1. The author's retirement portfolio achieved a record amount of realized gains in 2024, generating over $110k in tax-free income and bringing the 4-year average annual income to $95.5k. 2. The author explains how high-yield funds and stock swing trading are used to grow the cost basis of the Roth retirement portfolio. 3. Despite the popular sentiment, the author expects a down market for 2025 and justifies this outlook, while also anticipating continued gains regardless of market direction.

1. U.S. stocks are on track for a second year of strong positive returns; 2. The S&P 500 Index had its best month of the year in November; 3. 2025 could be a pivotal period for active managers with the right expertise.

1. The author emphasizes a nuanced approach to valuations, suggesting different Owner's Yields based on expected revenue growth rates, rather than a flat 4% threshold. 2. The Five Factor Model includes requirements for importance, founder management, revenue growth, gross margins, and valuation. 3. FastGraphs is a tool for comparing current valuations to historical norms, aiding in informed investment decisions.

1. The S&P500 offers a low yield of 1.2% and is volatile, making it unsuitable for most retirees unless they are willing to sell shares for income. 2. A retirement all-weather portfolio should perform well in all market conditions, not just bull markets, with lower volatility, reasonable growth, and a 4% to 5% income. 3. The article discusses the High Income DIY Portfolios service, which aims to provide stable, long-term passive income with sustainable yields for income investors.

1. The Federal Reserve has signaled a potential rate cut in September, creating a new environment for companies. 2. Interest rate-sensitive sectors and high-growth innovators are likely to benefit the most. 3. Savvy investors can capitalize on market algorithmic oversimplification to find undervalued assets.