Abnormal Returns
APRIL 18, 2024
Strategy Passive investors don't change relative prices. (bloomberg.com) A good outcome doesn't necessarily mean it was a good decision. (novelinvestor.com) Don't change your asset allocation in response to a market pullback. (rogersplanning.blogspot.com) Crypto The Grayscale Bitcoin Trust ($GBTC) continues to leak assets. (wsj.com) Bitcoin is whatever you want it to be.
Nerd's Eye View
APRIL 18, 2024
For over a decade, the financial advice industry has been bracing for an "any-minute-now" tsunami of advisor retirements and concomitant sales of financial planning practices. Although that wave has yet to materialize (as many advisors may find that they'd prefer to stay engaged and earn well past the 'traditional' retirement age), the fact remains that, at some point, many aging advisors will have the opportunity to capture the enterprise value that they've spent their careers building.
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Abnormal Returns
APRIL 18, 2024
Books An excerpt from James Lawrence Powell’s book “Mysteries of the Deep: How Seafloor Drilling Expeditions Revolutionized Our Understanding of Earth History.“ (thereader.mitpress.mit.edu) An excerpt from "Everest, Inc.: The Renegades and Rogues Who Built an Industry at the Top of the World" by Will Cockrell. (insidehook.com) Lessons learned from "Wuhan: How the Covid-19 Outbreak in China Spiraled Out of Control," by Prof Dali Yang.
A Wealth of Common Sense
APRIL 18, 2024
A reader asks: I get all the stuff Ben has been saying about inflation — wages have kept pace, economic growth has been higher than the 2010s, wages have risen the most for lower income people, etc. I get all that. My husband and I own a house and own stocks so we’ve benefitted in recent years. Having said all of that, I STILL CAN’T GET OVER HOW HIGH PRICES ARE!!!
Speaker: Amanda Adams, Fractional CFO, CPA
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.
Calculated Risk
APRIL 18, 2024
Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Decreased to 4.19 million SAAR in March Excerpt: Sales Year-over-Year and Not Seasonally Adjusted (NSA) The fourth graph shows existing home sales by month for 2023 and 2024. Sales declined 3.7% year-over-year compared to March 2023. This was the thirty-first consecutive month with sales down year-over-year.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
NAIFA Advisor Today
APRIL 18, 2024
Congratulations to NAIFA Trustee Stephen Kagawa , LUTCF, FSS, on being named the 71 st recipient of NAIFA-Los Angeles ’s Will G. Farrell Public Service Award. The CEO and Chairman of the Board of The Pacific Bridge Companies has been a loyal NAIFA member since 1986.
Wealth Management
APRIL 18, 2024
In looking for “better ways” to foster growth and solve for other long-term goals, advisors need to weigh the value of pain vs. gain when it comes to a transition.
Trade Brains
APRIL 18, 2024
Hanging Man Candlestick Pattern: Investors use technical analysis to predict stock price movements based on historical trends. The candlestick pattern is a popular method that examines the shape and color of individual candlesticks to identify past reactions and predict future stock price movements. This approach is essential for making informed investment decisions in the stock market.
Wealth Management
APRIL 18, 2024
Jeff Casey, president and senior financial advisor at CG Financial Services, uses integrations of various programs to achieve efficiency for the $3.1 billion AUM firm.
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Random Roger's Retirement Planning
APRIL 18, 2024
First, an update on my test drive of the Defiance NASDAQ 100 Enhanced Option Income ETF (QQQY). I bought 100 shares on its first or second day of trading last fall for $2017 and I sold it today for $2114 which includes reinvesting the dividends. The price, without reinvesting dividends has fallen by about 24% but as I've been saying all along with these, if the entire dividend is taken out and spent, they are likely to go to zero (not quite literally).
Wealth Management
APRIL 18, 2024
Edelman Financial Engines is fighting Mariner’s motion to dismiss its lawsuit. In a new filing, Edelman argues that Mariner gets “free rides” off of its competitors.
Calculated Risk
APRIL 18, 2024
From the NAR: Existing-Home Sales Descended 4.3% in March Existing-home sales slipped in March, according to the National Association of REALTORS®. Among the four major U.S. regions, sales slid in the Midwest, South and West, but rose in the Northeast for the first time since November 2023. Year-over-year, sales decreased in all regions. Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – receded 4.3% from February to a season
Wealth Management
APRIL 18, 2024
From Telemus Capital, Matt Dmytryszyn's resume spans 20 years as a research analyst for LaSalle Street, Russell Investments and Piper Jaffray,
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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
Calculated Risk
APRIL 18, 2024
The DOL reported : In the week ending April 13, the advance figure for seasonally adjusted initial claims was 212,000 , unchanged from the previous week's revised level. The previous week's level was revised up by 1,000 from 211,000 to 212,000. The 4-week moving average was 214,500, unchanged from the previous week's revised average. The previous week's average was revised up by 250 from 214,250 to 214,500. emphasis added The following graph shows the 4-week moving average of weekly claims since
Wealth Management
APRIL 18, 2024
The questions advisors should ask when considering private equity investments for their clients.
Calculated Risk
APRIL 18, 2024
From STR: U.S. hotel results for week ending 13 April Helped by the total solar eclipse, U.S. hotel performance increased from the previous week, according to CoStar’s latest data through 13 April. 7-13 April 2024 (percentage change from comparable week in 2023): • Occupancy: 65.8% (+2.8%) • Average daily rate (ADR): US$160.20 (+2.9%) • Revenue per available room (RevPAR): US$105.48 (+5.8%) emphasis added The following graph shows the seasonal pattern for the hotel occupancy rate using the four-
Wealth Management
APRIL 18, 2024
It waives excise tax for failure to take RMDS for 2024 for certain accounts
Speaker: Igli Laci, Strategic Finance Leader
In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a
Advisor Perspectives
APRIL 18, 2024
Let’s explore the world of cash. One year after the collapse of SVB, fiduciaries need to understand the cash management platforms on the market, including the fine print that can make or break a client relationship. The right platform will help the advisor provide more holistic advice and grow their AUM organically. My guest will discuss what advisors need to know about cash sweep accounts and how advisors can evaluate different platforms.
Calculated Risk
APRIL 18, 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 March, Realtor.com reported inventory was up 23.5% YoY, but still down almost 38% compared to March 2017 to 2019 levels. Now - on a weekly basis - inventory is up 29.1% YoY. Realtor.com has monthly and weekly data on the existing home market.
NAIFA Advisor Today
APRIL 18, 2024
NAIFA Trustee Barbara A. Pietrangelo , an accomplished Financial Planner and a loyal member of NAIFA since 1992, stands out as a beacon of expertise and commitment. Her career began in 1991 at the Prudential Insurance Company of America, where she has since ascended to become the Wealth Solutions Report Financial Planner of the Year as One of the Top Women Industry Leaders for 2024.
Carson Wealth
APRIL 18, 2024
Carson Wealth’s Thom Hall CFP®️, ChFC®️, CExP, CEPA Managing Director, Partner & Wealth Advisor and Rick Krebs CPA, CEPA discuss business exit planning and how to make an intelligent exit. Rick Krebs and BSales Group are not an affiliate of Cetera Advisor Networks, LLC, or CWM, LLC. Opinions expressed by the presenter may not be representative of Cetera Advisor Networks, LLC, or CWM, LLC.
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Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.
NAIFA Advisor Today
APRIL 18, 2024
David McKnight is a renowned financial advisor and expert in zero-tax retirement planning, having assisted thousands of Americans in achieving the zero percent tax bracket. He has frequently appeared in numerous national publications, including Forbes , USA Today , the New York Times , Fox Business , CBS Radio, and Bloomberg Radio. With four #1 Amazon best-selling books to his credit, including The Power of Zero , Look Before You LIRP , The Volatility Shield , and Tax-Free Income for Life , Davi
Advisor Perspectives
APRIL 18, 2024
When does a strong dollar become too strong? “Right now” would be the cry of most emerging-market currencies, not to mention policymakers in Japan. Even the European Central Bank says it’s paying attention to the foreign exchange market.
Validea
APRIL 18, 2024
Trend following is a popular investment strategy that has gained significant attention in recent years, particularly in the realm of equity investing. This article will delve into the concept of trend following, its effectiveness, the metrics and lookback periods commonly employed, and the behavioral challenges it presents to investors. What is Trend Following?
Advisor Perspectives
APRIL 18, 2024
Japan has had two big moments in the last month, with the Nikkei 225 equity index breaking above the highs set in 1989, and the Bank of Japan (BoJ) raising interest rates for the first time in 17 years.
Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global
In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!
Norman Marks
APRIL 18, 2024
My congratulations to David Dufek for his recent article for the IIA’s Internal Auditor magazine, Building a Better Auditor: Be Lazier. He makes several excellent points, but misses one: it can take hard work to be what he calls “the good kind of lazy”.
Advisor Perspectives
APRIL 18, 2024
With energy stocks trading near all-time highs and oil climbing as well, hedge funds think they’ve found a trade to capitalize: Sell the shares and pour the profits into buying more crude.
SEI
APRIL 18, 2024
Part two: Jim Solloway, Chief market strategist and senior portfolio manager, and Vivian Estadt, Client service director, present our economic outlook in this two-part series.
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