Dividend tax rate tables

 

Qualified dividend tax rate

Non-qualified dividends tax rate

CFPs - Certified Financial Planners in Bozeman and Livingston

In the greater Bozeman area, there are currently 45 CFPs (Certified Financial Planners). Only two CFPs are in Livingston, 41 are in Bozeman, and two are in the neighboring communities of Gallatin Gateway, Manhattan, and Three Forks.

Most of the them service clients with minimum assets of $100,000-250,000. Here's the minimum assets filter as of October 2022.

These planners work with clients who have at least $500,000 of investable assets, Meredith Farris at Morgan Stanley.

And these planners work with clients who are millionaires by their asset levels.

J. Bratton Dubose at Ashton Thomas Private Wealth and Troy Miller at Private Advisor Group.

Smaller companies that have CFPs on staff:

* XY Planning (Alan Moore, 

* Stifel, Nicolaus, and Company

* Raymond James (Alex Hudak, Afton O'Meara, 

* Bozeman Financial Advisors

* Ashton Thomas Private Wealth

* Springbrook Financial LLC

* Equitable

* Black Cat Wealth LLC

* Abacus Wealth Factors, LLC

* Professional Financial Management, Inc.

* CoCreate Financial (Krista Hudak and Matthew Hudak)

* LPL Financial

* Core Wealth

* McKenna Financial

* Parsec Financial

* Private Advisor Group

* Palisade Financial

* Useful Solutions

* Chicago Partners (Manhattan, MT)

* 

Large companies that have CFPs on staff in Bozeman:

* Wells Fargo (Scott Brown)

* Charles Schwab (Erin Yost)

* Morgan Stanley (Meredith Farris)

* Edward Jones (Jared Hauskins, 

* DA Davidson (Brenda Kitto, Jacob Werner, Morgan Owen, Ryan Meeks, Neil Sexton, Brian Brown, Annie Ashton)

* Ameriprise Financial Services (publicly traded as AMP) (Jeffrey Larson, Charles Friend)

* Primerica (Ramiah Pickett)

Local Companies created with the owner's name

* Hunter Wealth Management LLC

* Monteith Wealth (Mike Monteith)

Specialty Focus Planners

Only one person had military and government employees listed as focus clients, Daniel Ritter at Core Wealth. He also listed 'no minimum' for investable assets.

Only one advisor listed other languages on their profile, Edward Tomkins at Bozeman Financial Advisors. He listed Spanish and German as additional languages.

Only two CFPs are in Livingston (25 miles from Bozeman), serving a community of 8,000 people in the city limits, though all of Park County has about 16,500 people. Neil Sexton works for D.A. Davidson and Jeffrey Larson works for Ameriprise.

Simplifying my core investing portfolio

My investing portfolio currently has about 25 stocks and ETFs.

Simplifying the portfolio would make it easier to see performance over time and re-balance it as time goes on.

The portfolio does include the essentials of a four fund portfolio:

1. Large Cap Value - VTV/MGV

2. S&P 500 - VOO

3. Small Cap Value - VBR

4. Small Cap Blend - VB

A four fund portfolio historically performs better than merely holding the S&P 500 during rough decades.

All of the above funds have very low fees because they are all Vanguard funds. 

I want my core portfolio to have 10 holdings or less. Even 3-5 ETFs, when selected appropriately, can create a diverse portfolio.

Choices for my core portfolio:

MGK

Performs slightly better than VOOG in the long run, but VOOG is more diversified. The largest holdings include household names, like Apple, Microsoft, Amazon, Google, Tesla, Facebook (Meta), Nvidia, Home Depot, and Visa. 

MGV

Mega Cap Value

The largest companies in the US with good value (almost the opposite of MGK). Up 11.1% in the last year. Largest holdings include Berkshire Hathaway, J&J, United Health, JPMorgan, Proctor & Gamble, Exxon, Bank of America, Pfizer, Chevron, and AbbVie.

BRK.B

Berkshire Hathaway

An extremely alue oriented company creates by Warren Buffet. Many of the companies they bought are better insualted from harm during a recession than the overall S&P 500. Their current P/E ratio is only 8.2. In the last year, it's up 25.9%, blowing the S&P out of the water. 

COWZ

Cash cow fund (ETF)

Companies rated with good free cash flow. Up 25.6% in the last year. Contains 101 stocks, with the biggest holdings currently in oil, chemical, and drug companies. 

VOOG

High growth companies within the S&P.

Has nearly identical 5 and 10 year average annual return as MGK, except it holds 307 stocks instead of just 112. The largest holdings include household names, like Apple, Microsoft, Amazon, Google, Tesla, Facebook (Meta), Nvidia, Home Depot, and Adobe.

VBR

Small Cap Value fund

A good counter balance to the S&P 500 and high growth companies. In several decades in the last 70 years, small cap value has been the highest performing asset class out of the four fund portfolio.

VOO

The Benchmark standard, the S&P 500, as a fund provided by Vanguard. It holds 510 of the largest companies in the US. Over long spans of time, it typically returns 8-9% average annual return. In the last 10 years it's grown annually by 14.55%. 

SPHQ

S&P 500 Quality ETF

"Tracks an index of US large-cap stocks and selected by return on equity, changes in net operating assets, and financial leverage." Up 9.3% in the last year (March 8, 2022) and 70.1% in the last 5 years. The fund contains 103 stocks and the largest holdings include: Apple, Microsoft, Visa, JP Morgan Chase, Bank of America, Pfizer, Mastercard, Wells Fargo, Adobe, and Walmart. Before the downtown in growth stocks that started in Decembee 2021, this fund was performing better than the S&P 500.

VHT

Health Care fund

Contains 448 stocks in the health care sector. Up 73.07% in the last 5 years. 

VB

Small Cap Blend fund

Contains 1,553 stocks and pulls from the bottom 2-15% of the investable stocks in the US. With an average annual return of 12.2% over the last 10 years, this fund has still done well for investors. Small caps started to tank in late November of 2021. This fund is up 48.2% in the last 5 years.