The Big Picture
SEPTEMBER 13, 2023
This year, we lost one of Wall Street’s brightest lights. Beginning in 1974, and over the next 50 years of investing, Laszlo Birinyi closely watched the markets. He was one of the market’s most insightful observers and served clients with great distinction. He was a Truth-teller, especially about how people allowed financial Media to affect their emotions, and was unusually frank about his fellow strategists and Wall Street salespeople.
Nerd's Eye View
SEPTEMBER 13, 2023
For many financial advisors, encouraging new prospects to "think it over" at the end of an initial meeting can seem like a gentle way to offer the prospect space to decide whether the relationship will be right for them, while at the same time, keeping the advisor from feeling that they may be coming across too aggressively by making an immediate sales pitch.
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Abnormal Returns
SEPTEMBER 13, 2023
Autos Ben Carlson and Michael Batnick talk with CarDealershipGuy about the state of the American car market. (theirrelevantinvestor.com) Peter Lazaroff talks with Jesse Cramer about the math behind car ownership. (peterlazaroff.com) Retirement How retirement can open you up to new possibilities. (humbledollar.com) Some tips on how to boost your spending in retirement.
Wealth Management
SEPTEMBER 13, 2023
The same private equity players fueling RIA consolidation are likely to next set their sights on the fragmented universe of advisory firm tech vendors, according to a discussion among industry executives at last week’s “Wealthies” Awards' executive forums.
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Financial institutions continue to look to quantify the impact of new technologies. Meanwhile, business lending technologies have grown more popular in the industry. However, understanding the impact of said technologies means understanding how to increase your revenue while decreasing your costs. This is key for the growth of your organization. Biz2X created this eBook to analyze the ROI of business lending platforms and learn about the short-term and long-term benefits of said platforms.
Fintoo
SEPTEMBER 13, 2023
Highlights Issue Size –: 108,738,095 shares Issue Open/Close – Sept 14 / Sept 18, 2023 Price Band (Rs.) 119 – 126 Issue Size- 13,701 mn Face Value (Re.) 1 Lot Size (shares) 119 Samhi Hotels Limited is a prominent branded hotel ownership and asset management platform in India. As of 31st March 2023, the Company […] The post Samhi Hotels IPO (Avoid) appeared first on Fintoo Blog.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
SEPTEMBER 13, 2023
The BLS reported on this morning: The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 3.4 percent over the last 12 months to an index level of 301.551 (1982-84=100). For the month, the index increased 0.6 percent prior to seasonal adjustment. CPI-W is the index that is used to calculate the Cost-Of-Living Adjustments (COLA).
Advisor Perspectives
SEPTEMBER 13, 2023
Bitcoin's price inched down from last week, marking the fourth consecutive weekly decline. Nevertheless, BTC remains up ~55% year to date. Here's the latest charts on three of the largest cryptocurrencies by market share through 9/12.
Trade Brains
SEPTEMBER 13, 2023
Mukesh Ambani Investment in Startups : Reliance Industries, the most valuable corporation in India based on market value, is being managed by Mukesh Ambani as chairman and managing director. He is the wealthiest person in Asia and the 13th richest person in the world as of August 2023, with an estimated net worth of $91.2 billion. Top 5 Startups that Mukesh Ambani has Invested in: Mukesh Ambani Investment in Startups #1 – Dunzo In January 2022, Reliance Industries invested INR 1490 crore i
Validea
SEPTEMBER 13, 2023
By Justin Carbonneau ( Twitter | LinkedIn | YouTube ) — Netflix has a new documentary out on Centenarians ( Live to 100: Secrets of the Blue Zones ) – individuals who live to 100+ years old – and areas of the world with there are high density clusters of centenarians, called Blue Zones. The host of the film, Dan Buettner is author of the book “ The Blue Zones Secrets for Living Longer: Lessons From the Healthiest Places on Earth ”.
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.
Calculated Risk
SEPTEMBER 13, 2023
Today, in the Calculated Risk Real Estate Newsletter: Part 1: Current State of the Housing Market; Overview for mid-September A brief excerpt: Interestingly, new home inventory is close to a record percentage of total inventory. This graph uses Not Seasonally Adjusted (NSA) existing home inventory from the National Association of Realtors® (NAR) and new home inventory from the Census Bureau ( only completed and under construction inventory ).
Wealth Management
SEPTEMBER 13, 2023
The Wealthies 2023 rising stars include a TikTok influencer, multiple RIA CEOs, a digital marketing savant and more.
Brown Advisory
SEPTEMBER 13, 2023
The Equity Beat: Can the Swift Economy Remain on Stage? bgregorio Wed, 09/13/2023 - 04:16 In August, superstar singer and entertainer Taylor Swift completed the first leg of her Eras tour in Los Angeles, performing 52 dates through 20 U.S. cities over the past few months. Despite causing Ticketmaster’s (owned by Live Nation Entertainment) website to crash last November due to overwhelming traffic, ticket revenue from Ms.
Wealth Management
SEPTEMBER 13, 2023
This framework can aid in wealth accumulation and help business-owner clients attract and retain top talent.
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Generative AI (Artificial Intelligence) is poised to revolutionize the world of business lending. By understanding the impact and possibilities of Generative AI in business lending, banks can stay ahead of the curve and make informed decisions. Generative AI has the potential to revolutionize how lenders make credit decisions, automate loan processes, and provide personalized customer experiences.
Advisor Perspectives
SEPTEMBER 13, 2023
Incorporating debt planning into your services helps your clients achieve a more comprehensive and sustainable financial future.
Wealth Management
SEPTEMBER 13, 2023
It will use artificial intelligence to help identify tax discrepancies and trigger audits.
Calculated Risk
SEPTEMBER 13, 2023
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 0.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 8, 2023. This week’s results included an adjustment for the Labor Day holiday. The Market Composite Index, a measure of mortgage loan application volume, decreased 0.8 percent on a seasonally adjusted basis from one week earlier.
Advisor Perspectives
SEPTEMBER 13, 2023
This month, the Census Bureau released its annual report on household income data for 2022. Last year the median (middle) average household income fell by 2.3% to $74,580. Let's take a closer look at the quintile averages, which dates from 1967, along with the statistics for the top 5%.
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Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!
Meb Faber Research
SEPTEMBER 13, 2023
Episode #499: Kevin Carter, EMQQ Global – India is Happening NOW Guest: Kevin Carter is the Founder & Chief Investment Officer of EMQQ Global. While he principally considers himself an active “value” investor, he has collaborated with Princeton economist and indexing legend, Dr. Burton G. Malkiel, for more than 20 years. Date Recorded: 8/30/2023 | […] The post Episode #499: Kevin Carter, EMQQ Global – India is Happening NOW appeared first on Meb Faber Research
Wealth Management
SEPTEMBER 13, 2023
Open, honest and candid discussions about the latest news in the RPA industry.
A Wealth of Common Sense
SEPTEMBER 13, 2023
Today’s Animal Spirits is brought to you by YCharts: See here for YCharts latest product enhancement webinar covering the proposal tool with RWM COO Nick Maggiulli and here for a month of free access with YCharts! On today’s show, we discuss: Apple tests limits for most expensive iPhones AI – The hot stocks of the decade? Tropical Bros Shirts: See here for Animal Spirits x Tropical Bros shirts and he.
Wealth Management
SEPTEMBER 13, 2023
These funds saw the most activity over the past 30 days.
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Digital transformation is a key component in improving the customer experience in an ever-changing landscape. Digital transformation in account opening is the integration of streamlined processes to enhance the customer journey. This is a great way for banks to stay competitive, as they can offer an improved experience that leads to higher customer satisfaction.
Advisor Perspectives
SEPTEMBER 13, 2023
The median US income in 2022 was $74,580, up from $22,420 in 1984 — a 233% rise over the 38-year time frame. However, if we adjust for inflation chained in 2022 dollars, the 1984 median is $56,780, and the increase drops to 31%.
Calculated Risk
SEPTEMBER 13, 2023
Here are a few measures of inflation: The first graph is the one Fed Chair Powell had mentioned earlier when services less rent of shelter was up 7.6% year-over-year. This has fallen sharply and is now up 3.1% YoY. Click on graph for larger image. This graph shows the YoY price change for Services and Services less rent of shelter through July 2023.
Advisor Perspectives
SEPTEMBER 13, 2023
The Consumer Price Index for Urban Consumers (CPI-U) released for August puts the year-over-year inflation rate at 3.67%. The latest reading keeps inflation below the 3.75% average since the end of the Second World War for the third straight month. However, inflation remains above the 10-year moving average which is now at 2.67%.
Trade Brains
SEPTEMBER 13, 2023
Zaggle Prepaid Ocean Services IPO Review : Zaggle Prepaid Ocean Services is coming with its Initial Public Offering and it will be listed on NSE and BSE. The IPO will be open for subscription on September 14, 2023, and closes on September 18, 2023. In this article, we will look at Zaggle Prepaid Ocean Services IPO review, analyze the company, look at its strengths and weaknesses and see what unfolds.
Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC
In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.
Advisor Perspectives
SEPTEMBER 13, 2023
I've updated this series to include the August release of the consumer price index as the deflator and the monthly employment update. The latest hypothetical real (inflation-adjusted) annual earnings are at $49,010, down 8.1% from over 50 years ago. Hourly earnings are below their all-time high after adjusting for inflation.
Steve Sanduski
SEPTEMBER 13, 2023
Guest: Louis Barajas , an author, speaker, CFP®, an the CEO and founder of International Private Wealth Advisors , where he serves as a wealth manager for influential Latin celebrities, athletes, executives, and other high-net-worth individuals in the entertainment and sports industries. Louis also serves as the founder and CEO of Business Management Lab , where he provides comprehensive business management services for iconic Latin artists.
Advisor Perspectives
SEPTEMBER 13, 2023
Headline inflation rose for a second straight month in August while core inflation continued to cool. According to the Bureau of Labor Statistics, the headline figure for the Consumer Price Index increased to 3.7% year-over-year from 3.2% in July. The latest reading is slightly higher than the expected 3.6% annual increase. The core CPI reading was consistent with expectations at 4.3%, a slow down from 4.7% in July.
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