Thu.Dec 01, 2022

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Why they clapped for Sam Bankman-Fried

The Reformed Broker

LET’S GIVE A ROUND OF APPLAUSE TO SAM BANKMAN-FRIED pic.twitter.com/HIVB3nTX2V — The_Real_Fly (@The_Real_Fly) November 30, 2022 Last night’s interview between the New York Times’ Andrew Ross Sorkin and Sam Bankman-Fried ended with the host thanking the accused criminal mastermind for coming, despite the protestations of his lawyers.

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As Case-Shiller Home Prices Decline, The Fed Finally Admits a Housing Bubble

Mish Talk

Case-Shiller home price data via St. Louis Fed, chart by Mish. Home Price Synopsis Home prices have peaked this cycle but the decline is certainly tiny compared to the run up. Case-Shiller data lags.

Sales 257
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Bottoming?

The Big Picture

As we have been discussing since May of this year, there are increasing signs we have been groping for a bottom in the equity markets. This “Process” is not a single event but rather, a series of events the totality of which increasingly weighs the probability towards that positive resolution.

Economy 202
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Manufacturing Has Peaked This Cycle, 8 of 11 ISM Components in Contraction

Mish Talk

ISM chart and details below by permission of the Institute for Supply Management. Please consider the November 2022 Manufacturing ISM ® Report On Business ® “Manufacturing contracted in November after expanding for 29 straight months.

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The CPA Firm Growth Strategy: From Compliance to Consulting

Speaker: Rita Keller - President of Keller Advisors, LLC

Join Rita Keller, seasoned CPA firm management strategist and consultant, for an insightful discussion on the importance of diversifying your accounting skills.

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Kitces & Carl Ep 100: Is Advisor Technology Really About Making Planning Faster… Or Better?

Nerd's Eye View

As financial planning has evolved over the years, better tools have become available to help advisors maximize their impact with more clients by increasing their efficiency.

Planning 191

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10 Thursday AM Reads

The Big Picture

Welcome to December!

Valuation 189
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Heading Into Recession, There Is a Huge Excess of Real Private Inventories

Mish Talk

Real, inflation-adjusted inventory data from the BEA via St. Louis Fed, chart by Mish. The chart shows "real" inflation-adjusted inventories. The index year is 2012. In four of the last six recession, inventories continued to build well into recession.

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Thursday links: luxury goods gone bad

Abnormal Returns

Markets How major asset classes performed in November 2022. capitalspectator.com) Lumber is the worst performing commodity of 2022. marketwatch.com) So-called 'zero day' options trading is booming. ft.com) FTX FTX's collapse was a crime, not an accident.

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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: Bunge, Simon Property & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker

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Book of Secrets for the Month-End Close

Developing a consistent month-end close doesn’t need to be a mystery. We’re sharing our top 10 secrets (plus one bonus!) for streamlining your close.

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The Business Brew – The Portfolio You Need

Pragmatic Capitalism

Sorry for the radio silence recently. I went on my first vacation in two years over the Thanksgiving week. But now we’re back and getting ready for 2023. I was [ …

Portfolio 129
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Is Real Estate a Better Investment Than the Stock Market?

A Wealth of Common Sense

A reader asks: We own a cash-flowing rental property with a sub-3% mortgage with 28 years remaining. On the Aug 18th episode of Portfolio Rescue, Barry said “Real estate more or less returns zero net of inflation.”

Portfolio 102
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Feasting on a Full Plate of Concerns

Investing Caffeine

Investors and Thanksgiving feasters alike had a full plate to consume last month – and there has been a lot to digest.

CFP 91
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DIY Trend-Following Allocations: December 2022

Alpha Architect

No exposure to domestic equities. Partial exposure to international equities. No exposure to REITs. Full exposure to commodities. No exposure to intermediate-term bonds. DIY Trend-Following Allocations: December 2022 was originally published at Alpha Architect.

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Quick Guide to Digital Lending for Regional & Community Banks

Ever wonder how some regional and community banks are able to outperform their larger rivals? One of the biggest keys to this success lies in digital transformation. In fact, digital lending technologies are helping banks make the transition faster so they can compete more effectively. Read this eBook to learn how to use lending technology to transform your bank’s outcomes, too!

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Best practices for managing cash on the sidelines to mitigate inflation

Nationwide Financial

Key findings. A quickly accelerating inflation rate coupled with periods of unprecedented market volatility and negative returns have many clients holding large portions of their assets in cash — particularly in money markets.

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Five Ways to Combat Money Stress

Your Richest Life

If you’re feeling stressed about money right now, you’re not alone. A 2022 study from the American Psychological Association found that 65 percent of respondents felt that finances were a significant source of stress. .

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Fannie Mae: Mortgage Serious Delinquency Rate Decreased in October

Calculated Risk

Fannie Mae reported that the Single-Family Serious Delinquency decreased to 0.67% in October from 0.69% in September. The serious delinquency rate is down from 1.46% in October 2021. This is close to pre-pandemic levels.

Portfolio 111
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The Compound and Friends: The Game Has Changed

The Irrelevant Investor

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Top 7 Global Employment Challenges

Global expansion brings many opportunities for companies. However, there are pitfalls along the way that can slow down progress. In this eBook, we look at the 7 key challenges to global growth, and ways to minimize expansion headaches.

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Seeing family members as separate clients rather than one unit 

Million Dollar Round Table (MDRT)

By Tristan Karl Robert Hartey You spend years developing a relationship with a client, and eventually they are going to pass away.

Clients 71
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Wealth Enhancement Group Acquires $237M Ginsburg Financial Advisors

Wealth Management

Second Oakland deal in two weeks is WEG's 13th acquisition this year

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How Much Should I Be Saving in My 20s?

Carson Wealth

Craig Lemoine, Ph.D., CFP ® , Director of Consumer Investment Research. and Jamie Hopkins,?Esq., LLM, CFP ® , ChFC ® , CLU ® , RICP ® ,? Managing Partner, Wealth Solutions? . Your 20s signify the beginning of a professional life. Careers, work and responsibility. Possibly a partner or children. .

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Mercer Advisors Acquires $5B Regis Management Company

Wealth Management

Mercer's latest acquisition adds $5 billion, multigenerational expertise to its platform

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Global Hiring Guide: Top Emerging Fintech Hubs

The fintech industry is growing exponentially. Companies can find the talent they need in top emerging fintech hubs around the world. Highly skilled global candidates are available to hire — companies just need to know where to look for them.

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Ten Steps To Creating A Solid Financial Plan For Yourself

Clever Girl Finance

No one cares about your financial well-being more than you, so it's important to have a financial plan for yourself. Knowing how to make a financial plan will allow you to save money, afford the things you really want, and achieve long-term goals like saving for college and retirement.

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Texts for Holiday Cards to Grieving Clients

Wealth Management

The holidays are not always "happy" for all clients

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ISM® Manufacturing index Declined to 49.0% in November

Calculated Risk

(Posted with permission). The ISM manufacturing index indicated contraction. The PMI® was at 49.0% in November, down from 50.2% in October. The employment index was at 48.4%, down from 50.0% last month, and the new orders index was at 47.2%, down from 49.2%.

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EP Wealth Advisors Acquires Warren Financial Services & Associates

Wealth Management

EP Wealth picks up its second East Coast firm, adding $274M in assets

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The HR Compliance Playbook: How to Improve Speed-to-Hire

Every global growth to-do list should begin with compliance. Navigating international jurisdictions can be complex and time-consuming, but with solid, up-to-date compliance procedures, companies can maximize efficiency, speed-to-hire, and mitigate risks.

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Weekly Unemployment Claims: Down 16K, Beats Forecast

Advisor Perspectives

This morning's seasonally adjusted 225K new claims, down 16k from the previous week's revised figure, was better than the Investing.com forecast of 235K

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How Eight Firms Are Investing in a Changing CRE Environment

Wealth Management

As interest rates continue to rise and economic forecasts remain murky, what are commercial real estate investors doing to raise capital and reach their desired returns

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Senate votes against measure providing paid sick leave to rail workers

MarketWatch

The U.S. Senate on Thursday voted against a House-passed measure that would require rail companies to provide workers with seven days of paid sick leave per year. There were 52 senators backing it, while 43 opposed it, and 60 votes for it were needed.