Abnormal Returns

DECEMBER 3, 2023

Also on the site On the end of the influential The Reformed Broker blog. (abnormalreturns.com) Top clicks this week Why market timing is so difficult. (ritholtz.com) On the Magnificent 7 vs. Other 493 narrative. (investmenttalk.co) Jason Zweig, "More than almost anyone I’ve ever known, Munger also possessed what philosophers call epistemic humility: a profound sense of how little anyone can know and how important it is to open and change your mind.

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A Wealth of Common Sense

DECEMBER 3, 2023

After Charlie Munger passed away this week, I went looking through an old post I wrote about his investing principles from a decade ago. There was a table I recreated that showed the annual returns from the Munger Partnership, which was the fund he ran before joining Buffett at Berkshire Hathaway for good: The results are spectacular but look at how volatile his returns were.

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Abnormal Returns

DECEMBER 3, 2023

Markets Should you care what Wall Street strategists have to say about 2024? (tker.co) There are a lot of stocks, especially on the Nasdaq, trading below $1 a share. (wsj.com) Strategy Remember all that talk about how the 60/40 portfolio was broken? (nytimes.com) It's easy to load up on cash, harder to put it to work. (awealthofcommonsense.com) There are a lot of different asset allocations you can live with.

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Asset Allocation Financial Advising Startup Economy 202

Million Dollar Round Table (MDRT)

DECEMBER 3, 2023

By Alessandro M. Forte, FCII, CFP My podcast was born of a desire to pass on the lovely anecdotes I was discovering when meeting some of my better-known clients. They would often share these amazing stories about how they achieved success or overcame challenges in life. One day, I mentioned to my son, Tom, I was going to take all the anecdotes and put them in a book.

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Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

Accounting

The Irrelevant Investor

DECEMBER 3, 2023

Today’s show is brought to you by Teucrium We had Sal Gilbertie, CEO of Teucrium on the show to get an update on global commodity markets in 2023. On today’s show, we discuss: Where the name Teucrium comes from An update on supply and demand dynamics in agricultural markets The golden grain cycle The cost of production and expected returns for commodities Teucriums long short agricultural fund How everyone got the p.

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Marketing Marketing 76

Random Roger's Retirement Planning

DECEMBER 3, 2023

It wouldn't surprise me if I've used that title before. Barron's writes several times a year about the "opportunities" in closed end funds (CEFs). It seems like it's always the same article, citing the discounts to NAVs being high, making the funds cheap and this weekend's article is no different. The basic mechanics of CEFs is they are exchange traded but unlike ETFs which create or redeem shares based on money coming and going, CEFs have a fixed number of shares so open market buying and selli

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Portfolio Accounting Numbers Taxes 68

Calculated Risk

DECEMBER 3, 2023

From STR: U.S. hotel results for week ending 25 November As expected due to the Thanksgiving holiday, U.S. hotel performance fell from the previous week, according to CoStar’s latest data through 25 November. 19-25 November 2023 (percentage change from comparable week in 2022): • Occupancy: 49.4% (-1.4%) • Average daily rate (ADR): US$138.29 (+0.9%) • Revenue per available room (RevPAR): US$68.32 (-0.6%) emphasis added The following graph shows the seasonal pattern for the hotel occupancy rate u

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Trade Brains

DECEMBER 3, 2023

Best Midcap Stocks with High ROE : If an Investor were given a choice to pick just One Ratio , when picking a stock, What do you think is the best ratio? The ratio, of course, has to be more specific to the returns generated to the shareholder, than anything else. If you haven’t guessed it already, the ratio is none other than the Return on Equity.

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oXYGen Financial

DECEMBER 3, 2023

![CDATA[ The holiday season is upon us, and as we immerse ourselves in the joy of giving and receiving, it's essential to be mindful of the return policies that accompany our festive purchases. With the rise of online shopping and the culmination of Black Friday and Cyber Monday deals, consumers must be aware that return policies this holiday season are becoming more stringent.

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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.

Banking

WiserAdvisor

DECEMBER 3, 2023

Creating a well-diversified portfolio is a pivotal task in investing. However, your work is far from complete, even after drafting a diversified portfolio. It is also essential to recheck your allocation from time to time. Rebalancing is a critical step that can help you optimize your portfolio’s performance. This practice involves periodic adjustments to your investments to ensure they align with your financial objectives.

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Advisor Perspectives

DECEMBER 3, 2023

The life story of Charlie Munger, who passed away on Tuesday at age 99, serves as a shining example of the enduring American Dream, especially now at a time when many people doubt whether the promise of a better life is still intact.

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The Big Picture

DECEMBER 3, 2023

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • A Trump dictatorship is increasingly inevitable. We should stop pretending. The magical-thinking phase is ending. Barring some miracle, Trump will soon be the presumptive Republican nominee for president. When that happens, there will be a swift and dramatic shift in the political power dynamic, in his favor.

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Advisor Perspectives

DECEMBER 3, 2023

Our 2023 Manager ESG Survey shows that transparency around DEI data is increasing among investment managers. The results reveal that equity product managers in particular are more inclined to share DEI data compared to managers in other asset classes.

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Management Investing Investments Assets 52

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.

Financial Advice

Advisor Perspectives

DECEMBER 3, 2023

In a turnaround from last year, there is renewed interest in the fixed income asset class as yields have risen. Ed Perks, CIO of Franklin Income Investors, shares his analysis of recent macro developments and where he sees opportunities for income.

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Marketing Marketing Assets 52

Advisor Perspectives

DECEMBER 3, 2023

Back in the Great Financial Crisis era, someone quipped that the federal government had become a giant hedge fund with an army attached. That wasn’t far off. Various agencies and entities were absorbing all kinds of risky assets to stabilize an overleveraged system.

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Healthcare Government Assets 40

Advisor Perspectives

DECEMBER 3, 2023

Many advisors and investors in 2023 have turned to fixed income ETFs with an average duration of less than one year. Taking on very little interest rate risk through duration has been rewarding as well.

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Advisor Perspectives

DECEMBER 3, 2023

Tax-loss harvesting creates an opportunity every year for advisors to turn lemons into lemonade. Advisors can realize losses that their clients experienced during the year and use them to offset realized gains in other parts of their portfolio.

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Taxes Portfolio Clients 52

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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.

Banking

Advisor Perspectives

DECEMBER 3, 2023

Generative artificial intelligence has a reliability problem. Here’s how investors can gain confidence in portfolios that deploy the technology.

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Investing Investments Portfolio 52