The Irrelevant Investor
MAY 29, 2019
A listener asks: I mostly hold individual stocks, index funds, and ETFs. But I have also been contributing to a Permanent Life Insurance policy.I'm thinking about canceling this policy because I don't have any dependents and I know the market will out perform this policy over time. I'm paying $100 a month, at this rate I would contribute roughly $50,000 over 40 years.
Mauldin Economics
MAY 13, 2019
By Robert Ross We’ve recently got some bad news about Social Security. A new report says the program will cost more than it takes in by 2020. By 2035, its back-up trust fund will also run dry. This makes sense: America is greying. We’re having fewer children, living longer, and wages are growing at a slower pace. That means there are fewer workers, those workers are making less money, and they’re supporting more retirees.
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Brown Advisory
MAY 9, 2019
TEDxWilmington | The Capital You Don’t Find on the Balance Sheet ajackson Thu, 05/09/2019 - 07:33 Speaker: Lisa Cuesta Lisa Cuesta describes what entrepreneurs are seeking from investors - and it's not just money. Financial capital is a given with investors. Entrepreneurs are looking for investors with connected capital, or what money can’t buy. More specifically, "connected capital" provides relevant people and networks that can drive new business and increase entrepreneurs’ chances of success.
SEI
MAY 30, 2019
Recognized for dynamic video displayed in Times Square.
Speaker: Erroll Amacker
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
The Irrelevant Investor
MAY 28, 2019
After doing a financial plan with Bill, and after reading Ramit's book, I thought it would be appropriate to figure out where our dollars are going every month. The first step was looking at our after-tax income. This is what actually hits our bank account, so net of retirement contributions. Fixed costs are the last items that I would want to cut in case of an emergency.
The Irrelevant Investor
MAY 28, 2019
Mention Animal Spirits to receive 20% off (*New YCharts users only) Stories Tesla has only a year’s worth of cash left if its current burn rate doesn’t change The podcast ecosystem I did a financial plan Should you charge your adult child rent? Watch your fixed costs Do not check your portfolio "The stock market would be much lower without buybacks" How share issuance affected the Chines stock market Listen here Recommendations Loonshots An economist walks into a brothel Charts The post Anima
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
The Irrelevant Investor
MAY 25, 2019
Articles The danger of such a signal was that we had discovered it by accident By Corey Hoffstein One component of return swamped all others in predicting returns: whether the total supply of shares was contracting or expanding. By Jason Zweig Paying too much attention costs more than just your time By Daniel Egan If you don’t know what you are, how can you possibly know how you ought to conduct yourself in the markets?
The Irrelevant Investor
MAY 23, 2019
I have never had a financial plan built for me, which is somewhat embarrassing, even hypocritical. I have said numerous times that investing has to be tied to your goals, so I suppose it's fair to say I was paying lip service to this idea. So why didn't I practice what I was preaching? I guess the way I rationalized not having a plan was that I wanted to wait until I settled into my house, literally and figuratively.
The Irrelevant Investor
MAY 22, 2019
Mention Animal Spirits to receive 20% off (*New YCharts users only) Stories Discussed Best graduation ever Personal finance at Harvard University Goldman acquired United Capital WeWork urges investors to see losses as investments All the jobs Ben didn't get First negative-fee ETF Credit card delinquencies Dead-cat bounce Spending>Saving Worst survey of the week A $15 million white canvas Make a lot of money and don't have kids.
The Irrelevant Investor
MAY 20, 2019
Learning only happens when you build your own curriculum. Josh and I were lucky enough to see Nick Murray speak to a group of financial advisors last week. He shared some incredibly insightful ideas that he's learned over his fifty years in the business, but what really got people to pull out their phone and take notes was when he was talking about books that influenced him.
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The Irrelevant Investor
MAY 19, 2019
Today’s Animal Spirits: Talk Your Book is presented by WisdomTree We talk with Jeremy Schwartz about dividend growth strategies, currency hedging, and the ETF that got its start on Twitter Listen here Links Mentioned Jeremy Schwartz's magnum opus on currency exposure Stocks That Rival Buffett’s Basket of Companies WisdomTree Index Tool The Dwindling Taxable Share of U.S.
The Irrelevant Investor
MAY 18, 2019
Articles The fastest way to break your finances is to marry someone with wildly different spending expectations. By Morgan Housel It’s really not healthy to have all your chips in one container with anyone. By Doug Boneparth Money spent travelling to see friends or relatives are sound investments in happiness By Anthony Isola Americans lose five times more money gambling each year than what they spend on Amazon Prime and Netflix combined.
The Irrelevant Investor
MAY 14, 2019
Mention Animal Spirits to receive 20% off (*New YCharts users only) Stories Discussed People are contributing to their retirement account Here's how Uber loses so much money Is Facebook a monopoly? Spend shaming is the cool thing now 300 times as many billionaires Schwab investor survey Listen here Recommendations Trade-off Measure What Matters Where the Crawdads Sing Charts The post Animal Spirits: Michael’s Fitness Pal appeared first on The Irrelevant Investor.
The Irrelevant Investor
MAY 13, 2019
[link] Tuning out the noise isn't bad advice, but it isn't very helpful either. 2019 is a cacophony of noise from the time we wake up at 4 A.M. until the time we're back in bed and scrolling through Twitter one last time. On days like today, what I find helpful is to ask myself a few questions: Why am I investing? What is this all for? That's it. This is all that's important.
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The Irrelevant Investor
MAY 12, 2019
Articles As value went from pariah to crowd-pleaser, its returns went cold. By Jason Zweig You want to know why James gets so many whistles? Because he gets fouled a lot. By P.J. Tucker Ask a doctor how to avoid getting cancer and they might say.Then ask them how we can avoid the next recession By Morgan Housel How would you be able to differentiate between the 10% declines and the 20% declines beforehand ?
The Irrelevant Investor
MAY 12, 2019
What do you know now that you wish you knew twenty years ago? I guess if I was asked to give a real answer to this question, I would say, I wish I knew that having a good education improves the odds of having a good career. I know this sounds stupid, but hang with me and I'll circle back to this shortly. During my freshman year, I racked up a total GPA of less than 2.
The Irrelevant Investor
MAY 10, 2019
I wasn't surprised to learn that 350,000 people have at least $1 million saved in a retirement account. I was surprised to learn that there are 350,000 retirement accounts at Fidelity alone. We spend a lot of time talking about how many people are woefully prepared for the financial realities of retirement, so it's nice to see a report that actually looks pretty darn okay.
The Irrelevant Investor
MAY 9, 2019
I recently sat down with Julian Guthrie , New York Times bestselling author, to talk about her new book, Alpha Girls: The Women Upstarts Who Took On Silicon Valley's Male Culture and Made the Deals of a Lifetime. This book profiles four women who helped shape Silicon Valley as we know it today. Magdalena Yesil, for example, wrote the first check to Marc Benioff, founder, chairman, and CEO of Salesforce, the $118 billion behemoth.
Speaker: Aaron Berson
Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g
Brown Advisory
MAY 9, 2019
TEDxWilmington | Seeing Beauty to Save Our Global Garden. ajackson. Thu, 05/09/2019 - 07:33. Speaker: Paul B. Redman. Everybody needs beauty, especially now when we humans decide what parts of nature to keep and what parts to destroy. Once we learn to see – and feel – the beauty that surrounds us we’ll better understand what’s worth saving and why. Paul B.
Brown Advisory
MAY 9, 2019
TEDxWilmington | The Capital You Don’t Find on the Balance Sheet. ajackson. Thu, 05/09/2019 - 07:33. Speaker: Lisa Cuesta. Lisa Cuesta describes what entrepreneurs are seeking from investors - and it's not just money. Financial capital is a given with investors. Entrepreneurs are looking for investors with connected capital, or what money can’t buy.
The Irrelevant Investor
MAY 8, 2019
One of the hardest things to overcome is our natural tendency to over-extrapolate what happened recently out into the future. I catch myself doing this all the time while watching basketball games. I can't help it, whichever team goes on an 8-0 run is the team that I think is going to win the game series. It's hard to imagine a different world than the one that currently exists, it's harder to predict when changes will happen, and it's even harder to know what the changes will look like.
The Irrelevant Investor
MAY 7, 2019
Mention Animal Spirits to receive 20% off (*New YCharts users only) Stories Discussed Dinner with Charlie Munger WeWorks cash burn is remarkable This will not age well The guy who is breaking Jeopardy! The haves and have nots Are college students hungry? (survey) Fund fees are still coming down Credit card rewards Instagram is the new mall Cannot wait to read the Fyre Festival memoir Listen here Recommendations Chasing Phil The Big Change: America Transforms Itself: 1900-1950 Jackie Mac and Bi
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.
The Irrelevant Investor
MAY 6, 2019
James Holzhauer is rewriting the rules of the game. In just 15 shows, with $1.1 million earned, he is already the second biggest winner in the history of the Jeopardy! Holzhauer recently spoke to The New York Times and explained how he thinks about his strategy Would you describe the traditional way of playing “Jeopardy!” as overly risk-averse? I would definitely say it’s too risk-averse.
The Irrelevant Investor
MAY 4, 2019
Articles It’s not the errors that I do see that bother me. It’s the errors that I don’t see. By Nick Maggiulli What we should be doing is setting up a garden and investment portfolio that can maximize yields and minimize risk so that we are not in a feast or famine situation By Ramp Capital Can we use the business cycle to time factor exposures By Corey Hoffstein Growth masks a lot of management deficiencies.
Brown Advisory
MAY 2, 2019
"Bold New World": Austin Conference Recap. eberkwits. Thu, 05/02/2019 - 08:16. In April, we presented our “Bold New World” conference in Austin. Our goal was to convene experts and leaders from across our economy, and examine some of the quantum innovations in technology and deep cultural transformations that are impacting our world. We were fortunate to have an incredible slate of panelists and speakers—our thanks go out to all of them for an energizing and insightful series of sessions.
The Irrelevant Investor
MAY 1, 2019
In 2011 when Bank of America was trading at less than $5 a share, my friend told me he was thinking about buying the stock. My reply was something along the lines of "good luck with that." I don't really remember the conversation, but he remembers very clearly me convincing him not to buy the stock. I hadn't thought about it until a few years later when he said "remember when you told me not to buy Bank of America?
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.
SEI
MAY 16, 2019
Recognized for our 50th anniversary global campaign
The Irrelevant Investor
MAY 5, 2019
On our first episode of Re-Kindled, Ben and I take a look back at The Big Short, which Ben calls the best book ever written on finance. Listen here Quotes from the book “Six months after Liar’s Poker was published, I was knee-deep in letters from students at Ohio State University who wanted to know if I had any other secrets to share about Wall Street.
The Irrelevant Investor
MAY 31, 2019
I always assumed that a flat long-term moving average was more bearish than bullish. I thought that a trendless market occurs when a bull market fizzles out, right before the bear arrives. This is not the case. Nick Maggiulli created this amazing GIF which shows the distribution of forward returns when the slope of S&P 500's 200-day moving average is flat, higher, or lower.
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