Advisor Perspectives
NOVEMBER 13, 2023
Research on tax-efficient retirement distribution strategies aims to sequence withdrawals from taxable, tax-deferred, and tax-exempt accounts to maximize after-tax spending. That can be either in terms of meeting an after-tax spending goal for as long as possible or preserving the most after-tax legacy after meeting spending needs over a specified timeframe.
The Big Picture
NOVEMBER 15, 2023
Markets screamed higher yesterday after a benign CPI report showed a 0.0% monthly price increase and inflation falling to 3.2% year over year. After a big gap opening, latecomers piled in; many had been sitting on the sidelines following a challenging 2022, while others got panicked out during the 10% October drawdown. It was a classic fear-driven error, a combination of bad market timing and poor impulse control.
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Abnormal Returns
NOVEMBER 15, 2023
Podcasts Christine Benz and Jeff Ptak talk with Scott Burns about keeping things simple in retirement. (morningstar.com) Brad Barrett talks with JL Collins author of “Pathfinders: Extraordinary Stories of People Like You on the Quest for Financial Independence―And How to Join Them.” (choosefi.com) Withdrawal rates The higher the withdrawal rate, the great the sequence-of-returns risk.
Nerd's Eye View
NOVEMBER 15, 2023
In the depths of the COVID-19 pandemic, many small businesses such as restaurants, entertainment venues, and retail stores experienced cratering revenues, either due to government lockdown orders that forced many non-essential businesses to temporarily shut their doors, or simply due to lack of demand since many of their customers decided to stay at home out of an abundance of caution.
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.
The Reformed Broker
NOVEMBER 17, 2023
On episode 118 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Kevin Simpson to discuss: covered call strategies, the Fed, Warren Buffett’s latest moves, 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!
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Abnormal Returns
NOVEMBER 13, 2023
Crypto The crypto industry is at a crossroads, post-FTX. (on.ft.com) Michael Batnick and Ben Carlson talk with Chris Kuiper, Director of Research at Fidelity Digital Assets. (theirrelevantinvestor.com) Startups The startup scene is living in two different worlds: AI and everything else. (theinformation.com) What rate of return do successful VCs need to get from their investments?
Nerd's Eye View
NOVEMBER 13, 2023
Traditionally, financial planning meetings have been held face-to-face in an advisor's office, and over the years, a body of research has emerged showing that how the advisor's office is laid out can have a significant impact on how clients perceive the advisor, their mood during the meeting, and even their resulting financial planning decisions. However, over the last decade (and particularly since the beginning of the COVID-19 pandemic), many advisors have increasingly been holding virtual cli
The Reformed Broker
NOVEMBER 11, 2023
And if you haven’t subscribed yet, don’t wait. Check it out below or wherever fine podcasts are played. These are the most read posts on the site this week, in case you missed it: . The post This Week on TRB appeared first on The Reformed Broker.
The Big Picture
NOVEMBER 17, 2023
I had fun chatting with David L. Bahnsen of The Bahnsen Group. David hosts a podcast on National Review with the delightfully punny title, Capital Record. David is a card-carrying conservative; we are on the opposite sides of many issues, but we always manage to enjoy a respectful debate about broad issues and theory. I think you will enjoy our conversation… Source : Episode 145: Politics and Your Portfolio DAVID L.
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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.
Abnormal Returns
NOVEMBER 12, 2023
Top clicks this week A five-step framework for reading market news. (tker.co) What does the S&P 493 tell us? (economist.com) This week was a good example why you should never be positioned for extremes. (theirrelevantinvestor.com) Small and mid-cap stocks have badly lagged large caps. (awealthofcommonsense.com) Ray Dalio wants you to forget about the new book written about him and Bridgewater Associates.
Nerd's Eye View
NOVEMBER 14, 2023
Welcome back to the 359th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Eric Miller. Eric is the Chief Financial Advisor and Co-Owner of Econologics Financial Advisors, an independent RIA based in Largo, Florida, that generates more than $4M of revenue while working with nearly 300 client households. What's unique about Eric, though, is how he leverages a custom-built financial planning assessment he calls their Financial Prosperity Index, which he gives to bo
A Wealth of Common Sense
NOVEMBER 17, 2023
I saw a chart this week from Bank of America that more or less sums up my entire investment philosophy: In the long run, stock prices go up. I view the stock market as a way to invest in innovation, profits, progress and people waking up in the morning looking to better their current situation. While I love the fact that this chart illustrates my long-term philosophy it’s a bit misleading.
Calculated Risk
NOVEMBER 15, 2023
Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Continuing Decline in Architecture Billings, AIA/Deltek Architecture Billings Index Reports The AIA/Deltek Architecture Billings Index (ABI) reports that business conditions at architecture firms continued to soften in October. For the third consecutive month, the ABI score was under 50, indicating that a significant share of firms is seeing a decline in billings.
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.
Abnormal Returns
NOVEMBER 16, 2023
Active management Why asset allocators usually fail when it comes to manager selection. (investmentecosystem.com) When does conviction turn into arrogance? (flyoverstocks.com) Finance The London Stock Exchange Group is 'no longer particularly about London — or about trading stocks.' (ft.com) The Nasdaq ($NDAQ) has been on an acquisitions tear. (bloomberg.com) Auto insurance Why Florida has such high auto insurance rates - auto glass lawsuits.
Wealth Management
NOVEMBER 15, 2023
CEO Shirl Penney expects his independent advisor services platform to reach its goal by Independence Day of next year, and he still has plans to take the company public.
Advisor Perspectives
NOVEMBER 14, 2023
This article provides a brief guide to the AI technologies available (it’s not just ChatGPT), their applications in wealth management, and how your firm can define specific business outcomes to achieve.
Calculated Risk
NOVEMBER 12, 2023
If we look at the "dot plot" from the September FOMC projections , the median projection is for the Fed Funds rate to decline to 5.125% in Q4 2024 (from the current 5.25% to 5.5% range). That is one 25bp rate cut in 2024. Goldman Sachs economists are projecting the first rate cut in Q4 2024: We continue to expect that rates cuts will start in 2024Q4 and proceed at a pace of 25bp per quarter BofA economists are still projecting one more rate hike, and then three 25bp cuts in 2024 starting in Q2 2
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.
Abnormal Returns
NOVEMBER 14, 2023
Quant stuff Just because someone says that use quantitative tools, doesn't mean they do. (researchaffiliates.com) Why two investors with the same information can come to different decisions. (mrzepczynski.blogspot.com) Private equity Why you should be skeptical of private equity return claims. (alphaarchitect.com) Why pension funds change their private equity benchmarks so often.
Wealth Management
NOVEMBER 13, 2023
The latest Hodes Weill Real Estate Allocation Manager found that the most sophisticated institutions still invest in REITs alongside private placements and direct investments.
Trade Brains
NOVEMBER 17, 2023
Fundamental Analysis Of Waaree Renewable Technologies : Electricity is a necessity and there would be no commercial activity in the economy without energy. Industries and Households require electricity in day-to-day activities and operations. In this article, we are going to fundamentally discuss a company that is into Solar Power Supplier as well as undertake projects on Installation.
Advisor Perspectives
NOVEMBER 17, 2023
I've updated this series to include the October release of the consumer price index as the deflator and the monthly employment update. The latest hypothetical real (inflation-adjusted) annual earnings are at $49,185, down 8.1% from over 50 years ago. After adjusting for inflation, hourly earnings are below their all-time high from April 2020.
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All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!
Abnormal Returns
NOVEMBER 17, 2023
Concentration How worried should you be by an increasingly concentrated stock market? (alphaarchitect.com) Stock market skew makes portfolio concentration dangerous. (awealthofcommonsense.com) Fund management Emerging market investors have a China decision to make. (wsj.com) Bonds vs. bond funds: funds are fine for most investors. (etf.com) AI A deep dive into the state of AI from Coatue.
Wealth Management
NOVEMBER 13, 2023
Van Leeuwen & Company's Jeff Mattonelli discusses ways to connect with the generation that relies on non-traditional sources to get their investment ideas and data.
Alpha Architect
NOVEMBER 17, 2023
When a small subset of companies makes up a large portion of a portfolio, for better or worse their returns will have a greater impact on overall portfolio results. The Magnificent Seven was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.
Calculated Risk
NOVEMBER 16, 2023
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report: Weekly Housing Trends View — Data Week Ending Nov 11, 2023 • Active inventory increased slightly, with for-sale homes 0.6% above year ago levels. For 20 straight weeks, the number of homes available for sale registered below that of the previous year. However, active listings exceeded last year’s levels this week, reversing the recent trend. • New listings–a measure of sellers putting homes up for s
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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.
Abnormal Returns
NOVEMBER 12, 2023
Markets U.S. stocks have outperformed internationa; stocks for a decade now. (wsj.com) Close-end fund discounts are at historically high levels. (wealthmanagement.com) Why seasonality matters. (allstarcharts.com) Strategy What it going to happen to all those assets in money market fund when yields eventually fall? (awealthofcommonsense.com) Chances are, you don't need a bespoke portfolio.
Wealth Management
NOVEMBER 15, 2023
For the second straight month, sponsors launched dozens of new ETFs. That included eight bond ETFs, one commodoties ETF, 45 equities-based ETFs, 12 target date/multi-asset ETFs and four others.
A Wealth of Common Sense
NOVEMBER 12, 2023
Jesse Livermore once said, “Another lesson I learned early is that there is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.” Fair point. Human nature is the one constant across all market environments. On the other hand, Warren Buffett once said, “If past history was all that.
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