Thu.Oct 31, 2024

article thumbnail

Longform links: zero political impact

Abnormal Returns

Books An excerpt from "The Price Of Power: How Mitch McConnell Mastered The Senate, Changed America, And Lost His Party" by Michael Tackett. (theatlantic.com) A Q&A with Amanda Ripley author of "High Conflict: Why We Get Trapped and How We Get Out." (davidepstein.substack.com) A Q&A with Eliza Griswold author of "Circle of Hope: A Reckoning with Love, Power, and Justice in an American Church.

article thumbnail

Kitces & Carl Ep 150: When The Early Years’ Scarcity As A Financial Advisor Prevents You From Growing To The Next Level

Nerd's Eye View

For many years, the traditional career track for financial advisors has been an 'eat what you kill' model – where advisors must independently find, convert, and manage their own clients. As such, it isn't uncommon for an advisor's first few years to be characterized by long hours, high rejection rates, and low pay. For many, this can be a stressfully prolonged period that typically eases only as advisors build their client base and establish themselves in the industry.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Thursday links: a more important innovation

Abnormal Returns

Crypto Crypto volume is up at Robinhood ($HOOD). (theblock.co) Microstrategy ($MSTR) plans to keep buying more Bitcoin. (coindesk.com) Coinbase ($COIN) is buying back shares. (theblock.co) Real estate Institutional investor ownership of single-family homes is concentrated in certain geographies. (wsj.com) How Florida's new condo laws are playing out.

article thumbnail

5 Reasons to Think About Long-Term Care Planning Today

Carson Wealth

I once received an email from a family friend about long-term care insurance. He was frustrated over a premium increase – which wasn’t the first rate hike. Yet, he was thankful for the policy. Despite the rising cost, he knew the importance of long-term care insurance in helping protect himself and his family. Mostly because he knew the alternative and had seen examples of it play out time and time again.

Planning 141
article thumbnail

Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

article thumbnail

Stocks, Rates & Gold: What’s Going on Here?

A Wealth of Common Sense

We also discussed questions about Roth vs. traditional retirement accounts, the pros and cons of targetdate funds, retiring in your mid-30s and what to do about big gains in Mag 7 stocks. Further Reading: What’s the Investment Case For Gold? 1I had our chart guy Matt cut off the tops of the gold chart here because some of the returns in the 1970s were so high.

More Trending

article thumbnail

Stocks in which promoters have increased their stake by up to 32% in Sep Qtr

Trade Brains

Promoter holding refers to the percentage of shares owned by a company’s founders, promoters, or their family members. It reflects insider confidence in the business, with higher holdings typically indicating strong commitment and alignment with minority shareholders’ interests. When promoters increase their holdings in a company, it typically sends a strong positive signal to the market.

article thumbnail

The Big Four Recession Indicators: Real Personal Income Up 0.1% in September

Advisor Perspectives

Personal income ( excluding transfer receipts ) rose 0.3% in September and is up 5.1% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, real personal income (excluding transfer receipts) was up 0.08% month-over-month and up 2.9% year-over-year.

102
102
article thumbnail

Startup Simplisure Launches Digital Platform for Buying Term Life Insurance

Wealth Management

Meant for non-licensed advisors, the new platform generates carrier-agnostic quotes and provides a digital application process.

Startup 116
article thumbnail

Fade the Election – Part 2: Debt & Deficits

Advisor Perspectives

The most common questions we’ve been asked as the election approaches are generally about the Federal debt and deficits. Many investors worry about a looming “day of reckoning” for US debt. They fear the US’s fiscal imprudence will eventually force a sudden and dramatic repricing of US debt. In this insight, we explore the modern history of US debt to GDP across several Presidential administrations and outline why investors should not be worried about a financial apocalyp

95
article thumbnail

Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

article thumbnail

Three Things – Early Weekend Reading

Discipline Funds

1) The SMCI Debacle SMCI has been on of the darlings of the AI boom over the last few years. But earlier this week they announced some, um, accounting “irregularities”. Not great. Now, I don’t know the specifics of the troubles there, but one thing I highlighted earlier this year was the strange addition of SMCI to the S&P 500 in March. SMCI was added despite having qualified for the index for just a few months.

article thumbnail

3 questions to reframe your perspective

Million Dollar Round Table (MDRT)

By Apelles Poh Hong Pang Are you a positive or negative person? Do you struggle to deal with difficulties in your life? These three questions helped me reframe my perspective toward the problems I face. They are very practical, and we can apply them immediately to the challenges confronting us now. What could have been worse? “I complained that I have no shoes, until I saw someone with no feet.

87
article thumbnail

Personal Income increased 0.3% in September; Spending increased 0.5%

Calculated Risk

The BEA released the Personal Income and Outlays report for September: Personal income increased $71.6 billion (0.3 percent at a monthly rate) in September, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI), personal income less personal current taxes, increased $57.4 billion (0.3 percent) and personal consumption expenditures (PCE) increased $105.8 billion (0.5 percent).

Food 83
article thumbnail

Wilmington Trust Names New Wealth Management Leader

Wealth Management

Lisa Roberts joined the firm in 2023, previously serving as the head of U.S. markets. She will succeed Doris Meister, who stepped down earlier this year.

article thumbnail

Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

article thumbnail

Weekly Initial Unemployment Claims Decrease to 216,000

Calculated Risk

The DOL reported : In the week ending October 26, the advance figure for seasonally adjusted initial claims was 216,000 , a decrease of 12,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 227,000 to 228,000. The 4-week moving average was 236,500, a decrease of 2,250 from the previous week's revised average.

69
article thumbnail

WMIQ: How Advisors Balance Passive, Active Strategies

Wealth Management

Indexed ETFs remain a top tool, but advisors report healthy usage of actively managed ETFs and mutual funds for equities and fixed-income allocations.

article thumbnail

Friday: Employment Report, ISM Mfg, Construction Spending, Vehicle Sales

Calculated Risk

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 8:30 AM ET, Employment Report for October. The consensus is for 120,000 jobs added, and for the unemployment rate to be unchanged at 4.1%. • At 10:00 AM, ISM Manufacturing Index for October. The consensus is for 47.6, up from 47.2. • Also at 10:00 AM, Construction Spending for September.

Sales 59
article thumbnail

Sequoia Acquires $300M South Carolina RIA

Wealth Management

The deal expands Sequoia’s Southeast footprint, bringing the RIA to 16 offices in 10 states, and this represents its seventh acquisition since 2023.

84
article thumbnail

Pricing for Profit: How to Set, Negotiate, and Succeed

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

article thumbnail

Realtor.com Reports Active Inventory Up 27.6% YoY

Calculated Risk

What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For September, Realtor.com reported inventory was up 34.0% YoY, but still down 23.2% compared to the 2017 to 2019 same month levels. Now - on a weekly basis - inventory is up 27.6% YoY.

Sales 59
article thumbnail

Advisor Sentiment Index: Confidence in the Economy Ticks Upward

Wealth Management

Looking ahead to the presidential election, advisors are evenly split on the near-term direction of the economy and the markets.

Economy 88
article thumbnail

October Employment Preview

Calculated Risk

On Friday at 8:30 AM ET, the BLS will release the employment report for October. The consensus is for 120,000 jobs added, and for the unemployment rate to be unchanged at 4.1%. There were 254,000 jobs added in September, and the unemployment rate was at 4.1%. From BofA: We expect nonfarm payrolls to rise by 100k in Oct after coming in at 254k in Sep. the u-rate should move back up to 4.2%, in part due to hurricane distortions. emphasis added From Goldman Sachs: We estimate nonfarm payrolls rose

Numbers 59
article thumbnail

Building the $50 Million Team

Wealth Management

The core four-person advisor support network to add $50 million a year.

106
106
article thumbnail

Confronting the Change Challenge

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.

article thumbnail

Freddie Mac House Price Index Increased in September; Up 3.6% Year-over-year

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased in September; Up 3.6% Year-over-year A brief excerpt: Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.28% month-over-month on a seasonally adjusted (SA) basis in September. On a year-over-year basis, the National FMHPI was up 3.6% in September, down from up 4.0% YoY in August.

59
article thumbnail

Lido Advisors Acquires $600M Colorado RIA Platte River

Wealth Management

With this transaction and its recently announced deal with Pegasus Partners, Lido’s total assets will grow to about $27 billion to $28 billion.

Assets 76
article thumbnail

Climbing the Wall of Worries

Advisor Perspectives

Equities continued to climb in Q3, with fixed income remaining steady despite international conflicts, inflationary pressure, and election-related uncertainty in the United States.

52
article thumbnail

Behavioral Finance and its Connection to Financial Advice

Wealth Management

Q&A with Orion Advisor Solutions Chief Behavioral Officer Dr. Daniel Crosby.

article thumbnail

How to Navigate Revenue and Expense Management: Competitive Insights for Financial Success

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!

article thumbnail

Enduring The Languishment

Random Roger's Retirement Planning

Jeff Malec from RCM Capital Tweeted the following series of charts to help frame what has been going on with managed futures. Here's a sampling of what some of the funds have been doing over the same period. The names don't matter, the group has been grinding around. It may not feel like it but in the same period, the S&P 500 is up almost 5% even though it was pretty flat in October.

article thumbnail

The Diamond Podcast for Financial Advisors: Why A Next Gen Merrill Advisor Joined His $1B Breakaway Colleagues

Wealth Management

Dylan O’Shea reveals what pulled him away from Merrill and to Quorum Private Wealth.

article thumbnail

Unemployment Claims Down 12K, Better Than Expected

Advisor Perspectives

In the week ending October 26th, initial jobless claims were at a seasonally adjusted level of 216,000. This represents a decrease of 12,000 from the previous week's figure and is better than forecasts for 229,000.

52