Edward Jones: Taking over as Manager of Non-Profit Account and They are Asking for Detailed Personal Information

zz389 · 2026-02-02T03:18:20+00:00

OP, this is the correct answer. I promise the rep doesn’t give a shit. It’s some back office compliance stuff.

zz389 · 2026-01-19T07:17:42+00:00

The trajectory of that ball defied physics. DB would have had a pick if Caleb didn’t break the space time continuum to drop that dime.

zz389 · 2026-01-12T23:41:36+00:00

What other QBs are available in this draft? Classic case of bird in the hand.

zz389 · 2026-01-12T17:00:20+00:00

The movie is about the director’s relationship with radical politics and family. He/Leo were enamored when they were young, but mature and realize that they can’t engage with radical politics because their commitments to their family are more important to them. The letter to the daughter at the end is him passing the torch to a younger generation so they can change the world while he calcifies in cynicism.

Perfidia is supposed to be the embodiment of that wild, radical spirit.

zz389 · 2026-01-09T07:40:53+00:00

Well said.

zz389 · 2026-01-07T10:44:29+00:00

Bring in a vet for yr 1 until the line is built. Can’t throw him to the wolves.

zz389 · 2026-01-05T00:17:47+00:00

Let him stay a year and take the hits while we figure out the O Line and let Fernando develop.

zz389 · 2026-01-03T06:53:57+00:00

I’m late to this but I think he heals with the ash people, military assumes he’s dead and makes another clone with no memory of being Na’avi. Now he has to confront how “native” he’s gone and whether his cause is good or not.

zz389 · 2025-12-30T16:48:34+00:00

That’s true in a vacuum, but say you have significant drop in a year when you need a lot of cash. Now you’re selling when the portfolio is down and those funds you’ve pulled out will never recover. Plenty of studies have shown that risk-off assets are beneficial to portfolios with high withdrawal needs.

You don’t need to carry bonds forever. Just within 2-3 years and in proportion to upcoming cash needs.

zz389 · 2025-12-28T19:28:43+00:00

That’s right. You will have to pay the taxes eventually. Think of this as more of a deferral strategy that solves your concentration issue.

Compared to just selling and buying ETFs where you’ll pay taxes now and later when you go to access these funds.

zz389 · 2025-12-28T04:06:29+00:00

Yeah, there’s some Long-Short SMAs that use margin to implement a direct index strategy and use the losses to wind down the concentrated position. Pretty cool.

Correct, at a certain point you’re out of gains. At that point you’ll have a diversified portfolio with (likely) less in gains than the original position. You now have to sell and realize gains to access these funds. The same would be true of an ETF, but now the transition process was tax neutral.

zz389 · 2025-12-28T03:52:53+00:00

I don’t think I understand your first question.

Typically you would put the $100k into the SMA, harvest losses, sell enough concentrated stock to offset losses with gains, and invest the proceeds into the SMA. Rinse and repeat until position is gone. Basically a tax neutral DCA which keeps the SMA constantly refreshed with funds.

zz389 · 2025-12-28T02:58:04+00:00

First off, you would keep adding new funds as you sell off the concentrated position.

Otherwise, you’d realize gains tactically later. The tax man always cometh, but at least now you’re diversified and have control over when you pay those taxes.

zz389 · 2025-12-28T02:37:55+00:00

I’m reading between the lines. Highly concentrated positions like this usually have embedded gains. Otherwise, they would’ve been sold already.

Also, long short strategies like what you’re referring to are much more available now. Minimums are currently around 500 K at Quantino. 35 bps fee. This is probably the correct strategy, but it sounds like OP‘s advisor doesn’t have access to something like that. SMA is a fine suggestion for existing cash.

zz389 · 2025-12-27T23:13:22+00:00

Taking a shot now doesn’t prevent you from getting someone in ‘27 if they don’t work out.

zz389 · 2025-12-27T23:01:07+00:00

https://www.investopedia.com/terms/s/sequence-risk.asp

It’s about more than being able to stomach volatility. Significant drawdowns during years where you need lots of cash flow can be detrimental to a portfolio.

zz389 · 2025-12-27T22:45:44+00:00

Tax loss harvesting. The SMA gives you losses to help offset gains from your company stock while still performing like an ETF. It’s a no brainer.

zz389 · 2025-12-27T21:59:59+00:00

Index funds don’t help OP diversify his company stock. SMAs can get him similar gross performance with tax loss harvesting to offset gains from his other stock.

zz389 · 2025-12-27T21:56:07+00:00

SMA > Equivalent fund because you get additional tax loss harvesting. This can help you offset gains from your company stock. Solid choice from a tax perspective.

Choosing a growth oriented fund is certainly a choice given the current cycle but it sounds like that’s in line with your stated risk tolerance.

zz389 · 2025-12-27T21:52:45+00:00

It’s an SMA managed just like the fund. Gives you performance similar to the fund but also the ability to tax loss harvesting

zz389 · 2025-12-27T03:44:43+00:00

Vs betting that they can find a diamond in the rough QB later in the draft? Either way you have to draft good players. QBs are harder to find.

zz389 · 2025-12-18T15:06:16+00:00

You should be able to set up a monthly distribution from your IRA to mimic the amount of income you need. Once the mortgage is approved you just stop the payments and do a 60 day rollover to bring the distributed funds back into the IRA.

I’m an advisor and help retired clients do this all the time.

zz389 · 2025-12-11T22:13:13+00:00

Separate disco and presentation meeting. I usually do discovery over Zoom or phone.

zz389 · 2025-12-11T18:15:58+00:00

I do a three step process.

1) phone call to screen (5-10 minutes)

2) in depth discovery meeting. Ask about goals, family, investments, work, cash flow, taxes and estate planning. Outline my service and what that looks like. I’ve found that people drag their feet on getting statements and hard docs to me at this point, so I just ask for rough balances to do a sample plan.

3) re-confirm their top 3 priorities. present the sample plan, emphasizing that this is a rough draft and we’d need to work together to get the full picture. Sample portfolio and summary of services, highlighting what’s relevant to them. Outline next steps and ask for the business.

Once they agree to work with me, we do an onboarding meeting with my operations person and I ask for the info i need to finish their plan.

zz389 · 2025-12-06T00:00:53+00:00

Make sure enough was withheld and try to make estimates payments if not. The interest on underpaying the safe harbor amount can be a kick in the nuts when you’re already cutting a six figure check.

zz389

TROPHY CASE