Thu.Jan 26, 2023

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How to Avoid Financial Disasters

The Big Picture

I am genuinely excited about a new presentation I have been working on since the holidays: How to Avoid Financial Disasters.

Portfolio 261
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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: Qualcomm, Chevron, Carlyle Group & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker

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10 Thursday AM Reads

The Big Picture

My morning train WFH reads: • ChatGPT is everything you wanted Bitcoin to be : ChatGPT was introduced a few months ago and has already spread like wildfire in a way that Bitcoin never has, despite the latter’s explosive rise into the public consciousness as a way to gamble and speculate.

Banking 245
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Thursday links: domain picking

Abnormal Returns

Markets A look at Vanguard's 10-year equity return forecasts. etf.com) Investment grade bonds are having a good start to the year. axios.com) Why luxury watch prices are coming down. ft.com) Strategy Jurien Timmer, “Just because the 60/40 didn’t work last year doesn’t mean it will never work again.”

Startup 220
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How Automation Can Streamline Your Month-End Close Process

Start the new year with powerful automation for your month-end close and reconciliation process. See how automation can change the trajectory of the close, buy back time, instill more confidence in the results, eliminate administrative headaches and be audit ready.

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Kitces & Carl Ep 104: How Do You NOT Grow (And Finding The Constraints To Help Say No)

Nerd's Eye View

For many financial advisory firm owners, growth is often the primary goal in the early years of launching a business.

More Trending

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How to Retire at 50 in 7 Easy Steps

Good Financial Cents

Early retirement has become a popular financial goal. And well it should be. Even if you never retire early, just knowing that you can is liberating! And it may just be the strategy that frees you up to take on even bigger challenges in life.

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Can the U.S. Stock Market Continue to Dominate the Long Run?

A Wealth of Common Sense

A reader asks: I’ve heard you say quite a few times that “trees don’t grow to the sky”, and you’re usually talking a particular company or Bitcoin or maybe ARK, etc. But could the same be true for the stock market in general, i.e., does it hit a point where it simply can’t grow anymore.

Marketing 111
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Tips for funding a Roth account in 2023

Nationwide Financial

Key Takeaways: 2023 could be a really good year to fund a Roth account because of low tax rates and changes to how the standard deduction, tax brackets, and retirement account contribution limits are adjusted for inflation.

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Wasting money with audit reports

Norman Marks

This week, I had the privilege and pleasure of spending time with a number of smart and curious professionals who are dedicated to adding value to their organization. I am talking about internal auditors, of course. I was a speaker at a multi-national company’s annual internal audit conference (something I enjoy doing). I touched on […] Risk audit compliance governance GRC IIA risk

Numbers 90
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Book of Secrets for the Month-End Close

Developing a consistent month-end close doesn’t need to be a mystery. We’re sharing our top 10 secrets (plus one bonus!) for streamlining your close.

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Funding Special Needs Clients with ABLE Accounts

Advisor Perspectives

Special needs trusts and ABLE accounts are the pillars of special needs funding. I have a professional here to discuss the differences between them and how each can be used to maximize financial resources.

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Weekly Initial Unemployment Claims decrease to 186,000

Calculated Risk

The DOL reported : In the week ending January 21, the advance figure for seasonally adjusted initial claims was 186,000 , a decrease of 6,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 190,000 to 192,000.

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Inside the Madoff Scandal with Madoff Trader and Investor Andrew Cohen

Validea

With the recent release of the Netflix documentary “Madoff: The Monster of Wall Street,” many of us have been learning more of the details behind the scandal.

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Advisor Group B/Ds Dodge Fines In Settling FINRA Charges

Wealth Management

The regulator cited the “extraordinary cooperation” of Securities America, Royal Alliance and SagePoint as the reason for no penalties beyond restitution

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Quick Guide to Digital Lending for Regional & Community Banks

Ever wonder how some regional and community banks are able to outperform their larger rivals? One of the biggest keys to this success lies in digital transformation. In fact, digital lending technologies are helping banks make the transition faster so they can compete more effectively. Read this eBook to learn how to use lending technology to transform your bank’s outcomes, too!

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Friday: Personal Income and Outlays, Pending Home Sales

Calculated Risk

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 8:30 AM ET, Personal Income and Outlays for December. The consensus is for a 0.2% increase in personal income, and for a 0.1% decrease in personal spending.

Sales 102
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The Healthy Advisor: Beating the Odds and a Fresh Perspective on Life With Robert Steinberg

Wealth Management

Very few people survive the so-called “widow maker” heart attack. Fortunately, advisor Robert Steinberg has lived to tell the tale, and the experience has changed his life

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New Home Sales at 616,000 Annual Rate in December; Previous 3 Months Revised Down Sharply

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: New Home Sales at 616,000 Annual Rate in December; Previous 3 Months Revised Down Sharply Brief excerpt: The next graph shows the months of supply by stage of construction. Months of supply” is inventory at each stage, divided by the sales rate.

Numbers 102
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Raymond James Adds Advisors, Despite Recruiting Challenges

Wealth Management

Raymond James ended the quarter with advisor headcount of 8,699, up 235 year-over-year and 18 sequentially

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Top 7 Global Employment Challenges

Global expansion brings many opportunities for companies. However, there are pitfalls along the way that can slow down progress. In this eBook, we look at the 7 key challenges to global growth, and ways to minimize expansion headaches.

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: Bed Bath & Beyond names Flaton to board for $30,000 a month

MarketWatch

Ailing home-goods retail chain Bed Bath & Beyond Inc. BBBY on Thursday said it had appointed Carol Flaton as a director of its board. The company said in a filing that she qualifies as an independent director. The decision took hold on Jan. She will receive compensation equal to $30,000 per month.

Retail 98
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BEA: Real GDP increased at 2.9% Annualized Rate in Q4

Calculated Risk

From the BEA: Gross Domestic Product, Fourth Quarter 2022 (Advance Estimate) Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the fourth quarter of 2022 , according to the "advance" estimate released by the Bureau of Economic Analysis.

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U.S. stocks open higher after fresh economic data, with gains led by tech-heavy Nasdaq

MarketWatch

stocks opened higher Thursday, with gains led by the technology-heavy Nasdaq Composite, as investors weighed a drop in initial jobless claims and data showing the economy grew in the fourth quarter. The Dow Jones Industrial Average was up 0.3% soon after the opening bell, while the S&P 500 rose 0.7%

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New Home Sales at 616,000 Annual Rate in December; Annual Sales down 16.4% in 2022

Calculated Risk

The Census Bureau reports New Home Sales in December were at a seasonally adjusted annual rate (SAAR) of 616 thousand. The previous three months were revised down sharply.

Sales 98
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Global Hiring Guide: Top Emerging Fintech Hubs

The fintech industry is growing exponentially. Companies can find the talent they need in top emerging fintech hubs around the world. Highly skilled global candidates are available to hire — companies just need to know where to look for them.

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We Asked ChatGPT to Make a Market-Beating ETF. Here’s What Happened

Advisor Perspectives

What happens when you ask the hottest AI tool in the world to design an ETF that can beat the US equity market? It tells you the same thing every frustrated stock manager does

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Lacking Property Sales Data, Appraisers Look to Other Marketplace Drivers to Value Assets

Wealth Management

Appraisal business is down, as investment sales activity and refinancing deals have declined. Now, appraisers must rely on supplemental data to make value assessments

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A Few Comments on Q4 GDP and Investment

Calculated Risk

Note: The first two graphs - Investment Contributions and Residential Investment as a percent of GDP - are useful in predicting Fed induced recessions. RI as a percent of GDP usually turns down well in advance of a recession. This is something I'm watching.

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Recent IRS Digital Asset Guidance a Mixed Bag for Donors

Wealth Management

Costly appraisals could siphon away dollars that would have flowed to charities instead

Assets 86
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The HR Compliance Playbook: How to Improve Speed-to-Hire

Every global growth to-do list should begin with compliance. Navigating international jurisdictions can be complex and time-consuming, but with solid, up-to-date compliance procedures, companies can maximize efficiency, speed-to-hire, and mitigate risks.

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Cassandra's Curse. in reverse

The Better Letter

On Tuesday, the Doomsday Clock was moved to 90 seconds to midnight , the closest it has ever been to Armageddon. During its 76-year history, it has never been further from presumed annihilation than just 17 minutes, in 1991.

Food 83
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Investing in Deflation, Inflation and Stagflation Regimes

Wealth Management

Adding factor exposures to traditional portfolios can significantly reduce tail risk while also enhancing efficiency

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: Tesla stock rises above this key chart level, first time in 4 months

MarketWatch

Shares of Tesla Inc. TSLA powered up 9.3% in morning trading Thursday, putting it on track for the best one-day performance in six months, in the wake of the electric vehicle maker’s upbeat 2023 production outlook. The rally took the stock above the widely followed 50-day moving average (DMA), which many chart watchers use to track shorter-term trends, and extends to $151.48 on Thursday, according to FactSet data. The last time the stock traded and closed above the 50-DMA was Sept.