Nerd's Eye View

JANUARY 25, 2023

With the U.S. economy predicted by many experts to slow down in the near future, many people’s thoughts have turned to the prospect of a recession. And along with those expectations may come concerns for those still in the workforce about the possibility of layoffs, and needing to get by without income for an unknown period of time. Such periods can be fraught with anxiety, since beyond 'just' the fear of losing one’s livelihood is the realization that there is little way to control

Clients 178

Clients Planning Insurance Medical 178

The Reformed Broker

JANUARY 21, 2023

Hung with my friends Haley Sacks (Mrs. Dow Jones), Pat McAuliffe (Barstool Sports) and Gabe Walker (PRE.VEYOR) at the Knicks game this week. That’s after doing Closing Bell from the NYSE and then a quick slice at Joe’s Pizza (“Famous Since 1975). A very New York night, really reminded me of what I love so much about this town, despite its flaws and annoyances.

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The Big Picture

JANUARY 23, 2023

I wanted to drop a quick note about the endless spate of layoff announcements — and why you should (mostly) ignore them. Let’s start with some numbers: Microsoft 22,000 (10%) Amazon 18,000 (1%) Google 12,000 (6.4%) Salesforce 7,000 (10%) Tesla 10,000 (10%) Twitter 3,700 (50%) Apple 0 (0%) Keep in mind a few things as you con

Economics 314

Economics Numbers Planning Investing 314

Abnormal Returns

JANUARY 22, 2023

Top clicks this week What investment beliefs do you hold that a majority of investment pros would disagree with? (mebfaber.com) Is this a new bull market? Hold on. (theirrelevantinvestor.com) The stock market typically bottoms before earnings. (tker.co) Nick Maggiulli, "Being rich is a feeling." (ofdollarsanddata.com) Time and patience play a big role in wealth building.

Insurance 226

Insurance Investing Investments Marketing 226

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Accounting

Nerd's Eye View

JANUARY 23, 2023

An important truism about marketing is that to be effective, the marketer’s message needs to connect with the audience it intends to reach. Traditional forms of marketing used by financial advisors – including networking with one’s friends and family members, cold-calling, and paid advertising – have been effective at reaching a ‘typical’ client base of older, wealthy retirees.

Marketing 234

Marketing Marketing Financial Planner Education 234

The Big Picture

JANUARY 25, 2023

Fascinating discussion this morning from Robin Powell. He points to a research note from Kings College where the authors surveyed active managers about how they were responding to the shift in favor from active to passive fund management over the past decade or two. But they also asked questions about how these managers invested their own monies. Robin buries the lede in his discussion, but allow me to correct that oversight: “ Active managers invest their own capital passively.” Man

Management 291

Management Investing Investments Financial Market 291

Abnormal Returns

JANUARY 21, 2023

EVs EVs made up 10% of global auto sales in 2022. (wsj.com) Toyota ($TM) pioneered hybrids, so have they resisted EVs? (slate.com) How Hertz ($HTZ) plans to help cities build charging networks. (axios.com) Why electric trucks at U.S. ports would help reduce air pollution. (marketwatch.com) In an ideal world, EVs are a part of the broader grid. (wired.com) Environment Where do California's reservoirs now sit, capacity-wise?

Advertising 218

Advertising Food Financial Advising Media 218

Nerd's Eye View

JANUARY 24, 2023

Welcome back to the 317th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Jennifer Climo. Jennifer is the CEO and a Senior Advisor for Milestone Financial Planning, an independent RIA based in Bedford, New Hampshire, that oversees $360 million in assets under management for 225 client households. What's unique about Jennifer, though, is how, after more than a decade of building her own successful solo practice, she intentionally decided to merge her practice wit

Management 231

Management Financial Advisor Retirement Planning 231

The Reformed Broker

JANUARY 27, 2023

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Nathan Vardi, and Downtown Josh Brown discuss Nathan’s book (For Blood and Money), the biotech landscape, hedge fund returns, the GOAT of investing, venture capital, why the market is rallying, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

Investing 246

Investing Investments Marketing Marketing 246

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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

The Big Picture

JANUARY 26, 2023

I am genuinely excited about a new presentation I have been working on since the holidays: How to Avoid Financial Disasters. My career in finance has coincided with an amazing string of disasters, ranging from the analyst scandal, IPO spinning, and accounting restatements, to say nothing of Enron, Bernie Madoff, and FTX. The TL:DR version: there are three big problems that HNW and UHNW investors that lead to a devastating loss of capital: 1.

Accounting 282

Accounting Portfolio Investing Investments 282

Abnormal Returns

JANUARY 27, 2023

The biz The podcasting business has gone from gold rush to mature in a couple of years. (niemanlab.org) Spotify ($SPOT) has yet to make the most of its podcast acquisitions. (theverge.com) Twenty lessons Ryan Holiday learned making his podcast including ' (ryanholiday.net) AI Derek Thompson talks with Ben Thompson, of Stratechery, about the wide-ranging impact of AI.

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Management 215

Nerd's Eye View

JANUARY 27, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that CFP Board announced this week that it is splitting into two separate organizations with the same leadership but different nonprofit statuses. By switching to 501(c)(6) nonprofit status, the new CFP Board of Standards will have expanded abilities to advance the planning profession through lobbying and more targeted advertising messages to grow the ranks of

Financial Planner 211

Financial Planner Nonprofit CFP Advertising 211

The Reformed Broker

JANUARY 26, 2023

Final Trades: Qualcomm, Chevron, Carlyle Group & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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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

The Big Picture

JANUARY 25, 2023

My mid-week morning train WFH reads: • NYSE Investigates Technical Issue That Caused Wild Market Open : At least 40 S&P 500 stocks were hit with trading halts. NYSE says it’s investigating issues with the opening auction. ( Bloomberg ) • For Tech Companies, Years of Easy Money Yield to Hard Times : Rock-bottom rates were the secret engine fueling $1 billion start-ups and virtual attempts to conquer the physical world.

Wealth Management 279

Wealth Management Medical Engineering Investing 279

Abnormal Returns

JANUARY 25, 2023

Podcasts Dan Harris talks with Morgan Housel author of "The Psychology of Money." (tenpercent.com) David Senra on lessons learned from Charlie Munger and Warren Buffett. (joincolossus.com) Investing Ben Carlson, "Saving is far more important the younger you are while investing matters a whole lot more as age and build up your savings." (awealthofcommonsense.com) How some self-awareness can help you avoid overtrading.

Retirement 208

Retirement Insurance Investing Investments 208

Nerd's Eye View

JANUARY 26, 2023

For many financial advisory firm owners, growth is often the primary goal in the early years of launching a business. However, at a certain point, initial business growth goals will have been met, leaving the business owner at a crossroads of deciding where to take the business next – should they maintain the firm’s current size or continue the growth trajectory and adapt to the firm’s growing needs to bring on more clients?

Communication 199

Communication Clients Financial Advisor Business Planning 199

The Reformed Broker

JANUARY 24, 2023

Final Trades: Live Nation, Chevron, Citigroup and more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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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

The Big Picture

JANUARY 26, 2023

My morning train WFH reads: • ChatGPT is everything you wanted Bitcoin to be : ChatGPT was introduced a few months ago and has already spread like wildfire in a way that Bitcoin never has, despite the latter’s explosive rise into the public consciousness as a way to gamble and speculate. OpenAI’s ChatGPT has instantly found use cases, most notably at the high school and college level as children begin to experiment with it as a way to help them complete (or cheat on) their assignments. ( Reforme

Economics 265

Economics Banking Assets Investing 265

Abnormal Returns

JANUARY 25, 2023

Crypto Some crypto miners are sitting on valuable electricity contracts. (ft.com) The crypto bottoming keeps gaining momentum. (coindesk.com) Companies Josh Brown, "If you were the CEO or CFO of a Fortune 500 company, why wouldn’t you project caution right now?" (thereformedbroker.com) What you can learn about enterprise spending from Microsoft's ($MSFT) earnings.

Financial Advising 203

Financial Advising Startup Media Retirement 203

Calculated Risk

JANUARY 27, 2023

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released today from Chief Economist Danielle Hale: Weekly Housing Trends View — Data Week Ending Jan 21, 2023. Note: They have data on list prices, new listings and more, but this focus is on inventory. • Active inventory growth continued to climb with for-sale homes up 69% above one year ago.

Numbers 145

Numbers Sales Marketing Marketing 145

The Reformed Broker

JANUARY 25, 2023

IBM beats on top line, profits in margin from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.

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Accounting

The Big Picture

JANUARY 27, 2023

My end-of-week morning train WFH reads: • Elon Musk’s Epic Quest for LOLs Is Only Hurting Tesla : Amid falling demand and sudden price cuts, the CEO seems determined to take a blowtorch to his company’s brand. ( Businessweek ) see also Consumer Reports calls Ford’s automated driving tech much better than Tesla’s Tesla’s Autopilot was once groundbreaking technology.

Engineering 256

Engineering Medicine Sales Economics 256

Abnormal Returns

JANUARY 26, 2023

Markets A look at Vanguard's 10-year equity return forecasts. (etf.com) Investment grade bonds are having a good start to the year. (axios.com) Why luxury watch prices are coming down. (ft.com) Strategy Jurien Timmer, “Just because the 60/40 didn’t work last year doesn’t mean it will never work again.” (morningstar.com) Bubbles often come along with new metrics to justify them.

Startup 197

Startup Financial Advising Investment Advisor Insurance 197

Calculated Risk

JANUARY 22, 2023

Earlier, in the CalculatedRisk Real Estate Newsletter on December existing home sales, NAR: Existing-Home Sales Decreased to 4.02 million SAAR in December , I mentioned that the median price was down more than normal seasonally. Below is a table of the seasonal pattern over the last several years. Seasonally prices typically peak in June (closed sales for contracts signed mostly in April and May).

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Sales 145

Wealth Management

JANUARY 23, 2023

In a settlement, FINRA said the firm mistakenly believed that third-party b/ds executing the trades were responsible for spotting potential market manipulation.

Marketing 144

Marketing Marketing 144

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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

The Big Picture

JANUARY 24, 2023

 The transcript from this week’s, MiB: Steven Klinsky, New Mountain Capital , is below. You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ ANNOUNCER: This is Masters in Business with Barry Ritholtz on Bloomberg Radio.

Investing 256

Investing Investments Numbers Banking 256

Abnormal Returns

JANUARY 27, 2023

Strategy The investment landscape has completely transformed in the past century. (awealthofcommonsense.com) 2022 shows that every portfolio strategy comes under pressure. (portfoliocharts.com) Why so many investors get caught up in return chasing. (novelinvestor.com) The stock market is constantly providing us 'instant feedback' much to our detriment.

Financial Advising 196

Financial Advising Distribution Valuation Media 196

Calculated Risk

JANUARY 27, 2023

The BEA released the Personal Income and Outlays report for December: Personal income increased $49.5 billion (0.2 percent) in December , according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $49.2 billion (0.3 percent) and personal consumption expenditures (PCE) decreased $41.6 billion (0.2 percent).

Food 141

Food Economics 141