The Big Picture

OCTOBER 2, 2023

We all love to use quotations in our arguments. It’s both an appeal to higher authority as well as social proof ( Hey! I’m not the only one who believes this stuff ). I find it useful occasionally to go back to first principles and reconsider the sources that have influenced my thinmking. Along those lines, here are in chronological order, the thinkers who have helped shape how I view the world view, including how I philosophically think about the economy, markets, and investing.

Investing 344

Investing Investments Economy Portfolio 344

Abnormal Returns

OCTOBER 6, 2023

Strategy Defining what you will invest in, versus what you will not invest in, is important. (awealthofcommonsense.com) Why simplicity in investing can help reduce errors. (mrzepczynski.blogspot.com) Apple Apple's ($AAPL) USB-C transition is going to be rocky. (macworld.com) A review of the Apple ($AAPL) iPhone 15 Pro and Pro Max. (sixcolors.com) Vaccines How research into mRNA vaccinations very nearly didn't happen.

Financial Advising 248

Financial Advising Medical Economy Retail 248

Nerd's Eye View

OCTOBER 6, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent survey found that clients across several countries who work with a CFP professional have better outcomes on a range of measures compared to those working with other advisors or no advisor at all, suggesting that the potential benefits of gaining CFP certification can accrue not only to the advisor themselves, but also to their clients.

Financial Planner 235

Financial Planner CFP Certification Communication 235

The Reformed Broker

SEPTEMBER 30, 2023

Hey everyone, thanks for checking out the best stuff we did this week… 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.

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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

The Big Picture

OCTOBER 5, 2023

“If you want to read a moral condemnation of crypto theft, you can get that anywhere. You go to Michael Lewis for character and story.” – Matt Levine Michael Lewis’s new book “ Going Infinite: The Rise and Fall of a New Tycoon ” came out this week. I got a copy earlier after signing an NDA that I would not disclose anything about it until after the publication date, which was Tuesday, October 3rd.

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Media Manufacturing Planning Management 355

Nerd's Eye View

OCTOBER 3, 2023

Welcome back to the 353rd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Brett Danko. Brett is the Founder of Brett Danko Educational Center, a CFP Board Education and Exam Prep provider, and the CEO and Managing Partner for Main Street Financial Solutions, an independent RIA based in Newtown, Pennsylvania, that oversees almost $2 billion in assets under management for nearly 1,700 client households.

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Certified Financial Planner CFP Education Financial Advisor 232

The Reformed Broker

OCTOBER 6, 2023

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Alex Kantrowitz, and Downtown Josh Brown discuss the big tech landscape, AI competition, augmented reality, Michael Lewis and SBF, 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!

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Marketing Marketing 152

The Big Picture

OCTOBER 4, 2023

Source: Visual Capitalist Batnick also takes a swing at this: What’s the Stock Market Worth? The post $109 Trillion Global Stock Market appeared first on The Big Picture.

Marketing 328

Marketing Marketing Investing Investments 328

Abnormal Returns

OCTOBER 1, 2023

Also on the site Netflix's DVD-by-mail business is winding up. (abnormalreturns.com) Top clicks this week Individual investors win by not competing with professionals. (awealthofcommonsense.com) Why it is so hard to be a truly long term investor. (behaviouralinvestment.com) How long is too long when it comes to your bond allocation? (humbledollar.com) 5%+ T-bill yields are a welcome relief, but don't overdo it.

Assets 242

Assets Portfolio Marketing Marketing 242

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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.

Banking

Nerd's Eye View

OCTOBER 2, 2023

Welcome to the October 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that custodial platform Altruist is eliminating the $1 per account monthly fee for its portfolio management and reporting technology for advisors on its platform, which on the one hand suggests that the e

Communication 218

Communication Portfolio Management Clients Tax Planning 218

The Reformed Broker

OCTOBER 3, 2023

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: ►Rising Rates Hurt – “Investors fear unsustainably high interest rates will spark bank-loan defaults” ►Utilities Crash – Utilities are underperforming the S&P 500 32% YTD.

Banking 152

Banking Investing Investments Marketing 152

The Big Picture

OCTOBER 4, 2023

My mid-week morning train reads: • The insider: how Michael Lewis got a backstage pass for the fall of Sam Bankman-Fried : As author of The Big Short and Moneyball, Michael Lewis is perhaps the most celebrated journalist of his generation. Now he delivers an astonishing portrait of the fallen crypto billionaire. But did he get too close? ( The Guardian ) but see In Michael Lewis, Sam Bankman-Fried found his last and most willing victim.

Economics 258

Economics Banking Government Investing 258

Abnormal Returns

OCTOBER 4, 2023

Podcasts Sam Dogen talks fear with Farnoosh Torabi author of "A Healthy State of Panic: Follow Your Fears to Build Wealth, Crush Your Career, and Win at Life." (sites.libsyn.com) Dan Haylett talks with Hal Hershfield author of "Your Future Self: How to Make Tomorrow Better Today." (humansvsretirement.com) Jon Luskin talks with Steve Chen about DIY retirement planning tools.

Planning 235

Planning Retirement Retirement Planning Financial Advisor 235

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

Nerd's Eye View

OCTOBER 5, 2023

For many financial advisors, financial planning advice traditionally focuses on optimization: tax-efficient, continually rebalanced portfolios are often designed to maximize a client's wealth throughout retirement. Such optimization can serve as the backbone of an advisor's value proposition, providing a bottom-line analysis that communicates why those (not insubstantial) fees are worthwhile at the end of the day.

Clients 210

Clients Financial Planning Financial Advisor Communication 210

The Reformed Broker

OCTOBER 3, 2023

Interest rates are rising because economic growth is better than expected, says Cerity’s Lebenthal from CNBC Final Trades: Starbucks, Cisco & more from CNBC

Economics 152

Economics 152

The Big Picture

OCTOBER 6, 2023

I have been playing with Nick’s S&P 500 calculator , and it’s pretty damned, cool. He used data from Robert Shiller’s website and created his own interface going all the way back to 1871. (The default assumes your dividends are reinvested). You can see why RWM hired Nick as our Chief Data Scientist… The post Historical S&P 500 Return Calculator appeared first on The Big Picture.

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Abnormal Returns

OCTOBER 6, 2023

The biz Spotify ($SPOT) has big audiobook ambitions. (nytimes.com) Amazon ($AMZN) is shuttering its Amp audio app. (theverge.com) On the layoffs at Pushkin Industries. (nypost.com) Business Derek Thompson talks with Matthew Ball and Julia Alexander about the state of Disney ($DIS) today. (theringer.com) Roben Farzad talks with Angela Romero and Matthew Boyle about MBA grads buying companies.

Assets 231

Assets Management 231

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

Carson Wealth

OCTOBER 5, 2023

By Beth Schanou, JD, CExP, Senior Wealth Planner Who wants to spend an afternoon thinking about their mortality? No one, which is why more than half of Americans don’t even have a will. The foundation of your estate plan is a Last Will and Testament. Without a will, you are leaving the disposition of your assets and the guardianship of your minor children to a court.

Estate Planning 142

Estate Planning Planning Assets Taxes 142

Wealth Management

OCTOBER 6, 2023

Nitrogen’s annual Fearless Investing Conference was a clarion call to advisors for navigating waves of change, with a curated agenda laser-focused on growth through adaptation, agility and optimism.

Investing 133

Investing Investments 133

The Big Picture

OCTOBER 2, 2023

My back-to-work morning train WFH reads: • October Almanac: Bear-Killer, Bargain Month, Turnaround Month : Seasonally Speaking, October is the time to buy stocks, especially late October and especially tech stocks and small caps. October can evoke fear on Wall Street as memories are stirred of crashes and massacres. We use the term “Octoberphobia” to describe the phenomenon of major market drops occurring during the month.

Economics 245

Economics Accounting Banking Media 245

Abnormal Returns

OCTOBER 4, 2023

Markets The stock market is coming to terms with higher interest rates (for longer). (awealthofcommonsense.com) Japan's stock market has some catalysts working in its favor. (wsj.com) Why Treasury securities are different. (ft.com) ETFs State Street Global ($STT) is expanding the number of ETFs that engage in securities lending. (etf.com) The number of fixed income ETFs is on the rise.

Financial Advising 225

Financial Advising Media Numbers Planning 225

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Accounting

Calculated Risk

OCTOBER 3, 2023

Here is another monthly update on lumber prices. SPECIAL NOTE: The CME group discontinued the Random Length Lumber Futures contract on May 16th. I've now switched to a new physically-delivered Lumber Futures contract that was started in August 2022. Unfortunately, this impacts long term price comparisons since the new contract was priced about 24% higher than the old random length contract for the period both contracts were available.

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Wealth Management

OCTOBER 4, 2023

Advisors are overdelivering services such as health care, estate and business planning, while falling short in the areas their clients most desire.

Retirement Planning 141

Retirement Planning Planning Retirement Taxes 141

Alpha Architect

OCTOBER 5, 2023

Over the very long term, while value stocks have been less profitable and have had slower growth in earnings than growth stocks, they have provided higher returns. International Value Stocks Offering “More Bang for the Buck” was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

Investing 127

Investing Investments 127

Abnormal Returns

OCTOBER 5, 2023

Books An excerpt from "Right Kind of Wrong: The Science of Failing Well" by Amy Edmondson. (behavioralscientist.org) An excerpt from "Eve: How the Female Body Drove 200 Million Years of Human Evolution" by Cat Bohannon. (theatlantic.com) An excerpt from "The Cost of Free Land: Jews, Lakota and an American Inheritance" by Rebecca Clarren. (politico.com) Academic fraud Behavioral science has a credibility problem.

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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.

Banking

Calculated Risk

OCTOBER 3, 2023

Wards Auto released their estimate of light vehicle sales for September: September U.S. Light-Vehicles Sales Bounce Back Despite Gloomy Conditions (pay site). Hard to say exactly how much but sales could have been slightly stronger in September if not for some lost inventory caused by production cuts related to plant shutdowns from UAW strikes at Ford, General Motors and Stellantis.

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Sales Marketing Marketing 130

Wealth Management

OCTOBER 4, 2023

Orion Advisor Solutions’ chief behavioral officer explains why advisors should employ “human-first” thinking in their practices at annual Nitrogen conference.

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Validea

OCTOBER 4, 2023

By Justin Carbonneau ( Twitter | LinkedIn | YouTube ) — Patience can be defined as the capacity to accept or tolerate delay, trouble, or suffering without getting angry or upset. It’s the ability to endure difficult circumstances, persevere in the face of adversity, or wait calmly for the achievement of a goal. Patience pays off when investing.

Investing 119

Investing Investments Portfolio Assets 119