Abnormal Returns
OCTOBER 31, 2024
Books An excerpt from "The Price Of Power: How Mitch McConnell Mastered The Senate, Changed America, And Lost His Party" by Michael Tackett. (theatlantic.com) A Q&A with Amanda Ripley author of "High Conflict: Why We Get Trapped and How We Get Out." (davidepstein.substack.com) A Q&A with Eliza Griswold author of "Circle of Hope: A Reckoning with Love, Power, and Justice in an American Church.
Nerd's Eye View
OCTOBER 31, 2024
For many years, the traditional career track for financial advisors has been an 'eat what you kill' model – where advisors must independently find, convert, and manage their own clients. As such, it isn't uncommon for an advisor's first few years to be characterized by long hours, high rejection rates, and low pay. For many, this can be a stressfully prolonged period that typically eases only as advisors build their client base and establish themselves in the industry.
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Abnormal Returns
OCTOBER 31, 2024
Crypto Crypto volume is up at Robinhood ($HOOD). (theblock.co) Microstrategy ($MSTR) plans to keep buying more Bitcoin. (coindesk.com) Coinbase ($COIN) is buying back shares. (theblock.co) Real estate Institutional investor ownership of single-family homes is concentrated in certain geographies. (wsj.com) How Florida's new condo laws are playing out.
Carson Wealth
OCTOBER 31, 2024
I once received an email from a family friend about long-term care insurance. He was frustrated over a premium increase – which wasn’t the first rate hike. Yet, he was thankful for the policy. Despite the rising cost, he knew the importance of long-term care insurance in helping protect himself and his family. Mostly because he knew the alternative and had seen examples of it play out time and time again.
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.
A Wealth of Common Sense
OCTOBER 31, 2024
We also discussed questions about Roth vs. traditional retirement accounts, the pros and cons of targetdate funds, retiring in your mid-30s and what to do about big gains in Mag 7 stocks. Further Reading: What’s the Investment Case For Gold? 1I had our chart guy Matt cut off the tops of the gold chart here because some of the returns in the 1970s were so high.
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Trade Brains
OCTOBER 31, 2024
Promoter holding refers to the percentage of shares owned by a company’s founders, promoters, or their family members. It reflects insider confidence in the business, with higher holdings typically indicating strong commitment and alignment with minority shareholders’ interests. When promoters increase their holdings in a company, it typically sends a strong positive signal to the market.
Advisor Perspectives
OCTOBER 31, 2024
Personal income ( excluding transfer receipts ) rose 0.3% in September and is up 5.1% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, real personal income (excluding transfer receipts) was up 0.08% month-over-month and up 2.9% year-over-year.
Wealth Management
OCTOBER 31, 2024
Lisa Roberts joined the firm in 2023, previously serving as the head of U.S. markets. She will succeed Doris Meister, who stepped down earlier this year.
Advisor Perspectives
OCTOBER 31, 2024
The most common questions we’ve been asked as the election approaches are generally about the Federal debt and deficits. Many investors worry about a looming “day of reckoning” for US debt. They fear the US’s fiscal imprudence will eventually force a sudden and dramatic repricing of US debt. In this insight, we explore the modern history of US debt to GDP across several Presidential administrations and outline why investors should not be worried about a financial apocalyp
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.
Wealth Management
OCTOBER 31, 2024
Indexed ETFs remain a top tool, but advisors report healthy usage of actively managed ETFs and mutual funds for equities and fixed-income allocations.
Discipline Funds
OCTOBER 31, 2024
1) The SMCI Debacle SMCI has been on of the darlings of the AI boom over the last few years. But earlier this week they announced some, um, accounting “irregularities”. Not great. Now, I don’t know the specifics of the troubles there, but one thing I highlighted earlier this year was the strange addition of SMCI to the S&P 500 in March. SMCI was added despite having qualified for the index for just a few months.
Wealth Management
OCTOBER 31, 2024
The deal expands Sequoia’s Southeast footprint, bringing the RIA to 16 offices in 10 states, and this represents its seventh acquisition since 2023.
Million Dollar Round Table (MDRT)
OCTOBER 31, 2024
By Apelles Poh Hong Pang Are you a positive or negative person? Do you struggle to deal with difficulties in your life? These three questions helped me reframe my perspective toward the problems I face. They are very practical, and we can apply them immediately to the challenges confronting us now. What could have been worse? “I complained that I have no shoes, until I saw someone with no feet.
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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.
Wealth Management
OCTOBER 31, 2024
Meant for non-licensed advisors, the new platform generates carrier-agnostic quotes and provides a digital application process.
Calculated Risk
OCTOBER 31, 2024
The BEA released the Personal Income and Outlays report for September: Personal income increased $71.6 billion (0.3 percent at a monthly rate) in September, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI), personal income less personal current taxes, increased $57.4 billion (0.3 percent) and personal consumption expenditures (PCE) increased $105.8 billion (0.5 percent).
Wealth Management
OCTOBER 31, 2024
Looking ahead to the presidential election, advisors are evenly split on the near-term direction of the economy and the markets.
Calculated Risk
OCTOBER 31, 2024
The DOL reported : In the week ending October 26, the advance figure for seasonally adjusted initial claims was 216,000 , a decrease of 12,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 227,000 to 228,000. The 4-week moving average was 236,500, a decrease of 2,250 from the previous week's revised average.
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
Wealth Management
OCTOBER 31, 2024
With this transaction and its recently announced deal with Pegasus Partners, Lido’s total assets will grow to about $27 billion to $28 billion.
Calculated Risk
OCTOBER 31, 2024
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 8:30 AM ET, Employment Report for October. The consensus is for 120,000 jobs added, and for the unemployment rate to be unchanged at 4.1%. • At 10:00 AM, ISM Manufacturing Index for October. The consensus is for 47.6, up from 47.2. • Also at 10:00 AM, Construction Spending for September.
Wealth Management
OCTOBER 31, 2024
Q&A with Orion Advisor Solutions Chief Behavioral Officer Dr. Daniel Crosby.
Calculated Risk
OCTOBER 31, 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 September, Realtor.com reported inventory was up 34.0% YoY, but still down 23.2% compared to the 2017 to 2019 same month levels. Now - on a weekly basis - inventory is up 27.6% YoY.
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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.
Wealth Management
OCTOBER 31, 2024
Dylan O’Shea reveals what pulled him away from Merrill and to Quorum Private Wealth.
Calculated Risk
OCTOBER 31, 2024
On Friday at 8:30 AM ET, the BLS will release the employment report for October. The consensus is for 120,000 jobs added, and for the unemployment rate to be unchanged at 4.1%. There were 254,000 jobs added in September, and the unemployment rate was at 4.1%. From BofA: We expect nonfarm payrolls to rise by 100k in Oct after coming in at 254k in Sep. the u-rate should move back up to 4.2%, in part due to hurricane distortions. emphasis added From Goldman Sachs: We estimate nonfarm payrolls rose
Wealth Management
OCTOBER 31, 2024
The core four-person advisor support network to add $50 million a year.
Calculated Risk
OCTOBER 31, 2024
Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased in September; Up 3.6% Year-over-year A brief excerpt: Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.28% month-over-month on a seasonally adjusted (SA) basis in September. On a year-over-year basis, the National FMHPI was up 3.6% in September, down from up 4.0% YoY in August.
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
OCTOBER 31, 2024
Equities continued to climb in Q3, with fixed income remaining steady despite international conflicts, inflationary pressure, and election-related uncertainty in the United States.
Random Roger's Retirement Planning
OCTOBER 31, 2024
Jeff Malec from RCM Capital Tweeted the following series of charts to help frame what has been going on with managed futures. Here's a sampling of what some of the funds have been doing over the same period. The names don't matter, the group has been grinding around. It may not feel like it but in the same period, the S&P 500 is up almost 5% even though it was pretty flat in October.
Advisor Perspectives
OCTOBER 31, 2024
In the week ending October 26th, initial jobless claims were at a seasonally adjusted level of 216,000. This represents a decrease of 12,000 from the previous week's figure and is better than forecasts for 229,000.
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