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.

Financial Planning 224

Financial Planning Sales Planning Financial Advisor 224

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.

Media 218

Media Clients Investing Investments 218

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.

Math 144

Math Retirement Retail Banking 144

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).

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Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.

Planning

Discipline Funds

SEPTEMBER 13, 2023

Inflation bumped modestly higher in the August reading of CPI to a rate of change of 3.7%, up from 3.3%. 1 This is well off the high of 8.9% in June of 2022, but also well above the Fed’s 2% inflation target. Core inflation has been a bit stickier at 4.4%, but also well off the high of 6.6% from last September. Core CPI has been stickier in large part because services inflation hasn’t come down while headline CPI has dropped sharply in response to much lower goods inflation.

Economics 106

Economics Marketing Marketing 106

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

Startup 105

Startup Investing Investments Retail 105

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.

Marketing 104

Marketing Marketing 104

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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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 ”.

Investing 98

Investing Investments Financial Guidance Retirement Planning 98

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

Sales

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.

Economy 98

Economy Clients Economics Investing 98

Wealth Management

SEPTEMBER 13, 2023

The Wealthies 2023 rising stars include a TikTok influencer, multiple RIA CEOs, a digital marketing savant and more.

Marketing 125

Marketing Marketing 125

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.

Marketing 83

Marketing Marketing 83

Advisor Perspectives

SEPTEMBER 13, 2023

Incorporating debt planning into your services helps your clients achieve a more comprehensive and sustainable financial future.

Debt Management 98

Debt Management Management Clients Planning 98

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Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

Accounting

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.

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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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Wealth Management

SEPTEMBER 13, 2023

It will use artificial intelligence to help identify tax discrepancies and trigger audits.

Taxes 117

Taxes 117

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.

Food 70

Food Accounting Economics 70

Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a

Numbers

Wealth Management

SEPTEMBER 13, 2023

This framework can aid in wealth accumulation and help business-owner clients attract and retain top talent.

Wealth Accumulation 111

Wealth Accumulation Clients 111

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

Investing 69

Investing Investments Marketing Marketing 69

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%.

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Wealth Management

SEPTEMBER 13, 2023

Open, honest and candid discussions about the latest news in the RPA industry.

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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.

Banking

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%.

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Random Roger's Retirement Planning

SEPTEMBER 13, 2023

A phrase that Tadas Viskanta attributed to Khe Hy. It means what you think it means, extra return for more effort and the fulcrum point at which the extra effort is not worth the extra return. I've quantified this point before with the following example of an active trader with a $1 million account. This person could make trading his account a full time job in pursuit of beating the market.

Portfolio 70

Portfolio Accounting Financial Planning Marketing 70

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.

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Wealth Management

SEPTEMBER 13, 2023

These funds saw the most activity over the past 30 days.

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Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!

Management

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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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.

Banking 59

Banking Management Healthcare Accounting 59

Calculated Risk

SEPTEMBER 13, 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 212 thousand initial claims, down from 216 thousand last week. • Also at 8:30 AM, Retail sales for August will be released. The consensus is for a 0.1% increase in retail sales. • Also at 8:30 AM, The Producer Price Index for August from the BLS.

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Retail Sales 57