The Big Picture
SEPTEMBER 7, 2022
?. The transcript from this week’s, MiB: Lynn Martin, President of the NYSE , is below. You can stream and download our full conversation, including the podcast extras on iTunes , Spotify , Stitcher , Google , and Acast. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~. BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: I’m Barry Ritholtz.
Abnormal Returns
SEPTEMBER 7, 2022
Retirement Dror Poleg, "Telling people you're retired gives you a legitimate, socially-acceptable identity. Saying you're unemployed doesn't." (drorpoleg.com) Jim, "Early retirement shouldn’t just be defined as a solution for those who dislike their jobs." (routetoretire.com) Mortgages Higher mortgage rates no longer make paying off a mortgage early a no-brainer.
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The Big Picture
SEPTEMBER 7, 2022
My mid-week morning train WFH reads: • Interest Rates vs. Inflation The average yields savers earned in the 1980s were higher than inflation, including education, healthcare and housing prices. Average yields remained above healing CPI numbers throughout the 1990s and 2000s. ( A Wealth of Common Sense ) see also Your guide to ‘good news is bad news’ and ‘bad news is good news’ High inflation has made for unusual times. ( TKer ). • The Obscure Economist Silicon Valley Bi
Pragmatic Capitalism
SEPTEMBER 7, 2022
I joined Dr. Daniel Crosby on the Standard Deviations podcast for a wide ranging discussion about portfolio management and navigating the conspiracy theories of the financial markets. This one’s short [ … ].
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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
SEPTEMBER 7, 2022
Markets Sharply higher rates define the markets of 2022. (theirrelevantinvestor.com) 1980s saw high inflation AND high interest rates. (awealthofcommonsense.com) By this measure the U.S. stock market is notably undervalued. (morningstar.com) Strategy Studying successful people is fine, but beware 'hero worship.' (neckar.substack.com) Don't look for investment secrets in David Rubenstein’s “How to Invest: Masters on the Craft.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
The Irrelevant Investor
SEPTEMBER 7, 2022
One of these things is not like the others. A 60/40 portfolio just experienced the worst eight-month stretch to start a year going back to the inception of the Barclay’s aggregate bond index in 1976. One year ago the 10-year rate was 1.32%. It’s 3.35% today. The last time it experienced a 12-month increase that large was in January 2000!
Calculated Risk
SEPTEMBER 7, 2022
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 0.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 2, 2022. The Refinance Index decreased 1 percent from the previous week and was 83 percent lower than the same week one year ago.
The Irrelevant Investor
SEPTEMBER 7, 2022
Today’s Animal Spirits is brought to you by Masterworks: See here to learn more about investing in contemporary art. On today’s show we discuss: The Minneapolis Fed President is happy to see the stock markets reaction after Jackson Hole ‘Prepare for an epic finale’ warns Jeremy Grantham The market is in a super bubble according to Jeremy Grantham The Irrelevant Investor on Grantham The bottom 50% of Am.
A Wealth of Common Sense
SEPTEMBER 7, 2022
I’ve been watching The Offer on Paramount Plus recently. It tells the story of the making of The Godfather, arguably one of the best films of all-time, and how it almost never made it to the big screen. There was an unproven director (Francis Ford Coppola), a one-hit-wonder writer (Mario Puzo), an unproven producer (Al Ruddy) and an eccentric movie executive (Robert Evans).
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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
SEPTEMBER 7, 2022
Rising labor and materials costs coupled with more expensive debt due to rising interest rates are combining to cut into yields on multifamily development projects.
Trade Brains
SEPTEMBER 7, 2022
Top Stocks Under Rs 200: A Red Bull energy drink costs just under Rs. 200. and So does a Chai at Chaayos. But did you know you can also own good stocks under Rs. 200. There are many options to choose from small-cap, mid-cap and even large-cap. You may be a novice investor hoping to buy low-quotation stocks or a trader looking for profits on volume. These stocks under Rs. 200 can be useful for you.
Wealth Management
SEPTEMBER 7, 2022
Active listening is a powerful tool advisors can use to gain insight into how to communicate with clients and effectively coach them toward intentional action.
Calculated Risk
SEPTEMBER 7, 2022
Fed's Beige Book "This report was prepared at the Federal Reserve Bank of San Francisco based on information collected on or before August 29, 2022." Economic activity was unchanged , on balance, since early July, with five Districts reporting slight to modest growth in activity and five others reporting slight to modest softening. Most Districts reported steady consumer spending as households continued to trade down and to shift spending away from discretionary goods and toward food and other e
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
SEPTEMBER 7, 2022
HUB International acquired Direct Advisors, a $600 million retirement plan consultant and third-party administrator in Latham, N.Y.
Calculated Risk
SEPTEMBER 7, 2022
From the Department of Commerce reported : The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $70.6 billion in July , down $10.2 billion from $80.9 billion in June, revised. July exports were $259.3 billion, $0.5 billion more than June exports. July imports were $329.9 billion, $9.7 billion less than June imports. emphasis added Click on graph for larger image.
Wealth Management
SEPTEMBER 7, 2022
“Laptop landlords” are increasingly looking at Raleigh, N.C., reports Axios. Urban Land Magazine looks at how the current economic environment is affecting multifamily investors. These are among today’s must reads from around the commercial real estate industry.
NAIFA Advisor Today
SEPTEMBER 7, 2022
NAIFA Members Recognized as Forbes Top Financial Security Professionals 2022. Once again Forbes and SHOOK Research have selected the industry’s premier financial security professionals, answering the question “Would we recommend these professionals to a family member or friend?” The answer this year has resulted in 27 NAIFA members who serve Main Street USA by actively promoting financial literacy in their clients’ best interests and following the NAIFA Code of Ethics.
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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.
Wealth Management
SEPTEMBER 7, 2022
Echelon Partners delves into wealth management M&A with industry experts at its 10th Deals and Dealmakers Summit.
Million Dollar Round Table (MDRT)
SEPTEMBER 7, 2022
By Sandy Schussel A lot of the work I’ve been doing lately with financial advisors starts with their story that they are disorganized and have poor time management. They want me to share tips and strategies for becoming more organized and managing their time better. In most cases, though, their problem isn’t time management at all. It’s a problem that revolves around lacking a clear objective.
Wealth Management
SEPTEMBER 7, 2022
The 990-T form involved in the incident is used by both tax-exempt groups and individuals with some retirement accounts invested in certain assets, including master limited partnerships and real-estate investment trusts.
Random Roger's Retirement Planning
SEPTEMBER 7, 2022
Peter Lazaroff had a short podcast episode titled Should You Invest In Individual Stocks. It doesn't take long to learn that he thinks the answer is no. He says "the only real reason someone would own an individual stock is because they think it will beat the overall market." I'm not trying to persuade anyone from using individual names or not but if you're not going to use individual stocks you might want to at least understand why you feel that way and Peter's opinion is not it.
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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!
Wealth Management
SEPTEMBER 7, 2022
The proposed $1.4b billion acquisition was to be the centerpiece of CEO Ralph Hamers' plans to broaden the focus of UBS beyond its traditional customer base.
Calculated Risk
SEPTEMBER 7, 2022
Today, in the Calculated Risk Real Estate Newsletter: Black Knight Mortgage Monitor: "Total market leverage was just 42% of mortgaged homes’ values, the lowest on record" A brief excerpt: Most homeowners have a significant amount of equity and will not be “underwater” if house prices decline. This is an important difference compared to the housing bubble when many millions of borrowers had little or no equity even before house prices declined.
Wealth Management
SEPTEMBER 7, 2022
Demand for space in the skyscraper and across Dubai is surging as the emirate attracts more wealth and expats due to its nimble response to the pandemic and relatively easy access to visas.
Calculated Risk
SEPTEMBER 7, 2022
Today, in the Calculated Risk Real Estate Newsletter: Lawler: Are “National” Home Prices Already Falling? Excerpt: A short but important note from housing economist Tom Lawler. However, some recent home price reports actually suggest that “national” home prices may already have started to decline , and they certainly show that home prices in some areas of the country have already begun to fall.
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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
SEPTEMBER 7, 2022
The actress did not have a will, leaving a heavy burden on her 20-year old son Homer.
Alpha Architect
SEPTEMBER 7, 2022
Investments aligned with environmental, social, and governance (ESG) principles are rapidly growing globally. In the exchange traded fund (ETF) industry, this gives rise to the power of ESG rating firms that have the influence to direct capital flows into ETFs tracking the indexes. This article examines the issues of substantial ESG rating divergence across rating firms, the impact on investors’ choices, and the influence on the ETF industry.
Wealth Management
SEPTEMBER 7, 2022
No tax deduction when trustee can choose between distributing income to charity or surviving spouse.
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