Abnormal Returns
FEBRUARY 1, 2024
January 2024 How major asset classes performed in January 2024. (capitalspectator.com) The S&P 500 was in positive territory for the month, in contrast with small and mid caps. (on.spdji.com) Strategy Overconfidence is a killer for investors. (collabfund.com) Four steps to build a no-fuss portfolio including eliminating redundant accounts. (morningstar.com) Bitcoin Will spot Bitcoin ETFs follow the path of gold ETFs?
The Irrelevant Investor
FEBRUARY 1, 2024
Today’s Compound and Friends is brought to you by BlackRock: See here for more information on BlackRocks iShares Bitcoin Trust On today’s show, we discuss: New York Community Bancorp stock plunges 38%, reigniting fears for regional banks Mark Zuckerbergs reported $100M compound in Hawaii Listen here: Charts: Tweets: Worst Fed day for the stock market since March 2023 (and fourth-worst.
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Abnormal Returns
FEBRUARY 1, 2024
Books An excerpt from "Stress Resets: How to Soothe Your Body and Mind in Minutes" by Jenny Taitz. (wsj.com) A Q&A with Kyle Chayka author of "Filterworld: How Algorithms Flattened Culture." (npr.org) An excerpt from "Get the Picture: A Mind-Bending Journey Among the Inspired Artists and Obsessive Art Fiends Who Taught Me How to See" by Bianca Bosker.
A Wealth of Common Sense
FEBRUARY 1, 2024
A reader asks: I work in the construction industry and I’m always trying to spread a little financial literacy to my coworkers. Whenever I see a young guy getting ready to drop $70k on a new pickup I try to show them what that money could become if they invested in index funds instead. I like to call it “sequence of spending risk” Of course this rarely works so I thought having the experts comment could.
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.
Wealth Management
FEBRUARY 1, 2024
Private equity firm Charlesbank, which also owns a stake in Lido Advisors, will be a majority owner of the firm; the capital will be used to invest in Rise Growth's targeted RIAs.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
FEBRUARY 1, 2024
What does it take to thrive in the ultra-competitive wealth management world? Gary Furukawa and Erik Morgan of Freestone Capital share how their success is driven by creating unique solutions around serving clients, training their team, building the business and managing investments.
NAIFA Advisor Today
FEBRUARY 1, 2024
February, the month of love, brings with it a unique opportunity to express our deepest affections in the most meaningful way possible. Life Happens, a devoted advocate for financial protection and security and NAIFA's consumer outreach arm, spearheads Insure Your Love Month every February. This initiative serves as a reminder that one of the most profound demonstrations of love is ensuring the financial safety of our loved ones.
MainStreet Financial Planning
FEBRUARY 1, 2024
During recent conversations, I’ve come across several people unfamiliar with the concept of fee-only financial planning, let alone considering it as a feasible choice. To shed light on this, I want to articulate the distinctive approach we use at MainStreet Financial Planning. At MainStreet Financial Planning, every member of our dedicated team is proudly affiliated with the Garrett Planning Network (GPN).
Alpha Architect
FEBRUARY 1, 2024
Full exposure to domestic equities. Full exposure to international equities. Partial exposure to REITs. No exposure to commodities. Partial exposure to intermediate-term bonds. DIY Trend-Following Allocations: February 2024 was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
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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
FEBRUARY 1, 2024
The acquisitions of AndCo and Fourth Street will almost double firm assets and establish Mariner’s institutional business.
Calculated Risk
FEBRUARY 1, 2024
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report: Weekly Housing Trends View — Data Week Ending January 27, 2024 • Active inventory increased, with for-sale homes 10.1% above year ago levels. For a 12th consecutive week, active listings registered above prior year level, which means that today’s home shoppers have more homes to choose from that aren’t already in the process of being sold.
Wealth Management
FEBRUARY 1, 2024
Canter will support RIA outreach for the digital alternative investments platform CAIS.
Calculated Risk
FEBRUARY 1, 2024
Wards Auto released their estimate of light vehicle sales for January: U.S. Light-Vehicle Sales Soften in January After December's Strength (pay site). Causes for the month’s weaker results could have included some payback for December’s surge. However, affordability and inventory likely played roles, as availability remains well below historically normal levels for a market running at a 15-million-plus annualized rate, and at the same time interest rates for financing purchases are at long-time
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
FEBRUARY 1, 2024
The 10-member Lewis Wealth Partners is Rockefeller’s first team in Richmond, Va.
Calculated Risk
FEBRUARY 1, 2024
From the Census Bureau reported that overall construction spending increased: Construction spending during December 2023 was estimated at a seasonally adjusted annual rate of $2,096.0 billion, 0.9 percent above the revised November estimate of $2,078.3 billion. The December figure is 13.9 percent above the December 2022 estimate of $1,840.9 billion.
Advisor Perspectives
FEBRUARY 1, 2024
Here is the latest update of a popular market valuation method, Price-to-Earnings (P/E) ratio, using the most recent Standard & Poor's "as reported" earnings and earnings estimates, and the index monthly average of daily closes for the past month. The latest trailing twelve months (TTM) P/E ratio is 25.2 and the latest P/E10 ratio is 32.2.
Million Dollar Round Table (MDRT)
FEBRUARY 1, 2024
By Susan Robertson There’s an old adage that says people are resistant to change. There’s some truth in that. This can be challenging when you want to move a team forward to try new ideas. There is no perfect business. As the quote from author William S. Burroughs says, “When you stop growing, you start dying.” Fortunately, there are ways to help teams act on new ideas.
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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.
Advisor Perspectives
FEBRUARY 1, 2024
Based on the January S&P 500 average of daily closes, the Crestmont P/E of 34.9 is 133% above its arithmetic mean, 153% above its geometric mean, and is at the 99th percentile of this 14-plus-decade series.
Calculated Risk
FEBRUARY 1, 2024
The DOL reported : In the week ending January 27, the advance figure for seasonally adjusted initial claims was 224,000 , an increase of 9,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 214,000 to 215,000. The 4-week moving average was 207,750, an increase of 5,250 from the previous week's revised average.
Advisor Perspectives
FEBRUARY 1, 2024
In the week ending January 27, initial jobless claims were at a seasonally adjusted level of 224,000, an increase of 9,000 from the previous week's revised figure. The latest reading is higher than the forecast of 213,000.
Financial Symmetry
FEBRUARY 1, 2024
Below is a video of our Fourth Quarter 2023 Market Update. In the video we cover: Why even when things feel uncertain, doesn’t mean it’s a bad time to invest How different areas of the market looked in 2023 vs … Continued The post Market Update Q4 2023 appeared first on Financial Symmetry, Inc.
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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!
Advisor Perspectives
FEBRUARY 1, 2024
The Institute for Supply Management (ISM) manufacturing purchasing managers index (PMI) rose to 49.1 in January from 47.1 in December. The latest figure marks the 15th consecutive month the index has been in contraction territory after a 29-month period of growth dating back to June 2020. The January reading was above the forecast of 47.2.
Calculated Risk
FEBRUARY 1, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 8:30 AM ET, 8:30 AM: Employment Report for December. The consensus is for 162,000 jobs added, and for the unemployment rate to increase to 3.8%. • At 10:00 AM, University of Michigan's Consumer sentiment index (Preliminary for January).
Advisor Perspectives
FEBRUARY 1, 2024
The Q Ratio is the total price of the market divided by the replacement cost of all its companies. The latest Q-ratio is at 1.52, up from 1.48 in December.
Wealth Management
FEBRUARY 1, 2024
Thursday, February 01, 2024 | 2:00 PM Eastern Standard Time
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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.
Trade Brains
FEBRUARY 1, 2024
Bajaj Auto : On January 8, 2024, Bajaj Auto Ltd’s market capitalization surged ₹2 lakh crore to become the third largest automobile company, surpassing Mahindra and Mahindra. With a market valuation of ₹3.13 lakh crore, Maruti Suzuki continues to be the most valuable auto stock in the nation; Tata Motors is second with a market capitalization of ₹2.9 lakh crore.
Advisor Perspectives
FEBRUARY 1, 2024
Quick take : At the end of January, t he inflation-adjusted S&P 500 index price was 142% above its long-term trend, up from December. About the only certainty in the stock market is that, over the long haul, over-performance turns into underperformance and vice versa. Is there a pattern to this movement? Let's apply some simple regression analysis to the question.
Trade Brains
FEBRUARY 1, 2024
Ever wondered about debt-free stocks under Rs 50? They’re like hidden treasures because they’re a bit safer bets among the risky pool of penny stocks. We love them because we see being debt-free as a positive sign for the future. Let’s discover these affordable gems in this article and learn about them. Best Debt-Free Stocks Under Rs 50 Best Debt-Free Stocks Under Rs 50 #1: Infibeam Avenues Ltd.
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