Sam Tidd

Associate Advisor. I help professional golfers, business owners, & high earners build and preserve wealth. Tweets ≠ Financial Advice

[Sam Tidd @Sam_Tidd]

Check out my latest article: 5 Financial Resolutions to Make for the New Year (and Actually Stick To) https://t.co/thYgBY1unG via @LinkedIn

[Sam Tidd @Sam_Tidd]

Check out my latest article: Everything You Need to Know About Wealth Management Fees https://t.co/0OZ2FiRds3 via @LinkedIn

[Sam Tidd @Sam_Tidd]

@ankurnagpal Yes

[Sam Tidd @Sam_Tidd]

Check out my new article where I dive into the importance of investing in both retirement and brokerage accounts:
https://t.co/nogdCuyPq7

[Sam Tidd @Sam_Tidd]

Read my most recent article on how how to navigate the market in an election year:

https://t.co/aA69QOM5od..

[Sam Tidd @Sam_Tidd]

For those of you who are trying to pick stocks and time the market, don’t forget that the market is forward-looking.

Most of the time, the piece of information that you think will give you an edge is already reflected in the market price.

Just another reason to be a passive investor.

[Sam Tidd @Sam_Tidd]

There is a common misconception out there with the Roth IRA that once you put you money in it, it is locked up until you are 59.5 years old. This is not the case.

You can with draw your principal penalty free before the age of 59.5.

They are also some excpetions where you can withdraw both your principal investment and gains penalty free.

I don’t recommend pulling your money out of your Roth IRA early because it is a long term investment account and it will hurt your compounding interest but, it is nice to know you can pull out your principal penalty-free if you really need to.

[Sam Tidd @Sam_Tidd]

Most professional golfers funnel their income through their own LLC.

It is important to make the most of this with your tax election (Sole proprietor, S Corp, Partnership, etc..).

It is also important to set up a retirement account that fits your situation best (Sep IRA, or Solo 401k)

There are lots of tax advantages you can benefit from as a professional golfer. If you would like our team to show you how we can optimize your taxes, don’t hesitate to reach out.

[Nick Maggiulli @dollarsanddata]

Taking too little risk in your portfolio is like smoking cigarettes, taking too much risk is like doing heroin.

Both will harm you, the only difference is how quickly.

[Sam Tidd @Sam_Tidd]

“Spending money to show people how much money you have is the fastest way to have less money”

-@morganhousel

[Sam Tidd @Sam_Tidd]

“Diversification is the only free lunch in investing”

-Harry Markowitz

[Sam Tidd @Sam_Tidd]

"Don't look for the needle in the haystack. Just buy the haystack!"

-John Bogle

[Thomas Kopelman 💵 @TKopelman]

Avoid advice from people who say:
- you NEED any specific product
- 401(k)'s are a scam
- that you need leverage
- it's a secret the wealthy use

[Sam Tidd @Sam_Tidd]

This chart by Dimensional shows how often small cap, value, and high profitability companies have outperformed.

[Sam Tidd @Sam_Tidd]

Do you donate to Charity?

Donating to charity is not only a great thing to do, but it is also an awesome tax move.

You can use donor advise funds, charitable remainder trusts, bunching strategies, etc… to lower your taxable income.

You can also donate highly appreciated securities to avoid cap gains taxes.

[Sam Tidd @Sam_Tidd]

Value vs. Growth Stocks

Which is better?

This chart shows how value has dominated growth stocks historically.

[Sam Tidd @Sam_Tidd]

Three Common Investing Mistakes:

1. Trying to time the market
2. Focusing On Headlines
3. Chasing Past Performance

[Morgan Housel @morganhousel]

The four most dangerous financial traits are:

- FOMO
- Demanding certainty when none exists
- Impatience
- Gullibility

[Thomas Kopelman 💵 @TKopelman]

People view houses as a great financial investment simply because it's the only investment they don't touch for 30 years

Imagine if you did that with stocks, etf's, etc.

[Sam Tidd @Sam_Tidd]

Time in the market will always beat trying to time the market.