The Big Picture
OCTOBER 20, 2023
“I need the US Dollar to be a store of value between the time I make it until I spend it, invest it, pay my taxes with it, or give it away. It does that splendidly.” 1 Today, we’re going to look at a perennial (un)favorite #chartfail. To be more precise, I want to discuss the type of chart that reflects a fundamental misunderstanding of the nature of money, currency, spending, investing, and taxes.
Abnormal Returns
OCTOBER 20, 2023
Economy Joe Weisenthal and Tracy Alloway talk with Jim Egan of Morgan Stanley about the impact of 8% mortgage rates. (podcasts.apple.com) Rick Rubin talks economics, music and more with Tyler Cowen. (podcasts.apple.com) Michael Klein talks with Amy Finkelstein author of "We’ve Got You Covered: Rebooting American Health Care." (econofact.org) Business Patrick O'Shaughnessy talks with John and Patrick Collison, co-founders of Stripe.
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The Big Picture
OCTOBER 20, 2023
My end-of-week morning train WFH reads: • Austin’s office market is exploding. But no one is moving in. 6 million square feet of new office space will hit the market in the next few years — equivalent to 105 football fields. Between spaces completed since 2020 and what’s still in the pipeline, the office market will grow nearly 25 percent — the fastest rate on the continent.
Nerd's Eye View
OCTOBER 20, 2023
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent study from Fidelity Institutional highlights the growing popularity of the RIA model and the success advisors have had after going independent. The study found that 1 in 6 advisors have moved firms in the past 5 years, with the majority opting for the independent channel.
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.
The Reformed Broker
OCTOBER 20, 2023
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Tom Lee, and Downtown Josh Brown discuss earnings, the liquidity starved bull market, economic indicators, the Fed’s next move, housing, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere el.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
OCTOBER 20, 2023
Sequoia is adding $930 million in assets, while Mercer, NewEdge Wealth and CoastalOne collectively brought in more than $1.13 billion. SageView, Linscomb & Williams and Pathstone all filled key roles.
Calculated Risk
OCTOBER 20, 2023
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from Danielle Hale: Weekly Housing Trends View — Data Week Ending Oct 14, 2023 • Active inventory declined, with for-sale homes lagging behind year ago levels by 2.7%. For 17 straight weeks, the number of homes available for sale has registered below that of the previous year. • New listings–a measure of sellers putting homes up for sale–were down again this week, by 4.4% from one year ago.
Wealth Management
OCTOBER 20, 2023
Innovayte, headed by Catherine “Cat” Davies, will seek to work with “entrepreneurial” independent RIAs and broker/dealers with between $100 million and $800 million in AUM.
Trade Brains
OCTOBER 20, 2023
Fundamental Analysis Of Zydus Lifesciences: Following the pandemic outbreak, global health issues have gained attention, resulting in a greater focus on pharmaceutical corporations. Zydus Lifesciences is one of these Indian pharmaceutical businesses. During the pandemic, the stock attained its all-time high but soon declined. However, it has since recovered and is now nearing its peak.
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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
OCTOBER 20, 2023
Joena Bartolini Mitchell accused her former supervisor of discriminating against her based on her gender, just one in a long list of sexual harassment instances at the firm she details.
NAIFA Advisor Today
OCTOBER 20, 2023
Before you head out for Trick-or-Treating, spend the afternoon preparing for Long-Term Care Awareness Month with NAIFA's Limited and Extended Care Planning Center. Executive Director, Carroll Golden, CLU, ChFC, CLTC, CASL, LECP, FLMI hosts a Halloween event, Don't Be Scared of Long-Term Care. This free event will feature some of the biggest names in the limited and long-term care space.
Advisor Perspectives
OCTOBER 20, 2023
The S&P 500 fell for 4 straight days to end the week, wiping out all prior gains made this month. The index is currently up 10.46% year to date and is 11.93% below its record close from January 3, 2022.
Integrity Financial Planning
OCTOBER 20, 2023
Golf is a rewarding and challenging activity that can be enjoyed by individuals of all ages, including retirees. It’s not just a game but an opportunity to stay physically active, mentally stimulated, and socially engaged. If you’re looking to get better scores out on the green, try out these key tips and strategies. Stretch and Get Loose First and foremost, prioritize your physical health.
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.
Advisor Perspectives
OCTOBER 20, 2023
The $25.8 trillion market for US Treasury debt is like the circulatory system for the world’s financial markets — everything else relies on it. In recent years blockages have occasionally formed, and central banks have had to step in to restore the money flow.
Wealth Management
OCTOBER 20, 2023
Some financial advisors discovered their calling early in life, while others found their passion in more serendipitous ways.
The Irrelevant Investor
OCTOBER 20, 2023
On today’s show, we spoke with Samir Kaji, CEO, President, and Co-Founder of Allocate to give us an update on Venture markets. See here to learn more about Allocate’s VC platform for advisors and family offices. On today’s show, we discuss: How VC has influenced everyday life Where private market prices should be today Remnants of the free-money era How VC-backed start-ups are surviving 2023 What VC invest.
Norman Marks
OCTOBER 20, 2023
To answer this question, we must first decide why we have an internal audit function. What value does it provide for any organization? My answer is that: An effective internal audit function provides the risk-based assurance, advice, and insight[1] that leadership needs for success[2].
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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.
Wealth Management
OCTOBER 20, 2023
At the FPA NextGen Gathering, several advisors shared the fears and challenges they faced entering the industry.
Discipline Funds
OCTOBER 20, 2023
Here are three things I think I am thinking about this weekend. 1) What’s the best inflation hedge? There’s always a lot of debate about what the best inflation hedge is. Is it gold, commodities, TIPS, stocks, Bitcoin, real assets or something else? It’s not as clear cut as we like to think and the last few years have only added to the confusion.
Wealth Management
OCTOBER 20, 2023
Reporting requirements are set to commence on January 1, 2024. Here's how to prepare.
Ron A. Rhodes
OCTOBER 20, 2023
The Spirit of Entrepreneurship I’m a big fan of the United States, the future of its economy, and, as a result, to possessing a home bias with respect to U.S.
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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!
Wealth Management
OCTOBER 20, 2023
At the NextGen FPA Gathering, the future for financial advisors looked promising.
WiserAdvisor
OCTOBER 20, 2023
Navigating the complexities of personal finance demands both reflection and foresight. A deep dive into our financial history reveals patterns, offers lessons, and provides benchmarks for improvement. Each past decision, be it an investment choice or a spending habit, contributes to our current financial status. Recognizing this, it becomes imperative to understand our financial trajectory up to this point.
Advisor Perspectives
OCTOBER 20, 2023
The weekly leading economic index (WLEI) is a composite for the U.S economy that draws from over 20 time-series and groups them into the following six broad categories which are then used to construct an equally weighted average. As of October 6th, the index was at 8.884, down 4.153 from the previous week.
Financial Symmetry
OCTOBER 20, 2023
Below is a video of our Third Quarter 2023 Market Update. In the video we cover: Where we’ve been over 1, 5, and 10 years A reminder that there’s always a reason to worry Should you invest less in stocks … Continued The post Market Update Q3 2023 appeared first on Financial Symmetry, Inc.
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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.
Calculated Risk
OCTOBER 20, 2023
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Due to changes at the CDC, weekly cases are no longer updated. For deaths, I'm currently using 3 weeks ago for "now", since the most recent two weeks will be revised significantly. Recently hospitalizations have more than doubled from a low of 5,150 in June 2023, but have declined over the last few weeks.
Carson Wealth
OCTOBER 20, 2023
Carson Group’s Chief Market Strategist Ryan Detrick and VP, Global Macro Strategist Sonu Varghese have been saying there won’t be a recession for a year now. Find out why they still hold strong on this viewpoint in their latest episode of Facts vs. Feelings: Take Five. Highlights include: Retail sales numbers show that consumer spending is strong Consumer sentiment is still low when it comes to the economy More spending means good news for stocks Earnings could be the catalyst for an end-of-year
Calculated Risk
OCTOBER 20, 2023
From STR: U.S. hotel results for week ending 14 October U.S. hotel performance increased from the previous week, and year-over-year comparisons remained mixed, according to CoStar’s latest data through 14 October. 8-14 October 2023 (percentage change from comparable week in 2022): • Occupancy: 68.5% (-2.3%) • Average daily rate (ADR): US$164.25 (+3.2%) • Revenue per available room (RevPAR): US$112.51 (+0.8%) emphasis added The following graph shows the seasonal pattern for the hotel occupancy ra
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