Wed.Aug 31, 2022

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10 Wednesday AM Reads

The Big Picture

My mid-week morning train WFH reads: • Who Holds the Student Loan Debt? Most individuals see a return on their student loans in the form of a higher paying career. ( Of Dollars And Data ) see also Debt Babies : Make repayment of all student loans (assumed to the current year only) 100% tax deductible, and retroactively — at least in some part — for people who already paid.

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Wednesday links: unintended benefits

Abnormal Returns

Strategy Evidence to the contrary, the U.S. stock market is still in a downtrend. (theirrelevantinvestor.com) How the Dempster Mill Manufacturing Company made Warren Buffett miserable. (rationalwalk.com) Keep you politics far away from your investments. (ft.com) Crypto SBF on the state of FTX's 'backstopping' of the crypto industry. (bloomberg.com) How much of Bitcoin trading is fake?

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Video: Tales from the Dark Side

The Big Picture

A further discussion of last week’s Tales from the Dark Side. It Should Be Easy to Get Affordable Financial Advice: Ritholtz. Source: Bloomberg , August 30th, 2022. Previously : Tales from the Dark Side (August 26, 2022). The post Video: Tales from the Dark Side appeared first on The Big Picture.

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Personal finance links: being self-aware

Abnormal Returns

Podcasts Christine Benz and Jeff Ptak talk with Cameron Huddleston who is the author of "Mom and Dad, We Need to Talk: How to Have Essential Conversations With Your Parents About Their Finances." (morningstar.com) On the importance of getting stated. A Q&A with Paco de Leon author of "Finance for the People: Getting a Grip on Your Finances." (vox.com) Student loans There's a lot to like (and dislike) in the student loan forgiveness plan.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

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.

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Clips From Today’s Closing Bell

The Reformed Broker

The removal of Fed puts has caused these bear market challenges, says Ritholtz CEO Josh Brown from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.

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Why Is the Wealthfront Cash Account APY So High?

Wealthfront

We all know that when it comes to earning interest on your cash, more is better. But not all financial institutions pay the same rate—not even close. Since we launched the Wealthfront Cash Account back in early 2019, many clients have asked us how we manage to offer a rate that’s so much higher than […]. The post Why Is the Wealthfront Cash Account APY So High?

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Inflation Adjusted House Prices Declined in June

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices Declined in June 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 66% 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).

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Which Medicare Plan Is Best for You?

Carson Wealth

Scott Budd, CFP ®. Senior Wealth Planner . Choosing the right Medicare plan is one of the most important decisions seniors are faced with. It’s also one of the most difficult. The health care system isn’t user-friendly to begin with. Stack all the Medicare options on top of that and you’ve got yourself a challenge. . That’s why it’s a good idea to consult a qualified professional about which plan works best for you.

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MBA: Mortgage Applications Decrease in Latest Weekly Survey

Calculated Risk

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 3.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 26, 2022. The Refinance Index decreased 8 percent from the previous week and was 83 percent lower than the same week one year ago.

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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.

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Eight Must Reads for the CRE Industry Today (Sep. 1, 2022)

Wealth Management

Demand for U.S. office space has dropped to early 2021 levels, according to a report from Bisnow. Northmarq will acquire brokerage Stan Johnson Company along with its affiliate debt services advisory arm. These are among today’s must reads from around the commercial real estate industry.

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ADP: Private Employment Increased 132,000 in August

Calculated Risk

Note: This is the first release of a new methodology. Historical data based on the new methodology is available. From ADP: ADP National Employment Report: Private Sector Employment Increased by 132,000 Jobs in August; Annual Pay was Up 7.6% Private sector employment increased by 132,000 jobs in August and annual pay was up 7.6% according to the August ADP® National Employment ReportTM produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab (“Stanford Lab”).

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Some SFR Investors Are Slowing Their Pace of Acquisitions. What does this portend?

Wealth Management

Moving fundamentals in the housing market, including declining prices, might mean a partial pause in acquisitions is only temporary.

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Animal Spirits: Why So Bearish?

A Wealth of Common Sense

Today’s Animal Spirits is brought to you by YCharts: See here for YCharts research on which leading indicators best predict market declines. On today’s show we discuss: A Wealth of Common Sense on student loan forgiveness Powells speech Laid-off workers quickly find jobs Want a lower mortgage rate? Take someone else’s loan NVDA earnings DLTR earnings TOL earnings Record sale for Mickey Mantle card Rich p.

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Banking on Loyalty: Holistic Financial Advice for Unparalleled Business Growth

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.

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Snowden Lane Adds New Advisor Group, Custodian

Wealth Management

The RIA intends to take a breather after onboarding TD Ameritrade and more than 10 new advisors in 2022.

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How to Start a Financial Advisor Podcast

Steve Sanduski

In a Nutshell: If you’ve been thinking about adding a financial advisor podcast to your digital marketing plan, what’s stopping you? The barriers to entry are low. You can easily learn a couple new tech skills and outsource the rest. And once you get over those initial jitters and refine your format, you’ll find your voice, a wealth of content you can repurpose, and a personal way connect to clients and prospects.

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Estate Planning Considerations for Mental Illness

Wealth Management

Mental health challenges are now the norm among employees across all organizational levels.

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Mapping The Opportunity in Small Caps to Value Investment Strategies

Validea

By Justin Carbonneau ( @jjcarbonneau ) —. Verdad, a value oriented and global asset manager, recently published a piece highlighting the valuation gap that exists between small caps and large cap stocks, as represented by the S&P 500. The piece, “ Small caps are trading at the steepest discount to large caps in decades ”, may have important implications for investors and allocators over the next decade.

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Transforming Lending: Understanding the Power of Digital Platforms

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.

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Goldman and Morgan Stanley Ease Covid Rules, Clearing Path to Desks

Wealth Management

The two banks will ease some of their remaining Covid-19 mitigation efforts after the Labor Day weekend.

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Justin and Cecilia’s Uncertain Future

Yardley Wealth Management

The post Justin and Cecilia’s Uncertain Future appeared first on Yardley Wealth Management, LLC. Justin and Cecilia’s Uncertain Future The situation: Justin and Cecilia are in their early 50s. They both have decent-paying jobs, but their retirement savings are nonexistent. They have two kids, one of whom had significant medical problems as a young child.

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I’m an Advisor. This Book Changed My Life

Wealth Management

The 13 books that your colleagues say rocked their world.

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Tamilnad Mercantile Bank IPO Review – GMP, Strengths, Weaknesses & More!

Trade Brains

Tamilnad Mercantile Bank Ltd. is coming up with its Initial Public Offering. The IPO will open for subscription on September 5th, 2022, and close on September 7th, 2022. It is looking to raise Rs. 831.60 Crores. In this article, we will look at the Tamilnad Mercantile Bank IPO Review 2022 and analyze its strengths and weaknesses. Keep reading to find out!

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Quick Start Guide to a Crystal Clear Close

Did you know automating your month-end close can save up to 40% of the time typically spent on manual reconciliations? CFOs and controllers are leveraging SkyStem's workflow management and reconciliation tool to eliminate costly mistakes, ditch manual reconciliations and close faster. Want to know how they do it? Download our Quick Start Guide to a Crystal Clear Close!

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401(k) Real Talk Episode 31, August 31, 2022

Wealth Management

Open, honest and candid discussions about the latest news in the RPA industry.

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Thursday: Unemployment Claims, ISM Mfg, Construction Spending, Vehicle Sales

Calculated Risk

Thursday: • At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for an increase to 250 thousand from 243 thousand last week. • At 10:00 AM, ISM Manufacturing Index for August. The consensus is for the ISM to be at 52,1, down from 52.8 in July. • Also at 10:00 AM, Construction Spending for July. The consensus is for a 0.1% decrease in construction spending. • Late, Light vehicle sales for August.

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Senate Committee on Finance Investigation Finds Offshore Account Reporting Loophole

Wealth Management

New report finds law designed to crack down on tax evasion is easy to circumvent.

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Are We In A Recession?

Integrity Financial Planning

What are the decisions you need to make now for your retirement, even if we’re in a recession? Brian talks about how to stress-test your plan and what to keep in mind. The big debate right now is whether or not we are in a recession. The market is heading back up, employment is up, and gas prices are going down. What other indicators should we pay attention to?

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The Blueprint for a Customer-Centric Digital Lending Experience

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.

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Creating Your Plan For Budgeting Weekly

Clever Girl Finance

Whether you get paychecks weekly, biweekly, or monthly, budgeting weekly is a great way to take control of your money and save more. Want to know how to budget weekly paychecks? It may sound tricky, but creating a weekly budget can be straightforward and effective once you know how. It's also a rewarding way to manage your money , cut expenses and make progress financially.

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The Wing’s Last Remaining Co-Working Spaces Are Shutting Down

Wealth Management

Members received an email announcing the closure of its six remaining locations, according to a message reviewed by Bloomberg News. In the note, the company cited both pandemic-related closures and “increasing global economic challenges” as contributing factors.

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Episode #440: Jason Buck, Mutiny Fund – Carry, Convexity & The Cockroach

Meb Faber Research

Episode #440: Jason Buck, Mutiny Fund – Carry, Convexity & The Cockroach Guest: Jason Buck is the found and CIO of Mutiny Fund and specializes in volatility, options hedging, and portfolio construction. Date Recorded: 8/17/2022 | Run-Time: 1:28:44 Summary: In today’s episode, Jason shares the winding path that led him to launch Mutiny Funds […].