Sun.Aug 21, 2022

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Why People Make Dumb Financial Decisions on Purpose

A Wealth of Common Sense

There was a question posed on Twitter this week that caused a stir among finance people: A 50% chance of winning $50 million would equate to an expected value of $25 million. Why would you take $1 million against an expected payout value of $25 million? That doesn’t make any sense. If you understand probabilities, you hit the green button. Easy right?

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How to find all the clients you want

Million Dollar Round Table (MDRT)

By Antoinette Tuscano You may be a genius financial advisor, but without clients, you won’t be a successful financial advisor. A dynamic marketing strategy is critical to attracting the clients you can best serve. In the following three MDRT videos, you’ll find a variety of ideas to keep your prospecting pipeline flowing and your schedule full: Gain clients through media exposure.

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[cdata[ What You Need to Know Regarding the Inflation Reduction Act ]]

oXYGen Financial

![CDATA[ As you may have seen the government passed a bill and while it's intended to target inflation it will have a much wider impact on other areas including your own life. See below for a breakdown of some the key changes that are to come of this new bill. · Energy Climate Change Tax Credit Installing energy-efficient windows, heat pumps, solar panels, or newer appliances.

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How Will You Pay for Long-Term Care in the Future?

Integrity Financial Planning

Even though you’re a long time away from needing long-term care, now is the time to plan. An estimated 70% of Americans currently age 65 will need long-term care at some point, and costs can be staggering. 14 If you have a 70% chance of needing long-term care, you should think about how you would like to receive it and how you’ll pay for it in the future.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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Used Vehicle Wholesale Prices Decreased 3.6% in First Half of August; Goldman Sees Sharp Decline in User Car PCE Inflation

Calculated Risk

First, from Goldman Sachs economists: One wildcard for the core goods outlook is used car prices—particularly after the 3.6% drop in Manheim used car auction prices in the first half of August (mom sa). Coupled with the July rebound in auto production to late 2020 levels, we now expect used car PCE inflation to fall from +4% in June to -11% year-on-year in December From Manheim Consulting: Wholesale Used-Vehicle Prices Decline in First Half of August Wholesale used-vehicle prices (on a mix-, mil

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Is Dry Powder in the CRE Space Ready to Move Off the Sidelines?

Wealth Management

Funds and REITs that built up massive war chests are taking steps to make deals despite current uncertainties over optimal real estate pricing.

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13 Ways to Create a Vision for Your Business and Life

Elevating Your Business

There are many ways to create a vision statement for your life and business. Below are just a few more methods to keep your vision at the forefront of your life. Your vision is not made of stone. Please don’t hold on to a vision that is no longer serving you. Visions change – a. The post 13 Ways to Create a Vision for Your Business and Life appeared first on Female Financial Advisor Coach Consultant for Women.

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Soundbites

David Nelson

David weighs in on some of the pressing issues investors are facing just in front of the Fed’s Jackson Hole Retreat.

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Adani Ports Fundamental Analysis – Competitive Advantage, Future Plans & More

Trade Brains

Adani Ports Fundamental Analysis: The rise of Gautam Adani to the world’s fourth richest person surprises many. The prices of most Adani Group companies have skyrocketed in recent years. One such feather in his cap has been Adani Ports and Special Economic Zone. Over the last two years, it has given a multibagger return of 130% as the stock rallied from ?

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2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.

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Sunday Night Futures

Calculated Risk

Weekend: • Schedule for Week of August 21, 2022 Monday: • At 8:30 AM ET, Chicago Fed National Activity Index for July. This is a composite index of other data. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 11 and DOW futures are down 63 (fair value). Oil prices were down over the last week with WTI futures at $89.62 per barrel and Brent at $95.60 per barrel.

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How To Get Paid To Read Books And More!

Clever Girl Finance

Have you ever thought about if you can get paid to read? If you said yes, then keep reading! We’ll discuss how you can earn money by reading books. And if you have a good speaking voice, you can also get paid to read books aloud! This digital world we are all part of can be amazing. There are so many opportunities to earn money , you just have to know what you’re looking for and where to look.

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Sunday links: hating uncertainty

Abnormal Returns

Strategy Narrative always follows price, not the other way. (awealthofcommonsense.com) Investors make big mistakes when trying to outperform. (fortunesandfrictions.com) “If you could tell a sophisticated finance audience one thing, what would it be?” (thekcpgroup.com) Crypto Why the Ethereum merge is such a big deal. (avc.com) The FDIC doesn't appreciate it when crypto firms imply they have coverage.

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TikTok

The Big Picture

You’ve got no choice. That’s what Prof G, i.e. Scott Galloway, said on his podcast. There are two podcasts featuring Galloway. One is Pivot, with Kara Swisher, the other is The Prof G Pod, which is his alone. You can read about Galloway here: Is Scott Galloway the Howard Stern of the Business World? Scott is absent from the Pivot podcast this month, so don’t tune in.

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Banking on Loyalty: Holistic Financial Advice for Unparalleled Business Growth

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.

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Top clicks this week on Abnormal Returns

Abnormal Returns

Also on the site The age of exchange traded funds and the launch of single-bond ETFs. (abnormalreturns.com) Top clicks this week Ben Carlson, "Here’s a little secret about investing the pros will never admit — you don’t have to predict the future to be successful in the markets." (awealthofcommonsense.com) Why would a16z invest so much, so soon, in Adam Neumann's new thing?

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10 Sunday Reads

The Big Picture

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • How the IRS Was Gutted : An eight-year campaign to slash the agency’s budget has left it understaffed, hamstrung and operating with archaic equipment. The result: billions less to fund the government. That’s good news for corporations and the wealthy. ( ProPublica ). • The New Era of Political Violence Is Here : The danger is not organized civil war but individual Americans with deep resentments and delus