The Big Picture
MAY 8, 2023
There’s an old joke about a hypochondriac who is constantly complaining to his doctor about his many numerous, mysterious ailments. The Doc runs a full battery of tests, and delivers the bad news to the patient: “ Unfortunately, everything is okay… ” And that seems to be the same way many of today’s glass half-empty investors are digesting information about the markets.
Nerd's Eye View
MAY 8, 2023
Traditionally, financial advice and tax preparation have existed as 2 related, but separate, services. Besides the fact that many financial advisors don’t hold the necessary credentials (e.g., CPA, EA, or JD) to prepare tax returns and represent clients before the IRS, there has also been the impression that there is simply not enough time for one person to do both.
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The Big Picture
MAY 8, 2023
My back-to-work morning train WFH reads: • How Sam Bankman-Fried Peddled a Story Everyone Wanted to Believe : In an excerpt from his upcoming book, Axios’s Brady Dale explores “what we think we know” about Sam Bankman-Fried, FTX, and the crypto industry. ( Institutional Investor ) • Where to Invest in Real Estate Now : Four experts offer timely ideas on where — and whether — to invest in this messy market. ( Bloomberg ) • 2023 World Changing Ideas Awards : Fast Company’s annual World Changing Id
Abnormal Returns
MAY 8, 2023
Podcasts Michael Kitces talks with Jake Northrup, Founder of Experience Your Wealth, about scaling his practice. (kitces.com) David Armstrong talks with Larry Swedroe of Buckingham Strategic Wealth about how he talks with advisers about investing topics. (wealthmanagement.com) Daniel Crosby talks with Michael Thomas Jr. about building 'financial empathy.
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.
Calculated Risk
MAY 8, 2023
From the Federal Reserve: The April 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices The April 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the first quarter of 2023.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Trade Brains
MAY 8, 2023
Understanding what is Options Trading: Options are one of the highly traded financial instruments and darling of the big traders and investors. However, for beginners, understanding what is options trading is one of the biggest difficulties because of its complexity (which comes by nature) and the difficult jargon used by the experts. In this article, we’ll discuss exactly what is options trading and how it works with the help of a few examples.
Wealth Management
MAY 8, 2023
IRS scrutiny over who qualifies as a real estate professional is a constant. Recent court decisions serve as a strong reminder of the substantiation required to qualify as a real estate professional.
Getting Your Financial Ducks In A Row
MAY 8, 2023
Photo credit: jb Medigap policies come in many flavors. If you’ve done any reading in this area at all, you’ve probably come to realize that the whole thing is a messy alphabet soup… and it’s really, really hard to figure it all out. If you want more details on the choice between Medigap and Medicare Advantage plans, see the article Medicare Supplements versus Medicare Advantage Plans.
Wealth Management
MAY 8, 2023
The largest commercial real estate brokerage firms reported quarterly losses and forecast more struggles ahead, reports Bisnow. Bain Capital is raising a $4 billion special situations fund that aims to invest in a range of assets, including real estate. These are among the must reads from around the real estate investment world to end the week.
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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.
Trade Brains
MAY 8, 2023
Fundamental Analysis of KPIT Technologies: The mid-cap company KPIT Tech. has rallied close to 70% in the last twelve months while the other IT giants’ shares went nowhere. What makes this company so special and different from other IT players as it trades at a price-to-earnings ratio of 67? What are its future plans? We’ll attempt to answer these questions and many others in our fundamental analysis of KPIT Technologies.
Calculated Risk
MAY 8, 2023
From Matthew Graham at Mortgage News Daily: Mortgage Rates Jump to Highest Levels Since Last Monday Mortgage rates moved noticeably higher to start the new week--high enough that you'd have to go back to last Monday to see anything higher. That's the bad news. The good news is that rates are in the midst of their flattest trend in a long time. This is true both in a broad sense going back to Q4 2022 and a more recent/narrow sense going back to mid-March.
Zoe Financial
MAY 8, 2023
Market Drama Featuring Zoe CEO & Founder, Andres Garcia-Amaya, CFA May 8, 2023 Watch Time: 4 minutes Welcome to this week’s Market Drama! The S&P 500 was up 1.9 for the week%, meaning it’s up 8% year-to-date. Nasdaq was up 2.3% for the week and is now up 18% year-to-date. Economic Data: April’s growth came in at 253,000, above expectations.
Calculated Risk
MAY 8, 2023
Here is another monthly update on framing lumber prices. This graph shows CME random length framing futures through May 8th. Lumber is currently at $356 per 1000 board feet. This is down from the peak of $1,733, and down 57% from $827 a year ago. Prices are below the pre-pandemic levels of around $400. Click on graph for larger image. There is somewhat of a seasonal demand for lumber, and lumber prices usually peak in April or May.
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
MAY 8, 2023
FINRA settled the charges with the firm and Donnie Ingram, claiming that Centaurus failed to properly supervise the recommendations Ingram was making to clients.
Calculated Risk
MAY 8, 2023
Today, in the Calculated Risk Real Estate Newsletter: Lawler: American Homes 4 Rent Net Seller of Single-Family Homes Last Quarter Brief excerpt: Housing economist Tom Lawler brings us some interesting data from American Homes 4 Rent. Last week, Lawler discussed Invitation Homes Net Seller of Single-Family Properties for Second Straight Quarter and also provided statistics from eight public builders): American Homes 4 Rent Net Seller of Single-Family Homes Last Quarter; Rent Growth Slowed but Re
Wealth Management
MAY 8, 2023
Healthcare and residential REITs led the way with gains over 4% in April. Some other segments were down 2% during the month.
Advisor Perspectives
MAY 8, 2023
Financial cracks from rate hikes have led to jitters over commercial real estate. Yet granularity is key. We see opportunities in some U.S. industrial properties.
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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.
MarketWatch
MAY 8, 2023
The New York Times Co. NYT will receive around $100 million from Alphabet Inc.’s GOOGGOOGL Google in a deal announced earlier this year that would put the media outlet’s content on Google News and other platforms, the Wall Street Journal reported on Monday. That sum, which Google will pay out over three years, wasn’t disclosed by the Times when it announced the arrangement this year, the Journal said.
Wealth Management
MAY 8, 2023
The promise of high returns — whether true or not — has encouraged retirement funds to pour money into PE investments, with terrible results.
Integrity Financial Planning
MAY 8, 2023
You may know plenty about the differences between traditional IRAs and Roth IRAs, as well as the risks to your IRAs in this market, but what happens to an IRA (or other retirement account) that still has money in it when its owner passes away? You may think that the beneficiary just gets all the money in the account, but unfortunately, it’s not that simple.
XY Planning Network
MAY 8, 2023
Let's talk compliance. Eek! Sometimes that one word has the power to make financial advisors break out in a sweat. Many advisors—especially those who haven't managed their own compliance previously—can feel like it's the "monster in the closet." But it doesn't need to be! Here at XYPN, we have a dedicated team of compliance experts available to help with everything from initial registration to preparing for an RIA audit.
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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
MAY 8, 2023
Lessons learned from recent defined contribution plan litigation.
Advisor Perspectives
MAY 8, 2023
The biggest risk to a planner/client relationship lasting through the client’s lifetime can be the adult children the client has appointed to hold their power of attorney.
MarketWatch
MAY 8, 2023
Tyson Foods Inc. TSN stock fell 7.5% in premarket trades Monday after the meat producer posted a surprise second-quarter loss. Tyson Foods said it lost $49 million, or 28 cents a share, from net income of $1.16 billion, or $2.28 a share, in the year-ago quarter. The company’s adjusted loss was 4 cents a share, falling well short of the Wall Street estimate for net income of 79 cents a share.
Wealth Management
MAY 8, 2023
The star is fighting back against a notice of deficiency.
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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.
MarketWatch
MAY 8, 2023
The U.S.-listed shares of Immuron Ltd. IMRN powered up 66.3% toward a one-year high in premarket trading Monday, after the Australia-based biopharmaceutical company said the U.S. Food and Administration has removed a clinical hold on the Investigational New Drug (IND) application for its diarrhea treatment. The removal of the hold allows the U.S. Naval Medical Research Center (NMRC) to proceed with its plans to evaluate of the oral therapeutic developed in collaboration with Immuron to prevent i
Advisor Perspectives
MAY 8, 2023
Multiple jobholders account for 4.8% of civilian employment. The survey captures data for four subcategories of the multi-job workforce, the relative sizes of which we've illustrated in a pie chart.
MarketWatch
MAY 8, 2023
Western Digital Corp. WDC shares shifted between slight losses and gains in the extended session Monday after the data-storage device company’s results came in better than expected but its forecast didn’t. Western Digital shares hovered between a 2% loss and a 2% gain after hours, following a 2.2% gain in the regular session to close at $34.18.The company reported a third-quarter loss of $572 million, or $1.82 a share, versus net income of $25 million, or 8 cents a share, in the year-ago period.
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