Nerd's Eye View

SEPTEMBER 6, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that the Treasury Department has finalized rules requiring most SEC-registered RIAs to implement risk-based Anti-Money Laundering and Countering the Financing of Terrorism programs, including a requirement to report suspicious activity to Treasury's Financial Crimes Enforcement Network, with firms having until January 1, 2026 to comply with the rule.

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Financial Planner Compliance Tax Planning Financial Advice 245

Abnormal Returns

SEPTEMBER 6, 2024

Strategy Three reasons why the stock market declines. (awealthofcommonsense.com) Three reasons to buy Josh Brown's new book "You Weren’t Supposed To See That." (ritholtz.com) Semiconductors Trying to put a valuation on Nvidia ($NVDA). (aswathdamodaran.blogspot.com) TSMC's ($TSM) Arizona plant is on track for 2025 production. (bloomberg.com) Export controls are not keeping Nvidia ($NVDA) chips out of China.

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Financial Advising Media Valuation Economy 240

A Wealth of Common Sense

SEPTEMBER 6, 2024

I bought a Peloton exercise bike during the early days of the pandemic. It’s convenient and the technology is pretty neat.1 But I never would have purchased shares in the company. I have a rule of thumb that anything new that’s fitness-related is a fad. I’ve seen far too many fad diets and fancy exercise equipment or videos come and go over the years.

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Abnormal Returns

SEPTEMBER 6, 2024

Listening Someone was just charged with fraud using AI to create hundreds of thousands of fake songs by nonexistent bands. (arstechnica.com) What it's like to be 'the other guy' on a celebrity podcast. (nytimes.com) Hedge funds Corey Hoffstein talks with Giuseppe Paleologo about portfolio construction at multi-manager hedge funds. (podcasts.apple.com) Joe Weisenthal and Tracy Alloway talk with Joe Peta about how to measure manager skill.

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Management Portfolio Assets Investing 211

Speaker: Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

Sales

Calculated Risk

SEPTEMBER 6, 2024

Today, in the Calculated Risk Real Estate Newsletter: Catching Up: New Home Sales Increased to 739,000 Annual Rate in July Brief excerpt: I'm back from Africa! I’ll be catching up on recent data over the next few days, and I’ll post some photos / videos from my trip. Last week the Census Bureau reported New Home Sales in July were at a seasonally adjusted annual rate (SAAR) of 739 thousand.

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Sales 111

Calculated Risk

SEPTEMBER 6, 2024

The headline jobs number in the August employment report was below expectations, and June and July payrolls were revised down by 82,000 combined. The participation rate and the employment population ratio were unchanged, and the unemployment rate decreased to 4.2%. Construction employment increased 34 thousand and is now 665 thousand above the pre-pandemic level.

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Numbers Economics Manufacturing 100

Advisor Perspectives

SEPTEMBER 6, 2024

Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. There is, however, a general belief that there are four big indicators that the committee weighs heavily in their cycle identification process.

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Million Dollar Round Table (MDRT)

SEPTEMBER 6, 2024

By Dave Crenshaw I’m going to share with you what I call “switch busters,” which are ways to reduce the number of times you switch activities in your day. If you can do that, you can radically decrease the amount of time it takes to complete pretty much everything. Most- and least-valuable activities The one thing that really hits the heart is all the hats you wear, and they create a lot of switches.

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Numbers Clients Management 79

Wealth Management

SEPTEMBER 6, 2024

The lead enrichment provider also won a Wealthie award, CAIS has a new CTO and feature updates at interVal.

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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

Numbers

Calculated Risk

SEPTEMBER 6, 2024

From the BLS: Employment Situation Total nonfarm payroll employment increased by 142,000 in August, and the unemployment rate changed little at 4.2 percent , the U.S. Bureau of Labor Statistics reported today. Job gains occurred in construction and health care. The change in total nonfarm payroll employment for June was revised down by 61,000, from +179,000 to +118,000, and the change for July was revised down by 25,000, from +114,000 to +89,000.

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Wealth Management

SEPTEMBER 6, 2024

F2 Strategy's Doug Fritz discusses how the role of the CRM has evolved.

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Calculated Risk

SEPTEMBER 6, 2024

From BofA: Since our last weekly publication, the 3Q GDP tracking estimate went down three tenths to 2.3% q/q saar while our 2Q GDP tracking estimate remains unchanged at 3.0% q/q saar since the second official estimate. [Sept 6th estimate] emphasis added From Goldman: The details of the trade balance report were somewhat softer than our previous assumptions while the details of the factory orders report were roughly in line with our expectations.

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Sales Investing Investments 62

Advisor Perspectives

SEPTEMBER 6, 2024

The world’s biggest asset manager is taking some chips off the table as markets enter a “new phase” of turbulence ahead of a Federal Reserve interest rate cutting cycle and the US presidential election.

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Portfolio Assets Management Marketing 59

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.

Truemind Capital

SEPTEMBER 6, 2024

India’s 1-year G-Sec is trading at 6.75% and 10-year G-sec yields 6.85%. The difference is only 0.10%. 5-year G-sec is trading at 6.76%—almost at the same level as 1-year G-sec. This indicates that the yield curve is flat. There is a peculiar situation here. Usually, as the duration of any debt security increases (from the same issuer, in this case, it is GOI), the yield also goes up.

Investing 57

Investing Investments Portfolio Economy 57

Advisor Perspectives

SEPTEMBER 6, 2024

Recent changes to the FAFSA form and process include a simpler form, fewer questions and a revised eligibility formula. Our Bill Cass highlights what you need to know to apply for federal financial aid for college.

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Wealth Management

SEPTEMBER 6, 2024

Morgan Stanley will pay the fine to settle the investigation by the Massachusetts Securities Division.

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Sales 77

Advisor Perspectives

SEPTEMBER 6, 2024

US Treasuries gained and traders ramped up their bets that the Federal Reserve will opt for a supersized interest-rate cut this month after a mixed report on the US labor market.

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Marketing Marketing 52

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Finance Transformation Myths Busted Over 75% of organizations struggle to define the right success metrics to benchmark the impact of their finance transformation investment. Whether you are just initiating your digital transformation journey or planning to pitch your next AI project to leadership, without the right metrics and a rigorous tracking process - all your efforts might go to waste!

Investing

Trade Brains

SEPTEMBER 6, 2024

Reliance Industries Limited (RIL) recently outlined its future strategies at its Annual General Meeting (AGM). As a leading force in India’s business sector, RIL highlighted its plans for growth across retail, digital services, and energy. The company’s innovative approaches and strategic investments underscore its commitment to driving substantial value.

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Planning Retail Economics Economy 52

Validea

SEPTEMBER 6, 2024

In today’s unpredictable financial landscape, investors are increasingly seeking ways to help mitigate risk. One strategy that can make sense is focusing on low beta stocks that also demonstrate solid fundamentals. Let’s explore the benefits of this approach and highlight some standout companies that fit the bill. Understanding Beta and Its Importance Beta is a measure of a stock’s volatility in relation to the overall market.

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Marketing Marketing Valuation Financial Services 52

Advisor Perspectives

SEPTEMBER 6, 2024

There is a general belief that there are four big indicators that the NBER Business Cycle Dating Committee weighs heavily in their cycle identification process. This commentary focuses on one of those indicators, nonfarm employment. August saw a 142,000 increase in total nonfarm payrolls and the unemployment fell to 4.2%.

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Validea

SEPTEMBER 6, 2024

Here is the latest update for September from Validea’s market valuation tool. Rather than focusing on market-cap weighted indexes like the S&P 500, our tool focuses on the valuation of the average stock relative to history. We use the median of our investable universe of 2700 stocks to perform the calculation. The average stock got a little cheaper in August with the TTM PE Ratio falling to 21 from 21.5.

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Valuation Marketing Marketing Sales 52

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!

Management

Advisor Perspectives

SEPTEMBER 6, 2024

US hiring fell short of forecasts in August after downward revisions to the prior two months, a development likely to fuel ongoing debate over how much the Federal Reserve should cut interest rates.

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Random Roger's Retirement Planning

SEPTEMBER 6, 2024

Barron's dusted off the retirement bucket playbook in an article while also arguing that a 5% withdrawal rate in retirement can now be considered safe versus the more common 4%. Before I forget, read the comments on this one. Always read the comments. First to the buckets. They suggest two years worth of cash invested in cash proxies (my word, not theirs), 5-8 years in income producing securities like bonds and then put the rest in growth like the stock market.

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Retirement Math Portfolio Investing 45

Advisor Perspectives

SEPTEMBER 6, 2024

Most people see “blockchain” and “funds” in the same sentence and immediately think of pools of money betting on cryptocurrencies like Bitcoin and Ether. That isn’t how Singapore sees the utility of distributed ledgers.

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Distribution 52

Calculated Risk

SEPTEMBER 6, 2024

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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

Advisor Perspectives

SEPTEMBER 6, 2024

OPEC+ is like a teabag – it only works in hot water. The late Robert Mabro, one of the savviest oil-market observers, liked to say the cartel only got the job done when it was under prolonged financial pain. To judge by its latest actions, OPEC+ has yet to realize it’s inside a warming kettle.

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Marketing Marketing 52

Validea

SEPTEMBER 6, 2024

In the vast ocean of investment strategies, momentum investing stands out as a surfboard that catches the biggest waves. Unlike its more intuitive cousins such as value or quality investing, momentum doesn’t rely on fundamental analysis of a company’s financials. Instead, it’s all about riding the wave of market sentiment. What is Momentum Investing?

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Investing Investments Portfolio Assets 52

Advisor Perspectives

SEPTEMBER 6, 2024

The latest employment report showed 142,000 jobs were added in August, falling short of the expected addition of 164,000 new jobs. Meanwhile, the unemployment rate ticked lower to 4.2%.

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