September, 2022

You’re not good at this.

The Reformed Broker

A recession so contrived and man-made that every economist, politician, business owner, college student, CEO, rapper and professional athlete has been able to see it coming in real-time for months and months… Take a picture, you may never see anything so obviously about to happen ever again.

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The First Totally Honest Stock Market Story

The Big Picture

The First Totally Honest Stock Market Story. FRIDAY’S MARKETS. By Vinnie Foster Wynans III. Staff Reporter of The Wall Street Journal. The market rallied early this morning for reasons nobody understands and nobody predicted.

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The Most Tax-Friendly States For Retirees: How To Compare State Income Tax Options For Retiring Clients

Nerd's Eye View

As an individual begins planning for retirement, one of the factors often considered is whether (and where) they might relocate to enjoy their retirement. When evaluating their potential options across the U.S.,

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Tuesday links: accepting the risk of underperformance

Abnormal Returns

Rates Yields on cash equivalents are rising rapidly. wealthmanagement.com) Rapidly rising real interest rates provide competition for stocks. capitalspectator.com) Expected returns on bonds are finally attractive. awealthofcommonsense.com) Markets Lumber prices are back down to pre-pandemic levels.

Best Practices to Ace Your Close

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

Whether you’re on a 1-day close or a 10-day close, there are some fundamental commonalities that all strong accounting departments share when it comes to the month-end close. Please join us for an informative webinar where we share best practices that your team can implement today to ace your close.

Climate Policy Is a Much Greater Threat Than Climate Change

Mish Talk

Inept Climate Policy Germany's decision to scrap its nuclear reactors before having replacement energy is in play. In April, then UK Prime Minister Boris Johnson bragged his Energy Security Strategy would "bring clean, affordable, secure power to the people for generations to come."

More Trending

Value Creation

The Reformed Broker

All of the value creation for investors comes from the actions they take in falling markets, not rising ones.

Labor Day Weekend Employment Charts

The Big Picture

So, it was just Labor Day Weekend, and while we all should be out NOT laboring, I spent part of the long holiday weekend thinking about a few of my favorite FRED charts.

#FA Success Ep 297: From $0 To $70M In 2 Years By Leveraging Facebook Groups To Share Authentic Expertise, With Andy Panko

Nerd's Eye View

Welcome back to the 297th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Andy Panko. Andy is the owner of Tenon Financial, a virtual independent RIA that oversees $70 million in assets under management for 43 retired client households.

Personal finance links: blending theory and psychology

Abnormal Returns

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."

Global Hiring Guide for Startups

Grow your startup beyond borders and boundaries. In this eBook, you’ll discover how you can gain a competitive edge over your business rivals through the latest technology, harnessing global contractors, and using a global employment platform.

Al Gore and John Kerry Aim to Hijack the World Bank for Climate Agenda

Mish Talk

Al Gore and John Kerry image from Tweet below. World Bank Goals The World Bank has two ambitious goals neither of which is climate change. End extreme poverty within a generation Boost shared prosperity Goal number one will not happen, even within several generations.

Debunking Common Investment Myths

Pragmatic Capitalism

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 [ …

Bear in mind

The Reformed Broker

Okay don’t press the <Buy> because of this but maybe reconsider pressing the <Sell> button if you haven’t already… The AAII sentiment poll hit 60% Bears this week.

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Inflation Expectations: A Dubious Survey

The Big Picture

One of the things we know about inflation expectations is that Federal Reserve Chairman Jerome Powell relies heavily on them. He thinks about expectations, gives speeches on them, and uses the data series when enacting Federal Reserve policies to combat inflation.

Redefining Wealth: Money Management, FinTech, Inclusion, and Belonging

Speaker: Marguerita Cheng - Chief Executive Officer at Blue Ocean Global Wealth

Join Marguerita Cheng for an engaging conversation on rethinking the concept of wealth and how everyone can benefit from professional money management.

Why Checklist-Style Financial Planning Works: What Advisors Can Learn From Dave Ramsey’s Baby Steps

Nerd's Eye View

There are many financial advisors who take issue with the financial advice offered by popular personal finance personalities such as Dave Ramsey.

Sunday links: incentivizing crazy behavior

Abnormal Returns

Markets Quality stocks have not been a defense against a bear market. wsj.com) TIPS yields are at their highest level in a decade. marketwatch.com) How rogue waves help explain market disasters. bestinterest.blog) Strategy The bear case is obvious. What's the bull case?

Mortgage Rates Soar Above 7 Percent for the First Time in Over a Decade

Mish Talk

30 year fixed mortgage rates courtesy of Mortgage News Daily.

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Is the Housing Market Going to Crash?

Pragmatic Capitalism

Here’s a new 3 Minute Money on housing. In this video I cover: The dynamics of the boom Why housing is so important to the broader economy The risk that [ …

Top 7 Global Employment Challenges

Global expansion brings many opportunities for companies. However, there are pitfalls along the way that can slow down progress. In this eBook, we look at the 7 key challenges to global growth, and ways to minimize expansion headaches.

This Week on TRB

The Reformed Broker

And if you haven’t subscribed yet, don’t wait. Check it out below or wherever fine podcasts are played. . The post This Week on TRB appeared first on The Reformed Broker. Links

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RIP Financial Conferences

The Big Picture

The traditional finance conference was murdered this week. A stake was driven through its heart by innovators tired of the old ways. It was, to be fair, a mercy killing.

Weekend Reading For Financial Planners (Sept 24-25)

Nerd's Eye View

Personal finance links: a great irony

Abnormal Returns

Podcasts Brett McKay talks with Nick Maggiulli about his book "Just Keep Buying: Proven Ways to Save Money and Build Your Wealth." artofmanliness.com) Six questions you should ask your financial advisor, including 'If something happens to you, who will take over my account?'

Global Hiring Guide: Top Emerging Fintech Hubs

The fintech industry is growing exponentially. Companies can find the talent they need in top emerging fintech hubs around the world. Highly skilled global candidates are available to hire — companies just need to know where to look for them.

GDPNow Forecast for Q3 Plunges to 0.5 Percent on Weak Consumer Spending

Mish Talk

GDPNow data from Atlanta Fed, chart by Mish. GDPNow Plunge Please consider the September 15 update to the GDPNow Forecast for Q3 GDP. The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2022 is 0.5 percent on September 15, down from 1.3

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Will the Surging Dollar Crash the Global Economy?

Pragmatic Capitalism

Here’s a new 3 Minute Money. In this video I discuss the implications of the surging US Dollar: Why is the USD surging despite rising inflation? What does this signal [ …

This Week on TRB

The Reformed Broker

Happy Labor Day Weekend! We did some amazing stuff on the blogs and podcasts this week. Volatile markets really bring the best out in our writers. Hope you’ve been checking out Ben’s blog, Nick’s blog, Animal Spirits, Portfolio Rescue and all the rest this summer.

Changes in Global Wealth 2021

The Big Picture

Every year, Credit Suisse puts out an in-depth look at wealth around the world (I often pull a chart or two for the reads). The data always has some interesting findings about how the very wealthy are investing, consuming, and otherwise spending their time and money.

The HR Compliance Playbook: How to Improve Speed-to-Hire

Every global growth to-do list should begin with compliance. Navigating international jurisdictions can be complex and time-consuming, but with solid, up-to-date compliance procedures, companies can maximize efficiency, speed-to-hire, and mitigate risks.

Weekend Reading For Financial Planners (Sept 17-18)

Nerd's Eye View

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with a report from Future Proof, dubbed the “world’s largest wealth festival”, held this week on(!) Huntington Beach, California.

Personal finance links: travel while you can

Abnormal Returns

Podcasts Daniel Crosby talks with Morgan Housel author of "The Psychology of Money." standarddeviationspod.com) Christine Benz and Jeff Ptak talk with Farnoosh Torabi about navigating family money dynamics.

Exploring the Massive Clean Energy Boondoggle of Burning Trees as Carbon Neutral

Mish Talk

Image from Smithsonian article below. EPA Declared That Burning Wood Is Carbon Neutral In 2018, the EPA Declared That Burning Wood Is Carbon Neutral. Yesterday [April 23, 2018], the Environmental Protection Agency announced that it would begin to count the burning of "forest biomass"—a.k.a.