The Irrelevant Investor

MARCH 31, 2020

Stocks are wrapping up their worst quarter since 2008. It could have been a lot worse, with stocks down 30% last week. The strong bounce has created a weird dynamic, where some people think everyone thinks one thing, and other people think everyone thinks something else. Here's what I mean exactly. There are people of the bearish persuasion who are saying "everyone thinks the lows are in," while you have more optimistic people saying "everyone thinks we retest the lows.

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Brown Advisory

MARCH 30, 2020

Managing Liquidity in the Coronavirus Market ajackson Mon, 03/30/2020 - 16:04 This article was written by Sid Ahl, Taylor Graff, Adam King and J.R. Rodrigo, members of Brown Advisory's Investment Solutions Group. Liquidity risk is a critical issue for investors at all times, and especially so in the current environment. The background liquidity conditions for capital markets have changed substantively since the 2008-09 financial crisis, and to some extent these changes have contributed to the li

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Indigo Marketing Agency

MARCH 22, 2020

It’s been an incredibly stressful time for most advisors and their clients. You have been putting out fires, worrying about the markets, and having the same conversations over and over with clients. But what comes next? How can you maintain a trusted relationship with your clients at a distance? How can you work remotely with the same level of efficiency and connection?

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Truemind Capital

MARCH 20, 2020

🔊 Play Audio. In my multiple conversations with investors during the bull-run since 2014, there was no one who said that I will not take advantage of investing in equity when the market will crash. In good times i.e. when the market valuations are usually very high, everyone agrees to the logic of buying low and selling high. But interestingly, very few implement this strategy.

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Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, 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.

Accounting

International College of Financial Planning

MARCH 13, 2020

It is not common for fresh graduates to be left in a lurch while they had planned a successful transition to becoming a working professional. Unfortunately that’s what the coronavirus pandemic has done to hundreds and thousands of students worldwide. The good news, however, is that all is not lost. The world hasn’t come to an end (and isn’t likely to), scientists are working overtime to develop a vaccine and many world economies are slowly limping back to normalcy.

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The Irrelevant Investor

MARCH 29, 2020

Articles Globally, companies have lost $26.1 trillion in market capitalization over the last five weeks By Aswath Damodaran Reducing noise is roughly twice as effective as reducing bias or increasing information By Michael Mauboussin and Dan Callahan A put option is like buying fire insurance on your house and trend following is more like an alarm and sprinkler system By Corey Hoffstein Don't let concerns about your retirement plan overwhelm what's really important By Christine Benz We must qui

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The Irrelevant Investor

MARCH 29, 2020

With the wild swings in the stock and bond market this year, it's likely that your asset allocation has gotten a bit out of whack. For example, a portfolio that started the year 60/40 (U.S. stock.bond) is now 54/46. This has a lot of people wondering, is now the right time to rebalance? In this post I'm going to explain what rebalancing is, why investors do it, and explore whether or not there is an optimal time to conduct them.

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The Irrelevant Investor

MARCH 27, 2020

Today's Animal Spirits is brought to you by the Coronavirus Daily Briefing O n today’s show we discuss: The best financial books about the panic Bill McBride's 40-day plan to recover If you sold last week, what do you do now? What if you bought stocks too early? 75% of restaurants could go under without any help Airbnb is in trouble Is the FIRE movement finished?

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The Irrelevant Investor

MARCH 27, 2020

We've seen a wide range of estimates for how the economy will be impacted by the shutdown. The coming slowdown is likely going to be unlike anything we've seen since the Great Depression. It's almost a foregone conclusion at this point that the contraction will be deep, we just have to hope that it will be short. In the past, the stock market has fluctuated way more than the economy, which makes sense considering the economy is run by businesses and the stock market is driven by fear and greed.

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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.

Accounting

The Irrelevant Investor

MARCH 26, 2020

A reader asked me what my favorite books are about financial panics. Before getting into them, it's worth mentioning that books can only do so much. They can't teach you how to invest, they can't help you to control your emotions, and they can't prepare you for how to deal with the unexpected. What they can do is give you a sense of what has happened before so that we might understand what can happen again.

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The Irrelevant Investor

MARCH 26, 2020

So this happened today. [link].And then this happened Stocks rose more than 6% on the same day that unemployment numbers shattered the previous record by an order of magnitude. What, how, why? Barry and I discussed how this could have happened, and what if anything it means going forward. [link] The post Why The Stock Market Rallies on Bad News appeared first on The Irrelevant Investor.

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Brown Advisory

MARCH 26, 2020

Tax Loss Harvesting: Upside To A Down Market ajackson Thu, 03/26/2020 - 14:08 The market's path forward is extremely uncertain right now, but there are still planning steps that investors can implement today to generate positive results down the line. Tax loss harvesting (the process of realizing a loss on the sale of an asset, in order to mitigate taxes on subsequent capital gains) is one of those planning steps.

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Brown Advisory

MARCH 26, 2020

Tax Loss Harvesting: Upside To A Down Market. ajackson. Thu, 03/26/2020 - 14:08. The market's path forward is extremely uncertain right now, but there are still planning steps that investors can implement today to generate positive results down the line. Tax loss harvesting (the process of realizing a loss on the sale of an asset, in order to mitigate taxes on subsequent capital gains) is one of those planning steps.

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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.

Accounting

The Irrelevant Investor

MARCH 25, 2020

O n today’s show we discuss: Why hindsight bias is so dangerous Laffer and Moore's embarrassing op-ed Jobless rate might soar to 30% How Denmark is dealing with the crisis Stock market valuations Damodaran on valuation Dining bonds Massive redemptions in bond funds The bond market and the ETF market The state of the consumer before the panic Listen here: Recommendations: Ted Seides and James Aitken on the guts of the financial system Coronavirus financial relief The Great Depression A Diary The

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The Irrelevant Investor

MARCH 25, 2020

Yesterday was the best day for stocks since 1933. Last Monday was the worst day since Black Monday in 1987. The volatility has been absolutely dizzying. What the hell is going on? Market professionals know this all too well, but the average citizen watching this might think the market is broken. The market is not broken, it is undergoing a paradigm shift.

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The Irrelevant Investor

MARCH 25, 2020

Stocks continue their manic behavior, with the Dow posting its best two-day gain since 1987.* On March 12th, stocks fell 9.5%, which was the worst day since 1987, and put the indices firmly in bear market territory. Over the next seven sessions, the S&P 500 fell another ~12%, making anybody who sold a week earlier feel pretty good about their decision.

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The Irrelevant Investor

MARCH 23, 2020

In a bull market, protecting one's downside gets punished, and after being burned enough times, people tend to lighten up on risk management, or abandon it altogether. This doesn't happen suddenly, it slowly builds over time. In a bull market the more risk you take, the more you're rewarded, and the more you're rewarded, the more you forget about risk.

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Banking

The Irrelevant Investor

MARCH 22, 2020

Articles Investors all over social media are panicking. Because they don’t have a plan. But you do. By Meb Faber Fewer than 200 civilian vehicles were built in the United States from 1942 to 1945. Every assembly line was devoted to war By Morgan Housel We talk about what’s happening, not what isn’t happening By Dan Egan The Treasury market is the foundation of the global economic financial system By Tim Duy We are in a severe recession right now that is unlike any other in recent history By Gav

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Indigo Marketing Agency

MARCH 21, 2020

Many advisors today are struggling to connect with new clients in person. Seminars and networking are out, yet investors have an unprecedented urgency to protect their wealth. That makes it the perfect time to invest in helping people find you online through search engine optimization (SEO). We’ve created our SEO package to help advisors show up higher in search results and get more people to their websites.

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The Irrelevant Investor

MARCH 20, 2020

O n today’s show we discuss: A hub for help during the Coronavirus Danny Meyer's USHG lays off 80% of their total workforce Restaurants will need a miracle Is 20% unemployment coming? Hedge funds are outperforming Why markets are so volatile Postponing tax payments GM shutdown, but they're going to help What happens to advertisers in a recession? Cash is all that matters Sentiment survey Listen here: Charts: Tweets: [link] [link] [link] [link] [link] [link] The post Animal Spirits: Bailout Main

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The Irrelevant Investor

MARCH 18, 2020

Today’s Animal Spirits is brought to you by YCharts. Mention Animal Spirits to receive 20% off (*New YCharts users only) Listen here: On today’s show we discuss: The sudden economic stop Pure Alpha's struggles Restaurant traffic is crashing GMO says it's time to buy Bond ETFs, what the hell is going on? A serious article with one random man's opinion Robinhood maxed out a credit line The NBA was the tipping point What's going to happen to movies?

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Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor

During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.

Financial Advice

The Irrelevant Investor

MARCH 18, 2020

"When is the right time to buy stocks?" I've been getting a lot of emails about this recently, and by a lot, I mean 4 emails, which is 4 more than I've ever gotten. I want you to scroll through some charts of previous bear markets. I've circled the bottoms in red. Looking through this, one thing is crystal clear to me. It doesn't matter when you buy, only that you buy.

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Indigo Marketing Agency

MARCH 18, 2020

For this week’s marketing tip, I answer the age-old question: How often should financial advisors post to social media? How can we know the ideal financial advisor social media post frequency? The short answer is, you should post about 10 times a month, which is what we do at Indigo. If you’re a current client of ours, you don’t have to worry about posting to LinkedIn, Facebook, and Twitter.

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The Irrelevant Investor

MARCH 17, 2020

Stocks have never experienced this level of destruction in such a short amount of time. The question on investor's mind is, where do we go from here? There are two scenarios that can play out. Of course there are a million derivations of each path, but broadly speaking this is what we can expect: The situation worsens in terms of the virus spreading and its effect on the economy.

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The Irrelevant Investor

MARCH 16, 2020

Today’s Animal Spirits Talk Your Book is brought to you by Direxion. For more information please visit their site here. On today’s show we discussed: How leverage works inside of their ETFs All Direxion ETFs Thematic ETFs Leveraged ETF University Listen here: The post Talk Your Book: Positive and Negative Compounding- Trading Direxion Leveraged ETFs appeared first on The Irrelevant Investor.

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Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

Financial Planning

The Irrelevant Investor

MARCH 16, 2020

People are worried about their portfolios and they should be. The declines over the last few weeks in the stock market have been fast and unrelenting. But being concerned about your portfolio at this stage of the game is a luxury. Roughly half of the country doesn't own stock. These people are much more anxious about their job security than the decline in the Dow.

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The Irrelevant Investor

MARCH 15, 2020

Buy low, sell high. Even if you know nothing about investing, you've heard this phrase before. With the S&P 500 20% off its highs, investors have an opportunity to execute on the first half of that statement. As stocks decline, they become more dangerous in the short-run but more attractive over the long-run. In order to show this, I made* a table below that shows the average returns over different time periods based on how far stocks are from their high.

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The Irrelevant Investor

MARCH 14, 2020

Articles Forget about what the stock market is going to do. Instead, focus on what you, as an investor, ought to do. By Jason Zweig Booms make people complacent, assets expensive, and businesses fragile By Morgan Housel Emotions have everything to do with market analysis By Dave Nadig Prudent measures to stop the spread of the virus in an effort to protect more vulnerable community members will substantially reduce economic growth.

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