The Reformed Broker
JANUARY 25, 2023
I had a bit of a flashback last night to the year 2000, sitting in my office after hours watching JDS Uniphase collapse on the heels of its conference call after reporting “better than expected” earnings for the quarter. Throughout 2000, techs and telecoms were still making a ton of profit, but it was becoming apparent that they were still coasting on the spend from 1999.
The Big Picture
JANUARY 25, 2023
Fascinating discussion this morning from Robin Powell. He points to a research note from Kings College where the authors surveyed active managers about how they were responding to the shift in favor from active to passive fund management over the past decade or two. But they also asked questions about how these managers invested their own monies. Robin buries the lede in his discussion, but allow me to correct that oversight: “ Active managers invest their own capital passively.” Man
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The Reformed Broker
JANUARY 25, 2023
IBM beats on top line, profits in margin from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.
The Big Picture
JANUARY 25, 2023
My mid-week morning train WFH reads: • NYSE Investigates Technical Issue That Caused Wild Market Open : At least 40 S&P 500 stocks were hit with trading halts. NYSE says it’s investigating issues with the opening auction. ( Bloomberg ) • For Tech Companies, Years of Easy Money Yield to Hard Times : Rock-bottom rates were the secret engine fueling $1 billion start-ups and virtual attempts to conquer the physical world.
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
Abnormal Returns
JANUARY 25, 2023
Podcasts Dan Harris talks with Morgan Housel author of "The Psychology of Money." (tenpercent.com) David Senra on lessons learned from Charlie Munger and Warren Buffett. (joincolossus.com) Investing Ben Carlson, "Saving is far more important the younger you are while investing matters a whole lot more as age and build up your savings." (awealthofcommonsense.com) How some self-awareness can help you avoid overtrading.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Abnormal Returns
JANUARY 25, 2023
Crypto Some crypto miners are sitting on valuable electricity contracts. (ft.com) The crypto bottoming keeps gaining momentum. (coindesk.com) Companies Josh Brown, "If you were the CEO or CFO of a Fortune 500 company, why wouldn’t you project caution right now?" (thereformedbroker.com) What you can learn about enterprise spending from Microsoft's ($MSFT) earnings.
Nationwide Financial
JANUARY 25, 2023
In recent months, Americans are rethinking what life in retirement looks like because of economic uncertainty, opting to adjust their personal priorities with financial stability in mind. Our recent Advisor Authority survey, powered by the Nationwide Retirement Institute®, helped us discover new trends and shifts in investors’ retirement planning motivations as well as opportunities for financial professionals to help their clients who are approaching retirement.
Wealth Management
JANUARY 25, 2023
The CFP Board Center of Financial Planning will concentrate on pro bono and research work, while the CFP Board of Standards will focus on certifying advisors.
Good Financial Cents
JANUARY 25, 2023
Are you trying to win the Mega Millions, but your numbers never seem to come up? It may be time to look for better ways to make money. Fortunately, you can earn extra cash without going and getting a “real job.” What are the best ways to avoid sitting in a cubicle all day? Some money-making strategies require an upfront investment, while others let you earn money in your free time with the help of apps.
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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
JANUARY 25, 2023
Business students at the school have recently launched their own private equity real estate fund, which aims to deliver returns to real-life investors. Here’s how they raised the money and plan to deploy their capital.
Validea
JANUARY 25, 2023
By Justin Carbonneau ( @jjcarbonneau ) — Artificial intelligence and techniques such as machine learning have become more prevalent in investing over the past decade. The launch of ChatGPT late last year, and my subsequent interaction with the technology, got me thinking about the technology’s possible impact for investors. We’ve had multiple guests on our podcast, Excess Returns, that are using A.I. techniques in their investing process.
Nationwide Financial
JANUARY 25, 2023
The start of a new year presents opportunities for clients to make positive changes for their financial futures. Last year’s considerable losses and market fluctuations underscore the need for clients to assess their retirement plans to ensure it aligns with their objectives, financial situations, timelines, and attitudes toward market volatility. According to a recent Advisor Authority survey, powered by the Nationwide Retirement Institute®, only 20% of non-retired investors have confidence in
Calculated Risk
JANUARY 25, 2023
From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 7.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 20, 2023. This week’s results include an adjustment for the observance of Martin Luther King, Jr.
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
JANUARY 25, 2023
Asset-Map brings visualized financial planning and advice-led solutions to the organization’s 8,000 independent financial professionals.
MarketWatch
JANUARY 25, 2023
Chevron Corp. CVX said late Wednesday that its board has approved a dividend increase of 6% to $1.51 a share, payable March 10 to shareholders of record as of Feb. 16. The board also authorized a $75 billion share buyback authorization, which takes effect April 1 and does not have a fixed expiration date, Chevron said. Shares of Chevron rose 2.9% in the extended session Wednesday after ending the regular trading day down 1%.
Tobias Financial
JANUARY 25, 2023
We are excited to welcome Alexander Bailey to our team. He serves as our Financial Planning Associate and is currently working toward earning his CERTIFIED FINANCIAL PLANNER professional certification. He is passionate about learning the intricacies of financial planning and learning how to apply that knowledge in our clients’ financial plans to help guide them on their financial journeys.
Carson Wealth
JANUARY 25, 2023
At long last, The Carson Investment Research team is proud to officially release our 2023 Market and Economic Outlook, aptly titled Outlook ’23: The Edge of Normal. You can download the whitepaper here. As you are all painfully aware, 2022 wasn’t pretty for investors – it was the first year to ever see both stocks and bonds down 10% or more. Higher-than-expected inflation was the theme of 2022, surging to the highest level since 1981.
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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.
NAIFA Advisor Today
JANUARY 25, 2023
The National African American Insurance Association (NAAIA), a NAIFA advocacy partner, has issued a new report showing that, while insurance and financial services companies have increased diversity, equity, and inclusion (DEI) initiatives, many fail to address inequity at a foundational level.
Carson Wealth
JANUARY 25, 2023
Mike Valenti, CPA, CFP ® , Director of Tax Planning Tom Fridrich, JD, CLU, ChFC ® , Senior Wealth Planner It’s January, so it’s officially tax season! One of the most common client questions heard by tax preparers is, “So, what do you need from me?” The short answer to that question is often, “Everything.” But that isn’t helpful, nor is it entirely true.
Wealth Management
JANUARY 25, 2023
The Wall Street Journal breaks down the competition in the race to land casino licenses in New York City. King Charles’ real estate company is suing Twitter over unpaid rent, reports Insider. These are among today’s must reads from around the commercial real estate industry.
NAIFA Advisor Today
JANUARY 25, 2023
When long-term care insurance is not an option due to a person's health and/or finances, there may be an alternative solution to a difficult situation. Limited long-term care insurance can be an option to help during your client's time of need. Register now for this upcoming webinar discussing limited long-term care on Tuesday, February 7 at 2 pm eastern.
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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!
MainStreet Financial Planning
JANUARY 25, 2023
The Psychology of Money delves into the behavioral aspects of how individuals are with their money. The book is divided into 20 chapters which are written more like short stories. I found this short story concept refreshing because I could read a chapter and then quit for the evening or even a few days, then come back to the book and start a new chapter, learning a new concept without having to keep up as you would with a traditional book.
Advisor Perspectives
JANUARY 25, 2023
Six Wall Street banks are being pressed by a group of shareholders to move faster on reducing their financing of fossil fuels to meet global climate goals.
Wealth Management
JANUARY 25, 2023
Any deal would require negotiations with the National Association of Realtors. Move’s Realtor.com operates under an agreement and trademark license with the group. The Realtors’ group is using the potential transaction to demand terms that would make an acquisition unappealing to CoStar or other potential buyers, according to one of the people familiar with the transaction.
Clever Girl Finance
JANUARY 25, 2023
It’s not a secret that staying out of debt affects our overall well-being. In fact, it would be ideal to not owe money and not have to make constant payments. That said, the ability to borrow money helps many people achieve goals like buying a house , starting a business, or getting an education. However, it can also be a source of stress when it becomes overwhelming and unmanageable.
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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
JANUARY 25, 2023
Proactive ways to attract and retain diverse talent from PlanCorp's chief talent officer.
MarketWatch
JANUARY 25, 2023
Green Organic Dutchman Holdings Ltd CA:TGOD.WTA said Wednesday it’s changing its name to Bzam Ltd. for trading on the Canadian Stock Exchange under the symbol BZAM and the symbol BZAMF on the OTCQX. Forbes List billionaire Bassam Alghanim was named chairman of Bzam after serving as a director of Green Organic Dutchman. Alghanim is a co-owner of Kuwait-based Alghanim Industries and has been an investor, businessman and banker for more than 40 years.
Wealth Management
JANUARY 25, 2023
Dakota Wealth Management's Brett Orvieto details where opportunities exist in equity and fixed income markets in 2023.
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