Sun.Mar 05, 2023

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Update: Framing Lumber Prices Down 72% YoY, Below Pre-Pandemic Levels

Calculated Risk

Here is another monthly update on framing lumber prices. This graph shows CME random length framing futures through March 3rd. Lumber is currently at $369 per 1000 board feet. This is down from the peak of $1,733, and down 72% from $1,441 a year ago. Prices are down 8% compared to the same week in 2019, and below the pre-pandemic levels of around $400.

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Top clicks this week on Abnormal Returns

Abnormal Returns

Top clicks this week Some of the best nuggets from Warren Buffet's latest shareholder letter. (investmenttalk.substack.com) Do stocks always outperform bonds over the long run? (mailchi.mp) Eight personal finance debates you can pretty much ignore. (thomaskopelman.com) Is it really a mistake to have saved too much for retirement? (humbledollar.com) A look at how to 'avoid financial disasters' for HNW individuals.

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How Much Do Americans Have Saved For Retirement?

A Wealth of Common Sense

According to the Bureau of Labor Statistics, nearly 70% of private industry workers had access to a workplace retirement plan in 2021. Just 51% of them participated in those plans. It’s estimated more than 100 million Americans are covered by a defined contribution retirement plan. Those plans hold something like $11 trillion. That’s a lot of money but is it enough to retire comfortably?

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Sunday Night Futures

Calculated Risk

Weekend: • Schedule for Week of March 5, 2023 Monday: • No major economic releases scheduled. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 futures are down 4 and DOW futures are down 30 (fair value). Oil prices were up over the last week with WTI futures at $79.68 per barrel and Brent at $85.83 per barrel. A year ago, WTI was at $116, and Brent was at $124 - so WTI oil prices are DOWN 30% year-over-year.

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2025 Industry Index: How Top Advisors Are Scaling Smarter (and Faster) This Year

Where are top advisors focusing in 2025? AcquireUp’s 2025 Industry Index reveals it all. Based on insights from 200+ financial professionals nationwide, discover why 74% say seminars and referrals deliver the best ROI, how automation is helping advisors scale faster, and why only 8% are tapping into niche marketing (a major growth opportunity!). Whether you're refining your client acquisition strategy or scaling your practice, this report gives you the real-world data, benchmarks, and action ste

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Sunday links: stressful investments

Abnormal Returns

Markets Defensive sectors have underperformed this year. (theirrelevantinvestor.com) It's no wonder U.S. investors have shunned international stocks. (freedomdaysolutions.com) Companies American railroad companies are at risk of greater political pressure and regulatory action. (rationalwalk.com) Companies are pushing customers into more premium products.

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Does your practice fit the formula of a successful organization?

Million Dollar Round Table (MDRT)

By Matt Pais, MDRT Content Specialist Whether you’re a new or a veteran advisor, you know that a thriving business relies on a combination of a lot of moving parts. In his 2014 Annual Meeting presentation “Essence of excellence,” John Spence, who at 26 oversaw projects in 20 countries as CEO of an international Rockefeller foundation, identified business achievement as the product of a formula: (T+C+ECF) X DE = success.

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Will Your Retirement Savings Be Enough?

Integrity Financial Planning

Are you unsure of how much money you will need in retirement? This is a very common concern for Americans as they approach retirement age. This blog will give you some tips on how to begin estimating your needs in the future, as well as some tips on how to increase the longevity of your savings. How Much Should I Spend? One of the easiest ways to judge how much money you will need in retirement is to take stock of how much money you need right now. [1] Track your expenses and see how much money

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Talk Your Book: A Bull Market in Tickers

The Irrelevant Investor

Today’s Talk Your Book is brought to you by Direxion: On today’s show, we spoke with Ed Egilinsky, Managing Director and Head of Alternatives to discuss the use of leverage in a portfolio and thematics for 2023. On today’s show, we discuss: How leveraged strategies work Direxion’s various leveraged strategies How inverse v leveraged inverse funds work in down markets What leveraged funds are used for Cos.

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[cdata[ Reverse-Boomerang Effect Coming to a House Near You? ]]

oXYGen Financial

![CDATA[ As people age, they often find that their living situations no longer meet their needs. Whether it's due to health issues, financial constraints, or a desire to simplify their lives, older adults may choose to move in with their adult children. This phenomenon is known as the "reverse-boomerang effect," and it has become increasingly common in recent years.

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10 Sunday Reads

The Big Picture

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The age of the Silicon Valley ‘moonshot’ is over :Big Tech’s cost-cutting and layoffs are another nail in the coffin for the industry’s most ambitious and costly projects. ( Washington Post ) • Rupert Murdoch’s deposition in $1.6 billion defamation case is ‘a nightmare’ for Fox News, legal experts say : First Amendment scholars say defamation case against Fox News is “unusually strong.” ( Grid ) see also

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Data Talks, CFOs Listen: Why Analytics Are Key To Better Spend Management

Speaker: Claire Grosjean, Global Finance & Operations Executive

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.