The Big Picture
OCTOBER 13, 2022
Boaz Weinstein, Founder & CIO, Saba Capital Management speaks with Barry Ritholtz, Co-Founder & CIO, Ritholtz Wealth Management; Host, Bloomberg’s Masters in Business at Bloomberg Invest. Source: Bloomberg. click for video . The post Saba Capital Management’s Weinstein on Whales, Tails, & Fails appeared first on The Big Picture.
Abnormal Returns
OCTOBER 13, 2022
Books A Q&A with Dr. Wes Ely author of "Every Deep-Drawn Breath: A Critical Care Doctor on Healing, Recovery, and Transforming Medicine in the ICU." (statnews.com) An excerpt from "Of Boys and Men: Why the Modern Male Is Struggling, Why It Matters, and What to Do About It" by Richard V. Reeves. (nationalaffairs.com) An excerpt from "Belonging: The Science of Creating Connection and Bridging Divides' by Geoffrey L.
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The Big Picture
OCTOBER 13, 2022
My morning train WFH reads: • Bullard Becomes Wall Street’s Go-To Guy for Hint of a Fed Pivot : St. Louis Fed boss, a leading hawk now, hasn’t always been one In interview he cites Volcker influence, bike-inflation shock. ( Bloomberg ). • Companies Hoarding Workers Could Be Good News for the Economy : Employers have been burned by a labor shortage. Will that make them act differently if the economy slows down?
Abnormal Returns
OCTOBER 13, 2022
Markets More signs that retail investors are abandoning crypto. (finance.yahoo.com) Behold! An actual successful semiconductor IPO. (fortune.com) There's no such thing as 'medium risk.' (permanentequity.com) Finance Why VCs are increasing in the public markets. (wsj.com) Fintech startups are especially feeling the pain of the bear market. (economist.com) Apple Apple Card users will soon be able to open a Marcus savings account.
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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.
The Reformed Broker
OCTOBER 13, 2022
Final Trades: Deere, Dutch Bros & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
OCTOBER 13, 2022
“We know firsthand from deals we’ve been working on that buyers have pulled back and lenders are more conservative,” says one broker. Nevertheless, the medical office sector is still considered a favored asset class among investors.
Calculated Risk
OCTOBER 13, 2022
The DOL reported : In the week ending October 8, the advance figure for seasonally adjusted initial claims was 228,000 , an increase of 9,000 from the previous week's unrevised level of 219,000. The 4-week moving average was 211,500, an increase of 5,000 from the previous week's unrevised average of 206,500. emphasis added The following graph shows the 4-week moving average of weekly claims since 1971.
Pragmatic Capitalism
OCTOBER 13, 2022
From Paul Fenner at The Emotional Balance Sheet Podcast: Am I providing my family with the best possible life I can?
Wealth Management
OCTOBER 13, 2022
The tech firm wants to bring mainstream investors—and their advisors—into the IPO process, territory once reserved for favored clients, insiders and underwriters. But to take on Wall Street's reliable revenue generator, many moving pieces will have to fall into place.
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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.
Calculated Risk
OCTOBER 13, 2022
The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning: According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.7% in September. The 16% trimmed-mean Consumer Price Index increased 0.6% in September. "The median CPI and 16% trimmed-mean CPI are measures of core inflation calculated by the Federal Reserve Bank of Cleveland based on data released in the Bureau of Labor Statistics’ (BLS) monthly CPI report".
Wealth Management
OCTOBER 13, 2022
The Wall Street Journal looks at how rising interest rates are impacting real estate firms’ investment calculations. Donald Trump is forming a new company called Trump Organization II, according to The New York Times. These are among today’s stories from around the commercial real estate industry.
Carson Wealth
OCTOBER 13, 2022
Last Friday, yet another strong payroll report was released with the headlines stating payrolls grew 263,000 in September and the unemployment rate fell to 3.5%. The first three charts below illustrate the strength and resiliency of the labor market this year. The last two are forward-looking indicators that bode well for continued employment gains. 3.8 million jobs created in 2022 (so far).
NAIFA Advisor Today
OCTOBER 13, 2022
In an advertising campaign in the 1980s, Heinz ketchup used the slogan “Good things come to those who wait.” For your clients who are in their 40s or 50s and yearn to get a Home Equity Conversion Mortgage (or HECM, commonly called a reverse mortgage) loan, well, like the slow trickle of ketchup out of a glass bottle, they are going to have to let time do its thing and wait at least until they reach the minimum qualifying age of 62.
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.
The Better Letter
OCTOBER 13, 2022
It’s my birthday tomorrow. I’ll celebrate at Petco Park and hope for the best. Go Padres! I encourage you to read (or reread) my most popular TBL ever, on birthday luck: Rhyming Set to Music. If you like The Better Letter , please subscribe, share it, and forward it widely. Subscribe now Share The Better Letter Read The Better Letter in the Substack app Available for iOS and Android Get the app Thanks for reading.
Calculated Risk
OCTOBER 13, 2022
Friday: • At 8:30 AM ET, Retail sales for September will be released. The consensus is for a 0.2% increase in retail sales. • At 10:00 AM, University of Michigan's Consumer sentiment index (Preliminary for October).
Integrity Financial Planning
OCTOBER 13, 2022
When was the last time you stopped and thought about how long the dollar bill that’s in your pocket has been circulating through the economy? What has that bill seen? Whose pockets has it been in? What will it see next? Every year, the government prints millions of dollar bills a day. Here’s a quick look at what goes into creating a $20 bill and what determines when a bill’s lifespan ends.
Calculated Risk
OCTOBER 13, 2022
With the release of the CPI report this morning, we now know the Cost of Living Adjustment (COLA), and the contribution base for 2023. From Social Security: Social Security Announces 8.7 Percent Benefit Increase for 2023 Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 8.7 percent in 2023 , the Social Security Administration announced today.
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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.
Wealth Management
OCTOBER 13, 2022
NCA Financial Planners' Kevin Myeroff discusses his thought process around succession and why he ultimately chose to sell his firm to Sequoia Financial.
Clever Girl Finance
OCTOBER 13, 2022
Is a "not buying anything" challenge right for you? It can be a great way to jumpstart your savings and cut back on excess spending. But trying to buy nothing new for an extended period of time is not for everyone. In this article, we discuss why you might not want to participate in a not buying anything challenge and what might work better for you instead!
Wealth Management
OCTOBER 13, 2022
Advisors looking for someone to take over their practice may find the second—or third—time’s the charm.
A Wealth of Common Sense
OCTOBER 13, 2022
A reader asks: Ben comes off as a relatively optimistic person when it comes to the markets. Can he give us his most bearish or worst-case scenario for the stock market right now? I’m worried the worst is yet to come. This is a fair assessment. I am a glass-is-half-full kind of person by disposition. I can’t prove this but I do think optimism or pessimism is something you’re kind of just born with.
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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!
Wealth Management
OCTOBER 13, 2022
Pershing's Bill Bruckner dives into the key findings from the latest “NEXT: Wealth Management Firm of the Future” Research report.
Million Dollar Round Table (MDRT)
OCTOBER 13, 2022
By Matt Pais, MDRT Content Specialist D. Scott Brennan , 2013 MDRT President and a 39-year member from South Bend, Indiana, knows that life is a matter of perspective. He has seen a family receiving $5,000 for a death claim be much more grateful than trustees who received $5 million. That’s part of why he embraces the Whole Person concept. “I try to celebrate life a little bit every day.
Wealth Management
OCTOBER 13, 2022
The partnership gives WEG's 360 advisors access to a customized version of the CAIS alternative investments platform.
Clever Girl Finance
OCTOBER 13, 2022
Did you know that an estimated 56% of Americans can’t cover a $1,000 emergency expense with savings? Whether it’s an unexpected car repair or damage from a natural disaster, financial emergencies can happen to anyone. Knowing the types of potential emergencies and being prepared can help you avoid the high costs of unexpected expenses. Keep reading to learn about seven common types of financial emergencies as well as some of the best ways to prepare for them.
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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
OCTOBER 13, 2022
Say what you’re going to do and do what you say. And do it well.
Accounting for Good
OCTOBER 13, 2022
The post Unpacking the AASB for Not For Profit first appeared on ACCOUNTING FOR GOOD.
Wealth Management
OCTOBER 13, 2022
Interest rate on popular savings tool is expected to fall to 6.47% as of Nov. 1, down from a record 9.62%.
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