The Big Picture
JULY 2, 2023
Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The Military Recruiting Crisis: Even Veterans Don’t Want Their Children to Join : Pentagon scrambles to retain the main pipeline for new service members as disillusioned families steer young people away. ( Wall Street Journal ) • Middle America’s ‘doom loop’ Work from home is crushing Midwestern downtowns ( Business Insider ) see also St.
Abnormal Returns
JULY 2, 2023
Top clicks this week Four strategies to keep from overspending. (humbledollar.com) There is only one true portfolio benchmark. (awealthofcommonsense.com) The optimist's case for the next few decades. (notboring.co) "Die With Zero" recommends a very different trajectory than traditional personal finance. (forbes.com) The Misery Index is falling rapidly.
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A Wealth of Common Sense
JULY 2, 2023
I have a hot take that’s been pre-heating in the over for a while that goes like this: The Big Short by Michael Lewis has lost investors more money than the last 3 bear markets combined. Allow me to explain. We’ve all read (or watched the movie) about the band of misfits who made a contrarian bet against the housing market and made a fortune.
Abnormal Returns
JULY 2, 2023
Strategy The best investors stay humble. (behavioralvalueinvestor.substack.com) The Japanese stock market bubble did not come without some long term costs. (econsoapbox.com) Harry Markowitz Lessons learned from Harry Markowitz. (evidenceinvestor.com) Why Markowitz chose the risk measure he did. (humbledollar.com) A tribute to Harry Markowitz. (carsongroup.com) Apple Goldman Sachs ($GS) wants to cut its ties with Apple' ($AAPL) consumer credit business.
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.
Wealth Management
JULY 2, 2023
While much of the sector continues to be dominated by small owners/operators, its solid property fundamentals, credit tenants and low capital expenditures are beginning to bring in institutional money.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Million Dollar Round Table (MDRT)
JULY 2, 2023
By Matt Pais, MDRT Content Specialist Toward the beginning of his 2015 MDRT Annual Meeting ConneXion Zone presentation, Seth Groff of Assurity Life cited Voltaire’s quote about judging people by their questions, not their answers. If clients judged you as an advisor based on your questions, what would they say? To help develop the way members communicate with clients and prospects, Groff recommended these three questions: “What do you want to be true at the end of this experience?
Advisor Perspectives
JULY 2, 2023
When OpenAI’s Sam Altman spoke to U.S. senators in May, he made a startling admission. He didn’t really want people to use ChatGPT. “We’d love it if they use it less,” he said. The reason? “We don’t have enough GPUs.
Random Roger's Retirement Planning
JULY 2, 2023
Barron's wrote about boomers having too much equity exposure for being on the cusp of retiring or being newly retired. They are making a sort of sequence of return risk point. The article featured four advisors and what they say to clients who have too much in equities. It seemed like one of the advisors answered with a sort of sales pitch, one guy is a total jerk and the other two, regardless of whether you agree with them or not, sincerely tackled the question.
Calculated Risk
JULY 2, 2023
Weekend: • Schedule for Week of July 2, 2023 Monday: • At 10:00 AM ET, ISM Manufacturing Index for June. The consensus is for the ISM to be at 47.2, up from 46.9 in May. • Also, at 10:00 AM, Construction Spending for May. The consensus is for a 0.5% increase in construction spending. • Late in the day, Light vehicle sales for June. The consensus is for light vehicle sales to be 15.3 million SAAR in June, up from 15.1 million in May (Seasonally Adjusted Annual Rate).
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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.
Clever Girl Finance
JULY 2, 2023
Retail therapy might be your old standby, but that doesn’t mean it always has to be. Instead, consider a more minimalist and timeless wardrobe to protect your budget and your closet space. Whether you go for a strict capsule wardrobe, choose to become a fashion minimalist, or simply invest in better items less often, your budget will love the refresh.
Advisor Perspectives
JULY 2, 2023
Exchange-traded funds are certainly popular with investors—here’s a look at how they can coexist in harmony with other investment vehicles, from David Mann, Head of ETF Product & Capital Markets.
oXYGen Financial
JULY 2, 2023
Advisor Perspectives
JULY 2, 2023
The US is about to conduct a perilous economic experiment: In September, some 45 million borrowers will have to restart payments on student loans after three and a half years on hold.
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.
Trade Brains
JULY 2, 2023
Top Penny Stocks Under Rs 1: Many investors look forward to investing in penny stocks in the hopes of multi-bagger gains. As a bull market rages in an economic upcycle, many penny stocks rise from micro-cap to small-cap, resulting in multi-fold gains for the investors. However, a quick search on Trade Brains Portal tells us that there are some 1,750 companies under the Rs 250 market cap.
Advisor Perspectives
JULY 2, 2023
India is rapidly transforming into a formidable global superpower and an increasingly attractive destination for investor capital. Amid rising geopolitical tensions and the impact of disruptive technologies, India's story is a beacon of opportunity in a challenging landscape.
Advisor Perspectives
JULY 2, 2023
For decades, rich countries have urged developing countries to shift away from fossil fuels while failing to heed their own advice or offer meaningful funding. Kenyan President William Ruto’s recent call to establish a new “global green bank” is the sort of thoughtful proposal that developed countries must seriously consider.
Advisor Perspectives
JULY 2, 2023
One crystal-clear pattern has emerged. Everyone wants real-world, specific examples of how AI can and can’t enter into an advisor’s, investor’s, or creator’s workflow.
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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
JULY 2, 2023
In this article, we take a deeper look into three key housing releases from the past week: existing home sales, building permits, and housing starts. By examining this data, we gain valuable insights into the current state of the housing market and the broader economy.
Advisor Perspectives
JULY 2, 2023
Central bankers think they can handle a situation and fire the artillery. It always has an effect… but ultimately it is rarely the effect they wanted. Doing nothing at all might have been better but that wasn’t an option. They’re trapped in an endless spiral of intervention.
Advisor Perspectives
JULY 2, 2023
Economies are struggling to shake off effects of COVID.
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