May, 2023

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Sallie Krawcheck: How to Get Women to Invest

Wealth Management

In today’s world, advisors can differentiate themselves by delivering value where it’s always been—in the client relationship. The problem is, the industry has created the perfect product market fit for middle-aged white men, says Ellevest’s Sallie Krawcheck.

Investing 123
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What’s the Best Long-Term Investment?

A Wealth of Common Sense

Each year Gallup performs a survey that asks a group of Americans what the best long-term investment is among the following options: Stocks Bonds Cash Gold Real estate These are the latest results: Real estate has been at the top of the charts for over a decade at this point but it saw a big drop from 2022 to 2023. Following the 2022 bear market stocks fell to third place behind gold.

Investing 130
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Want More Jobs? Raise the Minimum Wage

The Big Picture

I have been writing about issues with the minimum wage for (it seems like) decades. During that time, consuming lots of academic research, I reached a few logically supported conclusions. The least contentious of which is that modest increases in minimum wages increase economic activity and create jobs. But there are other surprises around the minimum wage.

Food 364
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120,000

The Reformed Broker

Just wanted to take a moment to recognize the incredible work my media and research teams have been doing to propel The Compound channel past 120,000 subscribers this month. And that 120k is just a fragment of the audience because almost everything we do on video is also on the audio podcast channels too. For those who are new to what we’re doing at the Compound YouTube channel each week, below is the schedule of w.

Media 361
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How to Navigate Revenue and Expense Management: Competitive Insights for Financial Success

Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!

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Top clicks this week on Abnormal Returns

Abnormal Returns

Top clicks this week 10 things we get rid of as we age. (physicianonfire.com) Money buys independence: the 16 levels of wealth. (collabfund.com) People looking to buy a house right now have three options. (awealthofcommonsense.com) A big wealth transfer is under way in the U.S. (nytimes.com) Copper prices have rolled over. (allstarcharts.com) What does it really cost to own a home?

Investing 261

More Trending

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FHFA House Price Index Reaches Record High in March

Advisor Perspectives

The Federal Housing Finance Agency (FHFA) has released its U.S. house price index (HPI) for March. The index reached a record high last month, coming in at 398.0. U.S. house prices increased by 0.6% from the previous month. Year-over-year the index is up 3.6%. After adjusting for inflation, the real index is up 0.8% in March and up 0.2% year-over-year.

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The Stock Market is Not a Casino

A Wealth of Common Sense

A reader asks: Ben showed the numbers for U.S. stock positive returns over the long-term. How does the data look for global ex-U.S. performance? Fair question. Here is the data I showed in a recent blog post: Since 1926, the U.S. stock market has experienced positive returns: 56% of the time on a daily basis 63% of the time on a monthly basis 75% of the time on a yearly basis 88% of the time on a 5 year basis 95% of th.

Marketing 136
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10 Friday AM Reads

The Big Picture

My end-of-week morning NFP train WFH reads: • Warren Buffett’s Formula for Success: One Good Decision Every Five Years : Berkshire Hathaway has obliterated the market in his 58 years at the company. He credits roughly 12 decisions. ( Wall Street Journal ) see also The 10 Greatest US Investors and the Virtues That Made Them : There can be few fields of human endeavor in which history counts for so little as in the world of finance.

Startup 359
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Five Things That Could Knock Nvidia Down

The Reformed Broker

Okay, it’s up 10,000% since May of 2013 and is now the best performing stock in America during the past decade. Everyone is obsessed. It’s the biggest story in the market this year. Cramer has now named a second family dog after it. Jensen Huang’s name is now in the mainstream alongside Bill Gates, Steve Jobs, Mark Zuckerberg, Jeff Bezos, Elon Musk.

Marketing 333
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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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Episode #481: Sarah Stanley Fallaw – The Psychology of the Millionaire Next Door

Meb Faber Research

Episode #481: Sarah Stanley Fallaw – The Psychology of the Millionaire Next Door Guest: Sarah Stanley Fallaw, Ph.D., is the author of The Next Millionaire Next Door and the founder and President of DataPoints LLC, a company that provides technologically-enabled financial psychology tools to enhance wealth-building. In her role at DataPoints and her research, […] The post Episode #481: Sarah Stanley Fallaw – The Psychology of the Millionaire Next Door appeared first on Meb Fabe

Investing 127
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Fed Survey: Banks reported Tighter Standards, Weaker Demand for All Loan Types

Calculated Risk

From the Federal Reserve: The April 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices The April 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the first quarter of 2023.

Banking 145
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NFIB Small Business Survey: Optimism Drops to 10-Year Low

Advisor Perspectives

The headline number for April dropped to its lowest level since January 2013, coming in at 89.0, down 1.1 from the previous month and below the Investing.com forecast of 89.6. April's reading remains below the series average of 98.2 for the 16th consecutive month. The index is at the 5th percentile in this series.

Numbers 132
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The Case For International Diversification

A Wealth of Common Sense

The United States makes up nearly 60% of the global stock market by market capitalization: The dominance of American stocks over the rest of the world wasn’t just a 20th-century phenomenon either. The performance over the past decade and change shows U.S. stocks winning hands down over our foreign counterparts: Many investors look at these numbers and wonder: What’s the point of owning international stocks i.

Numbers 135
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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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Press Pause

The Big Picture

At least they told us what they were going to do. As much as critics of the Federal Reserve have been up in arms over the fastest rate hiking cycle in modern history, no one can claim it to be a surprise. Jerome Powell & Co. have continually warned that they are aggressively fighting inflation with a 5% target. They said it in Fed minutes, they said it in pressers, they said it in speeches; we just took them figuratively, not literally.

Economy 353
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JPMorgan Steals First Republic!

The Reformed Broker

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Uber Earnings – “Based on data from Bloomberg, 262 companies in the $spx have reported, sales growth in 1Q is 4% and earnings growth is -2.69%” ►Cap Weighted Rules – “It’s rare for t.

Sales 314
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Submergence: A Tool to Assess Drawdowns and Recoveries

Alpha Architect

According to research by the authors, stocks and bonds have been submerged for about 75% of the time since 1980; and treasuries have been submerged 80% of the time. Submergences are therefore both commonplace and significant, which means that handling them is very important for investors and their investing strategies. Submergence: A Tool to Assess Drawdowns and Recoveries was originally published at Alpha Architect.

Investing 125
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BLS: Job Openings Decreased to 9.6 million in March

Calculated Risk

From the BLS: Job Openings and Labor Turnover Summary The number of job openings decreased to 9.6 million on the last business day of March , the U.S. Bureau of Labor Statistics reported today. Over the month, the number of hires and total separations were little changed at 6.1 million and 5.9 million, respectively. Within separations, quits (3.9 million) changed little, while layoffs and discharges (1.8 million) increased. emphasis added The following graph shows job openings (black line), hire

Numbers 144
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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

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.

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Rebalancing Your Clients’ “Purpose Portfolio”

Advisor Perspectives

We must understand our clients’ purposes and how they fit together in their lives. We need to take the initiative when rebalancing is in order.

Clients 142
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The Housing Market Lottery

A Wealth of Common Sense

Financial success comes from some combination of hard work, discipline, patience and luck. That last piece is usually the biggest wild card. If you started investing in the early-1980s, you experienced 20 years’ worth of phenomenal returns from both stocks and bonds. If you started investing in the early-1960s, you experienced 20 years’ worth of rising rates and inflation which led to muted stock and bond retu.

Marketing 128
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Inflation Expectations Are Useless

The Big Picture

Jerome Powell and the Federal Reserve spend a lot of time worrying about Inflation Expectations. They shouldn’t. Sentiment surveys in general are mostly useless (except at the extremes). They aren’t merely lagging, backward-looking indicators, but instead, tell you what the public experienced 3- 6 months ago. Beyond short-term extrapolation, they have little to no ability to provide insight into intermediate-term (6-12 months) inflation.

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The Greatest Wealth Transfer in History Is Here

The Reformed Broker

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Einhorn, Burry, Buffett – David Einhorn and Michael Burry were buying regional banks in Q1. ►Positive Surprises – “This will upset a lot of gloom and doomers, but oh well” ►Wealth Transfer &#8.

Banking 291
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Putting the ‘Tech’ in Spend Management Techniques

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!

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Options Trading 101: What is Options Trading?

Trade Brains

Understanding what is Options Trading: Options are one of the highly traded financial instruments and darling of the big traders and investors. However, for beginners, understanding what is options trading is one of the biggest difficulties because of its complexity (which comes by nature) and the difficult jargon used by the experts. In this article, we’ll discuss exactly what is options trading and how it works with the help of a few examples.

Assets 124
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Comments on April Employment Report

Calculated Risk

The headline jobs number in the April employment report was above expectations, however employment for the previous two months was revised down by 149,000, combined. The participation rate and employment population ratio were unchanged, and the unemployment rate decreased to 3.4%. This is the lowest unemployment rate since 1969 (over 50 years ago), and the unemployment rate hasn't been lower since 1953!

Numbers 144
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FINRA Exec: A 'Prolific Rate of Change' Coming Driven By AI

Wealth Management

Panelists spoke about advanced analytics’ impact on the industry during FINRA’s annual conference, while SEC Chair Gary Gensler said he’d asked commission staff to consider recommendations on rules for predictive data analytics conflicts.

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Empire State Manufacturing Survey: Activity Fell Sharply in May

Advisor Perspectives

This morning we got the latest Empire State Manufacturing Survey. The diffusion index for General Business Conditions fell 42.6 points from last month to -31.8, its biggest monthly decrease in 3 years. This morning's reading was well below the Investing.com forecast of -3.7 and puts the index back into contraction territory for the fifth time in six months.

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Connect, Care, Convert: Secrets to Establishing Trust with Niche Markets and Turning Them Into Clients

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?

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The First Rule of Dunning Kruger…

The Big Picture

Of all the cognitive errors in behavioral finance and human psychology , the one that creates the most confusion is the Dunning-Kruger effect. (Perhaps its rise in pop culture is to blame). Regardless, I find DKE to be an incredibly useful tool that helps explain many of the individual errors we see in investing. It’s useful to think of Dunning Kruger in terms of metacognition : One’s ability to self-evaluate a particular skill set.

Math 320
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Nvidia Breaks Away

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Dror Poleg, and Downtown Josh Brown discuss Nvidia’s ascent, the AI explosion, the future of work, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere else!

Marketing 284
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The Biggest Asset Bubble in History

A Wealth of Common Sense

A reader asks: Big fan of The Compound from Japan! My mother (59 yo now and will be retiring in 8 years) is one of those people who doesn’t believe in putting money in the stock market because she’s afraid to “lose it all” – there are a lot of people in Japan who are still traumatized from the stock market bubble collapse in the early 90s.

Assets 121