The Big Picture

SEPTEMBER 16, 2023

This week, we speak with Elizabeth Burton , managing director and client investment strategist at Goldman Sachs Asset Management. She advises institutional clients on investment strategies and portfolio objectives, working alongside global client advisers and product strategists across public and private markets.

Assets 306

Assets Management Asset Allocation Retirement 306

Wealth Management

JUNE 10, 2025

Alex Ortolani , Senior Reporter June 10, 2025 1 Min Read SilverStar President and Lead Principal Tim Hudson Bluespring Wealth Partners, the registered investment advisor acquisition arm of Kestra Holdings , has acquired a former Kestra Advisory Services firm in the Houston metro area to merge with its LifeBridge Financial Group and create a $1.4

Wealth Management 177

Wealth Management Engineering Estate Planning Management 177

The Chicago Financial Planner

FEBRUARY 5, 2022

New England won the 2019 game and it was also an up year for the markets. Is this a valid investment strategy? As far as your investments, I think you’ll agree that the outcome of the game should not dictate your strategy. Any investment strategy that does not incorporate your goals, time horizon, and risk tolerance is flawed.

Investments 184

Investments Investing Financial Planner Risk Tolerance 184

The Big Picture

SEPTEMBER 9, 2023

This week, we speak with Jon McAuliffe , who is co-founder and chief investment officer at the Voleon Group , heading the firm’s investment strategy, research, and development. Voleon, which manages $10 billion in client assets, has achieved great success applying these technologies to investing.

Engineering 325

Engineering Portfolio Management Assets 325

Calculated Risk

SEPTEMBER 16, 2022

One of my favorite models for business cycle forecasting uses new home sales (also housing starts and residential investment). See my post in 2019: Don't Freak Out about the Yield Curve ) For the economy, what I focus on is single family starts and new home sales. (See Residential investment has also peaked.

Sales 363

Sales Economy Economics Investments 363

Calculated Risk

JANUARY 5, 2025

Question #8 for 2025: How much will Residential investment change in 2025? Real GDP Growth Year Annual GDP Q4 / Q4 2005 3.5% 2008 0.1% -2.5% 2009 -2.6% 2020 -2.2% -1.0% 2024 1 2.8% 1 2024 estimate based on 2.8% Q4 SAAR annualized real growth rate. Real GDP growth is a combination of labor force growth and productivity.

Economy 173

Economy Economics Sales Investments 173

The Big Picture

JUNE 21, 2023

Sinclair had a clear bead on the financial industry, especially the high-cost, active-investing side of it, even though he was writing about the meatpacking industry. Previously : Winner Takes All Applies to Stocks, Too (August 1, 2019) Wasn’t Passive Supposed to Blow Up During the Next Crash?

Management 312

Management Investments Investing Numbers 312

The Big Picture

JUNE 9, 2025

Just as your mother used to tell you not to take candy from strangers, so goes it with taking investment advice from strangers on TV, in print, weblogs, and most especially social media. I devote at least 10 chapters in “ How Not to Invest ” discussing these exact topics because its that important. See: Who do you listen to?

Media 306

Media Advertising Investments Investing 306

The Big Picture

FEBRUARY 27, 2023

equity market since 1945 has shifted dramatically to different investment vehicles. The key conclusion was this was despite the sexy idea and stock ticker and great performance, it was only a so-so investing vehicle, unlikely to attract much capital. As Ben pointed out via his favorite chart at top, ownership of U.S.

Distribution 325

Distribution Retirement Retirement Planning Taxes 325

Calculated Risk

JANUARY 10, 2024

Question #8 for 2024: How much will Residential investment change in 2024? Click on graph for larger image. Question #7 for 2024: How much will wages increase in 2024? How about housing starts and new home sales in 2024? Question #9 for 2024: What will happen with house prices in 2024?

Economy 298

Economy Manufacturing Economics Sales 298

Calculated Risk

DECEMBER 7, 2022

One of my favorite models for business cycle forecasting uses new home sales (also housing starts and residential investment). See my post in 2019: Don't Freak Out about the Yield Curve ) For the economy, what I focus on is single family starts and new home sales. (See Residential investment has also peaked.

Sales 361

Sales Economy Engineering Investments 361

The Big Picture

MAY 6, 2024

.” The guys who made that prediction: Rex Sinquefield, co-founder of Dimensional Funds (DFA) which now runs about 677 billion; and Roger Ibbotson, professor at Yale, and winner of too many awards to count for his contributions to investing theory. To say nothing of a contrarian but accurate extrapolation of future market returns).

Numbers 290

Numbers Investments Investing Marketing 290

The Big Picture

DECEMBER 30, 2022

Here is QAD from 2019: In business, change is inevitable , and those that fail to adapt and innovate are often doomed to failure. A perfect way to end the 2022 annus horriblis is to remind readers that not just individual stocks, but entire sectors fall in and out of favor. Almost nobody does this well consistently over time.

Economy 312

Economy Management Investing Investments 312

Nerd's Eye View

OCTOBER 27, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the shift in financial advice from pure investment management to comprehensive financial planning continues, with more individuals becoming CFP professionals than CFAs in the past few years as consumers increasing the diversity (..)

Financial Planner 246

Financial Planner Financial Advice Financial Advisor Tax Planning 246

Nerd's Eye View

APRIL 21, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that in a settlement with the SEC, robo-advisor platform Betterment agreed to pay a $9 million penalty for allegedly misstating the frequency that its automated tax-loss harvesting system was scanning some client accounts between (..)

Financial Planner 246

Financial Planner Advertising Clients Taxes 246

The Big Picture

JUNE 20, 2025

August 31, 2019). ( The Big Picture ) • Road to Renewal: Investing in a New Era for Europe. That’s a tradeoff – the kind of thing free markets require and leaders who would mandate economic outcomes would prefer to ignore.

Economics 130

Economics Government Management Portfolio 130

The Big Picture

MARCH 9, 2023

She points to studies that show that male-dominated hedge funds represent a missed opportunity to generate more alpha — it’s simply a poor investment strategy. In this space, Hedge funds lag finance, which in turn lags the broader economy.

Wealth Management 162

Wealth Management Banking Management Investments 162

Nerd's Eye View

OCTOBER 25, 2023

There is a general understanding that investment advisers have a fiduciary relationship with their clients – in other words, that they are required to act in the client's best interests. These 3 components in practice make up a core part of the adviser's fiduciary duty to their clients.

Fiduciary Duty 246

Fiduciary Duty Commission Clients Accounting 246

The Big Picture

SEPTEMBER 29, 2022

2022 may not be 1981-82, but for the first time in several years, bonds are attractive investment options. Despite what you may have heard, the Fed isn’t the only factor driving equity markets. However, they are significant — and rising rates this year have been a headwind for both equities and the economy.

Economy 312

Economy Taxes Marketing Marketing 312

Validea

JUNE 2, 2025

Instead, it’s built to perform reasonably well across a wide range of market conditionsand more importantly, to help investors stay invested during turbulent times. The chart below compares the All Weather Portfolio to a traditional 60/40 stock-bond portfolio from 2007 through 2025 YTD: Year All Weather 60/40 Portfolio 2007 11.1%

Portfolio 52

Portfolio Investments Investing Economics 52

Calculated Risk

JANUARY 1, 2023

New construction delivery fell under 600,000 sqft and caused the inventory to grow just above 3 million sqft for the year, less than half of 2019’s record. In the mid-'00s, mall investment picked up as mall builders followed the "roof tops" of the residential boom (more loose lending). for the fifth straight quarter.

Retail 363

Retail Assets Investments Investing 363

Random Roger's Retirement Planning

MARCH 22, 2025

For a ten year run ending Jan 1, 2019 though it compounded at over 6% annually plus that dividend yield on top and a very low beta. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation. To me, that was a great mix of attributes.

Investing 59

Investing Investments Risk Tolerance Management 59

Nerd's Eye View

APRIL 10, 2024

So, although the entire 227-year span of McQuarrie's analysis from 1793 to 2019 was weakly supportive of Siegel's conclusions, there were subperiods where bonds actually outperformed stocks, leading McQuarrie to conclude that there was no consistent relationship between asset outperformance and length of holding period to which values must revert.

Asset Allocation 246

Asset Allocation Wealth Accumulation Assets Portfolio 246

Carson Wealth

JANUARY 13, 2025

But some of those companies will become an IBM, GM, or Kodak perhaps still worthy of investment in the future, but not the dominant player it is today. Thats running at a solid 170,000 per month, versus an average of 166,000 in 2019. million in 2023 but well in the ballpark of what we saw in 2017-2019 (2.1 in 2018-2019.

Marketing 76

Marketing Marketing Economy Compliance 76

Abnormal Returns

FEBRUARY 26, 2023

Sentencing Commission show judges rejected more than 80% of compassionate release requests filed from October 2019 through September 2022. abnormalreturns.com) The 2023 Credit Suisse Global Investment Returns Yearbook is here! (washingtonpost.com) Urban areas can't grow without new housing. bloomberg.com) Data from the U.S.

Ethics 243

Ethics License Financial Advising Startup 243

The Big Picture

DECEMBER 9, 2023

 This week, we speak with investing legend Joel Tillinghast. He has been a mutual fund manager in the equity division at Fidelity Investments since the 1980s. He observes that when you make investing mistakes, “ You’ve got to be cruel to yourself so you don’t do it again.”

Management 195

Management Portfolio Management Investments Assets 195

Carson Wealth

NOVEMBER 4, 2024

In 2019, monthly job growth averaged 166,000 but we saw four months with 100,000 or fewer jobs created. The 2017-2019 pace was 3.1%.) Business investment was also strong in Q3, though half of that was from aircraft spending, and that is unlikely to repeat in the next quarter or two.

Marketing 96

Marketing Marketing Economy Numbers 96

The Big Picture

NOVEMBER 10, 2023

June 21, 2021) Tversky and Kahneman Changed How We Think (December 5, 2016) How Shiller helped Fama win the Nobel (October 26, 2013) Plus, I have to include the discussion of Amos Tevarsky and Danny Kahnemann: Michael Lewis on The Undoing Project (December 10, 2016) The post MiB: The Nobel Laureates appeared first on The Big Picture.

Investments 147

Investments Investing Marketing Marketing 147

The Big Picture

MARCH 21, 2023

Fisher Investments ) • The 10 Top US Cities Where a $100,000 Salary Goes the Furthest : Here are the top 10 US cities where a six-figure salary goes the furthest. In the United States alone, individuals donated close to $300 billion to charity in 2019. It has always been a disaster but with a few great pieces. (

Banking 289

Banking Investments Investing Management 289

The Big Picture

AUGUST 23, 2024

This week, we speak with Ricky Sandler , the chief investment officer and the founder of Eminence Capital. Today, Eminence is a $7B global investment management organization. Be sure to check out our Masters in Business next week with Heather Brilliant , CEO since 2019 of publicly traded Diamond Hill (DHIL).

Assets 173

Assets Management Investments Investing 173

The Big Picture

APRIL 26, 2024

This week, we speak with Dr. Ed Yardeni, President of Yardeni Research , a provider of global investment strategies and asset-allocation analyses and recommendations. He previously served as Chief Investment Strategist of Oak Associates, Prudential Equity Group, and Deutsche Bank’s US equities division in New York City.

Asset Allocation 173

Asset Allocation Advertising Engineering Media 173

The Big Picture

JANUARY 31, 2023

But when the calendar changed from October to November in 2019, so too did the entire streaming industry. Consumer Is Starting to Freak Out : The flush savings accounts and cheap credit that helped keep Americans spending at high rates since 2020 are disappearing. Washington Post ) see also Politicians Want to Keep Money Out of E.S.G.

Startup 279

Startup Economics Economy Banking 279

The Big Picture

MARCH 8, 2023

1 Billion (Tie), John Overdeck, Two Sigma Investments 6. $1 1 Billion (Tie), David Siegel, Two Sigma Investments 8. February 27, 2023) Simple, But Hard (January 30, 2023) Wealth Distribution Analysis (July 18, 2019) Sources : Income and emotional well-being: A conflict resolved Matthew A. Shaw Group 10.

Management 345

Management Distribution Investments Investing 345

Calculated Risk

JANUARY 11, 2023

2019 63.3% Question #8 for 2023: How much will Residential investment change in 2023? Unemployment and Participation Rate for December each Year December of Participation Rate Change in Participation Rate (percentage points) Unemployment Rate 2008 65.8% 2009 64.6% -1.2 2010 64.3% -0.3 2011 64.0% -0.3 2012 63.7% -0.3 2013 62.9% -0.8

Economics 242

Economics Sales Investments Investing 242

Good Financial Cents

DECEMBER 22, 2022

You’ll be rewarded if you can invest it for the long haul. As this compound interest calculator demonstrates, investing $30,000 at a return of 8% for 20 years will leave you with $138,828. But where should you invest your $30,000? Table of Contents 16 Best Ways to Invest $30,000 in 2023. Invest in ETFs.

Investments 108

Investments Investing Risk Tolerance Accounting 108

Calculated Risk

DECEMBER 26, 2022

However, it seems unlikely that inventory will be back up to the 2017 - 2019 levels. As expected, inventory hit new record lows early in 2022, and is finishing the year up significantly year-over-year - but not close to the 2017 - 2019 levels. 7) Question #7 for 2022: How much will Residential investment change in 2022?

Economics 285

Economics Sales Economy Banking 285

Calculated Risk

JANUARY 13, 2023

One of my favorite models for business cycle forecasting uses new home sales (also housing starts and residential investment). Note that Residential Investment is quarterly and single-family starts and new home sales are monthly. Residential investment has also peaked. Real GDP Growth Year Annual GDP Q4 / Q4 2005 3.5%

Economy 278

Economy Sales Economics Investments 278