Abnormal Returns
DECEMBER 15, 2023
Rates Interest rates have peaked. (disciplinefunds.com) Why the stock and bond markets are actually in disagreement. (bloomberg.com) Charlie Munger Ten quotes from Charlie Munger including "Take a simple idea and take it seriously." (mastersinvest.com) Some more thoughts from the late Charlie Munger. (thefinancialbodyguard.com) Banks Citigroup ($C) has shuttered its municipal bond business.
Nerd's Eye View
DECEMBER 15, 2023
Enjoy the current installment of "Weekend Reading For Financial Planners" - this week’s edition kicks off with the news that this week's round of public hearings on the Department of Labor's proposed new fiduciary rule featured fierce opposition from the brokerage and insurance industries – which, while unsurprising given those industries' stance against the DoL's previous fiduciary rule (which ultimately caused it to be struck down in court in 2018), nonetheless highlights the debat
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Abnormal Returns
DECEMBER 15, 2023
The biz Spotify ($SPOT) is testing AI-powered playlists created from text prompts. (engadget.com) SiriusXM's ($SIRI) business has kind of stalled out. (variety.com) Lizzie O'Leary talks with Bloomberg's Ashley Carman about Spotify's ($SPOT) future. (slate.com) Economy Derek Thompson talks the impact of GLP-1 drugs with Zach Reitano CEO of the telehealth platform Ro and Dr.
A Wealth of Common Sense
DECEMBER 15, 2023
Robert Kiyosaki wrote one of the most-read personal finance books of all time — Rich Dad, Poor Dad. I read it early on in my career. It never really did it for me but I can see why people latch onto the allegory he shares about learning the right financial habits. It’s a good thing to get people interested in personal finance because no one teaches you this stuff.
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.
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. Please read the Alpha Architect disclosures at your convenience.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
DECEMBER 15, 2023
From the Fed: Industrial Production and Capacity Utilization In November, industrial production increased 0.2 percent , and manufacturing output rose 0.3 percent. The increase in manufacturing output was more than accounted for by a 7.1 percent bounceback in motor vehicles and parts production following the resolution of strikes at several major automakers.
Wealth Management
DECEMBER 15, 2023
Jeff Bernier, president of $200 million AUM TandemGrowth Financial Advisors, says his team squeezes all the productivity possible from a selectively chosen tech stack.
Random Roger's Retirement Planning
DECEMBER 15, 2023
Unusual Whales (very worth following) Tweeted that "51% of Gen-Xers and 40% of Boomers have said they are 'significantly behind' their retirement, per CNBC." There were plenty of comments of course with quite a few speculating that the actual numbers are probably worse, which makes intuitive sense to me. Then, just for fun, Barron's piled on with Shame On Us, Gen-X.
Wealth Management
DECEMBER 15, 2023
The contradictions and competing priorities that come with the "professionalization" of the independent wealth management space underscored most of the conversations at the recent MarketCounsel Summit.
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.
Integrity Financial Planning
DECEMBER 15, 2023
Snowshoeing is a fun, low-impact, and beginner-friendly winter sport. It’s a fantastic way to explore the snow-filled landscapes and get a heart-pumping workout. If you’re new to snowshoeing, don’t fret! Here’s your guide to getting started. Choosing Your Snowshoes The first step in learning how to snowshoe is selecting the right pair.
Wealth Management
DECEMBER 15, 2023
In the latest RIA news, Carson Group, Lido Advisors, Snowden Lane Partners, Buckingham Strategic Wealth, Savvy Advisors and Cetera all announced deals this week.
Advisor Perspectives
DECEMBER 15, 2023
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 December 1st, the index was at 10.200, up 0.868 from the previous week, with 4 of the 6 components in expansion territory.
Wealth Management
DECEMBER 15, 2023
Advisors are using Nebo to construct institutional quality, dynamic, real-time model portfolios that are personalized to each client, in a fraction of the time previously required.
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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.
Advisor Perspectives
DECEMBER 15, 2023
Manufacturing activity declined in New York State, according to the Empire State Manufacturing December survey. The diffusion index for General Business Conditions fell to -14.5 from 9.1 in November. This morning's reading was worse than the forecast of 2.0 and pushes the index back into contraction territory.
Wealth Management
DECEMBER 15, 2023
Also, Millennium Trust acquires NuView Trust Company and Reflection Analytics launches a digital platform for ESG audit and analysis.
Trade Brains
DECEMBER 15, 2023
RBZ Jewellers IPO Review : The Indian Market is the largest consumer of Gold Jewellery in the world, slightly beating China with a market share of 28.8%. The Jewellery market is worth an astonishing 4.6 Lakh Cr, of which 85% is just Gold Jewellery. To cash in on the country’s love for gold, a small-scale gold jewellery maker is coming up with their IPO.
Wealth Management
DECEMBER 15, 2023
The ruling underscores importance of careful will drafting and estate administration.
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
Trade Brains
DECEMBER 15, 2023
Fundamental Analysis of Pricol : Stylish features on a vehicle speedometer and accessories are an essential part of any vehicle. The cost of replacing any vehicle part is better than replacing the whole vehicle. In this article, we will look into Fundamental Analysis of Pricol Limited, which is into manufacturing of Automobile parts. Fundamental Analysis of Pricol Ltd Company Overview In 1975, the company started manufacturing and dealing in automobile ancillary components such as driver informa
Wealth Management
DECEMBER 15, 2023
Building a secure future through personal and organizational balance.
Advisor Perspectives
DECEMBER 15, 2023
The S&P 500 finished up 2.5% from last Friday, leading to the index's seventh consecutive week of gains. The index now sits just 1.61% below its record close from January 3, 2022 and is currently up 23.41% year to date.
Wealth Management
DECEMBER 15, 2023
The panel of experts will discuss and answer questions about the changes made by SECURE 2.
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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.
Advisor Perspectives
DECEMBER 15, 2023
Industrial production rose 0.2% in November, less than the projected 0.3% increase, due to a bounce back in motor vehicles and parts production following the resolution of strikes at several automakers. Compared to one year ago, industrial production has declined 0.39%.
WiserAdvisor
DECEMBER 15, 2023
According to a survey, a significant majority of Americans, approximately 80%, share the common notion that the point of working hard in your adult life is so you can enjoy a nice retirement. After years of dedicated labor and hard work, the prospect of a peaceful retirement appeals to everyone. Financial security is a fundamental element that can shape the quality of your post-employment years.
Advisor Perspectives
DECEMBER 15, 2023
A major change in automobile manufacturing could pave the way for a revolution in how cars are bought, fixed and resold. Gigacasting, which reduces the number of car panels, has the potential to lower prices but can complicate repairs and transfer costs to owners.
Calculated Risk
DECEMBER 15, 2023
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Due to changes at the CDC, weekly cases are no longer updated. For deaths, I'm currently using 3 weeks ago for "now", since the most recent two weeks will be revised significantly. Hospitalizations have more than tripled from a low of 5,150 in June 2023. Hospitalizations are far below the peak of 150,000 in January 2022.
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!
Advisor Perspectives
DECEMBER 15, 2023
Contrary to many Western analysts’ expectations, the shift from a unipolar to a multipolar world economy will not lead to a China-led alternative order but to global instability. Amid deepening economic fragmentation, leaders must forestall a rapid descent into chaos by strengthening the existing multilateral architecture.
Calculated Risk
DECEMBER 15, 2023
From Goldman: We left our Q4 GDP tracking estimate unchanged at +1.5% (qoq ar) and boosted our Q4 domestic final sales growth forecast by 0.1pp to +2.4% (qoq ar). [Dec 15th estimate] emphasis added And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2023 is 2.6 percent on December 14, up from 1.2 percent on December 7.
Advisor Perspectives
DECEMBER 15, 2023
Stronger signaling from the Federal Reserve that interest rate cuts are on the menu in 2024 understandably sent both stocks and bonds soaring on Wednesday.
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