The Big Picture

JANUARY 3, 2023

Welcome to 2023! Let’s jump into the new year with some fresh observations, some of which are quite surprising: • Astronomical Measures of Time Are Unrelated to Investing : 2023 – a new year! It is natural to hope the flipping of the calendar brings something new and different. But why? It takes the Earth 365 days, 6 hours, 9 minutes, and 9.76 seconds to complete one orbit – to return to its exact same place in space relative to our star, the sun.

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The Reformed Broker

JANUARY 3, 2023

If you’re a financial advisor or a fund manager and you weren’t down 20% last year, you won, basically. The S&P fell into a 20% bear market while the Nasdaq crashed almost 40%. Bonds were down double digits as an asset class. International stocks, while outperforming the US and not down as much, were still down a lot. Except for Turkey, which inexplicably doubled last year – here’s the TUR ETF, The post Think you have it bad?

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Abnormal Returns

JANUARY 3, 2023

Research How do bonds perform after a 2-10 yield curve inversion? (simplify.us) What accounts for the difference between brown and green stocks? (alphaarchitect.com) A look at how various factors performed during different market cycles. (quantpedia.com) How is geopolitical risk measured? (alphaarchitect.com) Contrary to the life-cycle hypothesis, the elderly don't uniformly engage in decumulation of assets.

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The Reformed Broker

JANUARY 3, 2023

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►2023 Targets – Wall Street is going into the year the majority of strategists predicting muted gains or outright losses for the S&P 500. ►Dotcom Bubble Stocks – “Where are they now?

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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

Accounting

Abnormal Returns

JANUARY 3, 2023

Markets How major asset classes performed in December 2022. (capitalspectator.com) 2022 was the third worst year for the 60/40 portfolio. (awealthofcommonsense.com) The Dow lead the major indices in 2022. (albertbridgecapital.com) Strategy Don't let the turn of the calendar overly influence your thinking. (ritholtz.com) It's been a long time since international stocks outperformed the U.S.

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The Reformed Broker

JANUARY 3, 2023

Final Trades: Johnson & Johnson, Goldman Sachs, Chubb from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Calculated Risk

JANUARY 3, 2023

Here is another monthly update on framing lumber prices. This graph shows CME random length framing futures through January 3rd. Lumber was at $374 per 1000 board feet this morning. This is down from the peak of $1,733, and down 67% from $1,148 a year ago. Prices are slightly below the pre-pandemic levels of around $400. Click on graph for larger image.

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Advisor Perspectives

JANUARY 3, 2023

As we talk with and counsel our clients, they need to have the right emotional attitude about money and investing. And most of those attitudes center on concepts that are central to both investing and life in general.

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Investment Writing

JANUARY 3, 2023

Automated tools can improve your financial writing. Proofreading. Some of my favorite tools are Speak, PerfectIt, and Grammarly, as I’ve discussed in “ My three main software tools for proofreading.” They help me with proofreading. I’ve gone into more detail on one of these tools in “ How I use Grammarly to improve my writing.”. If your organization uses Associated Press style, you may like AP StyleGuard, which I discuss in “ AP StyleGuard: the answer to your proofreading prayers?

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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

JANUARY 3, 2023

This past year was disappointing for stock and bond investors. The real 25% loss in stocks was in the bottom decile and the real 20.3 bond loss is the worst in the past 97 years. Greater losses lie ahead.

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David Nelson

JANUARY 3, 2023

By David Nelson, CFA CMT All branches of the military use ORM or their own Operational Risk Management system. It’s an imperative before launching any mission and commonly used by pilots in making go no go decisions. We identify the risks even those with low probability and make a quantitative judgement as to the feasibility of the mission and or flight.

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Advisor Perspectives

JANUARY 3, 2023

Relative to the accumulation phase, strategies that mitigate the unique risks faced by retirees in decumulation are less understood and researched. By identifying and illustrating those risks, planners can better prepare clients for retirement.

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Calculated Risk

JANUARY 3, 2023

From the Census Bureau reported that overall construction spending increased: Construction spending during November 2022 was estimated at a seasonally adjusted annual rate of $1,807.5 billion, 0.2 percent above the revised October estimate of $1,803.2 billion. The November figure is 8.5 percent above the November 2021 estimate of $1,665.2 billion. emphasis added Private spending increased and public spending decreased: Spending on private construction was at a seasonally adjusted annual rate of

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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.

Financial Advice

Wealth Management

JANUARY 3, 2023

New law includes significant changes to the rules for individual retirement accounts and employer plans.

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Million Dollar Round Table (MDRT)

JANUARY 3, 2023

By Mark D. Olson, CFP, MSFS Books are a source of fresh ideas that spark growth in my career as a financial advisor. And that growth happens at a deeper level when I discuss the business books I’m reading with my MDRT book club. Below are my five favorite book club picks from 2022. I hope you will find them as insightful as I did. “Exactly What to Say: The Magic Words for Influence and Impact” by Phil M Jones.

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Wealth Management

JANUARY 3, 2023

Nuveen Real Estate is looking to expand its online investor base through an arrangement with CrowdStreet, reports GlobeSt.com. Colliers reports an increase in industrial sublease space. These are among today’s must reads from around the commercial real estate industry.

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The Irrelevant Investor

JANUARY 3, 2023

On today’s show, we discuss: Stock and bond markets shed more than $30tn in brutal 2022 10 predictions for 2022 10 predictions for 2023 Cathie Wood’s grim 2022 is over, next year also looks bad The tech IPO market collapsed in 2022, and next year doesn’t look much better Big banks predict recession, Fed pivot in 2023 Your coworkers are less ambitious, bosses adjust to the new order Here’s.

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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.

Banking

Wealth Management

JANUARY 3, 2023

Eight commercial real estate pros offer insights on what they expect to unfold in 2023 amid a challenging macroeconomic environment.

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Alpha Architect

JANUARY 3, 2023

No exposure to domestic equities. No exposure to international equities. No exposure to REITs. Partial exposure to commodities. No exposure to intermediate-term bonds. DIY Trend-Following Allocations: January 2023 was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

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Wealth Management

JANUARY 3, 2023

Investors are feeling more cautious and stress-testing their holdings for different scenarios, industry insiders say.

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Alpha Architect

JANUARY 3, 2023

In this article about asset pricing theory, we examine the research on the impact of technological advances that displace human labor in favor of machine capital to asset pricing. Automation and Asset Pricing Theory was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

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Management

Wealth Management

JANUARY 3, 2023

Here’s a sample letter encouraging clients to formulate commitments for 2023.

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Estate Planning Planning Clients 115

Investing Caffeine

JANUARY 3, 2023

Stock and bond market returns in 2022 were disappointing, but we now get to start 2023 with a clean slate. Before we turned the page on another annual chapter, Santa Claus chose to finish last year by placing a lump of coal in investor stockings, as evidenced by the S&P 500 index decline of -5.9% during December. Good News & Bad News. There is some good news and bad news as it relates to this year’s underwhelming stock market results (-19.4%).

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Economy Transportation CFP Investing 59

Wealth Management

JANUARY 3, 2023

BREIT, which was designed for wealthy individual investors, has struggled in recent months and been forced to limit withdrawals.

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oXYGen Financial

JANUARY 3, 2023

![CDATA[ Often times we come out of the holiday season having charge all our presents on our credit card. This post holiday debt can be a huge burden on many Americans. It can feel like it is impossible to get out from under. But there are some things you can do to help pay down credit card debt. Here are some strategies to focus on. 1) Paying more than the minimum.

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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.

Communication

Wealth Management

JANUARY 3, 2023

New law includes significant changes to the rules for individual retirement accounts and employer plans.

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Retirement Accounting Planning 96

Cornerstone Financial Advisory

JANUARY 3, 2023

Erratic Holiday Trading Leaves Stocks In Doldrums. Presented by Cornerstone Financial Advisory, LLC. In a holiday-shortened week, erratic trading left stocks marginally down for the week. The Dow Jones Industrial Average lost 0.17%, while the Standard & Poor’s 500 slipped 0.14%. The Nasdaq Composite index fell 0.30%. The MSCI EAFE index, which tracks developed overseas stock markets, edged 0.61% higher. 1,2,3.

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Wealth Management

JANUARY 3, 2023

A quiz to test your memory of 2019, the year before COVID sent us all into lockdown.

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