Wealth Management

DECEMBER 27, 2022

A strong start to 2022 marked by robust fundamentals and record levels of investment sales activity transitioned into a second half marked by uncertainty, leaving commercial real estate on unsteady footing heading into 2023.

Sales 312

Sales Investing Investments 312

Calculated Risk

FEBRUARY 23, 2025

Here is an update to a graph that uses new home sales, single family housing starts and residential investment. (I Note that Residential Investment is quarterly and single-family starts and new home sales are monthly. In 2022, both new home sales and single-family starts turned down in response to higher mortgage rates.

Sales 309

Sales Investments Investing Economy 309

Calculated Risk

DECEMBER 26, 2022

At the end of each year, I post Ten Economic Questions for the following year (2022). 10) Question #10 for 2022: Will inventory increase as the pandemic subsides, or will inventory decrease further in 2022? Here is a graph from Realtor.com showing active inventory through November 2022. This was correct. year-over-year.

Economics 285

Economics Sales Banking Economy 285

The Big Picture

APRIL 28, 2025

2022 down 18% for the year.4 What has developed over the entirety of the post-financial crisis era of rising equity markets and until 2022, falling or zero interest rates.The good news is that this is how you build wealth over the long haul. 2015 gain of only 1.4% -2018 drop of 4.4%, including a Q4 drop of nearly 20%. -Q1

Risk Management 330

Risk Management Management Marketing Marketing 330

Wealth Management

APRIL 16, 2024

KKR logged $3 billion in sales in products aimed for the private wealth channel—up from $400 million in sales per quarter in 2022. These are among the investment must reads we found this week for wealth advisors. Morningstar published an explainer on the growing world of interval funds.

Investments 299

Investments Investing Wealth Advisor Sales 299

The Big Picture

JANUARY 5, 2023

The post Stocks That Lost the Most Market Cap in 2022 appeared first on The Big Picture. Source: Reddit.

Marketing 315

Marketing Marketing Investments Investing 315

Wealth Management

APRIL 17, 2023

Driven by private equity activity, entity-level transactions accounted for more than half of investment sales volume in the data center space in 2022.

Investments 278

Investments Investing Accounting Sales 278

Wealth Management

OCTOBER 31, 2022

With stubborn inflation, investment triggers feel harder to pull in 2022. Multifamily real estate is a strong option.

Investments 306

Investments Investing 306

The Big Picture

JANUARY 25, 2023

But they also asked questions about how these managers invested their own monies. Robin buries the lede in his discussion, but allow me to correct that oversight: “ Active managers invest their own capital passively.” ” It’s is worth your time to delve into the entire discussion.

Management 304

Management Investments Investing Financial Market 304

Wealth Management

DECEMBER 19, 2022

Advisors and analysts look back on their best and worst calls, with ideas on ways retail investors should position themselves heading for the new year.

Portfolio 269

Portfolio Retail Investments Investing 269

Wealth Management

JULY 31, 2023

According to the latest WealthManagement IQ research, the disappointing performance of equity and fixed-income investments in 2022 only served to heighten advisors’ interest in alts.

Investments 245

Investments Investing 245

Calculated Risk

APRIL 7, 2025

This graph uses new home sales, single family housing starts and residential investment. (I Note that Residential Investment is quarterly and single-family starts and new home sales are monthly. In 2022, both new home sales and single-family starts turned down in response to higher mortgage rates.

Sales 241

Sales Economy Economics Investments 241

The Big Picture

AUGUST 23, 2023

Most people believe that investing is the science of generating a return on capital. At its heart, investing is a problem-solving exercise , filled with opportunities that reveal the errors we all make. This should be reflected in how we invest. That is an accurate but incomplete assessment. – “ Future ” demands optimism.

Investments 246

Investments Investing Asset Allocation Healthcare 246

Abnormal Returns

FEBRUARY 17, 2023

marketwatch.com) Strategy Copycat investing is blind alley. billion in 2022 in the U.S.` Markets European natural gas prices are back down to Q4 2021 levels. ft.com) Zero day options are growing in popularity. rationalwalk.com) Share buybacks aren't good or bad, they just are.

Investments 245

Investments Investing Financial Advising Media 245

Abnormal Returns

JANUARY 20, 2023

ritholtz.com) India's stock market held up well in 2022. news.crunchbase.com) Crypto companies, like FTX, invested in a bunch of crypto startups. Markets What a 'breakaway momentum thrust' means for investors. wsj.com) Don't let your portfolio be driven by strategist forecasts. Those stakes are set to change hands.

Investments 246

Investments Investing Startup Financial Advising 246

Wealth Management

OCTOBER 4, 2022

Asset managers continue to own large office portfolios, according to Pensions & Investments. As more homebuyers step away from the market due to rising mortgage rates, home builders are selling new homes to SFR investors in bulk, reports The Wall Street Journal.

Portfolio 289

Portfolio Assets Management Investing 289

The Big Picture

FEBRUARY 7, 2024

 At the Money: Stock Picking vs. Value Investing with Jeremy Schwartz, Wisdom Tree. Should value investing be part of that strategy? TRANSCRIPT: Jeremy Schwartz Value Investing Barry Ritholtz : How much you pay for your stocks has a giant impact on how well they perform. What Is value investing?

Investments 293

Investments Investing Valuation Portfolio 293

Wealth Management

AUGUST 4, 2022

GeekWire looks at the role online investment platforms have played in the U.S. Las Vegas’ hospitality and casino industries are booming, reports The Wall Street Journal. housing market. These are among today’s must reads from around the commercial real estate industry.

Investing 290

Investing Investments Marketing Marketing 290

Calculated Risk

DECEMBER 28, 2022

Here is a review of the Ten Economic Questions for 2022 Below are my ten questions for 2023 (I've been doing this every year for over a decade!). 1) Economic growth: Economic growth was probably under 1% in 2022 as the economy slowed following the economic rebound in 2021. 2) Employment: Through November 2022, the economy added 4.3

Economics 347

Economics Economy Sales Commission 347

Wealth Management

NOVEMBER 17, 2022

National Mortgage News looks at what 2023 might bring in the world of real estate investment financing. Bisnow looks at the challenges diversity officers face when it comes to CRE firms. These are among today’s must reads from around the commercial real estate industry.

Investing 278

Investing Investments 278

Wealth Management

DECEMBER 19, 2022

GlobeSt.com looks at whether investment sales are likely to recover in the new year. Small and midsize businesses in the U.S. are increasingly relying on nearshoring to deal with supply chain issues, reports Chain Store Age. These are among today’s must reads from around the commercial real estate industry.

Sales 273

Sales Investing Investments 273

Calculated Risk

JULY 28, 2022

From the BEA: Gross Domestic Product, Second Quarter 2022 (Advance Estimate) Real gross domestic product (GDP) decreased at an annual rate of 0.9 percent in the second quarter of 2022, according to the "advance" estimate released by the Bureau of Economic Analysis. rate, and residential investment decreased at a 14.0%

Government 333

Government Economics Investing Investments 333

Wealth Management

DECEMBER 15, 2022

Investment News looks at the difficulty of valuing non-traded REITs. Colliers published its latest seaport outlook report. These are among today’s must reads from around the commercial real estate industry.

Investing 263

Investing Investments 263

Wealth Management

AUGUST 10, 2022

Investment sales volume was up 10 percent in the second quarter, according to CBRE data. Fitch Ratings warned about the danger stagflation posts to commercial real estate values. These are among today’s must reads from around the commercial real estate industry.

Sales 264

Sales Investing Investments 264

Abnormal Returns

DECEMBER 14, 2022

thisisthetop.substack.com) 2022 is ripe with tax loss harvesting opportunities. (robkhenderson.substack.com) The ultra-rich are now buying their own submarines. ft.com) Who really benefits from 529 plans? nytimes.com) Planning Doug Boneparth, "Cash flow lives at the heart of financial organization."

Investments 245

Investments Investing Retirement Planning Banking 245

Wealth Management

NOVEMBER 28, 2022

Global direct investment in CRE fell on a quarterly basis for the first time since the onset of the pandemic, according to JLL. Macy’s has converted about 1 million sq. of space at 35 stores into fulfillment operations, reports Retail Dive. These are among today’s must reads from around the commercial real estate industry.

Retail 261

Retail Investing Investments 261

Wealth Management

JANUARY 17, 2023

In a call detailing Morgan Stanley’s Q4 earnings, Chairman and CEO James Gorman said he expected the company’s wealth and investment management businesses to become a larger portion of the firm’s pre-tax profits.

Wealth Management 255

Wealth Management Management Taxes Investing 255

The Big Picture

AUGUST 10, 2022

Source: Bloomberg , August 9th, 2022. Bloomberg, August 8, 2022. August 9, 2022). The Trouble with Consumer Sentiment (July 8, 2022). Sentiment LOL (May 17, 2022). Too Many Bears (May 3, 2022). Politics & Investing. See also : Blame Election Deniers for Faltering Consumer Sentiment.

Wealth Management 304

Wealth Management Economy Management Investing 304

Abnormal Returns

NOVEMBER 12, 2024

alphaarchitect.com) Why 2022 was so unusual in markets. aeaweb.org) How memories affect how we invest. (papers.ssrn.com) Research The 'index effect' seems to be waning. morningstar.com) How trend following works in high-rate regimes. mrzepczynski.blogspot.com) Can investors simply ignore benchmarks?

Financial Advisor 167

Financial Advisor Investing Investments Marketing 167

Wealth Management

SEPTEMBER 29, 2023

The firms, ranging from broker/dealers and dual registrants to affiliated investment advisors, include Interactive Brokers, Nuveen Securities and Baird, among others, and are similar to 2022 charges against Wall Street firms resulting in $1.1 billion in collective penalties.

Communication 342

Communication Investment Advisor Investing Investments 342

Wealth Management

OCTOBER 30, 2024

In 2022, Crescent Bay received a minority investment from Merchant Investment Management. The combined firm will be based in Los Angeles.

Management 277

Management Investing Investments 277

Wealth Management

NOVEMBER 21, 2022

Investors continue to view commercial real estate favorably in the current market environment, reports Chief Investment Officer. JLL would like to become an SFR landlords, according to The Real Deal. These are among today’s must reads from around the commercial real estate industry.

Investing 246

Investing Investments Marketing Marketing 246

Calculated Risk

AUGUST 25, 2022

From the BEA: Gross Domestic Product (Second Estimate) and Corporate Profits (Preliminary), Second Quarter 2022 Real gross domestic product (GDP) decreased at an annual rate of 0.6 percent in the second quarter of 2022 , according to the "second" estimate released by the Bureau of Economic Analysis. percent in the first quarter.

Economics 324

Economics Investing Investments 324

The Big Picture

JULY 20, 2022

Barry Ritholtz, Ritholtz Wealth Management Chairman and CIO & “Masters in Business” host, discusses investing in a volatile market and the probability the Fed causes a recession. Source: Bloomberg , July 19th, 2022. Previously : Rally , Multiple Compression , Earnings¯_(?)_/¯ Recession , Double Bottom (July 18, 2022).

Wealth Management 301

Wealth Management Management Investing Investments 301

The Big Picture

AUGUST 24, 2022

When it comes to integrating data with investing insights, no one is better than Ben Carlson. I direct you to today’s “ Exceptions to the Rule, ” where Ben dives into the nitty gritty of the conflicting data between market action and inflation data: BULL : The S&P 500 has recovered half of its 2022 bear market losses. Countertrend?

Marketing 326

Marketing Marketing Investments Investing 326

Wealth Management

MARCH 31, 2023

The OCIO for financial advisors, which launched in November 2022, built the new feature to source investment options.

Financial Advisor 297

Financial Advisor Investing Investments 297

Investment Writing

APRIL 15, 2025

Investment commentary authors often know the markets well, but lack writing and editing expertise. Ive learned some lessons about how to edit investment commentary that I share below with you. Instability in the Middle East will continue, and heres how it affects our investing. 30, 2022, and April 8, 2025.

Investments 59

Investments Investing Clients Communication 59