Abnormal Returns
MARCH 3, 2024
Also on the site Five thoughts on the power of letting go. (abnormalreturns.com) Top clicks this week What happens when you invest right before a bear market? (awealthofcommonsense.com) Solana is at new all-time highs. (allstarcharts.com) Consumer Reports' top ten list for 2024 is filled with hybrids. (cnbc.com) The Magnificent Seven is all anybody can talk about in the U.S.
Nerd's Eye View
MARCH 6, 2024
Financial advisors often discuss how futile it is to try and predict what will happen in the stock market, and yet the reality is that a core component of creating a financial plan involves making a prediction for how markets will behave, at least in the long run. An assumed rate of return is needed, for example, to illustrate how much a client might need to save for retirement, how much savings they'll have when they do retire, and how long their savings will last after they stop working.
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The Big Picture
MARCH 4, 2024
The one and only Howard Marks… The post Making Complicated Ideas Simple appeared first on The Big Picture.
Carson Wealth
MARCH 7, 2024
By Jake Anderson, CFP ® , Wealth Planner When helping clients begin retirement planning, the same questions often arise: What should my retirement plan look like? How much should I be saving? Although there are some basic guidelines, your financial life is as unique as your fingerprint. Your lifestyle, goals, family situation, and risk tolerance will give a unique signature to your retirement plan.
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.
Abnormal Returns
MARCH 5, 2024
Markets Industrials are leading. (allstarcharts.com) Congratulations, goldbugs. (seeitmarket.com) Strategy Being right is more important than being first. (microcapclub.com) Being fearful is no way to invest. (dariusforoux.com) Why you should write more. (investmenttalk.co) Crypto Spot Bitcoin ETFs are raking in the assets. (wsj.com) Microstrategy ($MSTR) is trading at a big premium to its Bitcoin holdings.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Fortune Financial
MARCH 7, 2024
Signed into law in 1956 by then President Dwight Eisenhower, the Federal Highway Act created the Interstate Highway System , which would become the largest and costliest public works project in history. Measuring almost 48,000 miles in total distance, the Interstate Highway System was completed only in 1992, more than three decades after work began, and for a total cost in today’s dollars of more than $500 billion. ( source: Wikipedia Commons ) Inspired in large part by the German Autoba
Calculated Risk
MARCH 7, 2024
From Manheim Consulting today: Wholesale Used-Vehicle Prices Declined in February Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were down in February compared to January. The Manheim Used Vehicle Value Index (MUVVI) fell to 203.8, a decline of 13.1% from a year ago. The index was down 0.1% against the month of January 2024.
Abnormal Returns
MARCH 4, 2024
Retirement JP Morgan Asset Management's 'Guide to Retirement.' (am.jpmorgan.com) How longevity literacy affect financial wellness in retirement. (papers.ssrn.com) Why getting charitable giving in retirement right is challenging. (fa-mag.com) Headcount RIAs need to do a better job of recruitment AND retention. (riabiz.com) The battle for adviser talent will only grow.
Nerd's Eye View
MARCH 4, 2024
Welcome to the March 2024 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 advisor lead generation platform Datalign Advisory reached nearly $15B in referred client assets (and almost $3B in actually-converted assets) in just its 2nd year of business, as advisor demand for pa
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
A Wealth of Common Sense
MARCH 8, 2024
America is in a weird place demographically-speaking. On the one hand, we have 70 million baby boomers reaching retirement age. They control most of the wealth. They control most of the housing market. And they still control the thermostat when you visit their houses. On the other hand, we have 73 million millennials who are in their prime household formation years.
Calculated Risk
MARCH 6, 2024
From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 9.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 1, 2024. The Market Composite Index, a measure of mortgage loan application volume, increased 9.7 percent on a seasonally adjusted basis from one week earlier.
Abnormal Returns
MARCH 2, 2024
Autos Consumer Reports' top ten list for 2024 is filled with hybrids. (cnbc.com) Ford ($F) owners now have access to the Tesla ($TSLA) supercharger network. (arstechnica.com) The 'greenest' new car may surprise you. (axios.com) Transport Given rising auto-related fatalities, self-driving cars should not be controversial. (newcomer.co) A chemical tanker with wind-assisted propulsion has launched.
Nerd's Eye View
MARCH 7, 2024
For many financial advisors, the traditional way of doing business has generally been based on a transaction-based service model involving functional solutions to clients' practical problems. In more recent years, though, advisors have begun to focus on developing stronger and more meaningful relationships, recognizing the advantage of better understanding clients' values and priorities when it comes to solving for their long-term goals.
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.
Advisor Perspectives
MARCH 4, 2024
I have written this month’s Absolute Return Letter with a heavy heart. I don’t take any pleasure from other people’s misery.
Calculated Risk
MARCH 8, 2024
From the BLS : Total nonfarm payroll employment rose by 275,000 in February, and the unemployment rate increased to 3.9 percent , the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in government, in food services and drinking places, in social assistance, and in transportation and warehousing. The change in total nonfarm payroll employment for December was revised down by 43,000, from +333,000 to +290,000, and the change for January was revised down by 124,000
Abnormal Returns
MARCH 4, 2024
Markets Has passive investing really broken the stock market? (wsj.com) The U.S. is not a standout when it comes to index concentration. (ft.com) Every market correction doesn't turn into a bear market. (awealthofcommonsense.com) Finance Whatever you call it, clean energy investment is growing. (wsj.com) The U.S. Treasury market is set for some big changes.
Nerd's Eye View
MARCH 5, 2024
Welcome back to the 375th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Rob Schultz. Rob is the Senior Partner of NWF Advisory, a hybrid firm based in Los Angeles, California, where he oversees nearly $500M in assets under management for 200 client households. What's unique about Rob, though, is how he's systematized his meeting process, from his meeting prep down to a standardized agenda flow that allows him to dig into client-specific details while also main
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.
Wealth Management
MARCH 7, 2024
The advocacy group for advisors argued the rule is overly broad. In contrast, the outgoing director of the SEC's Investment Management Division said the degree of risk in AI’s proliferation is “obvious.
The Irrelevant Investor
MARCH 4, 2024
The pandemic-fueled asset bubble was a wild time to be an investor. If it had a ticker, it was going higher. A lot higher. Didn’t matter if it was a stock or a bond or a commodity or a SPAC or a crypto token or an NFT. Prices became completely delinked from economic reality. Even if an investor were discounting, lol, fifty years into the future, things were completely out of control.
Abnormal Returns
MARCH 5, 2024
Crypto A little Bitcoin goes a long way in a portfolio perspective. (quantpedia.com) How to use factors to build a crypto portfolio. (sparklinecapital.com) Options How retail traders use options. (papers.ssrn.com) A video on the Black-Scholes options pricing model. (marginalrevolution.com) Alts How fundraising affects PE fund decision making. (papers.ssrn.com) Equity funds haven't gotten a boost by investing in venture capital deals.
Calculated Risk
MARCH 3, 2024
What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For January, Realtor.com reported inventory was up 7.9% YoY, and down 40% compared to January 2019. Now - on a weekly basis - inventory is up 17.8% YoY, and that would still put inventory down about 38% compared to February 2019.
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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!
Wealth Management
MARCH 6, 2024
If the claims are successful in their claims against the estate because it would void nearly $3 billion in deductions to the foundations claimed by the estate.
Advisor Perspectives
MARCH 8, 2024
The weekly leading economic index (WLEI) is a composite for the U.S economy that draws from over 20 time-series and groups them into the following six broad categories which are then used to construct an equally weighted average. As of February 23rd, the index was at 18.988, up 3.094 from the previous week, with 5 of the 6 components in expansion territory.
Abnormal Returns
MARCH 6, 2024
Podcasts Barry Ritholtz talks with Meir Statman about values based-investing. (ritholtz.com) Howard Lindzon talks direct indexing with Mo Al Adham, Founder and CEO of Frec. (youtube.com) Carl Richards talks with Morgan and Gretchen Housel about using simple spending experiments. (podcasts.apple.com) Peter Lazaroff talks with Christine Benz about retirement withdrawal strategies.
A Wealth of Common Sense
MARCH 7, 2024
A reader asks: I don’t recall any questions being asked on the benefits of gold investing. Gold has increased by around 7% a year for the past 10 years but it’s never mentioned on any of The Compound shows as a good investment. It is not better than holding cash as cash purchasing power will go down as inflation goes up whereas gold will at least keep up?
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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.
Wealth Management
MARCH 6, 2024
Plaus, who announced his retirement from Merrill Lynch last February, will lead Citi Private Bank North America. He succeeds Halé Behzadi, who will be retiring at the end of March.
Calculated Risk
MARCH 6, 2024
Fed's Beige Book Economic activity increased slightly, on balance, since early January, with eight Districts reporting slight to modest growth in activity, three others reporting no change, and one District noting a slight softening. Consumer spending, particularly on retail goods, inched down in recent weeks. Several reports cited heightened price sensitivity by consumers and noted that households continued to trade down and to shift spending away from discretionary goods.
Abnormal Returns
MARCH 8, 2024
The biz Transcripts have come to Apple ($AAPL) Podcasts. (sixcolors.com) The Apple ($AAPL) vs. Spotify ($SPOT) fight heats up. (spyglass.org) Economy Derek Thompson talks with Judd Cramer about what economists got wrong about the current economy. (theringer.com) Russ Roberts talks with Jeremy Weber, author of "Statistics for Public Policy: A Practical Guide to Being Mostly Right (or at Least Respectably Wrong).
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