A Wealth of Common Sense

SEPTEMBER 7, 2023

A reader asks: My job is to run a concentrated 20 company portfolio (all listed companies, buy and hold, long term horizon etc.). I get a base salary and a bonus for performance. So a good amount of my annual earnings are tied to the performance of the companies I pick. I also have a small personal investment account. My question is around how I should think about investing this – should I use the fact that I spend.

Investing 129

Investing Investments Management Accounting 129

Carson Wealth

SEPTEMBER 18, 2023

By Ryan Detrick, Chief Marketing Strategist We’ve been hearing many of the same myths over and over, yet we don’t think they are the big worry that the media and many make them out to be. These are legitimate concerns and have many investors worried, but we think the chances of them becoming larger issues are smaller than many expect. We are going myth busting today and here are seven of the biggest ones we’re targeting.

Economics 144

Economics Retail Economy Media 144

The Big Picture

SEPTEMBER 29, 2023

Before your week ends and you head out for door, I had to share a new paper from St. Louis Fed. The title: Can Economists Predict Recessions? Short answer: Maybe a quarter ahead (but not always). Beyond that short time frame, it’s simply too variable: “These questions have taken on particular importance recently. In the past four quarters, economic forecasters have, on average, predicted a 42% probability of a contraction in the U.S. economy in the next quarter, according to the Survey of

Economy 286

Economy Economics Banking 286

The Reformed Broker

SEPTEMBER 22, 2023

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Jeremy Grantham, and Downtown Josh Brown discuss being the “Bubble Historian”, Inflation, Modern Valuations, the Four most Dangerous Words, Real Estate, Impact Investing, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

Valuation 306

Valuation Investing Investments Marketing 306

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

Accounting

Abnormal Returns

SEPTEMBER 17, 2023

Also on the site The question with emerging market equities is if, not when. (abnormalreturns.com) The return on hassle is a real thing. (abnormalreturns.com) Top clicks this week TIPS are on sale. (morningstar.com) Bull markets have four distinct stages. (ritholtz.com) The rise in real interest rates is stunning. (econbrowser.com) How retirement can open you up to new possibilities.

Math 274

Math Retirement Sales Marketing 274

A Wealth of Common Sense

SEPTEMBER 8, 2023

Way back in 2017, I wrote about how bananas Canadian housing prices were. This was the chart I used at the time: Canada basically skipped the housing bust from the Great Financial Crisis. Well, things got even more bananas in the ensuing years. Here’s the updated version: Canadian housing prices can remain irrational longer than you can stay solvent or something like that.

Marketing 141

Marketing Marketing 141

Advisor Perspectives

SEPTEMBER 25, 2023

By applying artificial intelligence and Chat GPT to statements made by active fund managers, researchers have found that their underperformance can be partly explained by overconfidence that led to, among other things, excessive risk taking.

Management 131

Management 131

The Big Picture

SEPTEMBER 22, 2023

The September Federal Reserve meeting is behind us we still have November and December ahead of us. Markets are nervous expecting another hike before years over before two cuts in 2024. My advice: ignore those expectations as they have been wildly inaccurate over the past few years; they have been mostly inaccurate over the past decade. When it comes to forecasting economic outcomes, the Fed is no better or worse than anybody else.

Economics 317

Economics Financial Market Marketing Marketing 317

Calculated Risk

SEPTEMBER 5, 2023

The BEA released their estimate of vehicle sales for August today. This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the August 2023 seasonally adjusted annual sales rate (SAAR). Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. Then heavy truck sales increased to a new record high of 570 thousand SAAR in April 2019.

Sales 132

Sales Marketing Marketing 132

Advertisement

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.

Banking

Abnormal Returns

SEPTEMBER 10, 2023

Also on the site Public predictions are exhausting. (abnormalreturns.com) Top clicks this week How investors should re-think about their bond allocations. (awealthofcommonsense.com) What investors get wrong about the 'Yale Model.' (capitalallocators.com) How investors should think about their bond allocations. (blog.validea.com) How an inverted yield curve affects stock and bond market returns.

Wealth Management 272

Wealth Management Retirement Management Investing 272

Trade Brains

SEPTEMBER 17, 2023

Top Indian Stocks Held By Goldman Sachs : Goldman Sachs has been serving clients in India since the 1980s and established an onshore presence in Bengaluru, in 2004, Mumbai, India in December 2006 and a new office in Hyderabad opened in 2021 following a ten-year joint venture. Today, Goldman employs 9000+ Indians and serves leading corporate and institutional clients through corporate finance advisory, equity sales and trading, and fixed-income securities businesses, as well as providing macro-e

Portfolio Analysis 130

Portfolio Analysis Portfolio Manufacturing Insurance 130

A Wealth of Common Sense

SEPTEMBER 24, 2023

Here are some things I believe about investing. 1. I believe simple beats complex. The problem is simple is much harder to implement because complex will always sound more intelligent and appealing. 2. I believe the timing of buy or sell decisions matters less than your holding period. Picking tops and bottoms is for the lucky and the liars. Patiently holding onto your investments is more important for most investors than.

Investing 136

Investing Investments 136

Wealth Management

SEPTEMBER 28, 2023

The outgoing CEO of Orion Advisor Solutions shares his journey from the founding of the company, the firm’s growth over the years and perspectives on the future of wealth management, technology and AI.

Wealth Management 126

Wealth Management Management 126

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.

Financial Advice

The Big Picture

SEPTEMBER 9, 2023

This week, we speak with Jon McAuliffe , who is co-founder and chief investment officer at the Voleon Group , heading the firm’s investment strategy, research, and development. Previously, he developed and managed statistical arbitrage trading strategies at D.E.Shaw. McAuliffe has a unique track record of successful innovation applying statistical methods to real-life prediction problems, particularly in the financial markets.

Engineering 317

Engineering Management Portfolio Assets 317

Calculated Risk

SEPTEMBER 6, 2023

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 2.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 1, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.9 percent on a seasonally adjusted basis from one week earlier.

Economy 132

Economy Marketing Marketing 132

Abnormal Returns

SEPTEMBER 21, 2023

Markets The credit markets are very different than they were in 2009. (semafor.com) Despite a slowdown, the warehouse industry is raising rents. (wsj.com) IPOs Shopify ($SHOP) is a winner in the Klayvio ($KVYO) IPO. (theinformation.com) Is the IPO window really that open? (ft.com) Books A review of "The Missing Billionaires: A Guide to Better Financial Decisions" by Victor Haghani and James White.

Financial Advising 271

Financial Advising Media Economy Numbers 271

Trade Brains

SEPTEMBER 22, 2023

Fundamental Analysis of Ujjivan Small Finance Bank : The concept of Small Finance Banks (SFB) was introduced in India in 2015. It was done with the aim of promoting financial inclusion for the unbanked and underbanked population. This population is situated generally in tier-3 & tier-4 areas. An SFBs main aim is to develop a market to promote a credit market to provide loans to MSMEs, among other lending services.

Banking 126

Banking Assets Accounting License 126

Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

Financial Planning

Alpha Architect

SEPTEMBER 12, 2023

Let’s talk about the right approach(es) and the proper study techniques you need to pass the CFPⓇ exam with confidence and get the certification you need to advance your career in finance and investing. How to Crush the CFPⓇ Exam ?: Part 1 was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

CFP 128

CFP Certification Investing Investments 128

Wealth Management

SEPTEMBER 20, 2023

To an outsider, advisor Cary Carbonaro looked like a strong, successful woman. But behind closed doors, she faced physical, mental and verbal abuse on a daily basis in a toxic relationship.

126

126

The Big Picture

SEPTEMBER 1, 2023

The Fed is done. It’s unimaginable that they will do anything at the September FOMC meeting, and barring any radical change in the data, it’s unlikely they will be doing anything in November. I have been saying since June 2022 that inflation had peaked; the data has been leaning that way since May 2022. If you were watching the video instead of the still pic , it was apparent that the biggest risk to the economy then was less rising prices than a tardy FOMC over-tightening.

Economy 306

Economy 306

A Wealth of Common Sense

SEPTEMBER 26, 2023

Jeremy Grantham was on The Compound and Friends with Michael and Josh last week talking bubbles. [link] says real estate is a global bubble and prices should fall 30% or so. I partially agree and partially disagree with Grantham here. I continue to believe the U.S. housing market is not in a bubble. Is the housing market broken in many way.

Marketing 128

Marketing Marketing 128

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!

Management

Calculated Risk

SEPTEMBER 1, 2023

From the Census Bureau reported that overall construction spending increased: Construction spending during July 2023 was estimated at a seasonally adjusted annual rate of $1,972.6 billion, 0.7 percent above the revised June estimate of $1,958.9 billion. The July figure is 5.5 percent above the July 2022 estimate of $1,869.3 billion. emphasis added Private spending increased and public spending decreased: Spending on private construction was at a seasonally adjusted annual rate of $1,548.9 billio

125

125

Meb Faber Research

SEPTEMBER 6, 2023

Episode #498: Liz Ann Sonders on The State of the Markets Guest: Liz Ann Sonders is the Chief Investment Strategist of Charles Schwab. She has a range of investment strategy responsibilities, from market and economic analysis to investor education, all focused on the individual investor. Recorded: 8/16/2023 | Run-Time: 57:07 Summary: In today’s episode, Liz Ann starts […] The post Episode #498: Liz Ann Sonders on The State of the Markets appeared first on Meb Faber Research - Stock

Marketing 124

Marketing Marketing Education Economics 124

Discipline Funds

SEPTEMBER 22, 2023

T-Bills are an incredibly attractive option at this time. At 5.5% you’re getting high income, high principal stability and tax efficiency across very predictable short-term time horizons. These are the highest rates we’ve seen since the mid-2000s so it’s a welcome change from the 10 years of ZIRP (zero interest rate policy). In recent months I’ve heard the term “T-Bill and chill” more and more often.

Portfolio 123

Portfolio Assets Insurance Investing 123

Wealth Management

SEPTEMBER 19, 2023

The Massachusetts Supreme Court ruling against the online trading app last month could create “more breathing room” for other states to follow through on their own fiduciary regulations.

124

124

Speaker: Lynnette Khalfani-Cox, The Money Coach®

Niche markets represent a huge opportunity for the financial services industry in America. From college students and women to communities of color and low-to-moderate-income households, niche populations have specialized financial needs – but they often underutilize many valuable financial products and services. How can you better connect with these consumers?

Clients

The Big Picture

SEPTEMBER 28, 2023

I have been watching various sentiment polls and Right/Wrong Track questionnaires with detached bemusement. Bemused because they are so silly, and detached because I know I can’t change human nature. What I can do is share a few modest insights; hopefully, these will allow you to gain a fresh perspective you might not have otherwise considered or perhaps even garner a better understanding of what is happening right here and now.

Government 294

Government Medicine Economy Healthcare 294

Alpha Architect

SEPTEMBER 8, 2023

The correlation between stocks and bonds should be a critical component of any asset allocation decision, as it impacts not only the overall risk of a diversified multi-asset class portfolio but also the risk premia one should expect to receive for taking risk in different asset classes. The problem for investors is that the correlation between stocks and bonds fluctuates extensively across time and economic regimes.

Asset Allocation 125

Asset Allocation Assets Economics Portfolio 125

NAIFA Advisor Today

SEPTEMBER 1, 2023

September is Life Insurance Awareness Month, a 20-year tradition created and coordinated by NAIFA partner Life Happens and commemorated by the entire life insurance industry, elected officials , and consumers across the country. The goal of LIAM is to put the importance of life insurance front-of-mind for a greater number of Americans and help more people get the coverage they need so their loved ones are protected financially.

Insurance 122

Insurance Numbers 122