Nerd's Eye View

DECEMBER 21, 2022

Monte Carlo simulations have become the dominant method for conducting financial planning analyses for clients and are a feature of most comprehensive financial planning software programs. By distilling hundreds of pieces of information into a single number that purports to show the percentage chance that a portfolio will not be depleted over the course of a client’s life, advisors often use this data point as the centerpiece when they present a financial plan.

Financial Planning 242

Financial Planning Planning Retirement Portfolio 242

The Big Picture

DECEMBER 17, 2022

This week, we speak with Robert Koenigsberger , the managing partner and chief investment officer of Gramercy Funds Management. A dedicated emerging markets investment manager, Gramercy Funds Management — which Koenigsberger founded in 1998 — now has more than $5 billion dollars in assets under management. We discuss how he first found his way into Emerging Markets Debt back in the 1980s, working in a small EM boutique.

Management 269

Management Valuation Consulting Investing 269

Abnormal Returns

DECEMBER 22, 2022

Books An excerpt from "Wealth, Cost and Price in American Higher Education: A Brief History" by Bruce A. Kimball and Sarah M. Iler. (insidehighered.com) A Q&A with Jess Grose author of "Screaming on the Inside: The Unsustainability of American Motherhood." (annehelen.substack.com) Russia How Putin misjudged the war in Ukraine. (nytimes.com) Russia's mobilization was characterized by poor training an inadequate gear.

Education 226

Education Media Government 226

Mish Talk

DECEMBER 22, 2022

Amazon AMZN Market Cap. Amazon is down from a peak of $1.88 trillion to $854.8 billion making it the first company to lose over $1 trillion in market cap. Who's next? Tesla TSLA Market Cap. Tesla has lost about $727 billion in market cap but it likely will not be next. Facebook META Market Cap. This is an impressive effort by Meta, down $759 billion in market cap from its peak.

Marketing 210

Marketing Marketing Valuation Economics 210

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

Nerd's Eye View

DECEMBER 20, 2022

Welcome back to the 312th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Emily Rassam. Emily is the Senior Financial Planner for Archer Investment Management, a virtual Independent RIA based in Austin, Texas, that oversees $170 million of assets under management for nearly 170 families. What's unique about Emily, though, is how after struggling for years at a position where responsibilities and pressure kept building (and kept deterring her from being present i

Financial Advisor 226

Financial Advisor Financial Planning Planning Financial Planner 226

Abnormal Returns

DECEMBER 20, 2022

Managed futures Why trend following works during changing macroeconomic environments. (mrzepczynski.blogspot.com) Managed futures work best during periods of market transition. (blogs.cfainstitute.org) Research What accounts for big stock price jumps? (papers.ssrn.com) Why 1/N diversification is hard to beat. (papers.ssrn.com) Diseconomies of scale in asset management are real.

Accounting 224

Accounting Management Assets Marketing 224

Mish Talk

DECEMBER 22, 2022

Noose Tightens Around Sam Bankman-Fried The Rats Rat on SBF The Wall Street Journal reports Caroline Ellison, Associate of FTX Founder Sam Bankman-Fried, Pleads Guilty to Criminal Charges Caroline Ellison, the former chief executive of Alameda Research, a trading firm tied to FTX, and Gary Wang, FTX’s former chief technology officer, both pleaded guilty to criminal offenses similar to those Mr.

Commission 203

Commission Assets Economics 203

Nerd's Eye View

DECEMBER 23, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that Congress appears poised to pass “SECURE Act 2.0”, a series of measures that will have significant impacts on the world of retirement planning. From gradually raising the RMD age to 75 to expanding opportunities to make Roth-style contributions, to increasing the annual limit for Qualified Charitable Distributions, this legislation will likely

Financial Planner 200

Financial Planner Retirement Planning Financial Planning Distribution 200

The Big Picture

DECEMBER 21, 2022

Ritholtz Wealth Management Chairman & CIO and “Masters in Business” Bloomberg Radio & Podcast Host, discusses the Fed’s rate hikes and market reaction. Powell Should Declare Victory: Ritholtz. Source: Bloomberg , December 20th, 2022. The post Powell Should Declare Victory & Go Home appeared first on The Big Picture.

Wealth Management 161

Wealth Management Management Marketing Marketing 161

Advertisement

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

DECEMBER 18, 2022

Markets You can safely ignore all the year-end stock market forecasts. (nytimes.com) It's way too easy to kid yourself you saw what was coming down the pike. (wsj.com) Sam Ro, "The thing about certain risks is that the become less of a problem for markets the more market participants talk about them." (tker.co) Finance Cryptocurrency is the Segway of finance, heavily hyped and niche-only.

Financial Advising 218

Financial Advising Economics Media Economy 218

Mish Talk

DECEMBER 20, 2022

US dollar index monthly chart courtesy of StockCharts.com annotations by Mish. Yesterday, the Bank of Japan unexpectedly lifted its ceiling on 10-year government bonds from 0.25 percent to 0.50 percent. Japan 10-year bond yield courtesy of Trading Economics. The BOJ lifted the ceiling to stop an unwelcome slide in the yen. In response, bond yields also jumped in the US.

Banking 191

Banking Economics Government Taxes 191

Pragmatic Capitalism

DECEMBER 20, 2022

Here’s a new edition of 3 Minute Macro on the topic of Eurodollars.

188

188

The Big Picture

DECEMBER 19, 2022

My back-to-work morning train WFH reads: • Why Hot Wheels are one of the most inflation-proof toys in American history : Hot Wheels are a retail oddity. They remain one of the most affordable toys in the country at a time when inflation is chipping away at savings accounts and compounding credit card debt for many Americans. ( NPR ). • The Fed Is Making a Mistake—and the Stock Market Will Pay the Price : The central bank raised interest rates by half a point and promised to hold rates higher for

Retail 141

Retail Management Economy Economics 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

DECEMBER 23, 2022

Best of lists The best finance podcasts of 2022 including 'Masters in Business.' (realreturns.blog) Why 'The Compound & Friends' was the best podcast of the year. (bigtechnology.com) The best podcasts of 2022 including 'Stolen: Surviving St. Michael’s. (newyorker.com) Ten of the best podcasts of 2022 including 'Things Fell Apart' by John Ronson.

Media 205

Media Healthcare Economics Management 205

Mish Talk

DECEMBER 19, 2022

8Chart courtesy of StockCharts.Com, annotations by Mish. A long-term chart suggests the real driver for gold is not inflation, not the dollar, not conspiracies, not China, and not oil, but rather faith in central banks. Timeline Synopsis Nixon closed the gold redemption window on August 15, 1971. The price of gold was $35 an ounce. Faith in the dollar and central banks collapsed.

Banking 187

Banking Accounting Assets Marketing 187

Calculated Risk

DECEMBER 23, 2022

The BEA released the Personal Income and Outlays report for November: Personal income increased $80.1 billion (0.4 percent) in November , according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $68.6 billion (0.4 percent) and personal consumption expenditures (PCE) increased $19.8 billion (0.1 percent).

Food 145

Food Economics 145

A Wealth of Common Sense

DECEMBER 20, 2022

Think back to 2010. After you got done signing up for some new app called Instagram and finished 17 shows and movies about vampires, maybe you finished reading The Girl With the Dragon Tattoo trilogy. Once all that pop culture consumption was done, you would have needed some non-fiction to keep up with the intellectual crowd so you moved on to The Big Short by Michael Lewis.

Marketing 137

Marketing Marketing 137

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

DECEMBER 23, 2022

Content Some Substack newsletters that some prominent writers recommend including 'Doomberg.' (petition.substack.com) Blair duQuesnay's favorite female-created financial content from 2022. (blairbellecurve.com) What some Morningstar ($MORN) analysts recommend from 2022 including “The Bond King: How One Man Made a Market, Built an Empire, and Lost It All” by Mary Childs.

Financial Advising 204

Financial Advising Media Economy Retail 204

Mish Talk

DECEMBER 18, 2022

Tesla TSLA weekly chart courtesy of StockCharts.Com. Tesla bounced off weekly support at the 220 level then quickly crashed strong support at the 180 level with nary a bounce. Next support is the 140 level, then 100, then 60, then 23. Tesla Monthly Support Levels. Tesla TSLA monthly chart courtesy of StockCharts.Com. At the monthly level, things look grim.

Sales 176

Sales Assets Marketing Marketing 176

Calculated Risk

DECEMBER 22, 2022

From WardsAuto: U.S. Light-Vehicle Sales to Weaken Again in December; Inventory Set to Rise (pay content). Brief excerpt: If Winter Storm Elliott is as bad as predicted, it will create another headwind to December deliveries on top of inventory-related issues, fear of recession and rising prices and interest rates. Conversely, because the bad weather is hitting broad swaths of the U.S. at a time when most vehicle assembly plants will be closed anyway for the holiday season, production losses sho

Sales 139

Sales Marketing Marketing 139

A Wealth of Common Sense

DECEMBER 22, 2022

A reader asks: I know no one can predict the future…yada, yada, yada, but just between us – what’s going to happen with the stock market next year? I’m not sure I can handle another year like 2022. Life would be a lot easier if I knew the answer to this question. I guess the good news is there really isn’t much connective tissue from one year to the next in terms of one year’s price action impacting the next y.

Marketing 134

Marketing Marketing 134

Advertisement

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!

Accounting

Abnormal Returns

DECEMBER 21, 2022

Markets Four things that mattered for portfolios in 2022. (morningstar.com) Gasoline prices are ending 2022 below where they were a year ago. (compoundadvisors.com) Media stocks have had a miserable year. (on.ft.com) Companies Whatever the explanation, Tesla ($TSLA) shorts have cashed in this year. (wsj.com) Amazon's ($AMZN) Fresh store push has stalled out.

Financial Advising 166

Financial Advising Media Economy Portfolio 166

Investment Writing

DECEMBER 19, 2022

Have you resolved to exercise more? With that in mind, I’ve updated this list of free and low-cost online exercise classes that I originally created during the early months of the COVID-19 pandemic. I am grateful to my writer friends who suggested these resources to me. My current exercise favorites. My go-to website for low-impact cardio exercise is Team Body Project.

Investing 119

Investing Investments 119

Calculated Risk

DECEMBER 19, 2022

Active inventory decreased last week. Here are the same week inventory changes for the last four years ( usually inventory declines seasonally through the Winter ): 2022: -13.5K 2021: -13.1K 2020: -14.4K 2019: -18.1K Altos reports inventory is down 2.5% week-over-week and down 9.6% from the peak on October 28th. Click on graph for larger image. This inventory graph is courtesy of Altos Research.

138

138

Wealth Management

DECEMBER 21, 2022

With property fundamentals in their best shape in quite some time and attractive cap rates, some investors are looking to put their money into shopping and power centers.

119

119

Advertisement

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

DECEMBER 18, 2022

Top clicks this week What is the bond market saying about the economy right now? (awealthofcommonsense.com) What is going to happen to home prices if mortgage rates stay above 6%? (awealthofcommonsense.com) This is the best present to yourself and others. (allaboutyourbenjamins.com) What Oaktree Capital types are reading including "How the World Really Works: The Science Behind How We Got Here and Where We’re Going" by Vaclav Smil.

Economy 157

Economy Marketing Marketing 157

Indigo Marketing Agency

DECEMBER 19, 2022

As a financial advisor, your job requires you to stay on top of leading industry information, the evolving ways to connect with clients, and new strategies for managing money. With so much going on, it can be challenging to keep track of everything. That’s why we’ve identified the top 41 financial influencers we believe will greatly impact the industry in 2023.

Financial Advisor 116

Financial Advisor CFP Financial Services Education 116

Calculated Risk

DECEMBER 19, 2022

Note: This is as of November 30th. From the MBA: Share of Mortgage Loans in Forbearance Remains Flat at 0.70% in November The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance remained flat relative to the prior month at 0.70% as of November 30, 2022. According to MBA’s estimate, 350,000 homeowners are in forbearance plans.

Government 137

Government Portfolio Planning Numbers 137