Abnormal Returns
NOVEMBER 1, 2023
Podcast Noah Kagan talks with Morgan Housel author of "Same as Ever: A Guide to What Never Changes." (noahkagan.com) Peter Lazaroff on how to research a firm using it's Form ADV. (peterlazaroff.com) Khe Hy talks with Sarah Chappell about the challenges of walking away from good money. (podcasts.apple.com) Dan Haylett talks with Mike Drak about better retirement lifestyle design.
Nerd's Eye View
NOVEMBER 1, 2023
There are many tax planning strategies that allow financial advisors to demonstrate the ongoing value they provide to clients in exchange for the fees they charge. Part of this value is understanding the detailed nuances that make a strategy effective and implementing it correctly, avoiding issues with the IRS down the line. For instance, while backdoor Roth conversions are a well-known strategy, many individuals have either missed the opportunity to use it and/or implemented it incorrectly R
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Abnormal Returns
NOVEMBER 1, 2023
October 2023 The returns to major asset classes in October 2023. (capitalspectator.com) The S&P 500 was returned -2.10% in October 2023, which outperformed. (on.spdji.com) Rates The Treasury market has become the hot new market. (bloomberg.com) Muni bond issuance has slowed to a crawl. (finance.yahoo.com) TIPS are looking ever more attractive. (etf.com) Companies Retailers are blaming organized theft as an excuse to close stores.
The Big Picture
NOVEMBER 1, 2023
Hey, it’s November! (How did that happen?) My mid-week morning train WFH reads: • The pandemic has broken a closely followed survey of sentiment: Americans’ opinions about the state of the economy have diverged from reality : Americans are gloomy about the state of the economy. Since the covid-19 pandemic began, consumer sentiment has been in the doldrums, hitting its lowest level ever in June 2022.
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 Irrelevant Investor
NOVEMBER 1, 2023
Leading Economic Indicators have been warning us of a recession for a long time. They’ve been negative on a year-over-year basis for 15 straight months, which is the second-longest streak of negative readings. Despite all the warnings and despite the Fed trying to slow the economy, it continues to march on: The unemployment rate has been below 4% for twenty straight months.
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Advisor Perspectives
NOVEMBER 1, 2023
Quick take : At the end of October, t he inflation-adjusted S&P 500 index price was 118% above its long-term trend, down from September. About the only certainty in the stock market is that, over the long haul, over-performance turns into underperformance and vice versa. Is there a pattern to this movement? Let's apply some simple regression analysis to the question.
Trade Brains
NOVEMBER 1, 2023
10 Best Stocks With Over 1000% Returns : Over the last few years, India has witnessed a remarkable transformation in its economic landscape under the leadership of Prime Minister Narendra Modi. His government’s pro-business policies, regulatory reforms, and commitment to bolstering the nation’s financial markets have generated a surge in investor interest and confidence.
Wealth Management
NOVEMBER 1, 2023
Effective later this year, FCASH will be the only sweep account option for all new, non-retirement brokerage accounts opened by custody clients.
Discipline Funds
NOVEMBER 1, 2023
The Fed has raised rates at an unprecedented pace in the last 18 months. And while it seems like they’ve been raising rates for a long time the reality is that they were playing catch up for those first 12 months and policy finally started getting tight in the last 6 months. This can be best visualized in this chart which is a rough approximation of how loose/tight the Fed has been over the last few years.
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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.
Wealth Management
NOVEMBER 1, 2023
The deal represents the latest example of Choreo partnering with a CPA firm that owns an RIA firm.
Alpha Architect
NOVEMBER 1, 2023
In this episode host Belle Osvath, CFP® talks with Doug Pugliese who is the Head of 1042 QRP Strategies at Alpha Architect. They discuss 1042 exchanges which allow the owner of a closely held C-Corp to sell their equity to an employee stock purchase plan and defer long-term capital gains as long as they rollover the proceeds into a qualified investment.
Calculated Risk
NOVEMBER 1, 2023
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 2.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 27, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.1 percent on a seasonally adjusted basis from one week earlier.
Meb Faber Research
NOVEMBER 1, 2023
Episode #506: Radio Show with Corey Hoffstein: Roaring Kitty, Bitcoin ETF & T-Bill and Chill Guest: Corey Hoffstein is co-founder and chief investment officer of Newfound Research, which offers a full suite of tactically risk-managed ETF portfolios. Date Recorded: 10/25/2023 | Run-Time: 1:30:20 Summary: In today’s episode, Meb & Corey talk about whether topics are overhyped […] The post Episode #506: Radio Show with Corey Hoffstein: Roaring Kitty, Bitcoin ETF & T-Bill a
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.
Wealth Management
NOVEMBER 1, 2023
The rules on using email with encryption in certain instances also were updated.
A Wealth of Common Sense
NOVEMBER 1, 2023
Today’s Animal Spirits is brought to you by Kaplan Schweser: See here to save 10% on Kaplan Schweser CFA exam prep materials On today’s show, we discuss: Gross Domestic Product, third quarter 2023 estimate The U.S. Economy is booming (for now). What does it mean? The American boom GDPNow – Federal Reserve of Atlanta Auto loan delinquencies: What do they really mean?
Advisor Perspectives
NOVEMBER 1, 2023
Here is the latest update of a popular market valuation method, Price-to-Earnings (P/E) ratio, using the most recent Standard & Poor's "as reported" earnings and earnings estimates, and the index monthly average of daily closes for the past month. The latest trailing twelve months (TTM) P/E ratio is 22.1 and the latest P/E10 ratio is 28.7.
Clever Girl Finance
NOVEMBER 1, 2023
What is credit, how does credit work, and why is it important? When it comes to making big purchases like buying a home or financing a business, knowing and understanding your credit is super important! Find out all you need to know about credit here! Table of contents What is credit and what makes up your score? Two types of credit How your credit score is calculated Expert tip: Credit isn’t everything Key tips to build and maintain your credit 3 Common credit myths What is a simple defin
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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.
Advisor Perspectives
NOVEMBER 1, 2023
The latest job openings and labor turnover summary (JOLTS) report showed that job openings were little changed in September from August's downwardly revised level. Vacancies inched up to 9.553 million, higher than the expected 9.250 million vacancies.
Wealth Management
NOVEMBER 1, 2023
These funds saw the most activity over the past 30 days.
Advisor Perspectives
NOVEMBER 1, 2023
The Institute for Supply Management (ISM) manufacturing purchasing managers index (PMI) fell to0 46.7 in October. The latest figure marks the 12th straight month the index has been in contraction territory after a 29-month period of growth dating back to June 2020. The October reading was below the forecast of 46.7.
Calculated Risk
NOVEMBER 1, 2023
Fed Chair Powell press conference video here or on YouTube here , starting at 2:30 PM ET. FOMC Statement: Recent indicators suggest that economic activity expanded at a strong pace in the third quarter. Job gains have moderated since earlier in the year but remain strong, and the unemployment rate has remained low. Inflation remains elevated. The U.S. banking system is sound and resilient.
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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!
Wealth Management
NOVEMBER 1, 2023
Open, honest and candid discussions about the latest news in the RPA industry.
Calculated Risk
NOVEMBER 1, 2023
From the BLS: Job Openings and Labor Turnover Summary The number of job openings changed little at 9.6 million on the last business day of September, the U.S. Bureau of Labor Statistics reported today. Over the month, the number of hires and total separations changed little at 5.9 million and 5.5 million, respectively. Within separations, quits (3.7 million) and layoffs and discharges (1.5 million) changed little. emphasis added The following graph shows job openings (black line), hires (dark bl
Wealth Management
NOVEMBER 1, 2023
Some financial planners are recommending clients buy the largest cryptocurrency — in moderation.
Advisor Perspectives
NOVEMBER 1, 2023
The Q Ratio is the total price of the market divided by the replacement cost of all its companies. The latest Q-ratio is at 1.47, down from 1.53 in September.
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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.
Trade Brains
NOVEMBER 1, 2023
Bear Condor Strategy : Options trading provides traders with various strategies to capitalize on different market conditions, from bullish to bearish and even in a range-bound period. This article explores one of the most common bearish-biased options strategy, the Bear Condor strategy. We shall expand the knowledge of the option strategy by understanding the working structure with an example.
Advisor Perspectives
NOVEMBER 1, 2023
Bitcoin finished October up ~29% from September and is now up ~107% year to date. Here's the latest charts on three of the largest cryptocurrencies by market share through 10/31.
Trade Brains
NOVEMBER 1, 2023
Adhaar Data : You might have heard about the massive data leak in India making headlines. It’s possibly the biggest ever in Indian history. Resecurity, a US-based cybersecurity firm, reported that personal data of 81.5 crore Indians are on sale on the dark web. So, what’s in this leaked data, and who’s behind it? Well, the data on sale contains personal info including Aadhaar and passport details, names, contact details, temporary and permanent addresses, gender, age, district and state names, p
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