Nerd's Eye View

OCTOBER 23, 2023

The results of the 2022 Kitces Research study on "How Financial Planners Actually Do Financial Planning" show that financial plan comprehensiveness has increased over time as advisors try to do more and more for clients to validate their fees, hitting them with a proverbial "sledgehammer of value".

Financial Planning 245

Financial Planning Planning Clients Financial Planner 245

Abnormal Returns

MARCH 5, 2024

wsj.com) Microstrategy ($MSTR) is trading at a big premium to its Bitcoin holdings. apolloacademy.com) Earlier on Abnormal Returns Research links: frequent disappointments. (microcapclub.com) Being fearful is no way to invest. dariusforoux.com) Why you should write more. calculatedriskblog.com) Office vacancy rates are only going up.

Financial Advising 253

Financial Advising Media Economy Sales 253

Abnormal Returns

DECEMBER 5, 2023

Markets The premium for green energy stocks has evaporated. morningstar.com) Crypto Some Grayscale crypto trusts are again trading a premiums. econbrowser.com) Earlier on Abnormal Returns Research links: tracking performance. wsj.com) The reversal in lithium prices is impressive. ft.com) Lumber prices are flatish year-over-year.

Financial Advising 237

Financial Advising Media Retirement Economy 237

Abnormal Returns

APRIL 18, 2023

institutionalinvestor.com) Equity risk premium More evidence that the vast majority of stock market returns come from a handful of stocks. papers.ssrn.com) A new model that derives the equity risk premium from the options markets. papers.ssrn.com) Research Holding gold comes at a cost.

Portfolio 199

Portfolio Investing Investments Marketing 199

Abnormal Returns

MARCH 26, 2024

Markets The equity risk premium is skimpy at the moment. bonddad.blogspot.com) Earlier on Abnormal Returns Research links: noisy, unreliable data. capitalspectator.com) Higher for longer is helping to push Treasury yields higher. year-over-year increase in home prices through January.

Financial Advising 253

Financial Advising Media Economy Banking 253

Abnormal Returns

JANUARY 30, 2024

bloomberg.com) ESG Are investors in low ESG scoring companies paid a premium? klementoninvesting.substack.com) Research Are rising interest rates good for factor investors? (quantpedia.com) Quant stuff How to calculate the risk-free rate implicit in options prices. morningstar.com) ESG investment as a luxury good.

Investing 177

Investing Investments Marketing Marketing 177

Alpha Architect

DECEMBER 15, 2023

The timing of equity factor premiums has a strong allure for investors because academic research has found that factor premiums are both time-varying and dependent on the economic cycle. The Temptation of Factor Timing was originally published at Alpha Architect.

Economics 125

Economics Asset Allocation Assets Investing 125

Abnormal Returns

JANUARY 17, 2024

calculatedriskblog.com) Higher health insurance premiums are eating into worker income. abnormalreturns.com) Research links: a handy framework. (bonddad.blogspot.com) In December, Americans kept spending. calculatedriskblog.com) National homebuilder confidence jumped in January. ft.com) The new business boom in the U.S.

Startup 237

Startup Financial Advising Insurance Media 237

Abnormal Returns

AUGUST 8, 2023

papers.ssrn.com) Research What are the chances top 5 companies will be the same in 10 years? mailchi.mp) What you need to know about the equity risk premium. (klementoninvesting.substack.com) There's no evidence that economic forecasters can actually forecast. wealthmanagement.com) Why you should ask analysts to rank their stocks.

Marketing 225

Marketing Marketing Medical Economics 225

Abnormal Returns

JUNE 6, 2023

insights.finominal.com) Research Kai Wu, "While Quality seeks firms that are profitable today, Intangible Value seeks those investing in profitability tomorrow." sparklinecapital.com) Is there a premium for 'sin stocks'? (econofact.org) Although used interchangeably, hedging and diversification are two different things.

Valuation 164

Valuation Investing Investments Marketing 164

Abnormal Returns

SEPTEMBER 6, 2022

evidenceinvestor.com) Green assets don't always earn a premium. institutionalinvestor.com) A round-up of recent research on trading costs and market frictions. (papers.ssrn.com) ETF issuers need to have a strong online presence. papers.ssrn.com) ESG Why ESG investors should earn lower returns. capitalspectator.com).

Marketing 176

Marketing Marketing Valuation Assets 176

The Big Picture

APRIL 21, 2024

The Guardian ) see also Great Barrier Reef suffering ‘most severe’ coral bleaching on record as footage shows damage 18 metres down : Marine researcher ‘devastated’ by widespread event that is affecting coral species usually resistant to bleaching. ( His group manages $2.3 trillion in client assets.

Accounting 152

Accounting Education Assets Management 152

Alpha Architect

DECEMBER 29, 2023

The empirical research findings demonstrate that the return premium generated by being long low-distress risk stocks and short high-distress risk stocks is persistent and that the capital asset pricing model (CAPM) and the Fama-French three-factor models cannot explain it. Hence, we have the distress puzzle, or anomaly.

Assets 107

Assets Investing Investments 107

Abnormal Returns

JUNE 28, 2023

wsj.com) Fund management Do investors know what they are getting in the popular JPMorgan Equity Premium Income ETF ($JEPI)? abnormalreturns.com) Research links: declaring structural breaks. (institutionalinvestor.com) The European market for IPOs is moribund. ft.com) Sequoia Capital had to choose between China and the U.S.

Recruitment 212

Recruitment Financial Advising Media Economy 212

Abnormal Returns

OCTOBER 17, 2023

(arstechnica.com) Florida More Florida homeowners are opting to drop insurance due to soaring premiums. bonddad.blogspot.com) Earlier on Abnormal Returns Research links: acceptably high yields. wsj.com) Florida's citrus groves are in secular decline as home values soar. calculatedriskblog.com) Americans are buying a lot of new cars.

Financial Advising 199

Financial Advising Financial Advisor Insurance Media 199

Nerd's Eye View

MAY 6, 2024

Especially given that NewRetirement has already managed to get some sizable 401(k) providers and recordkeepers to offer the software on a paid basis to their own plan participants … which means NewRetirement is effectively getting paid to market its own advice services (a marketing funnel that pays for itself!?).

Financial Advisor 130

Financial Advisor Retirement Planning CFP Clients 130

Abnormal Returns

FEBRUARY 14, 2023

papers.ssrn.com) Research The value premium is still pretty wide. Crypto Contrary to earlier hopes, Bitcoin is now just a risk-on asset. institutionalinvestor.com) On the existence of cross-asset momentum in crypto assets. alphaarchitect.com) The presence of smart beta investors reduces the return to notable factors.

Assets 130

Assets Portfolio Management 130

Abnormal Returns

OCTOBER 25, 2022

Factors How much of factor research is dependent on falling interest rates? papers.ssrn.com) Why you should expect the value premium to persist over time. institutionalinvestor.com) Research Why trade Bitcoin when you can trade the Nasdaq. quantpedia.com) CTA returns with the stock market can vary wildly over the short term.

Commission 130

Commission Retail Portfolio Management 130

Abnormal Returns

OCTOBER 3, 2023

Rates By this measure, the term premium is now positive. theinformation.com) Earlier on Abnormal Returns Research links: people partnerships. axios.com) Why bonds are once again a viable investment option. morningstar.com) Why interest rates have been rising. ft.com) TikTok is a cash machine for ByteDance.

Startup 176

Startup Financial Advising Media Retail 176

Abnormal Returns

JANUARY 17, 2023

papers.ssrn.com) Research The illiquidity premium is theory not a 'law of nature.' (caia.org) Retirement participants who use managed accounts were the least likely to trade and the most likely to seek advice during the Covid period. fwpwealth.com) What does the evidence say about the diversification benefits of REITs?

Retirement 130

Retirement Accounting Portfolio Management 130

Validea

APRIL 5, 2023

By Jack Forehand, CFA, CFP® ( @practicalquant ) — Most of us who build factor-based portfolios rely on academic research as the underpinning of our strategies. If we want to adopt an investment strategy that works over the long-term, then academic research offers a great testing ground to help us figure that out. Chaves et al.

Investing 69

Investing Investments CFP Portfolio 69

Abnormal Returns

AUGUST 2, 2022

papers.ssrn.com) Research Do stocks do a good job of forecasting recessions? evidenceinvestor.com) Is there are a return premium for 'brown stocks'? (morningstar.com) Does the historical relationship between real gold prices and TIPS yields hold water? marketwatch.com) Defined contribution Do DC investors care about ESG? Not that much.

130

130

Alpha Architect

MARCH 17, 2023

Regardless of the model used, an anomaly for all models is that the empirical evidence demonstrates that stocks with high research and development (R&D) expenses have delivered a premium. <strong>Research Please read the Alpha Architect disclosures at your convenience.

Investing 93

Investing Investments 93

The Big Picture

JANUARY 27, 2023

And in a recent ranking by Consumer Reports which tested 12 different carmakers, Tesla’s ranked seventh ( CNN Business ) • Here’s Why the Illiquidity Premium Is a Bad Reason to Invest in PE : Investors go into private markets knowing they can’t easily sell their funds — an expectation that eliminates the compensation for tying up their money.

Engineering 257

Engineering Medicine Sales Economics 257

Alpha Architect

MAY 12, 2023

This article examines the research conducted by Dimensional to determine the efficacy of an industry or country approach to factor investing. Pursuing Factor Premiums at the Industry and Country Level was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

Investing 84

Investing Investments 84

NAIFA Advisor Today

APRIL 8, 2024

The winning articles in the Journal are selected by an independent panel of judges based on originality of research, clarity of writing, timeliness of the subject matter, and appropriateness for the Journal’s readership. Journal Author Award to advance scholarly research and writing in financial services.

Financial Services 64

Financial Services Ethics CFP Education 64

Meb Faber Research

JULY 22, 2022

Equity Risk Premium (The Best Investment Writing Volume 6) Author: Richard Ennis, CFA, managed money at Transamerica and pioneered quant investing in the early 1970s. Equity Risk Premium (The Best Investment Writing Volume 6) appeared first on Meb Faber Research - Stock Market and Investing Blog. Becker & Co.

Investing 85

Investing Investments Consulting Management 85

The Big Picture

JULY 16, 2022

His research into markets and valuation has won numerous accolades and recognitions, including the Graham and Dodd award, the Harry M. He adds that Value Premium remains inexpensive versus the rest of the market. It takes a longer period of lower returns to make up for that.

Portfolio 354

Portfolio Valuation Engineering Economics 354

The Big Picture

MAY 25, 2023

Treasury bills that will mature over the next several months while paying a premium to buy debt issued by Microsoft and Johnson & Johnson, two of the highest-rated U.S. Just days or weeks before the government faces a possible funding shortfall, investors are shunning U.S. Wall Street Journal ) • Negotiating Power Back.

Distribution 257

Distribution Media Government Economy 257

The Big Picture

DECEMBER 7, 2023

Originally, At the Money was exclusive to Apple Premium podcasts; now, its out from behind the paywall, and available where ever you find your favorite podcasts: YouTube , Spotify , Bloomberg , and Apple Podcasts. He has been involved in researching, reporting and analyzing the investment management industry for more than 20 years.

Investing 152

Investing Investments Portfolio Management 152

The Big Picture

NOVEMBER 1, 2023

A Wealth of Common Sense ) • Higher Bond Yields Could End the Fed’s Historic Rate Rises : Some economists say the rise in yields’ term premium is worth two or three Fed rate hikes ( Wall Street Journal ) • Chains are using theft to mask other issues, report says. And it forces lawmakers to respond. (

Retail 130

Retail Economy Engineering Financial Services 130

The Big Picture

SEPTEMBER 4, 2023

A Wealth of Common Sense ) • Recession Signal From Yield Curve May Not Work, ECB Says : Deep inversion has previously been a red flag of recession Years of bond buying has compressed term premium, says ECB. Miller Samuel’s research and data analytics drive much of the national real estate brokerage publications and strategic plans.

Strategic Planning 269

Strategic Planning Education Sales Consulting 269

Validea

JUNE 22, 2023

We talk both retirement planning and factor investing with Dimensional Fund Advisors Senior Researcher Mathieu Pellerin.

Retirement 52

Retirement Investing Investments Retirement Planning 52

Validea

JUNE 22, 2023

We talk both retirement planning and factor investing with Dimensional Fund Advisors Senior Researcher Mathieu Pellerin.

Retirement 52

Retirement Investing Investments Retirement Planning 52

Validea

APRIL 27, 2023

The low equity risk premium makes stocks look less appealing than bonds, and they need to be able to offer a higher return than bonds for the long term in order to retain investors who will eventually jump ship to Treasurys. His firm’s research shows that the average equity risk premium over the long term is about 1.62

Valuation 52

Valuation Investing Investments Accounting 52

MarketWatch

MAY 26, 2023

The stock has been under pressure since a May 2 report by short-selling firm Hindenburg Research that accused Icahn’s publicly traded investment vehicl eof inflating asset values and causing his company to trade at a large premium. Icahn Enterprises LP’s stock IEP fell another 3% Friday to extend its month-to-date losses to 61%.

Investing 75

Investing Investments Assets Management 75

The Big Picture

OCTOBER 14, 2022

The average premium is three times the national average, and rates are rising by 30 to 50 percent a year. He runs the business that provides investments, services, education, and research to more than 1,000 financial advisory firms representing more than $3 trillion in assets. They were wrong. Businessweek ).

Insurance 161

Insurance Economics Financial Advisor Education 161