The Big Picture
JULY 18, 2022
Ignore the emojis in the headline long enough to ask yourself this question: What might the rest of 2022 look like ? I did that exercise last week in response to a client inquiry about the second half of the year. The context was excess cash looking for a good long-term home (not a trade). The question was not so much where to put the capital, but rather when to deploy it.
Nerd's Eye View
JULY 18, 2022
Amid estimates that nearly 40% of all financial advisors are likely to retire in the next 10 years, the need for a new generation of advisor talent is clear. To meet this challenge, CFP Board’s Center For Financial Planning has engaged in fundraising for several years to fuel campaigns that have focused on building the advisor workforce of the future.
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Abnormal Returns
JULY 18, 2022
Treasuries The MOVE index is at 2020-like levels. (axios.com) Investors are shunning the 20-year Treasury. (ft.com) Stock picking On the importance of researching stocks even when they are too expensive. (rationalwalk.com) When to sell a stock: a flowchart. (twitter.com) 60/40 Portfolio A reason why the 60/40 portfolio isn't working this time around.
The Reformed Broker
JULY 18, 2022
TONIGHT AT 5:30PM EST! On this special episode of Live from The Compound, Matthew Ball joins Josh Brown and Ben Carlson! Matthew Ball is the Managing Partner of EpyllionCo and a Venture Partner at Makers Fund. Tune in down below! He’s got a new book coming out on the metaverse and we’re going to ask him all about it. Find more from Matthew at: Twitter/BallMatthew matthewball.vc.
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
Abnormal Returns
JULY 18, 2022
Podcasts Daniel Crosby talks with Kristy Archuleta about the discipline of financial therapy. (standarddeviationspod.com) A talk with Tony and Dina Isola about the awful situation facing teachers saving for retirement. (ngpf.org) Christine Benz and Jeff Ptak talk with Justin Fitzpatrick who is the co-founder and chief innovation officer at Income Lab, which provides retirement planning software.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Clever Girl Finance
JULY 18, 2022
Managing your personal finances is an important task. However, lifestyle inflation can make it more difficult to keep your finances on track. Luckily, there are ways to work against lifestyle creep through intentional decision making. But what is lifestyle inflation and how can you avoid it in the first place? What is lifestyle inflation aka lifestyle creep?
NAIFA Advisor Today
JULY 18, 2022
The NAIFA-FL Financial Advisors Sales Symposium featured nationally known keynote speakers, insightful educational breakout sessions, and a high-powered panel discussion by members of NAIFA’s top national leadership, including President Lawrence Holzberg , LUTCF, LACP, President-Elect Bryon Holz , CLU, ChFC, LUTCF, CASL, LACP, Secretary Tom Cothron , LUTCF, FSCP, and CEO Kevin Mayeux , CAE.
Clever Girl Finance
JULY 18, 2022
These financial literacy books are linked via affiliate links that help us grow Clever Girl Finance! Please see our disclosures for more information. With all the resources online, it can be easy to overlook financial literacy books. However, books allow you the time to reflect as you read. Because they’re long-form, books are a great way to dive into topics you care about.
Financial Symmetry
JULY 18, 2022
Increasingly, we as investors want to incorporate sustainable companies and business practices into our lives. Fortunately, there are many areas of our lives where we can intentionally spend and direct our dollars to facilitate the change we want to see … Continued. The post Is ESG Investing Right For Me? appeared first on Financial Symmetry, Inc.
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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.
XY Planning Network
JULY 18, 2022
6 MIN READ. Although seemingly obvious, it’s worth saying—a firm isn’t a firm without clients. It can be tempting to think of your marketing activities as aside from your actual firm and what it is you do day to day. The truth is, as a firm owner, your success depends just as much on your ability to effectively communicate your value proposition with your ideal client as it does on you delivering that value.
Alpha Architect
JULY 18, 2022
Drawing on Italian tweets, we employ textual data and machine learning techniques to build new real-time measures of consumers’ inflation expectations. First, we select keywords to identify tweets related to prices and expectations thereof. Second, we build a set of daily measures of inflation expectations around the selected tweets, combining the Latent Dirichlet Allocation (LDA) with a dictionary-based approach, using manually labeled bi-grams and tri-grams.
Nationwide Financial
JULY 18, 2022
Thoughts. Equity markets are looking to bounce following a week that saw a loss for the S&P 500® Index of less than 1%. The last four weeks have seen two positive and two negative moves, and the S&P 500 is little changed over the past two months. Volatility is beginning to ease, with directional moves of 2% or less in the past three weeks following moves of 5% or greater in four of the previous five.
Don Connelly & Associates
JULY 18, 2022
It takes a lot of time, patience, and effort to move a prospect through the funnel to the point when they finally agree to meet with you. For every prospect that makes it that far probably six to nine fall by the wayside. That makes that first meeting ever so crucial. There's a lot that must be accomplished. It has to go perfectly. There's a minimal margin for error.
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.
Cornerstone Financial Advisory
JULY 18, 2022
Presented by Cornerstone Financial Advisory, LLC. A record-high inflation report, the prospects of a more aggressive Fed, and growing recession fears sent stocks lower– though losses were pared by a Friday rally. The Dow Jones Industrial Average slipped 0.16%, while the Standard & Poor’s 500 lost 0.93%. The Nasdaq Composite index dropped 1.57% for the week.
Sara Grillo
JULY 18, 2022
I’ve come to rescue you from the terrible financial advisor jobs pitched at you by recruiters at wirehouse, bank, and insurance company “training programs.” RUN AWAY. If you are a new advisor or are looking to get into the industry, listen to the story of Jon Luskin. His smart career decisions after university allowed him to avoid the being tortured and exploited in a wirehouse, bank, and insurance company financial advisor program.
NAIFA Advisor Today
JULY 18, 2022
In 2012, Nicholas Limongelli went into the family business and joined Northeast Financial Network. Now the Director of Insurance Brokerage, Limongelli helps his clients find the right disability insurance coverage and serves as a resource for other financial advisors who sell disability insurance.
Meb Faber Research
JULY 18, 2022
Episode #429: Kevin Kelly – How To Invest in Genetic Editing, Residential Real Estate, & The Hotel Industry Guest: Kevin Kelly is the founder & CEO of Kelly ETFs, where he’s responsible for ETF product design, structuring, managing retail and institutional investment research, and capital markets. Kevin is the Founder and CEO of Kelly Intelligence, […].
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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
JULY 18, 2022
Note: This is as of June 30th. From the MBA: Share of Mortgage Loans in Forbearance Decreases Slightly to 0.81% in June The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 4 basis points from 0.85% of servicers’ portfolio volume in the prior month to 0.81% as of June 30, 2022.
Trade Brains
JULY 18, 2022
Top 5 Sectors with the highest return: In the financial markets, there are hundreds of stocks that are trading, and the companies are engaged in different types of business. In the process of selecting the best stock one parameter to look for is the performance of the stock as compared to the sector or industry in which it is operating in. In this article, we will look at what sectoral indices are and the top 5 sectors with the highest return in the last five years Keep reading to find out!
Calculated Risk
JULY 18, 2022
Tuesday: • At 8:30 AM ET, Housing Starts for June. The consensus is for 1.586 million SAAR, up from 1.549 million SAAR in May. On COVID (focus on hospitalizations and deaths): Hospitalizations have almost quadrupled from the lows in April 2022. COVID Metrics Now Week Ago Goal New Cases per Day 2 ?? 122,639 110,404 ?5,000 1 Hospitalized 2 ?? 31,463 31,169 ?
Random Roger's Retirement Planning
JULY 18, 2022
For purposes of clarity I will use vol to refer to the asset class and volatility to refer to effect and impact. Making changes to client portfolios' overall volatility through the duration of a stock market cycle predates when I started blogging in 2004. The ways in which I do that have evolved over that time. Many years ago I made the very obvious observation that increasingly sophisticated investment products would make it easier for advisors and do-it-yourselfers to create very sophisticated
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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!
Norman Marks
JULY 18, 2022
If you have been reading this blog or my books, you know I have significant reservations about the concept of “an amount of risk” that would be acceptable in pursuit of objectives. However, I recognize the need for limits and policies when it comes to risk-taking. They help guide decision-makers on what risks and outcomes […].
oXYGen Financial
JULY 18, 2022
Mr. Money Mustache
JULY 18, 2022
As strange as it may sound, earning financial freedom is a lot easier for certain people than claiming that freedom once they have earned it. And if the following statement rings true to you, you may be suffering from this same hardship: “I think I’m close to having enough money to jump into early retirement, but not quite. So I’m just working one more year and starting one more side hustle and buckling down extra hard to be more certain.”.
David Nelson
JULY 18, 2022
By David Nelson, CFA CMT. Earnings season is an expectations game. I use the word game because in many ways that’s just what it is. Every sport has analysts who crunch the data coming up with point spreads, player health, weather, etc. Some are even able to make an informed guess on whether the runner on first is going try to steal second when the count is 3 & 2.
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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.
Cordant Wealth Partners
JULY 18, 2022
In this article, I’m sharing everything you need to know about how Restricted Stock Units (RSUs) are taxed. I’m also covering: What are RSUs. RSUs vs Options. Little-known RSU tax strategies. If you’re ready to master RSU taxes and avoid overpaying the IRS in 2022, this article is for you. KEY POINTS: RSUs are a popular form of stock compensation that are taxed as income as they vest.
The Big Picture
JULY 18, 2022
My back-to-work morning train WFH reads: • The World Economy Is Imperiled by a Force Hiding in Plain Sight : Well more than 2 years into the worst pandemic in a century, the accompanying economic shock continues to assault global fortunes. ( New York Times ). • People Have Money but Feel Glum—What Does That Mean for the Economy? Strong job market and savings have shielded consumer spending so far, but it is endangered by inflation that has some households running scared. ( Wall Street Journal )
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