a pretty bad idea for almost everyone.
10
0
38
Our daughter has to work harder than many 4 year olds but she maintains a great attitude throughout it all. She has a very bright future ahead.
4
0
38
Advice only planning can be a great service to many people, but also a great disservice to many people.
7
0
38
I’d wager there’s still a 50-50 chance that $10k in student loans does not get forgiven.
8
0
36
Is it too early for a victory lap on global equity diversification?
4
2
37
I have decided to abandon DFA/Avantis factor strategies and go all in on Alts. The new aggressive allocation is:
20% Naked Puts
20% High Vol Trend
20% Private Credit
20% Crypto
20% Variance Risk Premium
-50% Cash
50% IULs
#AprilFoolDay
10
1
37
What's the difference between a TikTok financial advisor and a catfish? One is a slimy, cold-blooded, bottom feeder, and the other is a type of fish.
3
1
35
Determined I need to average 10 tweets a day between now and New Year’s, including 5 threads about HSAs, to make Investopedia’s top advisor list.
11
0
35
@avantisinvestor
launched 5 equity ETFs in September of 2019. Here is how each of those has performed against its benchmark since inception through 10/31/2023 (using market price performance):
1/3
2
1
34
I like days like today, because this is my portfolio.
16
0
33
So many DIY investors have told me their spouse has directions to call me to handle things if they should pass away.
Seems odd “hey call this complete stranger when I die to handle your money”.
Anyway, If all those people died we’d probably have more AUM than Blackrock.
11
0
33
When I tell clients inflation has been coming down, they respond saying costs aren’t dropping.
Inflation coming down means costs are still increasing, yet at a slower rate.
5
2
32
Since Avantis launched their Large Cap Value ETF (AVLV) in 09/2021, the profitability premium has been much larger than the value premium. Yet, $AVLV has outperformed DFA's High Profitability Fund (DURPX) handily.
3
0
32
In 2010/2011 I made $18k my first year as a financial advisor. Year two I made $23k and in between companies I worked in a horseradish field for 4 weeks. Good times.
Marketer here. Made 30K in first role. Lived in a tiny apt where nothing worked shared w/friend met online who was also broke at the time. One of most fun times of my life tbh. You don't make 200K at your first gig. That's fine. Money will come, kids...
893
308
8K
2
0
31
Update on my personal investment allocation, pretty heavy cash position at the moment.
9
0
31
My Tech:
@advyzon
(highly recommend)
ByAllAccounts
Wealthbox
G Suite
Backupify
Boxcryptor
IREBAL
RightCapital
RingCentral
8
0
30
I would have paid for this, but I’m glad it’s free. Incredible work.
Our initial publication on this topic is now live: 84 pages of assumptions and detailed cash flow analysis using historical stock and bond returns is available for download on our website:
15
20
115
3
1
30
The Nasdaq reached a peak PE ratio of 175 in March of 2000. Had you bought $QQQ on 03/01/2000 and held through 10/31/2021, you still would have earned 6.81% annually...
After the 81% drawdown and being underwater on your initial investment nearly 14 years.
1
5
31
I do believe in flat advisory fees not tied to AUM, but I know some great advisors using the AUM model. We’re still friends. Crazy, I know.
6
1
30
Sometimes Roth IRA conversions do not show their benefits until much later in life, or even possibly until the next generation inherits the assets. This is an important consideration.
5
2
30
One reason I prefer Avantis is that they do not give preference to profitability or valuation, but treat both equally.
2
1
29
$MTUM gets a lot of hate. Since inception it has outperformed the academic long only momentum portfolio.
Perhaps their early rebalances were lucky and more recent ones were unlucky. Maybe it all evens out over time.
5
0
30
Was there a lot of harm done here in terms of missed returns? Before taxes and advisory fees it doesn't appear so, but it's just quite silly:
16
0
30
If you have 3 kids under the age of 8, and 3 more are coming to stay at your house the next 3 days plus their parents, then there is no point to clean your house before they get here. I can't convince my wife of this.
4
0
28
Exact same inputs and assumptions, different software providers.
9
1
28
From 1964 - 2019 the FF value premium was negative in 22 calendar years (including 5 of the last 6 years) with an average return of -9.69%. In those 22 years, the momentum premium was positive 19 times with an average premium of 9.79%.
3
4
27