The Big Picture
JULY 27, 2022
Today is Fed day, when we get the 75 bps increase that dramatically increases the odds of a recession. The main storyline is inflation, but the overlooked subplot here is Wages. I have detailed over the past decade or so the lagging nature of wages in America — deflationary in economic terms — and how that had begun to change in the late 2010s pre-pandemic.
Nerd's Eye View
JULY 27, 2022
Financial planning is both an art and a science. While an advisor needs technical financial planning knowledge to create and implement plans for clients, soft skills that involve effective communication and relationship building are also crucial to both relate to prospects and clients and to understand their needs. Further, one of the most important qualitative ways an advisor can add value to clients is by helping them identify and select meaningful goals.
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Abnormal Returns
JULY 27, 2022
Markets When the risk-free rises, a lot of calculations change. (fortunesandfrictions.com) Putting your investment losses into perspective. (allstarcharts.com) Technology Mark Zuckerberg has put Facebook ($META) employees on notice. (theverge.com) The semiconductor shortage is easing, but it is not across-the-board. (wired.com) Twitter ($TWTR) is cutting back its office space.
Nerd's Eye View
JULY 27, 2022
Financial planning is both an art and a science. While an advisor needs technical financial planning knowledge to create and implement plans for clients, soft skills that involve effective communication and relationship building are also crucial to both relate to prospects and clients and to understand their needs. Further, one of the most important qualitative ways an advisor can add value to clients is by helping them identify and select meaningful goals.
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
Abnormal Returns
JULY 27, 2022
HNW Money lessons learned from the Vanderbilts. (humbledollar.com) Why wealthy investors love real estate so much. (klementoninvesting.substack.com) Securities-based lending continues to grow despite of a bear market. (wsj.com) Real estate Home renovations are not a great investment. (awealthofcommonsense.com) A new options for retirees looking to age in place.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
The Irrelevant Investor
JULY 27, 2022
Today’s Animal Spirits is brought to you by Nasdaq and Composer: See here for Nasdaq’s research on the shifting profile of retail investors. See here for more info on Composers’ rules-based strategies On today’s show we discuss: Rich people keep spending money The upper-middle class is getting squeezed What is a recession? Walmart issues a profit warning Home price growth slowed for the secon.
Trade Brains
JULY 27, 2022
Tata Communications Vs Tata Teleservices: The Tata Group is one of the oldest and most prestigious business groups in India. It is a value-based corporation, a visionary, a pioneer and a leader since 1868. Jamsetji Tata set up a trading firm in 1868. Today, the operating companies of the group lead the nation in ten business verticals. The group has 29 publicly listed companies.
Wealth Management
JULY 27, 2022
As the larger tech sector has experienced a valuation reset, venture capital investors in proptech are taking a much more careful stance, wanting to see a clear path to profits.
Validea
JULY 27, 2022
By Justin Carbonneau ( @jjcarbonneau ) —. NASA recently released images from the James Webb Telescope , the most powerful telescope ever. With gold plated mirrors and at about half the size of a 757 aircraft, the telescope is now providing researchers with some of the deepest, most detailed images of the universe ever observed. Through the use of infrared technology, the telescope has produced some incredible early imagery dating back eons – the picture above is the galaxy cluster SMACS 0723 as
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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
JULY 27, 2022
Hotel occupancy rates are up, but companies are struggling to staff up to meet demand, reports The Wall Street Journal. REITs are preparing for new climate reporting guidelines in the advance of the SEC finalizing new rules. These are among today’s must reads from around the commercial real estate industry.
Carson Wealth
JULY 27, 2022
By Scott Kubie, Senior Investment Strategist . . The first half of the year proved challenging for even the most hardened of investors. High inflation. Continual losses in the S&P 500. Bear market. Fed rate hikes. It all added up to the third most volatile market in 25 years. And while the economy isn’t going to just turn on a dime and recover overnight, there is hope for a better second half of the year.
Covisum
JULY 27, 2022
If you haven't already, it's essential to take the time to familiarize yourself with the latest Social Security Trustees report. The solvency issues are a significant concern for people on the cusp of retirement today since the depletion date outlined in the report, 2034, is well within their life expectancy. As you're discussing Social Security benefits and how they fit in the context of the retirement strategy , it's important to note that the Social Security trust fund is scheduled to run out
Calculated Risk
JULY 27, 2022
Today, in the Calculated Risk Real Estate Newsletter: Real House Prices and Price-to-Rent Ratio in May Excerpt: It has been over 16 years since the bubble peak. In the Case-Shiller release yesterday, the seasonally adjusted National Index (SA), was reported as being 65% above the bubble peak in 2006. However, in real terms, the National index (SA) is about 16% above the bubble peak (and historically there has been an upward slope to real house prices).
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.
Wealth Management
JULY 27, 2022
According to a recent study, the more a personality corresponds to these characteristics, the wealthier the entrepreneur.
Calculated Risk
JULY 27, 2022
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 1.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 22, 2022. The Refinance Index decreased 4 percent from the previous week and was 83 percent lower than the same week one year ago.
Wealth Management
JULY 27, 2022
The firm is giving the business-building tools away for free to all advisors, with an eye toward building client communities around the platform.
Calculated Risk
JULY 27, 2022
From the NAR: Pending Home Sales Fell 8.6% in June Pending home sales decreased in June, following a slight increase in May, according to the National Association of REALTORS®. All four major regions posted month-over-month and year-over-year pullbacks, the largest of which occurred in the West. The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, dipped 8.6% to 91.0 in June.
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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.
MainStreet Financial Planning
JULY 27, 2022
A few years ago, my family decided to adopt two new kittens. We have always had cats in our family. They usually live relatively long lives, but ultimately, they seem to come down with either Thyroid issues, Diabetes or Cancer. Most of these can be managed with medicine and prolong your pet’s life if you are willing to foot the bill. So, when we adopted the kittens, I decided to research pet insurance to see if it would be the right fit for our needs.
Calculated Risk
JULY 27, 2022
Fed Chair Powell press conference video here or on YouTube here , starting at 2:30 PM ET. FOMC Statement: Recent indicators of spending and production have softened. Nonetheless, job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures.
Wealth Management
JULY 27, 2022
The company says the technology now brings “artificial intelligence” to all aspects of advisor marketing.
A Wealth of Common Sense
JULY 27, 2022
Today’s Animal Spirits is brought to you by Nasdaq and Composer: See here for Nasdaq’s research on the shifting profile of retail investors. See here for more info on Composers’ rules-based strategies On today’s show we discuss: Rich people keep spending money The upper-middle class is getting squeezed What is a recession? Walmart issues a profit warning Home price growth slowed for the secon.
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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
JULY 27, 2022
An application process designed to move along applications for tax exempt status has turned into a free-for-all.
Random Roger's Retirement Planning
JULY 27, 2022
In my ongoing quest to redefine portfolio construction, I've mentioned labeling asset classes based on their attributes versus just their proper names like growth which could include more than just equities or inflation protected which could include more than just TIPS and so on. This brings us to today and new thought I had about this. We talk frequently about portfolios being relatively simple.
Wealth Management
JULY 27, 2022
Oil, gas and energy ETFs posted the best returns over the past year.
Accounting for Good
JULY 27, 2022
The post Administration for not-for-profit organisations first appeared on ACCOUNTING FOR GOOD.
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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.
Wealth Management
JULY 27, 2022
Who will help make critical financial and health decisions?
Nationwide Financial
JULY 27, 2022
Investors and economists have been grappling with the notion that the Federal Reserve may cause a recession or, worse, a protracted recession through a policy error (i.e., hiking rates too aggressively). As the Federal Reserve sought to tame inflation by hiking the Fed funds target rate in May and June – two of the largest Fed interest rate hikes in many years – some market participants were quick to criticize the central bank for being unduly late in their decisions to raise interest rates.
Validea
JULY 27, 2022
Amid the turmoil in markets worldwide, U.S. public pensions are facing the worst decline since the Great Recession, reports an article in Bloomberg. Stock and bond losses are leaving state and local pensions with only enough to cover 77.9% of all the promised benefits this year, widening the gap between what’s owed to retirees and actual assets by nearly half a trillion dollars.
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