Thu.Sep 14, 2023

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Thursday links: the wisdom of indexing

Abnormal Returns

Markets TIPS are on sale. (morningstar.com) The rise in real interest rates is stunning. (econbrowser.com) Daily options volume is soaring as traders go whole hog. (wsj.com) Strategy Bull markets have four distinct stages. (ritholtz.com) On the power of keeping an investing journal. (rationalwalk.com) What the life of Napoleon can teach us about investing.

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Future Proof 2023: That’s a Wrap!

The Big Picture

I made it back home from California late last night after a long day of travel and an exhausting but absolutely exhilarating week. Following the breakout success of Future Proof 2022, this year’s event was even bigger and better — almost 3,000 attendees and nearly 200 sponsors. Everything about this year was next level — the audience, the sponsors, the bands, it was amazing!

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Longform links: the power of focus

Abnormal Returns

Books An excerpt from "Writing for Busy Readers" by Todd Rogers and Jessica Lasky-Fink (behavioralscientist.org) An except from “Build the Life You Want: The Art and Science of Getting Happier” by Arthur C. Brooks and Oprah Winfrey. (wsj.com) A Q&A with Jennifer Breheny Wallace author of "Never Enough: When Achievement Culture Becomes Toxic - What We Can Do About It.

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A Q&A with Vinay Nair, Founder of TIFIN

Wealth Management

Our tech columnist asks what is behind giving advisors with less than $100 million in assets free use of the TIFIN Wealth platform and other questions about where the industry-norm-defying entity is headed.

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The ROI of Business Lending Platforms

Financial institutions continue to look to quantify the impact of new technologies. Meanwhile, business lending technologies have grown more popular in the industry. However, understanding the impact of said technologies means understanding how to increase your revenue while decreasing your costs. This is key for the growth of your organization. Biz2X created this eBook to analyze the ROI of business lending platforms and learn about the short-term and long-term benefits of said platforms.

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Ten Years

The Irrelevant Investor

“I just have to say thank you. I’ve been in this business a long time. I’ve worked with a lot of people. You’re the first person who never lied to me.” I smiled as I felt the ball in the back of my throat swell up, fought back a tear, and gave my partner Jonathan Novy a hug. That experience took place at FutureProof, the best financial conference I’ve ever been to.

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More Trending

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Zaggle Prepaid Ocean Services IPO (Avoid)

Fintoo

Highlights Issue Size –: 34,352,255 shares Issue Open/Close – Sept 14 /Sept 18, 2023 Price Band (Rs.) 156 – 164 Issue Size (Rs.) – 5,633 mn Face Value (Re. ) 1 Lot Size (shares) 90 Zaggle Prepaid Oceans Services Limited (ZPOSL) incorporated on 2011, operates in a segment where it interacts and interfaces with their […] The post Zaggle Prepaid Ocean Services IPO (Avoid) appeared first on Fintoo Blog.

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Top Indian Stocks Held By GQG Partners – Portfolio Analysis

Trade Brains

Top Indian Stocks Held By GQG Partners : GQG Partners is a group of highly skilled and perceptive investment professionals from various nations, cultures, and backgrounds who are all dedicated to safeguarding and enhancing investments. The company uses its Research Mosaic, or what they refer to as “Forward-Looking Quality,” to identify high-quality businesses.

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Realtor.com Reports Weekly Active Inventory Down 5.1% YoY; New Listings Down 7.1% YoY

Calculated Risk

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from Hannah Jones: Weekly Housing Trends View — Data Week Ending Sep 9, 2023 • Active inventory declined, with for-sale homes lagging behind year ago levels by 5.1%. This past week marked the 12th consecutive decline in the number of homes actively for sale compared to the prior year, however the gap narrowed compared to the previous week’s -5.2% figure. • New listings–a measure of sellers putting ho

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Mistakes That Compound in the Markets

A Wealth of Common Sense

A reader asks: I recently started looking at my mother-in-law’s retirement account. She’s been with [advisor name redacted] since October 2010 and has a 2.61% annual return. According to their chart, the S&P 500 had a 12.95% annual return during that same period. While I know she shouldn’t expect a return equal to the S&P 500 since she’s not all equities (she’s in 60% stocks, 40% bond.

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Banking on Loyalty: Holistic Financial Advice for Unparalleled Business Growth

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.

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The Compound and Friends: Big Market Delusions

The Irrelevant Investor

Today’s Compound and Friends is brought to you by Kraneshares: See here for more information on Kraneshares latest ETF launch with Rockefeller Asset Management. On today’s show, we discuss: Listen here: Charts: Research Affiliates: Twitter Contact us at askthecompoundshow@gmail.com with any feedback, recommendations, or questions. Follow us on Instagram and YouTube.

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UBS to Move Bankers, Traders to Credit Suisse’s New York Offices

Wealth Management

In New York, staffers in the global wealth-management division will remain at UBS’s offices at 1285 Avenue of the Americas, in midtown Manhattan.

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Persevering with skeptical referrals

Million Dollar Round Table (MDRT)

By Audrey Adeline Yap Mui Ling A client was referred to me for help with getting her cancer claim fulfilled. Her agent was no longer servicing her, and the claim was stuck for more than six months. I vividly remember the first time I met her and her husband. He spoke very critically about insurance products and kept saying insurance is a scam. They had been paying insurance premiums for many years, and now that they had a claim, there were so many hiccups.

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Producer Price Index: Wholesale Inflation Rises to 1.6% in August

Advisor Perspectives

Wholesale inflation rose more than expected in August as producer prices increased for a second straight month. The producer price index for final demand was up 0.7% month-over-month, its largest monthly increase since June 2022 (s.a.). On an annual basis, headline PPI accelerated for a second straight month from 0.8% in July to 1.6% in August (n.s.a).

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How Generative AI Will Impact Business Lending

Generative AI (Artificial Intelligence) is poised to revolutionize the world of business lending. By understanding the impact and possibilities of Generative AI in business lending, banks can stay ahead of the curve and make informed decisions. Generative AI has the potential to revolutionize how lenders make credit decisions, automate loan processes, and provide personalized customer experiences.

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Retail Sales Increased 0.6% in August

Calculated Risk

On a monthly basis, retail sales were up 0.6% from July to August (seasonally adjusted), and sales were up 2.5 percent from August 2022. From the Census Bureau report : Advance estimates of U.S. retail and food services sales for August 2023, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $697.6 billion, up 0.6 percent from the previous month , and up 2.5 percent (±0.7 percent) above August 2022.

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Cash Account Clients Earned Half a Billion Dollars This Year

Wealthfront

We’re excited to share that our Cash Account clients have collectively earned half a billion dollars in interest year to date. When we launched the Cash Account in 2019 in partnership with our network of FDIC insured banks, we couldn’t have imagined such a positive reception, and we want to send a heartfelt thank you […] The post Cash Account Clients Earned Half a Billion Dollars This Year appeared first on Wealthfront Blog.

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Unemployment Claims Increase for First Time in Five Weeks

Advisor Perspectives

In the week ending September 9, initial jobless claims increased for the first time in five weeks. Seasonally adjusted initial jobless claims were at 220,000, an increase of 3,000 from the previous week's revised figure of 217,000. The latest reading was below the forecast of 225,000.

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13 Must Reads for Real Estate Investors (Sept. 15, 2023)

Wealth Management

Bisnow analyzes what types of buildings Amazon will target as part of its same-day delivery expansion. Crowdfunding platform Yieldstreet settled SEC fraud charges, reported The Real Deal. These are among the must reads from around the real estate investment world as the week ends.

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Quick Start Guide to a Crystal Clear Close

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!

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Retail Sales Rise 0.6% in August, Exceeding Expectations

Advisor Perspectives

The Census Bureau's Advance Retail Sales Report for August revealed a 0.6% increase in headline sales compared to July, marking the fifth consecutive month consumer spending has increased. The latest figure surpassed expectations of 0.2% monthly growth. Core sales (ex Autos) also exceeded expectations by registering 0.6% growth in August, defying the forecasted 0.2% increase.

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Small Cap Stocks With High FII Holdings – FII Favored Gems?

Trade Brains

Small Cap Stocks with High FII Holdings: Many investors prefer small cap stocks over mid cap and large cap companies in the hope of higher returns. With a low base and a huge addressable market, small companies can grow at a faster rate. To that, add an additional layer of high FII holding. But, how do you go about picking the best ones from such a large pool?

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How to Prepare for Open Enrollment

Your Richest Life

Open enrollment is the time of year when employees can change their workplace benefits, or enroll in new ones. For most companies, this happens every fall. So if your employer’s open enrollment season is coming up, here is what you need to know before you enroll. What does open enrollment include? Typically, open enrollment includes employer-sponsored health insurance and other workplace benefits.

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The Big Four Economic Indicators: Real Retail Sales Down 0.1% in August

Advisor Perspectives

Month-over-month nominal retail sales in August were up 0.6% and up 2.47% year-over-year. However, after adjusting for inflation, real retail sales were down 0.1% MoM and down 1.19% year-over-year.

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Digital Transformation's Impact on Account Opening for Banks

Digital transformation is a key component in improving the customer experience in an ever-changing landscape. Digital transformation in account opening is the integration of streamlined processes to enhance the customer journey. This is a great way for banks to stay competitive, as they can offer an improved experience that leads to higher customer satisfaction.

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Evaluating Your Billing & Payment Solution: Key Questions to Ask As a Financial Advisor

AdvicePay

Selecting the right billing and payment solution for your firm is crucial. Seriously, this decision can make or break your efficiency, client satisfaction, and overall success. So, as you’re going through the process of evaluating different solutions, it’s absolutely paramount to make an informed decision and ask the right questions. You don’t want to risk any inefficiencies, a subpar client experience, or even getting kicked off the platform you’re currently using.

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Cellecor Gadgets IPO Review – GMP, Details, Price & More

Trade Brains

Cellecor Gadgets IPO Review : Cellecor gadgets is coming up with its Initial Public Offering. This is an SME (small and medium size enterprise) which is going to be listed on NSE SME. The IPO will open for subscription on 15th September 2023, and closes on 20th September 2023. In this article, we will look into Cellecor gadgets IPO Review and analyse its strengths, weaknesses, GMP and more.

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Impact of Local Infrastructure Investments on a Portfolio

Advisor Perspectives

For the savvy private wealth investor, portfolio diversity is key to success. Investing in infrastructure is one option that can help you both optimize your portfolio and make a positive and meaningful impact on your local community.

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The Downfall of Dunzo? Ambani and Google-Backed Startup!

Trade Brains

The connection between Ambani and Dunzo began last year when Reliance Retail invested $200 million to acquire a little over 25% ownership in the Bengaluru-based startup. And as per reports, since July, Dunzo has been seeking at least $20 million, which is around Rs. 165 crore, more from Reliance Retail after it fell short of its target to raise $75 million by offering convertible notes.

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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

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Friday: Industrial Production, NY Fed Mfg

Calculated Risk

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 8:30 AM ET, The New York Fed Empire State manufacturing survey for September. The consensus is for a reading of -10.7, up from -19.0. • At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for August. The consensus is for a 0.1% increase in Industrial Production, and for Capacity Utilization to be unchanged at 79.3%. • At 10:00 AM, University of Michigan's Consumer sentimen

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What Shifting Stock-Bond Correlations Mean for Your Money

Wealth Management

The negative relationship of the past quarter century allowed investors to hedge equity risk effectively. That may now be changing.

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Part 2: Current State of the Housing Market; Overview for mid-September

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Part 2: Current State of the Housing Market; Overview for mid-September A brief excerpt: Yesterday, in Part 1: Current State of the Housing Market; Overview for mid-September I reviewed home inventory and sales. Most measures of house prices have shown an increase in prices over the last several months, and a key question I discussed in July is Will house prices decline further later this year?