Abnormal Returns
OCTOBER 6, 2023
Strategy Defining what you will invest in, versus what you will not invest in, is important. (awealthofcommonsense.com) Why simplicity in investing can help reduce errors. (mrzepczynski.blogspot.com) Apple Apple's ($AAPL) USB-C transition is going to be rocky. (macworld.com) A review of the Apple ($AAPL) iPhone 15 Pro and Pro Max. (sixcolors.com) Vaccines How research into mRNA vaccinations very nearly didn't happen.
The Big Picture
OCTOBER 6, 2023
I have been playing with Nick’s S&P 500 calculator , and it’s pretty damned, cool. He used data from Robert Shiller’s website and created his own interface going all the way back to 1871. (The default assumes your dividends are reinvested). You can see why RWM hired Nick as our Chief Data Scientist… The post Historical S&P 500 Return Calculator appeared first on The Big Picture.
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Nerd's Eye View
OCTOBER 6, 2023
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent survey found that clients across several countries who work with a CFP professional have better outcomes on a range of measures compared to those working with other advisors or no advisor at all, suggesting that the potential benefits of gaining CFP certification can accrue not only to the advisor themselves, but also to their clients.
Abnormal Returns
OCTOBER 6, 2023
The biz Spotify ($SPOT) has big audiobook ambitions. (nytimes.com) Amazon ($AMZN) is shuttering its Amp audio app. (theverge.com) On the layoffs at Pushkin Industries. (nypost.com) Business Derek Thompson talks with Matthew Ball and Julia Alexander about the state of Disney ($DIS) today. (theringer.com) Roben Farzad talks with Angela Romero and Matthew Boyle about MBA grads buying companies.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
The Reformed Broker
OCTOBER 6, 2023
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Alex Kantrowitz, and Downtown Josh Brown discuss the big tech landscape, AI competition, augmented reality, Michael Lewis and SBF, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere else!
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
OCTOBER 6, 2023
The headline jobs number in the September employment report was well above expectations, and employment for the previous two months was revised up by 119,000, combined. The participation rate and the employment population ratio were both unchanged, and the unemployment rate was also unchanged at 3.8%. Leisure and hospitality gained 96 thousand jobs in September.
The Irrelevant Investor
OCTOBER 6, 2023
This tweet last week caught my attention. Current situation: 1. Stocks are falling like a recession is coming 2. Oil prices are rising like there's no recession in sight 3. Interest rates are rising like we have 10% inflation 4. Gold is falling like inflation is gone 5. Housing prices are rising like rates are… — The Kobeissi Letter (@KobeissiLetter) September 27, 2023 It’s been a weird couple of month.
Calculated Risk
OCTOBER 6, 2023
From Manheim Consulting today: Wholesale Used-Vehicle Prices See Minimal Increase in August Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) increased 1.0% in September from August. The Manheim Used Vehicle Value Index (MUVVI) rose to 214.3, down 3.9% from a year ago. “September auction sales bolstered prices through the channel,” said Chris Frey, senior manager of Economic and Industry Insights for Cox Automotive.
Wealth Management
OCTOBER 6, 2023
Vice President of Portfolio Consulting Gary Quinzel likes large-cap developed international equities, value stocks and is implementing a barbell strategy for both U.S. Treasuries and municipal bonds.
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
A Wealth of Common Sense
OCTOBER 6, 2023
The bond market continues to be even crazier than the stock market. We’ve witnessed a massive move in long-term bond yields these past couple of weeks and months. Yields on the 10, 20 and 30 year Treasury were all up in the neighborhood of 60 basis points over the past 16 trading sessions. Yields are up 1% or more on each of these bond maturities since the end of June.
Wealth Management
OCTOBER 6, 2023
"Higher-for-longer" interest rates, earnings volatility, multiple expansion. Chief investment officers from nine of the largest RIAs reveal how they are tweaking client portfolios in response to the markets, and detail their best investment ideas right now.
Integrity Financial Planning
OCTOBER 6, 2023
While some people idealize retirement as a time of leisure, many people often view retirement as a time of financial constraint and worry. For these reasons, you might think that your money and savings will dictate your happiness. But what if we changed the narrative? What if retirement was a time when your money worked for your happiness instead of requiring you to sacrifice that happiness?
Wealth Management
OCTOBER 6, 2023
The multiple active lawsuits involving the senator's late husband's estate will likely be paused while her own estate is probated.
Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor
During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.
Discipline Funds
OCTOBER 6, 2023
Here are three things I think I am thinking about this weekend. 1) SBF is not an effective altruist. Michael Lewis has been a literary hero of mine for decades. Liars Poker was a book that both excited me about getting into the financial services industry and also made me deeply question the motives of people in the financial services industry. So I was surprised this week to see Lewis doing a book tour and framing Sam Bankman Fried as a good person who just flew too close to the sun.
Wealth Management
OCTOBER 6, 2023
Snowden Lane adds UBS duo with $200M in assets, PCIA moves into Memphis, another rebrand is announced and women are named to key roles at Choreo, Lido and Carson.
Calculated Risk
OCTOBER 6, 2023
From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. As is usually the case, in September some rail sectors did better than others. There were clearly some good signs. For example, U.S. intermodal originations in September 2023 averaged 252,224 containers and trailers per week, the most for any month since October 2022.
Wealth Management
OCTOBER 6, 2023
Also, Morgan Stanley launches a charitable giving program, Vyzer raises $6.3 million in seed funding and Modern Life Adds John Hancock strategies.
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Digital platforms can provide you with plenty of solutions, yet many are still intimidated by them. It's time to end that worry and embrace what could make a major difference for your bank. Understanding how they work and how to best utilize them for your banks is key toward success. In this article, Biz2X breaks down all things digital platforms, including the many advantages of embracing them.
Calculated Risk
OCTOBER 6, 2023
From the BLS : Total nonfarm payroll employment rose by 336,000 in September, and the unemployment rate was unchanged at 3.8 percent , the U.S. Bureau of Labor Statistics reported today. Job gains occurred in leisure and hospitality; government; health care; professional, scientific, and technical services; and social assistance. The change in total nonfarm payroll employment for July was revised up by 79,000, from +157,000 to +236,000, and the change for August was revised up by 40,000, from +1
Wealth Management
OCTOBER 6, 2023
F2 Strategy's co-founder and CEO provides his take on the most important wealthtech news of the last month.
Advisor Perspectives
OCTOBER 6, 2023
The S&P 500 snapped its 4-week losing streak after finishing up 0.48% from last Friday. The index is currently up 12.67% year to date and is 10.18% below its record close from January 3, 2022.
Wealth Management
OCTOBER 6, 2023
Fidelis Capital Pattners Investment Research Analyst Nick Smith likes Japan and expanding the firm's levels of interest rate risk.
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All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!
Advisor Perspectives
OCTOBER 6, 2023
The weekly leading economic index (WLEI) is a composite for the U.S economy that draws from over 20 time-series and groups them into the following six broad categories which are then used to construct an equally weighted average. As of September 22nd, the index was at 12.058, up 1.949 from the previous week.
Wealth Management
OCTOBER 6, 2023
The multiple active lawsuits involving the senator's late husband's estate will likely be paused while her own estate is probated.
Calculated Risk
OCTOBER 6, 2023
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Due to changes at the CDC, weekly cases are no longer updated. For deaths, I'm currently using 3 weeks ago for "now", since the most recent two weeks will be revised significantly. Recently hospitalizations have tripled from a low of 5,150 in June 2023. Hospitalizations had been increasing (down this week) but are far below the peak of 150,000 in January 2022.
Wealth Management
OCTOBER 6, 2023
Beacon Pointe CIO Michael Dow and Director of Risk Management and Securities Research Julien Frazzo like U.S. large cap value and bonds.
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Creating a winning digital lending experience requires plenty of focus on the needs of customers and more. Biz2X Chief Product Officer Aaron Traub covers everything from how to create such an experience, areas to hone in on, pitfalls to avoid, and plenty more in this insightful article. Discover how to utilize new technology without alienating existing customers, what to emphasize when working on your platform, and how to utilize the data at your disposal while not becoming overly reliant on it.
Calculated Risk
OCTOBER 6, 2023
Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in September A brief excerpt: This is the first look at several early reporting local markets in September. I’m tracking about 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas. I’ll update these tables throughout the month as additional data is released.
Wealth Management
OCTOBER 6, 2023
Many top firms have their own CIOs and investment committees dedicated to studying the markets. Here’s how they’re investing right now.
Alpha Architect
OCTOBER 6, 2023
As discussed in Part 1 of this blog series, the Certified Financial Planner (CFPⓇ) exam can be a stressful and intimidating experience. With eight areas of content to cover – both as siloed financial knowledge and also as an integrated approach to building a comprehensive financial plan – it's important to be organized and intentional in your study efforts.
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