SECURE removed the prohibition on Contributions to a traditional IRA in the year an individual turned age 70 ½ and beyond. Starting in 2020, such contributions are no longer prohibited.
Tax & Wealth Planning Strategies in times of turmoil
The best time to raise capital is when you can point to momentum… either a recent or impending inflection point that KPIs all seem to support.
Global Bonds are clearly in a bubble. It has been said that a bubble cannot be a bubble unless there is greed and speculation. How could that be the case in the Government bond market? Below is the graph of the TLT ETF, which tracks the price of the 20 YR Treasury bond Index. Note the comparison in the rate of change to that which happened in the real crisis of 2008-09. Generally speaking markets accelerate near the beginning and the end of a major move. This is clearly not the beginning. Even in 2008-09 it is hard to argue that the parabolic move was predictive of the economic situation. This is because the move did not really begin until November of 2008. Two years after
A few interesting historical contexts of market corrections/bears….. The header graphic shows the extreme level of capitulation that the markets have expressed through this week. This shows the percentage of stocks above their 200 day moving average. It is nearly as low as the GFC bottom and below all others. There is nothing magic about the number, but when put into historical context shows how this market action compares to previous extremes. As of Tuesday Dec 26, the current market correction is the 5th fastest this century to a 20% correction, widely considered the threshold for a “Bear Market”. Higher speed corrections are generally correlated with meaningful but shorter duration bear markets, while slower drawdowns have generally been associated with more durable weak economic periods
Takeaways from the Intellectus Partners Investment Committee for the week ending Nov 2,2018: At this meeting our mission was to attempt to take a hard look at whether or not we are entering the “End of Cycle” period for the economy and thus the Bull Market that begin in 2013. The Intellectus very bullish call in the Fall of 2016 positioned us well for the run that followed. To see a meaningful correction post a move like that is not surprising. Our Investments & Allocations have had excellent success since our launch three years ago we and want to make sure that we continue to be prudent in protecting all of the profits we have created. Our opinion is that, while there are certainly stresses
We thought that you would find this "white paper" from our long time partners at Polen Capital very interesting. At Intellectus, we need to manage risk on a daily basis. Risk can mean different things to different people. It comes in different forms and most people react to it very differently. A common perception is that diversification, is the primary and only means of reducing risk. In fact, there is an old Investor adage that says, "You make money through concentration, you keep it via diversification". That is generally true. But like most "adages" there is some truth to it but certainly not a complete understanding of risk. We are very proud to have been an early supporter of the
As you have seen us do in the past, from time to time, we invite selected experts in areas relevant to our clients and readers to pen guest posts. We are pleased to have a close friend of the firm, Mr. Trevor Mottl, who has deep expertise in Financial Markets, Derivatives, "Alt Data" in Investment Management and Cryptocurrencies, provide his thoughts on one way to consider Bitcoin as a store of value. Trevor has held leadership roles at the top of Finance and Investment management that include the uber successful hedge fund Balyasny and the leading investment banks Goldman Sachs and Susquehanna, to name a few. Bitcoin has advantages over gold, and actual currencies as a store of value. If you believe that society
Most clients have seen press reports about current tax proposals in Congress that promise significant changes to the taxation of individuals and businesses. H.R. 1, titled the “Tax Cuts and Jobs Act,” was introduced to Congress on November 2nd and is in the early stages of its legislative journey through the House of Representatives and the Senate. Prospects for the adoption of all, some or any of its current components is unclear at this point. One of the elements of H.R. 1 in its current form is a future repeal of the Federal estate tax. Specifically, the following changes would be made to the estate and gift tax system in the U.S. as it currently stands: • Beginning January 1, 2018, the amount which
The leading behavioral investment mistake By Thomas Oberlechner, Chief Science Officer, TheHintBox!,Inc, a related company Biography: Thomas Oberlechner, Ph.D. Dr. Oberlechner is Chief Scientist at TheHintBox!,Inc, a related company to Intellectus Partners. He is also founder and partner of FinPsy LLC, a San Francisco based behavioral consultancy. He helps decision-makers in finance and investment integrate state-of-the art behavioral expertise into their decisions, products, and organizations. Dr. Oberlechner is a leading expert on behavioral and psychological aspects of financial decisionmaking. While previously Chief Science Officer at iMatchative, he developed decision support systems for investors and hedge fund managers that add novel behavioral dimensions to the financial hedge fund data traditionally available. These systems provide investors and fund managers with deep insight into behavioral preferences,
What are the possible outcomes from the expected and stated tax policies of the new Trump administration? Pragmatism v. Idealogy: What are the likely economic impacts? Two years without gridlock? Given that the deck is now stacked for conservatives in that they control the White House, House of representatives and the Senate ...and likely soon the Supreme Court, expect a whirlwind first two years. Here are some of our thoughts with assists from a few of our sell side coverage friends at some of the big banks. The simple logic as to what has changed: In the past Obama regime, we've had sub par growth but the FED was still raising rates. The consensus was that there was indeed some room for Chair Yellen to raise
The intellectus Partners Chief Economist Ben Emons on Bloomberg TV, discusses the global economy, the timing of the next Fed rate hike and the possibility of the global economy stalling in the coming months. He speaks to Bloomberg's Ramy Inocencio and Yvonne Man on "Daybreak Asia." (Source: Bloomberg) http://www.bloomberg.com/news/videos/2016-10-06/could-the-global-economy-stall-in-coming-months
A startup’s founder may need help on a business plan and a pitch for funding, as well as on a financial plan http://www.wsj.com/articles/ambition-euphoria-and-fear-entrepreneurial-clients-and-how-to-help-them-1458590477