Mish Talk
NOVEMBER 9, 2022
Image from Investing.com yellow highlights and comments are mine. Market Still Reeling From Collapse of FTX Yesterday I noted Crypto Crash Is Led by a Whopping 88 Percent Plunge in FTX Here is the chart I posted yesterday. Today's chart will follow. FTX chart courtesy of CoinDesk. Price points added by Mish. Valuation Plunge The 44 percent rally was due to the announcement of a deal with Binance.
Abnormal Returns
NOVEMBER 9, 2022
Career shifts Former Peloton ($PTON) CEO John Foley is getting into the rug business. (wsj.com) UBS' Chief Risk Officer is becoming a photographer. (ft.com) Investing Rich people don't typically get rich on alternative investments. (ofdollarsanddata.com) Ten tips for surviving a bear market including 'You’re not limited to one rebalance.' (wealthfoundme.com) Bear markets affect different classes of investors in different ways.
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Nerd's Eye View
NOVEMBER 9, 2022
The passage of the Affordable Care Act in 2014 introduced many changes to the healthcare landscape in the United States. One of these changes was the ability for children to remain on their parents’ health insurance plan until they reach age 26. In addition to having access to health insurance at a lower cost than they might have on their own, this measure also creates a potentially lucrative planning opportunity for young adults who can be covered by a parent’s High-Deductible Healt
Abnormal Returns
NOVEMBER 9, 2022
Markets If nothing else, the Fed is causing investors pain. (howiesarchive.com) The risk/reward equation for bonds has done a 180. (pragcap.com) FTX How FTX unraveled. (thediff.co) The Binance deal for FTX is not a foregone conclusion. (coindesk.com) The end to the FTX story has not yet been written. (amycastor.com) VCs are going to get crushed by the FTX news.
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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.
The Reformed Broker
NOVEMBER 9, 2022
The issues in crypto wouldn’t be happening if there was regulation, says Ritholtz’s Josh Brown from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
NOVEMBER 9, 2022
Multifamily Dive reports on a new lawsuit alleging RealPage, GreyStar and other managers artificially inflated the rents on student housing projects. CRE pros are using the new transparency pay law in New York City to gauge their current compensation levels, according to Bisnow. These are among today’s must reads from around the commercial real estate industry.
Calculated Risk
NOVEMBER 9, 2022
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey — Mortgage applications decreased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 4, 2022. The Refinance Index decreased 4 percent from the previous week and was 87 percent lower than the same week one year ago.
Mullooly Asset Management
NOVEMBER 9, 2022
In this week’s podcast, Tom, Tim, Brendan and Casey discuss starting to save for retirement later in life. The guys cover what you should prioritize, how to set realistic goals and ultimately how you can squeeze a lifetime of savings into a smaller amount of time. If you find yourself getting ready to retire without […] In this week’s podcast, Tom, Tim, Brendan and Casey discuss starting to save for retirement later in life.
Calculated Risk
NOVEMBER 9, 2022
With the pandemic, there was a surge in 2nd home buying. I'm looking at data for some second home markets - and I'm tracking those markets to see if there is an impact from lending changes, rising mortgage rates or the easing of the pandemic. This graph is for South Lake Tahoe since 2004 through October 2022, and shows inventory (blue), and the year-over-year (YoY) change in the median price (12-month average).
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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
NOVEMBER 9, 2022
While Seritage assets are sure to create investor interest, a cloudy economic outlook and tighter financing availability are bound to be major factors in negotiations, market observers say.
Calculated Risk
NOVEMBER 9, 2022
Today, in the Calculated Risk Real Estate Newsletter: New Home Cancellations increased Sharply in Q3 A brief excerpt: First, a few quotes from some homebuilders: "During most of the year, demand for our homes was strong. Beginning in June and continuing through today, we have seen a moderation in housing demand caused by significant increases in mortgage interest rates and general economic uncertainty.
Good Financial Cents
NOVEMBER 9, 2022
There are many ways to build long-term wealth without an actual J-O-B. Having enough income-producing assets working in your favor can make it possible to “live rich” – or at least get by – without ever having to clock in for an employer again. It’s why you see all kinds of wealthy people retiring early without having to change their lifestyles.
Wealth Management
NOVEMBER 9, 2022
Mississippi-based WealthPartners sought the sale to support growth and education after 12 years on the Kestra Financial platform.
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.
eMoney Advisor
NOVEMBER 9, 2022
Amidst the increase in social unrest here and abroad, there’s a tenet of financial psychology that has become especially relevant for the creation of safe spaces, and that is cultural humility. The National Institutes of Health defines cultural humility as “a lifelong process of self-reflection and self-critique whereby the individual not only learns about another’s culture, but one starts with an examination of her/his own beliefs and cultural identities.” Talking about someth
Wealth Management
NOVEMBER 9, 2022
Binance due diligence indicates that the gap between liabilities and assets at target FTX is likely in the billions.
oXYGen Financial
NOVEMBER 9, 2022
Wealth Management
NOVEMBER 9, 2022
Tenant demand for life sciences space is declining due to a slowing economy, rising interest rates and a pullback in available venture capital.
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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.
Yardley Wealth Management
NOVEMBER 9, 2022
The post Financial Planning is About Trade-offs appeared first on Yardley Wealth Management, LLC. Financial Planning is About Trade-offs Over your lifetime you will make thousands of decisions involving different trade-offs that will greatly impact your finances. Proper financial planning will allow you to make the most of your money and maximize your happiness by helping you to achieve the goals that are most important to you.
Wealth Management
NOVEMBER 9, 2022
They can lay out functional responsibilities and expectations for everyone in an organization.
Advisor Perspectives
NOVEMBER 9, 2022
Clients often assume that their need for life insurance ends when they stop working. In fact, whole life insurance can play an important role in your client’s retirement income strategy. For higher income earners, a whole life policy may also be an effective way to help protect income and accumulate additional funds for retirement. Here to discuss the role whole life insurance can play in your clients’ retirement strategies is Neil Drzewiecki.
Wealth Management
NOVEMBER 9, 2022
Founder and CEO of Granite Shares, William Rhind, discusses the ETF market and how to prepare for the remainder of the year.
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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!
Integrity Financial Planning
NOVEMBER 9, 2022
Now that we are in the heart of football season, what can we learn from the game? Coach Brian is here to guide you through what you need to know when it comes to your financial plan. We compare different football analogies to retirement planning to help you understand where you’re headed and find out if you’re making the right decisions. But first, we answer some questions from the mailbag.
Wealth Management
NOVEMBER 9, 2022
It will be the biggest class under David Solomon and the most diverse in the firm's history.
Calculated Risk
NOVEMBER 9, 2022
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM ET, The Consumer Price Index for October from the BLS. The consensus is for a 0.7% increase in CPI, and a 0.5% increase in core CPI. The consensus is for CPI to be up 8.0% year-over-year and core CPI to be up 6.6% YoY. • Also at 8:30 AM: The initial weekly unemployment claims report will be released.
Wealth Management
NOVEMBER 9, 2022
Clients don’t want to be sold to, they want to be understood.
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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.
Trade Brains
NOVEMBER 9, 2022
Kaynes Technology IPO Review : Kaynes Technology India Limited is coming up with its Initial Public Offering. The IPO will open for subscription on November 10th, 2022, and close on November 14th, 2022. It is looking to raise Rs 857.82 Crores, out of which Rs 530 crores will be a fresh issue and the remaining Rs 327.82 Crores will be an offer for sale.
Wealth Management
NOVEMBER 9, 2022
Andrea Gift Allan will focus on expanding Pretium’s portfolio of rental homes that are leased to tenants who receive assistance through the federal government’s housing choice voucher program.
Advisor Perspectives
NOVEMBER 9, 2022
At present, multiple jobholders account for 4.8 percent of civilian employment. The survey captures data for four subcategories of the multi-job workforce, the current relative sizes of which we've illustrated in a pie chart.
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