A Wealth of Common Sense

SEPTEMBER 24, 2023

Here are some things I believe about investing. 1. I believe simple beats complex. The problem is simple is much harder to implement because complex will always sound more intelligent and appealing. 2. I believe the timing of buy or sell decisions matters less than your holding period. Picking tops and bottoms is for the lucky and the liars. Patiently holding onto your investments is more important for most investors than.

Investing 136

Investing Investments 136

The Big Picture

SEPTEMBER 28, 2023

I have been watching various sentiment polls and Right/Wrong Track questionnaires with detached bemusement. Bemused because they are so silly, and detached because I know I can’t change human nature. What I can do is share a few modest insights; hopefully, these will allow you to gain a fresh perspective you might not have otherwise considered or perhaps even garner a better understanding of what is happening right here and now.

Government 294

Government Medicine Economy Healthcare 294

Abnormal Returns

SEPTEMBER 26, 2023

Alternatives Private market access funds are all the rage. (morningstar.com) Alternative assets are not all that alternative. (integratinginvestor.com) Will music royalties turn out to be a worthy investment? (wired.com) Asset allocation How various asset classes performed during a recession. (morningstar.com) Achieving these three portfolio goals simultaneously is tough.

Asset Allocation 245

Asset Allocation Financial Advising Assets Media 245

Nerd's Eye View

SEPTEMBER 25, 2023

In the mid-20th century, the first phone call for a person who needed guidance on saving or planning for retirement was likely to be to a stockbroker or a mutual fund or insurance salesperson. But while some of these salespeople may have certainly been able to provide sound advice, there was really no way at that time for a consumer to know which among the many brokers and agents out there were actually capable of giving true and sound advice that would help them reach their goals.

CFP 227

CFP Financial Planning Planning Certification 227

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 Reformed Broker

SEPTEMBER 23, 2023

We did an astonishing amount of new content this week after being gone last week at the Future Proof event. Getting back in the saddle felt good, especially considering the amazing guests we had. Below is a link to the live stream we did with Zeke Faux, whose new book “Number Go Up” is packed with wild and hilarious stories about rise and fall of the crypto bubble.

Numbers 189

Numbers 189

Abnormal Returns

SEPTEMBER 27, 2023

Podcasts Joe Weisenthal and Tracy Alloway talk with Morgan Housel about how to think about money. (podcasts.apple.com) Christine Benz and Jeff Ptak talk with Michael Santoli about the state of the stock market and economy. (morningstar.com) Home ownership House ownership isn't for everyone. (awealthofcommonsense.com) Why you should keep track of the tax basis of your house.

Estate Planning 243

Estate Planning Taxes Insurance Retirement 243

Nerd's Eye View

SEPTEMBER 26, 2023

Welcome back to the 352nd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Bridget Venus Grimes. Bridget is the President of WealthChoice, a virtual independent RIA that oversees nearly $80 million in assets under management for 68 client families, and Co-Founder of Equita Financial Network, an advisor platform that helps advisors plug in and share resources.

Financial Planning 210

Financial Planning Financial Advisor Clients Planning 210

The Reformed Broker

SEPTEMBER 26, 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: ►The ‘flation – 75% probability of a shutdown. ►Risks to the Economy – “A year of surprisingly strong growth is about to be tested by a strike, the possibility of a government shutdown, student loans.

Government 161

Government Economy Investing Investments 161

The Big Picture

SEPTEMBER 23, 2023

This week, we speak with Armen Panossian , managing director and head of performing credit at Oaktree Capital Management , which has $179 billion in assets under management. He oversees the firm’s liquid and private credit strategies, and also serves as a portfolio manager within Oaktree’s global private debt and global credit strategies. He previously worked for Pequot Capital Management, where he worked on distressed debt strategy.

Management 169

Management Medical Portfolio Management Economics 169

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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

Abnormal Returns

SEPTEMBER 25, 2023

Cash Advisers are seeing more clients interested in cash. (etf.com) Higher yields are going to be a headwind for risky asset classes. (mrzepczynski.blogspot.com) Finance Zero-day options make up 50% of the S&P 500 options volume. (ft.com) Betterment is closing two of its crypto strategies. (citywire.com) Companies Amazon ($AMZN) just made a big investment in AI startup Anthropic.

Financial Advising 234

Financial Advising Startup Economy Media 234

Nerd's Eye View

SEPTEMBER 29, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that RIA custodial platform Altruist announced that it is offering its portfolio accounting software for free to advisors who custody with the firm, offering the opportunity to advisory firms to reduce the costs of their tech stacks and perhaps presaging competition among custodians to offer more software capabilities for their advisory firm clients!

Financial Planner 203

Financial Planner Healthcare Investment Planning Clients 203

The Reformed Broker

SEPTEMBER 26, 2023

The NFL is not spending enough time developing leadership: Former NFL GM Michael Lombardi from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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The Big Picture

SEPTEMBER 27, 2023

My mid-week morning train reads: • 24 Things I Believe About Investing : Simple beats complex, timing matters less than your holding period, and a good strategy you can stick with is vastly superior to a great one you can’t. ( A Wealth of Common Sense ) • Even a Booming Economy Can’t Save Atlanta’s Office Market : Sunbelt city offers warning to others hoping to fill up office towers. ( Wall Street Journal ) • Private Equity’s Slow Carnage Unleashes a Wave of Zombies : A historic shakeup is thre

Management 141

Management Media Economy Sales 141

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

Abnormal Returns

SEPTEMBER 24, 2023

Top clicks this week How Morgan Housel invests his portfolio. (etf.com) The hardest thing about being an investor is deciding what to focus on. (behaviouralinvestment.com) Why selling a stock is harder than buying. (flyoverstocks.com) Bond investors are being given an opportunity to lock in 2% real yields. (capitalspectator.com) The credit markets are very different than they were in 2009.

Math 234

Math Valuation Portfolio Investing 234

Wealth Management

SEPTEMBER 29, 2023

The firms, ranging from broker/dealers and dual registrants to affiliated investment advisors, include Interactive Brokers, Nuveen Securities and Baird, among others, and are similar to 2022 charges against Wall Street firms resulting in $1.1 billion in collective penalties.

Communication 135

Communication Investment Advisor Investing Investments 135

The Reformed Broker

SEPTEMBER 29, 2023

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Perth Tolle, Gunjan Banerji, and Downtown Josh Brown discuss Amazon’s antitrust issues, a coming secular rotation in equities, investing in emerging markets and China, meme stocks are back, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

Investing 152

Investing Investments Marketing Marketing 152

Advisor Perspectives

SEPTEMBER 25, 2023

By applying artificial intelligence and Chat GPT to statements made by active fund managers, researchers have found that their underperformance can be partly explained by overconfidence that led to, among other things, excessive risk taking.

Management 131

Management 131

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

Abnormal Returns

SEPTEMBER 29, 2023

Rates (Rising) interest rates are driving everything these days. (allstarcharts.com) Despite recent losses, investors are pouring money into bond funds. (theirrelevantinvestor.com) Strategy Everything lined up against the stock market in September. (carsongroup.com) Cash is an actual hedge against stock market declines. (priceactionlab.com) Companies Brian Barrett, "Amazon is now less of a store than a mall, or maybe a sprawling bazaar.

Financial Advising 228

Financial Advising Food Media Economy 228

Wealth Management

SEPTEMBER 28, 2023

The outgoing CEO of Orion Advisor Solutions shares his journey from the founding of the company, the firm’s growth over the years and perspectives on the future of wealth management, technology and AI.

Wealth Management 126

Wealth Management Management 126

The Reformed Broker

SEPTEMBER 27, 2023

Stocks stage late-day comeback amid September slump from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.

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A Wealth of Common Sense

SEPTEMBER 26, 2023

Jeremy Grantham was on The Compound and Friends with Michael and Josh last week talking bubbles. [link] says real estate is a global bubble and prices should fall 30% or so. I partially agree and partially disagree with Grantham here. I continue to believe the U.S. housing market is not in a bubble. Is the housing market broken in many way.

Marketing 128

Marketing Marketing 128

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Accounting

Abnormal Returns

SEPTEMBER 28, 2023

Books An excerpt from "Optimal Illusions: The False Promise of Optimization" by Coco Krumme. (engadget.com) An excerpt from Michael Wolff's new book, "The Fall: The End of Fox News and the Murdoch Dynasty." (theankler.com) A Q&A with Taylor Lorenz author of "Extremely Online: The Untold Story of Fame, Influence, and Power on the Internet." (vox.com) Health Is the 'war on cancer' a failure?

Communication 218

Communication Economics Management Marketing 218

Calculated Risk

SEPTEMBER 29, 2023

The BEA released the Personal Income and Outlays report for August: Personal income increased $87.6 billion (0.4 percent at a monthly rate) in August , according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI), personal income less personal current taxes, increased $46.6 billion (0.2 percent) and personal consumption expenditures (PCE) increased $83.6 billion (0.4 percent).

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Food Taxes Economics 119

Wealth Management

SEPTEMBER 29, 2023

Also, Vise introduces AI-powered workflow; SEI updates portal, tools; a new report finds that API security incidents are rising in financial services and more.

Financial Services 124

Financial Services 124

Trade Brains

SEPTEMBER 27, 2023

Indian Railways is on a continuous growth path and ranks as the world’s 4th biggest railway network, along with this, the Vandhe Bharat Express is a game-changer for Indian Railways as it aims to modernise Indian Railways by improving connectivity, security, sanitation and speed. But it doesn’t stop there! These trains are not just fuel efficient but also help reduce carbon emissions, making them eco-friendly and promoting sustainable transportation.

Transportation 116

Transportation Numbers Planning Investing 116

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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

Abnormal Returns

SEPTEMBER 29, 2023

The biz Google ($GOOGL) is sunsetting Google Podcasts in favor of YouTube Music. (techcrunch.com) Apple ($AAPL) Podcasts now pulls in more content from associated apps. (theverge.com) Spotify ($SPOT) wants to translate podcasts into different languages using the host's voice. (theverge.com) A profile of the guys behind the popular ‘Tooth and Claw’ podcast.

Economy 210

Economy Insurance Management 210

Calculated Risk

SEPTEMBER 25, 2023

I stopped the weekly updates of high frequency indicators at the end of 2022. Here is a late September look at four indicators: -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers. This data is as of September 24th. Click on graph for larger image. This data shows the 7-day average of daily total traveler throughput from the TSA for 2019 (Light Blue), 2020 (Black), 2021 (Blue), 2022 (Orange) and 2023 (Red).

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Transportation Numbers Sales 120

Wealth Management

SEPTEMBER 28, 2023

Preferred equity providers are increasingly looking to close financing gaps in the multifamily sector, according to Multi-Housing News. CoStar News looks into how the proliferation of AI is driving data center growth beyond their usual markets. These are among today’s must reads from around the commercial real estate industry.

Marketing 117

Marketing Marketing 117