The Irrelevant Investor

MARCH 13, 2020

The desire to feel safe when danger is lurking is a primal instinct. We feel it in the streets, we feel it in nature, and we sure as hell feel it in the stock market. Everyone has a breaking point, and it's only in times of distress that we learn where that point is. The psychology of a bear market goes something like this. Everybody's tolerance for pain is different, but for the purposes of this mental exercise let's assume your breaking point is a 40% decline.

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Indigo Marketing Agency

MARCH 12, 2020

Last week, I shared this free template to communicate with your clients about the coronavirus and market volatility. But this week, the roller coaster ride continues. In light of today’s market chaos, I recommend staying in front of your clients to educate them and address their fears. If you’re a current client of ours, simply email us now and we’ll prepare a blog post to go out on your behalf.

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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 12, 2020

On today’s show we discuss: Creating an overreaction plan Everything you need to know about a recession 12 charts for the recession Is the stock market going to close? Recessions are normal, but they're not healthy 20% is an important psychological number Listen here: Contact us at animalspiritspod@gmail.com with any feedback, recommendations, or questions.

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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.

Accounting

Indigo Marketing Agency

MARCH 12, 2020

My book, The Marketing Guide for Financial Advisors , hit the shelves on November 8, 2019, and I’m excited to share with you a recent review from FANews—the e-newsletter published by Financial Advisor. For a limited time, you can save 20% on your paperback copy of The Marketing Guide For Financial Advisors on Amazon (on sale for just $15.99). As many of you may know, Financial Advisor is the go-to company for industry-leading financial services advice.

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The Irrelevant Investor

MARCH 11, 2020

With giant market swings every day, it's easy to allow our emotions to get the best of us. On the big down days it feels like stocks will keep going lower, and on big up days we pray that this is the bottom, at least temporarily. Yesterday was the third +4% day in the last seven sessions, which has only happened one other time, in 2008 (going back to 1970).

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The Irrelevant Investor

MARCH 10, 2020

The best way to learn about anything new is with a story. One of my favorite ways to communicate how the stock market works to younger investors comes from this one in William Bernstein's Four Pillars of Investing: A superb metaphor for the long-term/short-term dichotomy in stock returns comes from Ralph Wanger, the witty and incisive principal of the Acorn Funds.

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The Irrelevant Investor

MARCH 9, 2020

Ben and I spoke about The Founder, the story of Ray Kroc and the McDonald brothers. Listen here: Trailer here [link] Books mentioned: The Fifties Contact us at animalspiritspod@gmail.com with any feedback, recommendations, or questions. Follow us on Facebook , Instagram , and YouTube. Check out our t-shirts, stickers, coffee mugs, and other swag here.

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The Irrelevant Investor

MARCH 9, 2020

Not to minimize the decline, but a 60/40 portfolio is down just over 5% year-to-date Not to minimize the decline, but the S&P 500 is still up 200% over the last ten years Not to minimize the decline, but stocks are trading at the same place they were last August Not to minimize the decline, but the average intra-year drawdown is 15.8% , this morning we hit 18.9% Not to minimize the decline, but the S&P 500 declined 4% or more in a single session 44 times since 1950 Not to minimize the de

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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 9, 2020

Bear markets are nothing new, but what makes this current edition especially painful is the speed at which its taken place. The chart below shows all declines of 20% or more from the all time high going back to 1915. The average number of days from peak to bear market territory is 255, the median is 156. The Dow is currently 19% off its high in 17 sessions, so assuming it falls another 1% over the next few days, this would make it by far the fastest all-time high to bear market ever.

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The Irrelevant Investor

MARCH 8, 2020

Non Correlated Versus Negatively Correlated We (re)learned a few things about risk assets over the past few weeks. One of the most important takeaways from the recent correction is that treasury bonds are the best place to hide during a dislocation in the stock market. When the S&P 500 peaked on February 19, 30-year bonds were yielding a paltry 2%.

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The Irrelevant Investor

MARCH 12, 2020

Our world changed last night. We learned that all flights to and from Europe are going to be cancelled for the next 30 days. We learned that the NBA is going to suspend its season. And we learned that Tom Hanks and Rita Wilson contracted the Coronavirus. It's impossible to deny the seriousness of what we're dealing with. For the first time in a long time, the world is blanketed in fear.

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The Irrelevant Investor

MARCH 7, 2020

Monday The S&P 500 gained 4.6% on its strongest day since December 2018, and the 27th strongest day since 1950. It seemed fair to say that this was little more than a normal snap back that we see after extremely oversold conditions. Statistics don't make for good headlines because people understand stories better than probabilities. " The stock market was up big on Monday because we defeated socialism.

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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 7, 2020

Articles That means it fell by 75%, then another 75%, then another 75%, and then another 75%. And then another 90%. By Drew Dickson Across business, science, and finance, power is concentrated among the elderly. By Derek Thompson It’s comforting to have strong opinions even if you have no idea what you’re talking about By Morgan Housel We crave predictability and control when it comes to our money but the stock market provides neither By Ben Carlson Running a small business means always operati

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