Scott Putnam - Advisor

Finance Professional / Manager for one of the largest firms in the 🇺🇸.

Bitcoin Miner on the side for fun.

Absolutely financial advice.

Pseudonym.

[Scott Putnam - Advisor @BitcoinMiningWA]

I find myself on X less and less.

Feels less and less relevant by the day.

[Scott Putnam - Advisor @BitcoinMiningWA]

Got three AMEX cards this year. Great program. I have arrived.

[Scott Putnam - Advisor @BitcoinMiningWA]

@reichert4gov @GovInslee Unconstitutional. Our State Constitution forbids this. Will be overturned.

[TheHappyHawaiian @ThHappyHawaiian]

Realtor fees get cut in half

Now investors see an IRR 2% higher than previous on every property

Prices rise to account for lower expenses because there is no free lunch in finance, rates of return will normalize via higher prices pushing yields back down

Current owners win

[Scott Putnam - Advisor @BitcoinMiningWA]

@ArtCandee @GOPoversight Lol. Comment addresses zero facts. You're a joke.

[Scott Putnam - Advisor @BitcoinMiningWA]

Broad stock market and its bloated broad indexes are in danger just like the nifty 50 were decades ago.

Get more concentrated and mix in active strategies.

Drop the bottom 250 off the 500 for example.

Look to small caps over the next 7 years.

[Scott Putnam - Advisor @BitcoinMiningWA]

@Buffa_Cuse That's a good index. I own it. I don't own any 500 based index. Garbage at the bottom even if it is cap weighted.

[Scott Putnam - Advisor @BitcoinMiningWA]

Made a lot of trades for clients (and in my own accounts) out of broad total market ETFs in favor of more focused funds and tilting more towards value. Decrease in rates will favor quality to rise with breadth also normalizing.

Don't buy the S&P 500. Buy the top 250 or less.

[Scott Putnam - Advisor @BitcoinMiningWA]

@MoneyJrod And diversify elsewhere.

[Scott Putnam - Advisor @BitcoinMiningWA]

@MoneyJrod Well index investing has its own risks and cons as well. But it certainly isn't terrible.

With that said. It's actually very easy and statistically backed to beat a large cap index like the 500.

Especially when you have to own the bottom 250.

Better to own the top 250...

[Scott Putnam - Advisor @BitcoinMiningWA]

@MoneyJrod I mean I don't even know what is meant by above average or below average. Average comparatively? Relatively? Relative to an index? Which index? Why? Should that even be compared.

And so on.

[Scott Putnam - Advisor @BitcoinMiningWA]

@MoneyJrod Depends on what "above average returns" are.

[Scott Putnam - Advisor @BitcoinMiningWA]

@Budgetdog_ I completely disagree on the killers...(except one)

They are actually:

-Mistakes (numerous fallacies)
-Knee jerk market timing
-Taxes including estate taxes

[Scott Putnam - Advisor @BitcoinMiningWA]

@DividendBreeder Never paid for it. Never will.

[Scott Putnam - Advisor @BitcoinMiningWA]

@WealthCoachMak Add: save 10+% for taxes. IRS will come knocking for theirs on option income.

[Scott Putnam - Advisor @BitcoinMiningWA]

@komonews Life in prison. Bye.

[Scott Putnam - Advisor @BitcoinMiningWA]

@acolner Anything that isn't a bloated broad fund where you're buying the bottom of the market.

Something like OEF although that isn't what is recommend.

[Scott Putnam - Advisor @BitcoinMiningWA]

@Stoy_Hall Mmmmm. Just not enough to move the needle for me.

20% pass through. OK. 24% doesn't start until 178k+ and deductions plus mentioned QBI lower effective rate.

Again. 250k+ income, maybe. 500k. Probably more likely.

I'll stand by it's more cons than pros unless income is there.