Abnormal Returns
JULY 14, 2024
Top clicks this week How the rise of automated investing has changed the stock market. (awealthofcommonsense.com) Why Bill Ackman spends so much time on Twitter. (sherwood.news) The CAPM doesn't work. Maybe this measure does. (klementoninvesting.substack.com) Why young men around the world are breaking hard to the right. (politico.com) Today's constructive CPI report rang a bell for financial markets.
Nerd's Eye View
JULY 19, 2024
Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that Charles Schwab and other brokerage platforms are planning to increase the interest rates they pay on client cash held in their platform or cash sweep programs, which could boost the income of clients who maintain a cash balance in their accounts.
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Carson Wealth
JULY 18, 2024
Carson Investment Research 2024 Midyear Outlook: Eyes on the Prize The economy continues to see a solid rate of expansion with low risk of a recession. We are targeting a total return for the S&P 500 of 17-20% in 2024. The Bloomberg US Aggregate Bond Index outperforms short-term Treasuries in the second half of the year. Here we sit at midyear, and many investors should be feeling pretty good.
A Wealth of Common Sense
JULY 14, 2024
Here’s a scenario I was presented with recently: Five years ago, a relatively conservative investor was sitting on some cash and seeking a more balanced portfolio. To keep things simple, this investor split the difference between stocks and bonds by allocating 50% to equities and 50% to fixed income. Five years later there is a clear winner in terms of performance within this 50/50 portfolio: You basically doubled.
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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.
Abnormal Returns
JULY 16, 2024
Rates Widening deficits don't seem to be putting a crimp on Treasury funding. (wsj.com) What an inverted yield curve (still) says about the odds of a recession. (econbrowser.com) Real estate Striking out on your own these days is expensive. (housingwire.com) Evictions are on the rise in a lot of localities. (wsj.com) Economy National homebuilder confidence is soft.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Alpha Architect
JULY 19, 2024
The amortization of volatility should be of concern for private capital asset classes. In order to properly budget for beta risks, it is critical that investors in private assets understand the amount of systemic (beta) risk that will “wash” into their private portfolios. The Impact of Amortizing Volatility across Private Investments was originally published at Alpha Architect.
Wealth Management
JULY 19, 2024
The outage began early Friday morning with a software update from the cybersecurity provider Crowdstrike as the likely culprit. Schwab posted on its website a message warning users of potential issues.
Abnormal Returns
JULY 16, 2024
Managed futures Why managed futures stand out among hedge fund strategies. (mrzepczynski.blogspot.com) Comparing the correlation benefits of managed futures vs. market-neutral multi-factor investing. (insights.finominal.com) Michael and Ben talk with Eric Crittenden of Standpoint Funds. (awealthofcommonsense.com) Research What role do commodities play in a portfolio?
Nerd's Eye View
JULY 16, 2024
Welcome everyone! Welcome to the 394th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Christi Van Rite. Christi is the Founder of White River Consultants, a firm that provides administrative family office services to 17 ultra-high-net-worth households, and is on track to generate nearly $1.5M in revenue this year from its specialized services.
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
A Wealth of Common Sense
JULY 16, 2024
There aren’t all that many millionaires in the world. People with wealth in excess of $1 million make up just 1.5% of the world’s population. Yet this group controls nearly half of the world’s wealth (around $214 trillion in total). There are even fewer billionaires — a little less than 2,700 worldwide or a number that rounds down to 0% of the global population.
Wealth Management
JULY 16, 2024
Some 64% of advisory firms have no plans to develop or use client-facing artificial intelligence, yet 46% said it was a chief compliance concern, according to the ACA Group's latest survey.
Abnormal Returns
JULY 13, 2024
Autos Need a used car? Think EV. (msn.com) Rivian ($RIVN) is the anti-Tesla ($TSLA). (bloomberg.com) What it's like to drive a Tesla ($TSLA) Cybertruck around for a day. (sfgate.com) Energy Wind now generates more power than coal in the U.S. (sherwood.news) Energy costs are the key decision for Century Aluminum ($CENX) to build a new smelter in the U.S.
Calculated Risk
JULY 17, 2024
From the Fed: Industrial Production and Capacity Utilization Industrial production rose 0.6 percent in June after advancing 0.9 percent in May. For the second quarter as a whole, industrial production increased at an annual rate of 4.3 percent. Manufacturing output moved up 0.4 percent in June and rose 3.4 percent (annual rate) in the second quarter.
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
A Wealth of Common Sense
JULY 18, 2024
A reader asks: As someone that spends too much time thinking about buying a lake house, I would love to hear your thoughts. The argument that you will feel tied down and obligated to go to the lake house at the expense of other travel worries me. A few weeks ago I wrote about my all-time high in savings and why it was a mistake. Here’s something I shared: But I no longer feel it’s necessary to go over and abov.
Wealth Management
JULY 16, 2024
BlackRock’s plans to leverage its recent acquisition of Preqin to build private market ETFs have drawn skeptics, reports the Financial Times. Fortune profiled nine executives in the burgeoning private credit arena. These are among the investment must reads we found this week for wealth advisors.
Abnormal Returns
JULY 17, 2024
Strategy Rebalance your portfolio to tame risk, not to increase returns. (morningstar.com) It's never been easier to get distracted by other people's wealth. (awealthofcommonsense.com) Finance The commercial real estate mess is well under way. (wsj.com) How Charles Schwab ($SCHW) is changing its banking business. (riabiz.com) Apple Taboola is going to sell ads for Apple ($AAPL).
Advisor Perspectives
JULY 18, 2024
The Conference Board Leading Economic Index (LEI) decreased in June to its lowest level since April 2020. The index fell 0.2% from the previous month to 101.1, its smallest monthly decline in the past four months.
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.
A Wealth of Common Sense
JULY 19, 2024
The Fed will likely begin cutting interest rates in the months ahead, for good reason. Last week felt like a victory against high inflation: We’ve now had no price increases on the overall inflation rate for two months.1 Some pundits still aren’t so sure it’s time to take a victory lap just yet. What about the 1970s? There was a spike in inflation at the outset of the decade, it fell, then re-accelerate.
Wealth Management
JULY 15, 2024
InterVal's Trevor Greenway explains how advisors can solve the challenge of determining the value of small- and medium-sized business when creating a financial plan for owners.
Abnormal Returns
JULY 18, 2024
Markets A great visualization of how calm the U.S. stock had been up until this week. (sherwood.news) Legalized gambling is illegal in India, but online stock trading is not. (on.ft.com) Finance Private equity is sitting on record dry powder. (institutionalinvestor.com) No one really knows where that capital is headed. (ft.com) Private credit has plenty of capital to put to work as well.
Advisor Perspectives
JULY 16, 2024
In short, your prospect isn’t looking for a relationship, they’re looking for someone to solve their problem. As a result, trying to build a relationship pre-sale invites the two-pronged consequence of having them doubt your motives and then reject your plan.
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.
Calculated Risk
JULY 18, 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 June, Realtor.com reported inventory was up 36.7% YoY, but still down 32.4% compared to April 2017 to 2019 levels. Now - on a weekly basis - inventory is up 35.8% YoY. Realtor.com has monthly and weekly data on the existing home market.
Wealth Management
JULY 17, 2024
With a massive transfer of money to younger generations looming, a new report says the financial services industry needs to change how it connects with Gen Z and millennials.
Abnormal Returns
JULY 19, 2024
Markets How climate change could strand trillions in investments. (bloomberg.com) Why the stock-bond correlation matters. (mrzepczynski.blogspot.com) Companies Crowdstrike ($CRWD) has some explaining to do as the world's computers go down. (theverge.com) Google ($GOOGL) just keeps getting worse. (om.co) Have we already passed peak AI hype? (bigtechnology.com) Media Netflix ($NFLX) is unique in its ability to turn old shows into hits.
Advisor Perspectives
JULY 17, 2024
The myth of work-life balance has perpetuated unrealistic expectations and unnecessary stress. By recognizing the fluidity of life and embracing a more flexible approach, you can find greater fulfillment and mental well-being.
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!
Calculated Risk
JULY 19, 2024
Today, in the Calculated Risk Real Estate Newsletter: Lawler: Early Read on Existing Home Sales in June A brief excerpt: From housing economist Tom Lawler: Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 3.93 million in June , down 4.4% from May’s preliminary pace and down 4.4% from last June’s seasonally adjusted pac
Wealth Management
JULY 17, 2024
When Martine Lellis woke up from a coma doctors didn’t think she’d come out of, she was given a new lease on life, and it has fueled her passion for making bold, compassionate choices in the financial services industry.
Abnormal Returns
JULY 15, 2024
Markets When it comes to markets, speed isn't always better. (forkingpaths.co) Europe's luxury good stocks have had a good decade. (sherwood.news) Asset management Asset managers are seeing falling profitability. (institutionalinvestor.com) Goldman Sachs' ($GS) asset and wealth management division saw a boost in revenue. (cnbc.com) Funds The outskirts of the ETF industry are growing and getting weirder.
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