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Why Is the Fed Always Late to the Party?

The Big Picture

If only the Fed didn’t do X, our portfolio would have been much better” seems to be a terrible approach to managing assets for clients. 2010s : Remained on emergency footing post GFC for far too long – left rates at 0 until December 2015. I am not a Fed hater or part of the crew that wants to “End the Fed.”

Banking 336
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History of Black Monday

The Big Picture

Portfolio Insurance : Created a vicious feedback loop and added to downward pressure; 3. October 19, 2015). We can trace lots of today’s market structure to that event, and the changes it wrought subsequently. Consensus over the ensuing years has focused on several key drivers: 1. Overheated market : +42.5%

Insurance 360
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What Else Might be Driving Sentiment?

The Big Picture

I run through 30 charts in 30 minutes that explain where we are in the economic cycle, what markets are doing, and what it means to their portfolios. 3 This was evident way back in 2015, when the post-GFC recovery was in full flower but was broadly ignored by much of the population. This quarter, it was Sentiment.

Media 351
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How Sequence-Of-Inflation Risk Impacts Retirees Beyond Just Sequences Of Returns

Nerd's Eye View

And when its variability is not accounted for, the quality and resilience of the advice in a client's financial plan can suffer, especially for those with lower portfolio returns and higher probability-of-success expectations.

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Inflation Is A Risk In Retirement, But Most Planning Technology Doesn’t Treat It That Way

Nerd's Eye View

And when its variability is not accounted for, the quality and resilience of the advice in a client's financial plan can suffer, especially for those with lower portfolio returns and higher probability-of-success expectations.

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#FA Success Ep 367: When Being In Business With Your Spouse Doesn’t Work Out And You Have To Start Over, With Kimberly Enders

Nerd's Eye View

Kimberly is the Lead Financial Planner and Managing Partner of Enders Wealth Management, a hybrid advisory firm based in Sterling Heights, Michigan, that oversees $50M in assets under management for 85 client households.

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Monthly NFPs Are Rounding Errors

The Big Picture

Don’t have one] (August 2nd, 2013) NFP: Pay No Attention to the Statistician Behind the Curtains (January 10, 2014) Don’t Suffer From Denominator Blindness (October 14, 2015) _ 1: All Employees: Total Nonfarm, commonly known as Total Nonfarm Payroll, is a measure of the number of U.S. This is not a popular opinion.

Numbers 264