Thu.Sep 12, 2024

article thumbnail

Longform links: dealing with trolls

Abnormal Returns

Books An excerpt from Tim Harford’s book, “The Undercover Economist Strikes Back.” (on.ft.com) A Q&A with Alison Fragle author of "Likeable Badass: How Women Get the Success They Deserve." (annieduke.substack.com) AI Why AI really could disrupt work. (danielmiessler.com) Just how transformational is AI in the big picture? (thezvi.substack.com) 11 predictions about AI including 'AI will create more disruption than profit.

Retail 236
article thumbnail

Fed's Flow of Funds: Household Net Worth Increased $2.8 Trillion in Q2

Calculated Risk

The Federal Reserve released the Q2 2024 Flow of Funds report today: Financial Accounts of the United States. The net worth of households and nonprofits rose to $163.8 trillion during the second quarter of 2024. The value of directly and indirectly held corporate equities increased $0.7 trillion and the value of real estate increased $1.8 trillion. Household debt increased 3.2 percent at an annual rate in the second quarter of 2024.

Nonprofit 133
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Thursday links: the gadget aisle

Abnormal Returns

Apple How the new AirPod Pros 2 could upend the hearing aid industry. (cnbc.com) Why it's smart for Apple ($AAPL) to add a Camera Control button to the new iPhones. (macworld.com) The iPhone camera is going to be an onramp for 'visual AI.' (om.co) The iPhone 16s are not 'AI phones.' (spyglass.org) Companies Kevin Plank has a tough job in his second go-round as Under Armour ($UA) CEO.

article thumbnail

The "Home ATM" Mostly Closed in Q2

Calculated Risk

Today, in the Real Estate Newsletter: The "Home ATM" Mostly Closed in Q2 Excerpt: During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent housing bust, since so many homeowners had negative equity in their homes when house prices declined.

article thumbnail

If It Aint Broke, Don’t Fix It: A Dangerous Mindset

Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be

article thumbnail

What Happens to the Money Market Cash on the Sidelines?

A Wealth of Common Sense

Our resident estate expert, Taylor Hollis, joined me on the show this week to discuss questions about CD rates, how trusts work, how to protect your finances from an illness in the family and paying off student loans with a 401k loan. Further Reading: How Individual Retirement Accounts Changed the Stock Market Forever 1Assets did fall and then stagnated coming out of the Great Financial Crisis but that was a period with.

Marketing 110

More Trending

article thumbnail

$3.6B Cetera OSJ Recruits Advisor to Lead New Family Office Division

Wealth Management

Cetera-backed Wilde Wealth Management Group has brought on Drew Kliber, who managed $400 million in assets at UBS, as head of its W Family Office division.

article thumbnail

CoreLogic: 1.11 million Homeowners with Negative Equity in Q2 2024

Calculated Risk

From CoreLogic: CoreLogic: US Homeowners See Equity Gains Continue to Climb, but at a Slower Pace in Q2 CoreLogic®. today released the  Homeowner Equity Report (HER)  for the second quarter of 2024. The report shows that U.S. homeowners with mortgages (which account for roughly 62% of all properties) saw home equity increase by 8.0% year over year, representing a collective gain of $1.3 trillion and an average increase of $25,000 per borrower since the second quarter of 2023, bringing the total

Numbers 93
article thumbnail

Wealth Management Industry Awards: On the Red Carpet with Kevin Darlington

Wealth Management

Listen as Kevin Darlington General Manger, Broadridge, asks what advisor challenge is your firm trying to solve?, What do you hope to see happen in the wealth management space over the next ten years?, How will your firm continue to evolve to meet the future needs of advisor's?

article thumbnail

Weekly Initial Unemployment Claims Increase to 230,000

Calculated Risk

The DOL reported : In the week ending September 7, the advance figure for seasonally adjusted initial claims was 230,000 , an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 227,000 to 228,000. The 4-week moving average was 230,750, an increase of 500 from the previous week's revised average.

81
article thumbnail

4 Things Great Companies Do to Improve Cash Flow

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

article thumbnail

The Diamond Podcast for Financial Advisors: An Advisor’s Guide to Thinking Through Their Biggest Decision

Wealth Management

Jason Diamond and Mindy Diamond discuss her new book, Should I Stay or Should I Go?, created specifically for financial advisors who are looking to optimize their business.

article thumbnail

Diversified Celebrates Major Milestone with SEI

SEI

Deepened Relationship Highlights Continued Stability, Supports Acquisitions, and Powers Growth

105
105
article thumbnail

Focused on the Future: Brian Hamburger’s Advice to Advisors and Firms

Wealth Management

MarketCounsel founder Brian Hambruger explains why "hope is not a plan" and the pitfalls advisors and firms face in transition.

Planning 113
article thumbnail

How to Prepare for Lower Interest Rates

MainStreet Financial Planning

Interest rates are expected to drop soon, and this shift presents both opportunities and challenges for savers, investors, and anyone managing debt. As we face these changes, it’s crucial to be proactive in how you approach your financial strategy. From locking in high yields on savings accounts to refinancing loans and adjusting your investment portfolio, there are steps you can take today to maximize the benefits of lower rates.

article thumbnail

Pricing for Profit: How to Set, Negotiate, and Succeed

Speaker: Igli Laci, Strategic Finance Leader

In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a

article thumbnail

Wealth Management Industry Awards: On the Red Carpet with Kevin Darlington

Wealth Management

Listen as Kevin Darlington General Manger, Broadridge, asks what advisor challenge is your firm trying to solve?, What do you hope to see happen in the wealth management space over the next ten years?, How will your firm continue to evolve to meet the future needs of advisor's?

article thumbnail

Friday: Misc

Calculated Risk

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 10:00 AM: University of Michigan's Consumer sentiment index (Preliminary for September).

72
article thumbnail

Focused on the Future: Brian Hamburger’s Advice to Advisors and Firms

Wealth Management

The MarketCounsel founder explains why "hope is not a plan" and the common pitfalls that advisors and firms face in transition.

Planning 104
article thumbnail

Realtor.com Reports Active Inventory Up 33.4% YoY

Calculated Risk

What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For August, Realtor.com reported inventory was up 5.8% YoY, but still down 26.4% compared to the 2017 to 2019 same month levels. Now - on a weekly basis - inventory is up 33.4% YoY. Realtor.com has monthly and weekly data on the existing home market.

Sales 72
article thumbnail

Benchmarking ROI with Forrester: Measuring the Success of Finance Transformation

Finance Transformation Myths Busted Over 75% of organizations struggle to define the right success metrics to benchmark the impact of their finance transformation investment. Whether you are just initiating your digital transformation journey or planning to pitch your next AI project to leadership, without the right metrics and a rigorous tracking process - all your efforts might go to waste!

article thumbnail

Wealth Management Industry Awards: On the Red Carpet with Alexander Matos

Wealth Management

Listen as Alexander Matos AVP, Business Consulting, Kestra Financial , asks how will your firm continue to evolve to meet the future needs of advisors.

article thumbnail

Indian stocks that can benefit from bangladesh+1 strategy 

Trade Brains

Recent political turmoil in Bangladesh, marked by violent protests over job quotas, has sent shockwaves through the South Asian textile industry. This upheaval not only poses security risks in India’s neighborhood but also creates significant implications for Indian companies, particularly those in the textile sector. The resulting “Bangladesh+1” strategy adopted by global brands opens new avenues for Indian textile exporters, potentially reshaping the regional industry landsca

article thumbnail

Wealth Management Industry Awards: On the Red Carpet with Sarah Mulcahy

Wealth Management

Listen as Sarah Mulcahy AVP, Business Consulting, Kestra Financial , asks how will your firm continue to evolve to meet the future needs of advisors.

article thumbnail

Producer Price Index: Wholesale Inflation Increases in August

Advisor Perspectives

Wholesale inflation increased more than expected last month. The producer price index for final demand increased 0.2% month-over-month (s.a.). On an annual basis, headline PPI decelerated from 2.1% in July to 1.7% in August.

59
article thumbnail

How to Navigate Revenue and Expense Management: Competitive Insights for Financial Success

Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!

article thumbnail

Wealth Management Industry Awards: On the Red Carpet with Dan Zitting

Wealth Management

Listen as Dan Zitting AVP, Business Consulting, Kestra Financial , asks how will your firm continue to evolve to meet the future needs of advisors.

article thumbnail

Private Debt Looks for Growth as Traditional Capital Flatlines

Advisor Perspectives

Institutional investors, which have traditionally made up private debt’s largest pool of money, are no longer a source of growth for the $1.7 trillion industry.

59
article thumbnail

SEC Fines eToro $1.5M For Acting as Unregistered Broker Over Crypto Trading

Wealth Management

Additionally, the firm agreed that Bitcoin, Bitcoin Cash and Ether would be the only crypto assets U.S. customers could trade on its platform.

Assets 105
article thumbnail

India’s Most Demanded IPOs: List of IPOs that Received the Highest Applicants

Trade Brains

Initial Public Offerings (IPOs) in India often draw immense interest from retail and institutional investors alike. With the opportunity to participate in the growth stories of some of the country’s largest companies, IPOs have become a key entry point for investors looking to maximize returns. Over the years, a few IPOs have made history by attracting massive numbers of applicants, reflecting the high confidence and expectations from both retail and institutional investors.

article thumbnail

2024 Lending Outlook: Innovations and Evolutions in the Financial Sector

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.

article thumbnail

Wells Fargo Fined $3M For Missing 'Unsuitable' Short-Term Trades

Wealth Management

FINRA says multiple reps at the wirehouse recommended short-term buying and selling of securities meant to be held long term.

112
112
article thumbnail

Are You Sure Your Diversifiers Actually Provide Diversification?

Random Roger's Retirement Planning

This will be fun. Meb Faber asked via Twitter for input on well known buy and hold strategies for some research or maybe to update previous work. He gave examples like Risk Parity, Permanent Portfolio, Talmud (never heard of that one), the Endowment Portfolio and there were comments for others including the Ivy Portfolio which is different from the Endowment Portfolio.

article thumbnail

Wealth Management Industry Awards: On the Red Carpet with Cor Haekstra

Wealth Management

Listen as Cor Haekstra AVP, Business Consulting, Kestra Financial , asks how will your firm continue to evolve to meet the future needs of advisors.