The Big Picture
AUGUST 9, 2023
My RWM colleagues Josh Brown and Michael Batnick do a bang-up job each week diving into the specifics of the newsflow in What Are Your Thoughts? Don’t miss my favorite chart from this week’s discussion 46 minutes deep into the episode ; its from Bank of America by way of Batnick (above). All of the fall-off surrounding the 8% pullback in S&P 500 profits — literally, more than 100% of it — is due to the huge drop in energy profits.
Abnormal Returns
AUGUST 9, 2023
Podcasts Christine Benz and Jeff Ptak talks with Manisha Thakor about her new book ”MoneyZen: The Secret to Finding Your “Enough.” (morningstar.com) Peter Lazaroff talks with John Jennings, author of "The Uncertainty Solution" about how to invest with confidence in inherently uncertain markets. (peterlazaroff.com) Fraud How an empty lot was sold without the owner's knowledge or consent.
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The Big Picture
AUGUST 9, 2023
My mid-week morning train WFH reads: • Short Seller Hindenburg Nabs Tiny Gains Off $173 Billion Carnage : Nate Anderson has wiped out as much as $99 billion from three billionaires’ wealth this year. ( Bloomberg ) • Inflation and the cost of tighter monetary policy Data on the financial burden of US households. What would the costs have been if rates had not risen?
Abnormal Returns
AUGUST 9, 2023
Strategy Every investment strategy has multiple 'points of failure.' (blog.validea.com) There's only one way to make money on gloom-and-doom forecasts. (klementoninvesting.substack.com) Why are market cap weighted indices hard to beat for managers? (behaviouralinvestment.com) Crypto Why PayPal ($PYPL) is planning to offer a stablecoin. (vox.com) David Rubenstein on his Bitcoin regrets.
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.
Advisor Perspectives
AUGUST 9, 2023
Personal consumption growth rates are showing signs of fatigue. Given it consistently accounts for more than two thirds of economic activity, it's worth exploring the state of the consumer.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Fintoo
AUGUST 9, 2023
Highlights Issue Size – 46,298,759 – 44,670,050 shares Issue Open/Close – Aug 10/Aug 14, 2023 Price Band (Rs.) 187-197 Issue Size- Rs 8,660 – 8,800 mn Face Value (Re.) 1 Lot Size (shares) 76 TVS Supply Chain Solutions Ltd (TVS SCSL) is India’s largest and one of the fastest growing integrated supply chain solutions providers […] The post TVS Supply Chain Solutions Ltd IPO (Subscribe) appeared first on Fintoo Blog.
Trade Brains
AUGUST 9, 2023
MRF Vs Balkrishna Industries : What does Virat Kohli, one of the most famous and celebrated cricketers of India, have in common with a Bollywood superstar who portrayed Kapil Dev in 83? Answer – They’re both brand ambassadors of competing companies. And not just any companies, specifically, tyre manufacturers. We’re talking about MRF and Balkrishna Industries (BKT).
Calculated Risk
AUGUST 9, 2023
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 3.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 4, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased 3.1 percent on a seasonally adjusted basis from one week earlier.
Integrity Financial Planning
AUGUST 9, 2023
The difficult thing about “financial freedom” as a concept is that many people define it in a vague way. Most people think of it as not having to worry about money and being able to have the things they want without having to scrimp and save for them. But there are all sorts of things that cause worry in regard to our money: mortgage payments, credit card debt, or how much money is in our retirement account.
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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
AUGUST 9, 2023
The president and COO of Commonwealth Financial Network discusses the strategies and principles that have helped the firm build relationships with advisors.
XY Planning Network
AUGUST 9, 2023
Discover cutting-edge advice-engagement tech at XYPN LIVE 2023 Each year, XYPN puts out the call for tech companies releasing the most innovative technology for financial advisors to share what they’ve been working on. Once again, they’ve answered! Real financial planning will always be a collaboration between the advisor and their client, and getting clients to engage and change their behavior can often be an advisor’s biggest challenge.
AdvicePay
AUGUST 9, 2023
Many financial advisors grapple with the idea of focusing on a niche. You may fear that narrowing your target market will limit your opportunities for growth and success. However, research and experience show that the opposite is true. Focusing on a niche can actually lead you to accelerated growth and a more impactful presence in your target market.
Wealth Management
AUGUST 9, 2023
With interest set to start accruing again after a three-year pause, some are getting ready to zero out their balances.
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.
A Wealth of Common Sense
AUGUST 9, 2023
Today’s Animal Spirits is brought to you by YCharts: Submit your email here to receive 20% off a YCharts subscription for new clients On today’s show, we discuss: Even when the stock market goes up it still goes down On the ‘course’ to a new normal Dalio says the $73t great wealth transfer isn’t just from boomers to millennials – it’s from the government to you and me Amer.
Wealth Management
AUGUST 9, 2023
Most workers lack the money and time to invest enough in the stock market. The US government has plenty of both.
Advisor Perspectives
AUGUST 9, 2023
If you are paying for any of the following garbage, get the scissors and snip it out of your budget.
Wealth Management
AUGUST 9, 2023
Bipartisan Senate proposal also provides de minimis exclusion from gross income for use of crypto assets.
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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.
Ron A. Rhodes
AUGUST 9, 2023
Before choosing specific securities (stocks, bonds, mutual funds, etc.), a preliminary step in portfolio design is discerning the investment strategies that should be utilized.
Wealth Management
AUGUST 9, 2023
The Secrets to Unlocking Growth and Ongoing Success - Wednesday, August 23, 2023 | 2:00 PM ET
Ron A. Rhodes
AUGUST 9, 2023
OVERVIEW: THE PRUDENT INVESTOR RULE The Uniform Prudent Investor Act (UPIA) (1995), adopted in some form by all 50 states, applies to the investment of private trust funds.
Wealth Management
AUGUST 9, 2023
New York’s top law enforcement office is looking into “brokerage execution quality” at Robinhood.
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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!
XY Planning Network
AUGUST 9, 2023
Discover cutting-edge advice-engagement tech at XYPN LIVE 2023 Each year, XYPN puts out the call for tech companies releasing the most innovative technology for financial advisors to share what they’ve been working on. Once again, they’ve answered! Real financial planning will always be a collaboration between the advisor and their client, and getting clients to engage and change their behavior can often be an advisor’s biggest challenge.
Wealth Management
AUGUST 9, 2023
Open, honest and candid discussions about the latest news in the RPA industry.
Advisor Perspectives
AUGUST 9, 2023
The SouthernSun Small Cap fund (symbol: SSSIX) is up 13.5% this year, versus 10.33% for its Morningstar small-blend peer group. Last year was even more impressive, when it was down only -1.37%, versus its peer group, which was down -16.24%, putting SSSIX in the first percentile of that peer group. It has approximately $400 million in assets and is a highly concentrated portfolio, with only 21 holdings as of March 31, 2023.
Wealth Management
AUGUST 9, 2023
Privilege and presumed power often can cause an all-too-avoidable ruckus.
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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.
Calculated Risk
AUGUST 9, 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 236 thousand initial claims, up from 227 thousand last week. • Also at 8:30 AM, The Consumer Price Index for July from the BLS. The consensus is for a 0.2% increase in CPI, and a 0.2% increase in core CPI.
Wealth Management
AUGUST 9, 2023
Third Circuit reviews Pennsylvania law on gifts “causa mortis.
Tobias Financial
AUGUST 9, 2023
Are you new to investing and feeling overwhelmed by all the jargon? Don’t worry, you’re not alone! In a recent MarketWatch article, our CEO Marianela Collado, CPA/PFS, CFP®, CDS® offered her insights on whether or not you should hire a financial advisor and how to find the right advisor for your needs. The biggest advantage of having a financial advisor is having someone to guide you and help you avoid costly investing mistakes.
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