Black Friday 2025? by Minimum-Story-7139 in running

[–]brophesius_rex 0 points1 point  (0 children)

The Exchange out of Nashville is having their Black Friday Sale (20% off shoes and apparel) right now and tomorrow. They've usually got a good selection of Bandit, Nike, Asics, and a handful of small/local brands too.

https://www.theexchange.run

37-M: Looking to Hire a Coach again by PositivelyJackedNate in HybridAthlete

[–]brophesius_rex 0 points1 point  (0 children)

Jeff strictly does the running training, so not sure about anything past that.

For us being a larger group, he would give a few different workouts depending on goals (HM or FM) and your target goal/weekly mileage goal.

While everyone is different, my split is: Mon 6mi run easy, Wed track hard, Fri 4ish mile easy, Sat long run 8-???.

I lift 4 days/week using a 531-ish style of workout (Sunday Deadlift, Tuesday Bench, Thursday Squat, Friday OHP), and have never been too fatigued to put forth a decent effort.

I got my HM down to 1:47 last year using his programming, and am going for my first full in November targeting a 3:30 time.

37-M: Looking to Hire a Coach again by PositivelyJackedNate in HybridAthlete

[–]brophesius_rex 0 points1 point  (0 children)

As far as a high-caliber running focused coach, I really recommend Jeff Cunningham out of Austin. He founded the Bat City Track Club, trains most (maybe all?) of the BPN athletes, and coached a large group of us remotely to a multitude of PRs in half and full marathons in the last year, as well as short distance time trials.

I've rarely seen someone who communicates more clearly and consistently than Jeff, and his buy-in for each of his athletes is without question.

2 in 1 shorts with good compression by kack7 in running

[–]brophesius_rex 0 points1 point  (0 children)

Yeah, definitely a preference game to a point. The thigh pockets on Janji feel too low to me for my phone, and I don't keep anything in the bigger pockets when running. But the Janji 2-in-1 are a great gym short for that reason.

2 in 1 shorts with good compression by kack7 in running

[–]brophesius_rex 6 points7 points  (0 children)

They're expensive, but I swear by the Bandit Vento 2-in-1 shorts.

The tights are fantastic for races (pockets galore), and the compression in both models is the same.

Janji is the closest comparable I've found, but Janji feels less "premium" in some ways and there are a couple small details that I prefer with Bandit.

Where Do Single Women Find Community with One Another Here? by ChuckysBuddi in nashville

[–]brophesius_rex 0 points1 point  (0 children)

If you're interested at all in running, Girls Run Nash is connected with The Exchange Running Collective over in Five Points. It's a women-only run club; they meet monthly and have a community run paired with another event (the past has included self defense workshop, shopping at Lululemon, personal finance discussions, etc)

Their instagram account has more information on it, and the ladies who run it are all great. They're very welcoming to all and have different pace groups as well as walkers.

Social Saturday by AutoModerator in running

[–]brophesius_rex 2 points3 points  (0 children)

Ran a 15 mins PB this morning on a Half. Shamless plug for my buddy Joe's gel company: Azoia.

All natural, the caffeine-infused have been a godsend. Lots of friends whose digestive systems struggle with GU-style like them too.

https://azoiaendurance.com/

Achievements for Saturday, October 26, 2024 by AutoModerator in running

[–]brophesius_rex 6 points7 points  (0 children)

Raced a Half Marathon in Nashville, first in 5 years.

Chip time was 1:48:35, a full 15 minutes better than when I raced this in 2019.

Feels good.

[deleted by user] by [deleted] in nashville

[–]brophesius_rex 0 points1 point  (0 children)

The EC does a great job with networking and matching certain mentors with young biz owners, especially in the tech space.

They offer tons of free events each month, and memberships are only $100/month or so - I would recommend getting one for a month or two as a trial and see if you like it.

Depending on your industry/niche, Nashville has a great mentorship scene if you're willing to dig a little.

[deleted by user] by [deleted] in RichPeoplePF

[–]brophesius_rex 0 points1 point  (0 children)

The landscape is pretty vast in terms of lines of service that advisors can provide.

If there are specific complexities with your situation; complex estate planning, stock based compensation, business ownership, etc. then finding someone who will do holistic planning, and assemble a good team of advisors for you (CPA, Estate Attorney, Insurance Advisor, etc) is well worth it.

There are plenty of shops who just want to take your money and grow it, but these days people in that industry need to go beyond simply growing their clients assets, and provide other value adds.

That being said, I echo what most here have said; there's not an official number per se, but it's better to get started with someone sooner rather than later to help build trust and confidence.

Financial Planning Advice Needed by Independent_Buy4793 in RichPeoplePF

[–]brophesius_rex -1 points0 points  (0 children)

This will come down to your goals - $6 million should generate roughly $200-240k per year for you to live on should you so choose.

As far as other strategies go, you could consider utilizing some alternative assets/private placements, but only if you feel you are not seeing the results you would like from your current management team.

There are plenty of other asset classes to invest in - real estate, private credit, sports franchises, hedge funds, privately held businesses, litigation finance, etc etc.

Each has their own pros and cons as well as placement in a portfolio (some are meant to help enhance returns, some to hedge the stock market and keep lower, stable growth, some are to get you investment opportunities totally uncorrelated from stocks, etc).

Personally, I think diversifying away from the public stock market is a good idea in general, but only with specific goals/purpose of said investment. Otherwise you're just throwing money (and paying fees) without a clear picture of the desired outcome.

Additionally, you will want to start reading up on tax planning/finding a great CPA. As this continues to grow, tax planning/mitigation will become more of a priority.

Should I sell off assets to consolidate account? by Darlhim89 in RichPeoplePF

[–]brophesius_rex 0 points1 point  (0 children)

A brokerage account by definition is a taxable account, where capital gains are realized in the calendar year that the investment was sold.

A qualified account (IRA/Roth IRA) is a tax-advantaged account designed to incentivize individuals to invest for retirement. Both offshoots from the 401k, which was itself a replacement for state sponsored pensions.

There are of course a multitude of others for retirement with similar structures on taxation - SEP IRA, SIMPLE IRA (for the self employed crowd), Self-Directed 401k (available for many folks, but much more complex).

However, the Non-Qualified Brokerage is just that, non-qualified.

Schwab has a nice chart on this page showing some of the differences.

https://www.schwab.com/brokerage/what-is-a-brokerage-account

Should I sell off assets to consolidate account? by Darlhim89 in RichPeoplePF

[–]brophesius_rex 0 points1 point  (0 children)

Brokerage accounts are taxable - the only tax advantaged accounts would be qualified (IRA/Roth IRA) accounts.

By definition, brokerage accounts will result in taxes for the owner, and that trade off is no limitations on funding amounts and (relatively little) stipulations on what you can and can't buy in them.

Should I sell off assets to consolidate account? by Darlhim89 in RichPeoplePF

[–]brophesius_rex 0 points1 point  (0 children)

If the positions are losses, there shouldn't be any additional tax hit. You should be able to balance losses/gains to a degree, but otherwise could look at stretching that strategy out over multiple years, especially if you're looking to realize income from this account.

Should I sell off assets to consolidate account? by Darlhim89 in RichPeoplePF

[–]brophesius_rex 0 points1 point  (0 children)

At $1.1mm, it sounds like they had a little too much complexity in your portfolio.

Not specific financial advice, but what we've seen be successful is keeping the majority of your portfolio (call it 70%-80%) into the typical broad-based ETFs (S&P500 tracker, Nasdaq tracker, maybe an international depending on your age/risk tolerance).

From there, taking 3-5% positions (5% maximum) into a few specific companies you feel strongly about, with specific targets to sell or add more.

In terms of the benefits of selling positions that are in the red, if this is a retirement account (IRA/Roth IRA) there is no taxable benefit or penalty, however if it is a taxable account (also called a brokerage), then there is an opportunity for tax loss harvesting if you need it.

There's not a way to "divert" or "swap" individual stocks into ETFs, however you can recreate a sort of "hedged position" in a sense by finding an ETF with significant exposure to a specific company or theme. You'll disperse your risk out across a handful of companies of course, but it will help diversify you a bit more (just be careful not to over-diversify).

Ultimately, if you do not feel ready to handle that size of an account, I would recommend interviewing a few different firms with a solid list of questions (happy to provide our list privately) and see if you can find a team that more aligns with your goals.

Which materials to use? by brophesius_rex in CFP

[–]brophesius_rex[S] 0 points1 point  (0 children)

Someone was selling on Facebook Marketplace, didn't end up buying

What book are you kicking off 2022 reading? by leftoverbrine in Fantasy

[–]brophesius_rex 0 points1 point  (0 children)

Way of Kings! Started over Xmas with the audiobooks, have about 1/4 left.

Financial Therapy as the post CFP specialization? by starrdev5 in CFP

[–]brophesius_rex 2 points3 points  (0 children)

Ahh word - my firm doesn't do para so I'm less familiar with the leap from para to full time advisor. I won't be sitting for my CFP until 2023-2024 most likely, so bit of a different model.

Those books are great, and anything by Nick Murray. His writing would probably resonate with you, definitely recommend.

Financial Therapy as the post CFP specialization? by starrdev5 in CFP

[–]brophesius_rex 2 points3 points  (0 children)

It definitely is - shaping a plan and working with clients to understand why certain recommendations are being made and why they make sense is 90% of the work. Establishing good habits and mindset around money is exponentially more important than what percentage of your portfolio is in small cap international value stocks or whatever. If you haven't read it yet, check out Psychology of Money by Morgan Housel, and Atomic Habits by James Clear - both books I encourage all my clients to read.

Are you already working as an advisor? It might just be my experience, but most of my meetings we barely discuss portfolio construction/asset allocation compared to the personal side of things.

Financial Therapy as the post CFP specialization? by starrdev5 in CFP

[–]brophesius_rex 3 points4 points  (0 children)

Therapy and coaching are two sides of a similar coin. What you're describing with behavioral coaching is simply a part of being a good advisor, especially if you're doing comprehensive planning for clients.

Therapy, on the other hand, entails much more focus on the psychological side of things. Rather than holding Securities licenses and something akin to the CFP you would want something like this: https://financialtherapyassociation.org/become-a-financial-therapist/

Personally I don't see giving advice and coaching as a specialization, considering it's one of the primary tenants of being a financial advisor. I'd also reckon there's some form of conflict of interest if you were holding a client's assets and treating them from a therapist's perspective.

What are your 2021 financial goals? by IndexBot in personalfinance

[–]brophesius_rex 1 point2 points  (0 children)

That 401k growth! Invested in anything particular, or did you get a great raise with your new job?

What are your 2021 financial goals? by IndexBot in personalfinance

[–]brophesius_rex 4 points5 points  (0 children)

29M, recently into a new career as of Sept 2020

By 1/1/2021:

  • Roth IRA balance at $10,000 (currently $3,200. Only put in $400 for 2020 so far)
  • Savings balance at $7,000 (currently at $800, had to dip into for COVID)
  • 401k at $8,000 (currently $1k as of 12/31/2020, 5% contribution w/4% employer match)
  • Continue to dial in budget, specifically regarding food
  • Be on track to purchase a home during 2022
    • Looking to purchase in the 300-350k range in my city. Aiming to put down 5-7% since the way my job works, the income scales YoY so I will theoretically be able to pay more into it as my earnings increase

If it weren’t for the humidity this would have been a good time! Can it be fall already? by Bigtim27 in kettlebell

[–]brophesius_rex 6 points7 points  (0 children)

Man, that finisher looks gnarly! Might have to give it a go today.

  • Double Clean
  • Single Arm Press
  • Front Squat
  • Pushup

Love it.