The Big Picture

AUGUST 30, 2023

Morningstar blames “mistimed purchases and sales;” Carl Richards calls it the “ Behavior Gap.” Vanguard’s Fran Kinnery describes the cure as “ Advisors Alpha.” Whatever phrase you select, the persistent gap between investors’ performance and the assets they hold is a substantial drag on returns. I mention this in case you missed this Morningstar report “ Mind the Gap: A report on investor returns in the U.S. ” on the topic; it snuck by during the dog days of summer.

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Assets Investing Investments Taxes 243

Abnormal Returns

AUGUST 30, 2023

Podcasts Peter Lazaroff talks with Tyler Olsen about strategically paying down student debt. (peterlazaroff.com) Captain FI talks financial independence with Jonathan Clements. (captainfi.com) Frazer Rice talks longevity and aging with Phil Pearlman of the Pearl Institute. (open.spotify.com) Morgan Housel on the difference between intelligence and smarts.

Financial Advising 212

Financial Advising Retirement Insurance Banking 212

Nerd's Eye View

AUGUST 30, 2023

Non-compete agreements (where a company prohibits an employee from working for competitors, at least for a certain period of time) are often used to help companies protect their investment in the employee (e.g., the time and money spent training the employee) as well as preventing the employee from taking the company's best practices to a new job at a competitor.

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Clients Communication Financial Planning Planning 192

Abnormal Returns

AUGUST 30, 2023

Strategy Why the low interest rate era has come to an end. (ft.com) Generating alpha is more than just stock selection. (flyoverstocks.com) Who is to blame for the behavior gap? (ritholtz.com) ETFs 2023 is on track for a record number of ETF closures. (wsj.com) The SEC's logic in the Grayscale case was flawed. (ft.com) Economy The labor market is not all that tight.

Financial Advising 196

Financial Advising Media Economy Numbers 196

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.

Accounting

The Reformed Broker

AUGUST 30, 2023

Final Trades: Alphabet, Transocean & more from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.

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Calculated Risk

AUGUST 30, 2023

From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 25, 2023. The Market Composite Index, a measure of mortgage loan application volume, increased 2.3 percent on a seasonally adjusted basis from one week earlier.

Marketing 113

Marketing Marketing 113

Trade Brains

AUGUST 30, 2023

Williams Fractal Indicator : The price movement of the security help traders to identify opportunities in future directions with the help of technical analysis tools. Trending markets are best suited to take long or short position for better profits. Among all the indicators, one of the technical indicators to use in trending markets is the Williams Fractal indicator.

Banking 104

Banking Marketing Marketing Portfolio 104

Calculated Risk

AUGUST 30, 2023

Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 3.9% Below Peak; Price-to-rent index is 7.6% below recent peak Excerpt: It has been over 17 years since the bubble peak. In the June Case-Shiller house price index released yesterday, the seasonally adjusted National Index (SA), was reported as being 65% above the bubble peak in 2006.

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Advisor Perspectives

AUGUST 30, 2023

China's economy may have spillover effects on global economic and earnings growth, but it's unlikely to lead to global financial contagion and send stock markets materially lower.

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Economy Economics Marketing Marketing 98

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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.

Banking

Clever Girl Finance

AUGUST 30, 2023

A laundromat is an interesting business idea that has been around for decades. Since laundry seems to be a ubiquitous chore in most households, it could be a worthwhile opportunity to build a business around it. If you want to give this tried and true business strategy a spin, keep reading to find out how to buy a laundromat. Table of contents How to buy a laundromat Expert tip: Remember passive income takes time Is buying a laundromat a good idea?

Investing 93

Investing Investments Valuation Management 93

A Wealth of Common Sense

AUGUST 30, 2023

Today’s Animal Spirits is brought to you by Advisor Shares: See here for more information on Advisor Shares Dorsey Wright Short ETF On today’s show, we discuss: Powells Jackson Hole Speech: Bad news for 60/40 investors Dollar-cost averaging in a bear market My husband just retired. I’m scared to death of running out of money. The exact age when you make your best financial decisions Zillow home loans.

Retirement 84

Retirement Marketing Marketing 84

Wealth Management

AUGUST 30, 2023

The agency urges maintaining robust security measures to protect clients.

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Clients 120

Advisor Perspectives

AUGUST 30, 2023

The New York Times, Wall Street Journal, New York Magazine and The Economist have all piled on, questioning Solomon’s performance in his day job as chief executive officer of Goldman Sachs Group Inc.

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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.

Financial Advice

Wealth Management

AUGUST 30, 2023

Open, honest and candid discussions about the latest news in the RPA industry.

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Advisor Perspectives

AUGUST 30, 2023

The second estimate for Q2 GDP came in at 2.1%, an increase from 2.0% for the Q1 third estimate. With a per-capita adjustment, the headline number is lower at 1.60%, a slight increase from 1.56% for the Q1 headline number.

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Numbers 69

Calculated Risk

AUGUST 30, 2023

From the Las Vegas Visitor Authority: July 2023 Las Vegas Visitor Statistics With the highest July Occupancy since before the pandemic, Las Vegas visitation surpassed 3.5M visitors, approximately 1% ahead of last July. Overall hotel occupancy reached 85.2% for the month (+1.8 pts YoY) as Weekend occupancy reaching 92.6% (+1.5 pts YoY), and Midweek occupancy reached 82.2%, surpassing last July by 3.1 pts.

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Advisor Perspectives

AUGUST 30, 2023

Real gross domestic product increased at an annual rate of 2.1% in Q2 2023, according to the second estimate. The latest estimate is slower than the expected 2.4% growth but is a faster pace than the Q1 2023 GDP final estimate of 2.0%.

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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.

Banking

Calculated Risk

AUGUST 30, 2023

From the BEA: Gross Domestic Product, Second Quarter 2023 (Second Estimate) and Corporate Profits (Preliminary) Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the second quarter of 2023 , according to the "second" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.0 percent.

Government 66

Government Economics Investing Investments 66

Advisor Perspectives

AUGUST 30, 2023

The National Association of Realtors® (NAR) released the latest monthly data for its pending home sales index. The latest index unexpectedly edged higher to 77.6, representing a 0.9% increase from last month. This is the second straight month pending home sales have increased and is higher than the expected -0.6% decline. Pending home sales are down 14.0% compared to one year ago.

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Sales 64

Meb Faber Research

AUGUST 30, 2023

Episode #497: Ulrike Hoffmann-Burchardi, Tudor Investments – AI, Digital, Data & Disruptive Innovation Guest: Ulrike Hoffmann-Burchardi is a Portfolio Manager at Tudor Investment Corporation where she oversees a global equity portfolio inside Tudor’s flagship fund focusing on Digital, Data & Disruptive Innovation. Recorded: 8/17/2023 | Run-Time: 44:23 Summary: In today’s episode, she starts by lessons learned […] The post Episode #497: Ulrike Hoffmann-Burchardi, Tudor

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Investing Investments Portfolio Management Portfolio 63

Wealth Management

AUGUST 30, 2023

But was it worth the cost of getting a the private letter ruling?

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Distribution 103

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Accounting

Calculated Risk

AUGUST 30, 2023

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 235 thousand initial claims, up from 230 thousand last week. • At 8:30 AM, Personal Income and Outlays, July 2023. The consensus is for a 0.3% increase in personal income, and for a 0.7% increase in personal spending.

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Management 61

Wealth Management

AUGUST 30, 2023

They’re always a good idea, whether required or not.

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Advisor Perspectives

AUGUST 30, 2023

Real gross domestic product (GDP) is comprised of four major subcomponents. In the Q2 GDP second estimate, three out of the four components made positive contributions and one component made negative contributions.

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Wealth Management

AUGUST 30, 2023

Spouse can qualify for marital deduction.

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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.

Communication

Advisor Perspectives

AUGUST 30, 2023

News that a Washington DC Court of Appeals ruled in favor of Grayscale Investments LLC over the Securities and Exchange Commission has ignited hope that a Bitcoin exchange-traded fund will soon be available. Bitcoin prices jumped.

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Commission Investing Investments 59

NAIFA Advisor Today

AUGUST 30, 2023

NAIFA is saddened to learn that member William John Kalmer of Wauwatosa, WI, passed away August 22, 2023. After graduating from Marquette University and serving as a medic in both the Army and Air Force, Kalmer began his 51-year career in the insurance and financial service industry. He was a highly successful agent for Connecticut Mutual, MassMutual, and Partners Financial.

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Medical Financial Services Insurance 52

Advisor Perspectives

AUGUST 30, 2023

Bitcoin's price soared over 6% yesterday after the U.S. Court of Appeals ruled in favor of Grayscale to convert its flagship fund to a bitcoin ETF. BTC is now up ~66% year to date. Here's the latest charts on three of the largest cryptocurrencies by market share through 8/29.

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Marketing Marketing 59