The Big Picture
DECEMBER 5, 2022
I was working on a longer piece about which economic strata the Fed has the greatest impact on (its more complicated than you might think) when Invictus DM’d me this amazing FRED chart. We looked at this idea earlier this year , but it’s worth revisiting. Using data from the Federal Reserve, FRED analyzed 5 categories: Top 0.1%, the rest of the top 1%, the rest of the top 10%, the rest of the top 50%, and the bottom half.
The Reformed Broker
DECEMBER 5, 2022
I’m traveling this week (Houston here I come!) so I dug this one out of the archives because it’s one of the things I believe in even more now than when I wrote it a year ago. This post came out in October of 2021 at the height of NFT mania. I never really understood it. Collecting I get. Collecting things that can be infinitely copied and that you can’t hold in your hand?
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The Big Picture
DECEMBER 5, 2022
My back-to-work morning train WFH reads: • Wall Street’s 2023 Outlook for Stocks : There’s hundreds of pages of research and analysis that come with these strategists’ forecast. The general themes: Most Wall Street firms expect the U.S. economy to go into recession some time in 2023. Many believe forecasts for 2023 earnings have more room to get cut, and some believe those downward revisions mean lots of volatility for stocks in the early part of 2023. ( TKer ). • Burden of proof is on the
The Reformed Broker
DECEMBER 5, 2022
Next Friday, December 16th, we will be doing a live taping of The Compound and Friends at the Nasdaq Marketsite in Times Square for an intimate audience of fans and friends. And we’re bringing our pals from the On The Tape podcast along with us – that’s Dan Nathan, Guy Adami and Danny Moses. My whole podcast crew will be there t00 – Michael Batnick, Duncan, Nicole and John.
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.
Abnormal Returns
DECEMBER 5, 2022
Podcasts Rick Ferri talks estate planning with Ryan Barrett and Mike Piper. (bogleheads.podbean.com) Michael Kitces and Carl Richards talk about the opportunity and limits of advisor automation. (kitces.com) Philanthropy Why business owners are adopting 504(c)(4)s to maintain control while pursuing philanthropic goals. (bloomberg.com) Charitable giving strategies are as varied as the client.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Abnormal Returns
DECEMBER 5, 2022
Markets Small cap stocks stand out for their cheap valuations. (morningstar.com) Why have energy stocks and oil prices diverged? (compoundadvisors.com) Strategy Ben Carlson, "We’ve never seen a market environment like this where both stocks and bonds were crushed simultaneously." (awealthofcommonsense.com) A Q&A with Bob Pisani author of “Shut Up & Keep Talking: Lessons on Life and Investing from the Floor of the New York Stock Exchange.
Mish Talk
DECEMBER 5, 2022
Inflation stats from ECB, comments by Mish. The lead chart is from the ECB Measuring inflation – the Harmonised Index of Consumer Prices (HICP) Key Chart Points The lead chart shows October rates of inflation for all the Eurozone countries. The ECB base interest rate is 1.50 percent and the ECB has penciled in a rise to 2.0 percent on December 15. The overall euro area inflation rate rose to 10.6 percent in October from 9.9 percent in September.
Calculated Risk
DECEMBER 5, 2022
Active inventory decreased last week. Here are the same week inventory changes for the last four years ( usually inventory declines seasonally through the Winter ): 2022: -14.4K (somewhat smaller than the usual seasonal decrease in inventory) 2021: -24.5K 2020: -18.3K 2019: -24.9K Altos reports inventory is down 2.6% week-over-week and down 4.8% from the peak on October 28th.
Steve Feinberg
DECEMBER 5, 2022
For Immediate Release December 5, 2022. We’re pleased to announce that Appletree Business Services LLC merged with The Prestige Journal LLC. The Prestige Journal has grown quickly to become a leading provider of bookkeeping, tax, and fractional CFO services for entrepreneurs who are coaches, course creators, and content creators. . Andrew Davis and Josh Baurle, founders The Prestige Journal, said “ Appletree is a great accounting and consulting firm that fits the culture of our team and clients,
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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.
NAIFA Advisor Today
DECEMBER 5, 2022
In 2003, Kevin Bontrager hit a ceiling in his sales career. He wanted to help people in a more direct way, so he decided to become a financial advisor and created an independent firm. A few years later, Bontrager joined Randall Lehman, CLU ® , ChFC ® , AEP ® , RICP ® , and Rob Hayworth, CLU ® , ChFC ® , CASL ® , AEP ® , RICP ® , CFP ® , to create Summit Financial Group , a Northwestern Mutual Private Client Group.
Wealth Management
DECEMBER 5, 2022
Many real estate funds delivered above-inflation returns in 2022, reports FT Adviser. The Real Deal looks at the developers competing to build a casino in New York City. These are among today’s must reads from around the commercial real estate industry.
Advisor Perspectives
DECEMBER 5, 2022
Nobody is immune to fraud, and sometimes people simply fall for scams due to the psychological techniques employed by fraudsters. Often, especially this time of year, their strategies are meant to take advantage of our desire to give.
Calculated Risk
DECEMBER 5, 2022
These indicators are mostly for travel and entertainment. It was interesting to watch these sectors recover as the pandemic impact subsided. -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers. This data is as of December 4th. Click on graph for larger image. This data shows the 7-day average of daily total traveler throughput from the TSA for 2019 (Light Blue), 2020 (Black), 2021 (Blue) and 2022 (Red).
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
DECEMBER 5, 2022
Like Blackstone, Starwood is also limiting investor redemptions in one of its funds, Barron’s reported. Conferences are upping the bells and whistles to draw attendance in a work-from-home era, according to Vox. These are among today’s must reads from around the commercial real estate industry.
Advisor Perspectives
DECEMBER 5, 2022
Let’s look at the powerful feature set an advisory firm could put together from a collection of the higher-rated, low-market-share programs and solutions that I’ve collected from past surveys, many of which you may not even be aware of.
Integrity Financial Planning
DECEMBER 5, 2022
On their surfaces, index funds and mutual funds may seem interchangeable. Both offer diversification of assets and are commonly invested in a basket of stocks that aim to meet a certain investment goal. However, there are many key distinctions that separate an index fund from a mutual fund – distinctions that may be crucial to your portfolio of retirement investments.
Wealth Management
DECEMBER 5, 2022
Developers are still building plenty of units in New York City, but the rental market remains tight with thousands of rent stabilized units held off the market.
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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.
Clever Girl Finance
DECEMBER 5, 2022
I’ve always fancied the idea of working from home and having a career that I actually liked. Although I’ve had many jobs that I excelled at, let’s be honest, they were not what I wanted to do for the rest of my life. I decided to see what career choices were available that I could do from home, and found out how to become a virtual assistant with no experience.
Wealth Management
DECEMBER 5, 2022
Vadim Zlotnikov, the president of Fidelity Institutional Asset Management Solutions for almost three years, has been named as his replacement.
Darrow Wealth Management
DECEMBER 5, 2022
Donating appreciated stock to charity can be a great way to give back and reduce your tax bill. Taxpayers who itemize get a tax deduction for the market value of the stock. Unlike regular stock sales, when giving stock, there’s no capital gain. The charity receives the full value of the stock (usually in cash). For taxpayers with highly appreciated securities and a desire to give back, it’s a win-win.
Wealth Management
DECEMBER 5, 2022
More than 55 transactions have been terminated this year as the market sours on speculative industries, particularly the SPAC market.
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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!
A Wealth of Common Sense
DECEMBER 5, 2022
Today’s Talk Your Book is brought to you by StepStone: See here to learn more about investing in StepStone Private Wealth strategies and here for disclosure information On today’s show, we are joined by Bob Long, CEO of StepStone Private Wealth to give us an update on all things Private markets. On today’s show we discuss: Private equity valuations Can you time private markets?
Advisor Perspectives
DECEMBER 5, 2022
This commentary has been updated to include Friday's release of Nonfarm Employment. November saw a 263K increase in total nonfarm payrolls. The unemployment rate remained at 3.7%. The Investing.com consensus was for 200K jobs gained.
XY Planning Network
DECEMBER 5, 2022
4 MIN READ. The end of the year marks a feeling of accomplishment and celebration for another successful year in business. As client meetings have a tendency to slow down for the holidays, it’s a great time to work on the business - evaluating what worked and didn’t work for you over the past year to ensure you’re well-prepared to continue leading your business in the coming year.
eMoney Advisor
DECEMBER 5, 2022
There’s no denying that couples argue about money. As a financial professional helping couples plan for the future, you have likely experienced the discomfort that can occur when conflict arises. By understanding and anticipating that they will be exposed to these situations during their career, financial professionals can employ practices from relationship counseling to address them when they happen.
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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
DECEMBER 5, 2022
November marked the second consecutive month of total return growth for the FTSE All Equity REIT index.
Meb Faber Research
DECEMBER 5, 2022
Cambria Fund Profile Series – Cambria Asset Allocation ETFs (GAA) (GMOM) (TRTY) Host: Meb Faber is Co-Founder and Chief Investment Officer of Cambria Investment Management. Meb has authored numerous books, whitepapers and blog posts, and is the host of The Meb Faber Show podcast. Run-Time: 20:36 Summary: In today’s episode of the Cambria Fund Profile Series, […].
Wealth Management
DECEMBER 5, 2022
Some especially important decisions occur at the point of initial enrollment.
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