The Big Picture
JUNE 29, 2023
One of the most important aspects of becoming a good investor is creating a model of the world around you. To do this, you must have good decision-making skills, and the ability to make sense of incomplete and sometimes contradictory information. This is not easy. Indeed, it is often counterintuitive. What seems like an obvious market-moving data point or piece of news is very often already in the price.
Abnormal Returns
JUNE 29, 2023
Technology AI is making for a spate of new junk websites powered by programmatic ads. (technologyreview.com) The FTC thinks Amazon ($AMZN) customers are stupid. (stratechery.com) The many ways in which data brokers label you. (themarkup.org) The Internet is a beast that needs to be fed with content. (om.co) Water Can Utah's Great Salt Lake be saved?
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Nerd's Eye View
JUNE 29, 2023
For most financial advisory firm owners, ensuring that their business or practice is remunerative and that it can remain viable is often a key priority. And while there are many factors that help owners determine whether their firm is making enough money to profitably sustain itself, one common variable that can help them adjust their net revenue is the fee they charge to clients for financial planning services.
Abnormal Returns
JUNE 29, 2023
Companies Overstock.com is going all-in on the Bed Bath & Beyond name. (theinformation.com) Downtown retail has more than just a crime problem. (bloomberg.com) AI Why AI is worthy of the 'mega-trend' title. (institutionalinvestor.com) AI is going to have a mixed effect on Google ($GOOGL). (barrons.com) Where is the new wave of customer-focused AI 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 Big Picture
JUNE 29, 2023
My morning train WFH reads: • Gold Is No Longer a Good Hedge Against Bad Times : The precious metal has become just another cyclical asset, no longer a useful harbinger of social and economic collapse. ( Bloomberg ) • AI’s Winners, Losers and Wannabes : An NVIDIA Valuation, with the AI Boost! ( Musings on Markets ) • For Trend-Setting Family Offices—and Those Following Their Lead—Timing Is Key : Investors are sensing a regime shift in the market but capturing it will take careful planning.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Pragmatic Capitalism
JUNE 29, 2023
It’s been over 10 years since I published Understanding the Modern Monetary System, one of the most widely read papers in the SSRN research database.
Calculated Risk
JUNE 29, 2023
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from economist Danielle Hale: Weekly Housing Trends View — Data Week Ending June 24, 2023 • Active inventory growth stalled completely, with for-sale homes lagging behind year ago levels for the first time in 59 weeks. As mortgage rates surged in 2022, buyers saw costs soar, and a large number of shoppers reoriented their housing plans.
Advisor Perspectives
JUNE 29, 2023
Real gross domestic product increased at an annual rate of 2.0% in Q1 2023, according to the third estimate. This is slower than the Q4 2022 GDP third estimate of 2.6% growth but faster than the initial estimate of 1.1% growth and the second estimate of 1.3% growth.
Calculated Risk
JUNE 29, 2023
The DOL reported : In the week ending June 24, the advance figure for seasonally adjusted initial claims was 239,000 , a decrease of 26,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 264,000 to 265,000. The 4-week moving average was 257,500, an increase of 1,500 from the previous week's revised average.
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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
JUNE 29, 2023
Trends indicate that there is still demand for quality assets and much of the cap rate increases we’re seeing are being inflated by inferior assets.
Calculated Risk
JUNE 29, 2023
From the NAR: Pending Home Sales Shrunk 2.7% in May Pending home sales shrunk 2.7% in May from the previous month , according to the National Association of REALTORS®. Three U.S. regions posted monthly losses, while sales in the Northeast surged. All four regions saw year-over-year declines in transactions. “Despite sluggish pending contract signings, the housing market is resilient with approximately three offers for each listing,” said NAR Chief Economist Lawrence Yun, “The lack of housing inv
MarketWatch
JUNE 29, 2023
Fidelity Digital Assets has filed an application for a spot bitcoin exchange traded fund, after its previous filing was rejected by the U.S. Securities and Exchange Commission in 2022. Fidelity’s latest move follows similar filings by BlackRock, Invesco, Wisdom Tree, Valkyrie, and Bitwise. The SEC approved several bitcoin futures-based ETFs in the past, but has yet to greenlight anything that is backed by bitcoin itself.
Calculated Risk
JUNE 29, 2023
From the BEA: Gross Domestic Product (Third Estimate), Corporate Profits (Revised Estimate), and GDP by Industry, First Quarter 2023 Real gross domestic product (GDP) increased at an annual rate of 2.0 percent in the first quarter of 2023 , according to the "third" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.6 percent.
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
JUNE 29, 2023
Also, Wealthtender launches its Certified Consultant Program, eMoney Advisor integrates with MaxMyInterest, an exec moves from Nitrogen to Docupace and AcreTrader news.
Integrity Financial Planning
JUNE 29, 2023
It’s pretty easy to have a great time in retirement. You’re not working. You can focus on family and friends and do what you want. But you might find that without a plan, you feel a little aimless. If you’re looking to get the most out of retirement, what should you do? What strategies should you be using? Have an active social life When you’re working, it can be easy to just put your head down and focus on the maintenance of everyday life.
Wealth Management
JUNE 29, 2023
Commissioned by the U.S. House Committee on Appropriations, the study confirms views that mandatory arbitration agreements imposed by fiduciary-bound RIAs can unfairly limit clients' ability to seek legal remedies from wrongful actors.
MainStreet Financial Planning
JUNE 29, 2023
Social Security can be a confusing topic and everyone’s social security strategy is specific to their circumstances, life expectancy, financial situation, etc. The decision you make about when to file will impact the rest of your life and can make a difference worth thousands of dollars over your lifetime. Here are a few helpful facts, tips, and resources that can help you better understand Social Security benefits.
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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.
Wealth Management
JUNE 29, 2023
Also, Wealthtender launches its Certified Consultant Program, eMoney Advisor integrates with MaxMyInterest, an exec moves from Nitrogen to Docupace and AcreTrader news.
The Irrelevant Investor
JUNE 29, 2023
Today’s Compound and Friends is brought to you by Jack Carr’s “Only the Dead”: Thanks to Jack Carr’s “Only the Dead” for sponsoring this episode! See here to grab your Compound Summer Read. On today’s show, we discuss: From Hustle to Scale US Consumer Confidence Three Golf Stories About Investing Magic Mushrooms. LSD. Ketamine. The Drugs That Power Silicon Valley.
Wealth Management
JUNE 29, 2023
This quiz is based on actual questions from The Financial Planning Challenge.
A Wealth of Common Sense
JUNE 29, 2023
A reader asks: What’s the incentive here to buy AAA Corporate debt vs. just buying U.S. T-bills that are yielding slightly higher and are risk-free? Is this normal? I have good data from the Federal Reserve on AAA-rated corporate bond yields and 3-month T-bill yields going back to 1934. No, it is not normal for T-bills to yield more than corporate bonds: Out of the nearly 1,100 months in this data, T-bill yields we.
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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
JUNE 29, 2023
Checklists serve as a great starting point for systematizing your business.
MarketWatch
JUNE 29, 2023
The World Health Organization’s cancer research arm is poised to declare the artificial sweetener aspartame as “possibly carcinogenic to humans” as early as next month, Reuters reported, citing two sources with knowledge of the matter. Aspartame is used in products ranging from diet Coca-Cola to Mars’ Extra chewing gum and certain Snapple drinks. The move will be the first by the International Agency for Research on Cancer, or IARC, the news agency reported.
Wealth Management
JUNE 29, 2023
FiComm's Megan Carpenter shares advice on what it takes to impact organic growth via marketing.
MarketWatch
JUNE 29, 2023
Shares of Mullen Automotive Inc. MULN slipped 0.2% toward another record low in premarket trading Thursday, even after the electric-vehicle maker announced its first revenue recorded with the sale of 22 EV cargo vans. The company said the sale to Randy Automotive Group generated $308,000 in revenue, which will be recorded in company’s fiscal third-quarter, which ends June 30.
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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.
Wealth Management
JUNE 29, 2023
A trial-and-error approach to financial advisor acquisitions raises greater risks than ever.
MarketWatch
JUNE 29, 2023
The U.S. Supreme Court has ruled against race-conscious programs at universities, handing a win to a group that argued that the institutions shouldn’t consider race in evaluating applications for admission. The high court, which has a conservative majority, had been expected to return a decision that wasn’t favorable for affirmative action. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.
Wealth Management
JUNE 29, 2023
Fidelity will turn the six actively managed mutual funds into ETFs in Novembe
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