저자: Josh · 외국인
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Teddy Ruxman의 200만 달러 포트폴리오를 Munger·Dimon 방식으로 재구성해 검토. 현금 25%·배당 40%·VTI 35% 배분을 점검하며, VTI는 과세계좌의 기본 축으로, 채권은 IRA(없으면 Roth)에, 배당주는 Roth나 12% 과세구간 내 과세계좌에 두는 계좌 배치 원칙을 설명. 개별 종목 가격 전망은 언급하지 않음.
다듬은 글
All right, so let's try this again. Apparently, when I did this video last night, the the mic was turned off, so no one could hear my beautiful, beautiful voice. And I even had some guys say, "That was the best video you've ever done, Josh." I said, "Wow, I'm crushing." Turns out [snorts] anyway. So, I got the mic.
Hopefully, this works this time. So, my man Teddy, we'll call him Teddy. Teddy Ruxman. Remember Teddy Ruxman? uh he has two million bucks and he wants to model his allocation on the Charlie Munger and a Jaime Diamond portfolio. All right, so Charlie Munger doesn't give specifics. Jaime Diamond does.
So we're going to go into this a little bit and and uh we're going to see how it breaks out. So he's got money in a Roth, he's got taxable accounts, he's got an IRA. I don't know how much he has in his Roth versus how much he has in his IRA, but Teddy Ruxen makes a good perspective here to some degree.
I I get a little bit what's hesitant, but I'm going to go into what his uh his thought process and we'll uh we'll talk about it. [snorts] So, it's 2 million bucks. He wants to put 35% in VTI. That' be $700,000. 25% in cash. That's the Wisdom Tree money market account, which is paying about four and a quarter right now.
And 40% in dividends. All right. So, we got 40 25 35. If my math is correct, which I think it is, that's 100% allocation. So I guess Munger said broad cash dividends broad market. That's what Munger said. In broad market, VTI is a total stock index. These SHD and VI are kind of like dividend growers if that makes sense.
One from Schwab, one from Vanguard. Uh he didn't say specific holdings, but I guess Jamie Diamond did. So Jamie Diamond said uh cash as a wisdom tree money market and the two dividend aristocrats dividend growers whatever. All right. And I look I got no problem with that at all. None whatsoever. Um I I actually don't like the Jamie Diamond where everything's a dividends uh in cash.
I like the Munger one better actually where you have I I don't have no qualm getting some dividends. But at the end of the day VTI should always and everywhere be your uh your base. Absolutely. All right. You should not sacrifice VTI for dividends or value stocks or growth stocks. VTI should always be your base without question.
You should build everything around VTI. Um, and so I don't like uh J and I again I just quoted my man Teddy Ruxman. I don't know if Jamie Diamond said this explicitly, but I don't like that at all. Dividends and cash. No, no, no. We want a base being VTI. VTI is a Vanguard Total Market Index ETF or VTSMX, which is a Vanguard total market index mutual fund.
Either this exact same fun. All right. So, my man Teddy, he's got Roth, he's got an IRA, he's got a brokerage account. Um, he's going to put first of all $700,000 in his brokerage account, his taxable brokerage account. Absolutely 100%. That's unequivocally VTI. Of the three port of types of buckets, brokerage, IRA, Roth, VTI should always and everywhere be in your brokerage account unequivocally as a starting point.
So, we build the foundation of VTI in a brokerage account first and foremost. Now, most people don't have that much money in a brokerage account. So, they're going to have to choose between their IRA and the Roth. All right. If you if if you had to choose the two, VTI should be in your Roth, not in your IRA.
Absolutely not. We want your IRA bucket to be full of anything fixed income first and foremost. All right. IRA should always be fixed income. Always. So, if you have exposure to first in fixed income and I do I don't have any I just everything right now is my bro I don't have any pre-tax stuff. It's all in the Roth or my brokerage account.
So, my fixed income is in my Roth right now because I have no IRA. If I had an IRA, I'd want my fixed income. my money market. I have EDV as a, you know, I want to say it's not a bad size. Uh, which the Vanguard longterm zero coupon bond ETF and I I haven't really made any money for two years. I thought for sure that that'd be very profitable to me by this time.
Hasn't haven't lost money. Maybe a little actually that's not true. I think I am down. I'm just riding it out because I'm getting what? Four to 5% uh coupon. not coupon because it's zero coupon, but I'm getting a four to 5% yield on that guy and I'm just like, yeah, just ride it out. I'm going to ride it out forever.
That's my kind of stable money. I do have a little bit of money market still. Anyway, the point being is because I have no Roth uh no IRA, my bonds are going to be in my Roth unequivocally because I want my my income that I make off my uh bonds to be taxfree. Remember, IRA are taxed as ordinary income.
income you received from a bond, a money market, a CD is also taxed as ordinary income. All right? So, if we have an IRA, IRA should hold your fixed income. I I cannot make this stress this enough. On top of that, don't remember, don't forget bonds don't grow. And I talk about this my investing course, which is still in the doobly-doo.
You should buy it. I haven't up I don't update or anything like that, but I think I did it last year, two years ago. It's a great course. I loved it. Took me forever to do it, dude. But it's a great course. I can't I think I charge 150 bucks for it or something like that. Come on. I I gotta I gotta be better as an advertiser like Ben Shapiro.
Hey, don't forget co uh code whatever it's called. Promo code bowling bear or whatever the hell it's called. You know, freaking Rush Limbaugh did this best. I didn't realize Rush Limbaugh is doing it best until uh then I realized that Ben Shapiro all these other guys mimic Rush Limbaugh and they're making bank bowling bear sheets the most comfortable sheets you can have.
So crumble coach Shapiro in Israel and you'll be happy. I should do a better job with that. All right. Anyway, so you got right here by the way United States just passed a $900 billion defense budget of which we're still given uh what uh how much? like a billion. I can't remember how much. Billions of dollars to Israel.
Millions and millions still to Ukraine. It's such a freaking clown show. And everyone's griping about social security. I'm like, well, is the defense department? Do we have the money for this? No, we're still running deficits as far as I can see. And deficits just add to the debt. So all these people, social security is a scam.
It's not solvent. Let's go fund Israel, Ukraine. Let's go take on the commies. All right. So anyway, so always fixed income should be in an IRA. If you have no IRA like your old buddy Josh, fixed income should be in your Roth because we do not want fixed income in a brokerage account because fixed income is ordinate tax is ordinary income.
Does not make sense to have your fixed income in your brokerage account when you got to pay ordinary income tax when we can say, "Hey, we're going to have to pay ordinary income tax on here, but we get it taxree here." All right. Dividend stock should always be in your Roth. Always everywhere. Dividend holdings should always be in your Roth except for if you're going to maintain in the 12% tax bracket because if you maintain yourselves in the 12% tax bracket, qualified dividend income is tax-free.
All right. So, I'm sitting here and when Teddy Rucksman emails me, I'm like, "Dude, I would rather have these in your Roth, but I don't know how much he has in a Roth. I don't know what this I You can't just start throwing uh $800,000 into a Roth. doesn't work like that. You see what I'm saying? I don't know how much he has in the Roth.
So, assuming he doesn't have a big Roth holding, this should absolutely be in your brokerage account except for the fact it will be taxed uh once you break the 12% tax bracket. So, let's just say a 3% dividend here is $24,000 a year dividends. I mean, married finally jointly, you got $140,000 of gross income before you're in the 22% tax bracket.
So if 24,000 of that he's still got a long way to still basically got a 110,000 bucks give or take before he's in the 22% tax bracket. So this absolutely can be here just depends on your bracket, right? And once you go over that then you want to put some of that into your Roth so you don't get again you don't have to pay tax on the side note just because you have dividend income as long as it puts you over the 22% tax bracket is not taxree.
I just want to be very very clear. Some people think they can have like a million dollars of dividend income and that's the only income they have to still be taxree. No, it doesn't work like that. All right, just run number. You can use Right Capital and they'll show you. Just say, "Hey, I got nothing but dividend income, million bucks." And you'll say, "Oh, I got to pay tax on that." That was taxree.
Once you're over the $140,000 AGI or gross income threshold, you're paying taxes on those uh dividends for sure up until the 12%. Uh and then again, this should all VTI should always and everywhere be in your brokerage account. no capital gains on VTI. It doesn't yield capital gain and has very limited dividend.
So if he had $700,000 in his VTI paying let's say a 1% dividend, that's 7,000 bucks. 800,000 bucks in his brokerage account paying 3% dividend is 24,000 bucks. He's got $31,000 of dividend income. As long as he's in 12% tax bracket, it's all taxree. All taxree. No dividends in IRA. If you're going to have bonds, it should always and everywhere be in an IRA.
Your dividend should always and everywhere be in a brokerage and a Roth and only into a brokerage up to the extent of the 12% tax bracket. If you're working, all right, making $100,000 a year, all right, between you and your wife. We got to be careful. We don't want more than, you know, basically $40,000 of gross income in your dividend and your other uh your brokerage account because that would put you up again as we start going into the 22% tax bracket where you're creating a taxable event for you.
Anyway, so I hope this makes sense. Roth, the dividends, brokerage, VTI, IRA, fixed income. It's really that simple. And I actually like I like Munger State cash, dividends, broad market. I love it. You don't get any more fancy than that. We don't need to go specific. I'm going to get small cap value.
Why? Well, because Paul Marryman says VTI has small cap value. VTI is literally the entire broad broad market which includes small top cap value, large cap growth, everything in between. Includes REITs, includes energy companies, includes freaking Tesla, everything in between is in BTI. Just buy the freaking index and be done with it.
If you want to take a flyer on some individual stocks like I've done, couple have done well, a couple have done piss poor. If you want to take a flyer on some individual dividend holdings like this, by all means, the foundation should always be VTI. Always and every love of your thoughts. That means smash the like button. Smash it. Don't hide. Just say smash. God bless. will see you.
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