Calculated Risk
JULY 21, 2022
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released yesterday from Chief Economist Danielle Hale: Weekly Housing Trends View — Data Week Ending July 16, 2022. Note: They have data on list prices, new listings and more, but this focus is on inventory. • Active inventory continued to grow, rising 29% above one year ago.
The Big Picture
JULY 22, 2022
After yesterday’s discussion on the uncertainty monster , a friend who “loves perspective changers” reached out with a challenge: “Most people rarely question their own basic ideas,” he said, He challenged me to find 10 concepts to do just that. I agreed to give it a shot, assembling a list of my own, filling it out with a few classics from others: Uncertainty : Objectively speaking “uncertainty” does not increase or decrease – by definition, the future is always inherently uncertain.
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The Reformed Broker
JULY 16, 2022
And if you haven’t subscribed yet, don’t wait. Check it out below or wherever fine podcasts are played. These were 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.
Wealth Management
JULY 22, 2022
Seattle is the latest metro area where the brokerage has opened a multi-advisor office; but the firm expects to take its teaming model to small, rural locations—Edward Jones’ bread and butter—too, says Managing Partner Penny Pennington.
Speaker: Dylan Secrest, Founder of Alamo Innovation and Construction Digital Transformation Consultant
Construction payment workflows are notoriously complex when you consider juggling multiple stakeholders, compliance requirements, and evolving project scopes. Delays in approvals or misaligned data between budgets, lien waivers, and pay applications can grind progress to a halt. The good news? It doesn't have to be this way! Join expert Dylan Secrest to discover how leading contractors are turning payment chaos into clarity using digital workflows, integrated systems, and automation strategies.
Nerd's Eye View
JULY 20, 2022
For many workers, a typical career entails a series of successive jobs over several decades, with the end goal of retiring and finally being able to ‘relax’ And while most breaks from work on the traditional path are limited to short vacations, there is a growing movement of individuals who want to take extended time off during their working years to take advantage of their health and opportunities that might not be available to them once they reach ‘normal’ retirement ag
The Big Picture
JULY 20, 2022
Barry Ritholtz, Ritholtz Wealth Management Chairman and CIO & “Masters in Business” host, discusses investing in a volatile market and the probability the Fed causes a recession. Risk, Reward Two Sides of Same Coin, says Ritholtz. ?. Source: Bloomberg , July 19th, 2022. Previously : Rally , Multiple Compression , Earnings¯_(?)_/¯ Recession , Double Bottom (July 18, 2022).
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
JULY 22, 2022
The IBD hopes to forge deeper relationships with its advisors via events, networking experiences and technology.
Nerd's Eye View
JULY 19, 2022
Welcome back to the 290th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Andrew Komarow. Andrew is the founder of Tenpath Financial Group and Planning Across the Spectrum, a hybrid firm based in Farmington, Connecticut that oversees $100 million in assets under management for 100 client households. What's unique about Andrew, though, is how he, as a financial advisor with autism, has built a firm with a specialized niche of autistic and other neurodivergent cli
The Big Picture
JULY 17, 2022
Visualizing the Coming Shift in Global Economic Power (2006-2036p). Source: Visual Capitalist. I never know what to make of these grand extrapolations but submitted for your approval… The post Coming Shift in Global Economic Power? appeared first on The Big Picture.
Abnormal Returns
JULY 20, 2022
Investing Investing in stocks is bet on human ingenuity. (awealthofcommonsense.com) Marketing messages are not guarantees when it comes to investing. (wsj.com) Nine key questions for any investor including 'Why is active management destined to underperform?' (humbledollar.com) Five things to do as an investor in your 20's. (peterlazaroff.com) How to avoid investment scams.
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You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes? It’s time for an upgrade. SkyStem's Guide to Month-End Close Software walks you through what today’s best tools can do (and what your team shouldn’t have to deal with anymore). Get smart, fast, and a whole lot less stressed when it’s time to close the books.
Wealth Management
JULY 22, 2022
MAI Capital Management rounds out its sports and entertainment arm with the addition of Intersect Wealth in San Ramon, Calif.
Calculated Risk
JULY 19, 2022
From the Census Bureau: Permits, Starts and Completions Housing Starts: Privately?owned housing starts in June were at a seasonally adjusted annual rate of 1,559,000. This is 2.0 percent below the revised May estimate of 1,591,000 and is 6.3 percent below the June 2021 rate of 1,664,000. Single?family housing starts in June were at a rate of 982,000; this is 8.1 percent below the revised May figure of 1,068,000.
The Big Picture
JULY 22, 2022
Has there ever been a sexier, more lovely roadster than the Jaguar E-Type? It is perhaps the most beautiful convertible — ever. Even Enzo Ferrari called the E-Type ‘ The most beautiful car ever made.” And a 150-mph top speed didn’t hurt either. The E-Type was continually upgraded from 1961 through 1975 while retaining its spectacular styling. The original 3.8-liter XK straight-six made 265bhp from the factory; the engine grew to 4.2 liters. and produced the same 265 horsepower as the 3.8-l
Nerd's Eye View
JULY 18, 2022
Amid estimates that nearly 40% of all financial advisors are likely to retire in the next 10 years, the need for a new generation of advisor talent is clear. To meet this challenge, CFP Board’s Center For Financial Planning has engaged in fundraising for several years to fuel campaigns that have focused on building the advisor workforce of the future.
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.
Wealth Management
JULY 22, 2022
The firm recommended investments in share class options for clients in its wrap account programs when more affordable options were available, according to the commission.
Calculated Risk
JULY 19, 2022
Today, in the CalculatedRisk Real Estate Newsletter: June Housing Starts: All-Time Record Housing Units Under Construction Excerpt: The fourth graph shows housing starts under construction, Seasonally Adjusted (SA). Red is single family units. Currently there are 824 thousand single family units under construction (SA). This is just below the previous two months, and otherwise is the highest level since November 2006.
The Big Picture
JULY 22, 2022
My end-of-week morning offsite reads: • A New Bull Market Can’t Start Until Investors Give Up For a new cycle to begin, people who bet on the market need to capitulate. Problem is, they’ve forgotten what that feels like. ( Wall Street Journal ). • What’s Going On…With Jobs The June jobs report was cheered by economic bulls given its strength in level terms, but rates of change among leading indicators don’t favor a soft-landing outcome for the economy. ( Charles Schwab ) see al
Abnormal Returns
JULY 19, 2022
Markets A 3% 30-year Treasury bond is no great deal. (morningstar.com) Eight reasons why a 1929-style stock market crash is less likely today. (dariusforoux.com) Strategy The good thing about bear markets is that they eventually end. (awealthofcommonsense.com) Why you should ignore the steady stream of market 'sorcerers.' (ofdollarsanddata.com) Finance Jefferies Financial Group ($JEF) is simplifying its business.
Speaker: Kim Beynon, CPA, CGMA, PMP
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
Wealth Management
JULY 22, 2022
Help guide your clients through this sensitive and emotionally charged time.
Calculated Risk
JULY 21, 2022
Today, in the Calculated Risk Real Estate Newsletter: Final Look at Local Housing Markets in June A brief excerpt: And here is a table for new listings in June. For these areas, new listings were up 4.4% YoY. Last month, new listings in these markets were up 5.9% YoY. New listings have increased over the last two months - new listing were down YoY as recently as April - but overall, we aren’t seeing a huge increase in new listings in these markets.
The Big Picture
JULY 21, 2022
My morning train WFH reads: • Interest-Rate Pain From Higher Inflation Has Barely Begun : Stocks, houses, corporate borrowers and the federal Treasury may not be ready for a world of much higher real interest rates ( Wall Street Journal ). • A Warren Buffett Protégée Strikes Out on Her Own : Tracy Britt Cool spent a decade working closely with the renowned investor.
Abnormal Returns
JULY 17, 2022
Also on the site this week Four tips to avoid stock market aggravation. (abnormalreturns.com) Top clicks this week Don't kid yourself about gold. (allstarcharts.com) Commodity prices are correcting. (mrzepczynski.blogspot.com) Comparing the last three big bear markets. (priceactionlab.com) How much of an economic downturn is priced in already? (tker.co) Joshua Brown, "The “soft landing” idea is going to fade away.
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Where are top advisors focusing in 2025? AcquireUp’s 2025 Industry Index reveals it all. Based on insights from 200+ financial professionals nationwide, discover why 74% say seminars and referrals deliver the best ROI, how automation is helping advisors scale faster, and why only 8% are tapping into niche marketing (a major growth opportunity!). Whether you're refining your client acquisition strategy or scaling your practice, this report gives you the real-world data, benchmarks, and action ste
Wealth Management
JULY 21, 2022
Title protection, which is supported by 78% of FPA members, would create minimum standards for the use of the term "financial planner.
Calculated Risk
JULY 20, 2022
Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Decreased to 5.12 million SAAR in June Excerpt: Sales in June (5.12 million SAAR) were down 5.4% from the previous month and were 14.2% below the June 2021 sales rate. Sales are now below pre-pandemic levels. The second graph shows existing home sales by month for 2021 and 2022.
Getting Your Financial Ducks In A Row
JULY 18, 2022
Back in the olden days, we all received an annual statement from the Social Security Administration detailing your benefits projected to your potential retirement age(s). Nowadays you can go online ( www.SocialSecurity.gov ) and request a current statement at any time. If you haven’t gone online for your statement and you’re at least age 60, you should receive a mailed copy of the statement annually until you start receiving benefits.
Abnormal Returns
JULY 22, 2022
Markets Barry Ritholtz, "Earnings are what they are, the profits of corporate America. By definition, they cannot be wrong – only better or worse than expected." (ritholtz.com) Why grifters use technological change to take advantage of investors. (novelinvestor.com) Markets are driven by feedback loops. (mrzepczynski.blogspot.com) Companies Snap ($SNAP) results are sign of slowing social media revenue growth.
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Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
Wealth Management
JULY 21, 2022
In the latest RIA Deal Book, DeVoe & Company sees resiliency in mergers and acquisitions activity.
Calculated Risk
JULY 20, 2022
From the NAR: Existing-Home Sales Slid 5.4% in June Existing-home sales dropped for the fifth straight month in June, according to the National Association of REALTORS®. Three out of four major U.S. regions experienced month-over-month sales declines and one region held steady. Year-over-year sales sank in all four regions. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, dipped 5.4% from May to a seasonally adjusted annual r
The Reformed Broker
JULY 18, 2022
TONIGHT AT 5:30PM EST! On this special episode of Live from The Compound, Matthew Ball joins Josh Brown and Ben Carlson! Matthew Ball is the Managing Partner of EpyllionCo and a Venture Partner at Makers Fund. Tune in down below! He’s got a new book coming out on the metaverse and we’re going to ask him all about it. Find more from Matthew at: Twitter/BallMatthew matthewball.vc.
Clever Girl Finance
JULY 18, 2022
Managing your personal finances is an important task. However, lifestyle inflation can make it more difficult to keep your finances on track. Luckily, there are ways to work against lifestyle creep through intentional decision making. But what is lifestyle inflation and how can you avoid it in the first place? What is lifestyle inflation aka lifestyle creep?
Speaker: Cheryl J. Muldrew-McMurtry
Remote finance teams are rewriting how the back-office runs—and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats have become more than just “growing pains”. They’re now liabilities. The challenge isn’t just team distribution, but building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
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