Abnormal Returns

OCTOBER 29, 2024

History You can't tell the story of indexing without the late John “Mac” McQuown. (on.ft.com) Mutual funds have been around for a 100 years now. (fhmagazine.org) Joachim Klement, "In economics, finance, politics, and most social sciences we create models with an error term and then conveniently ignore the error term as ‘noise.’ (klementoninvesting.substack.com) Global Increased globalization helps explain rising correlations.

Economics 284

Economics Portfolio Marketing Marketing 284

Nerd's Eye View

OCTOBER 30, 2024

As fiduciaries, financial advisors are required to disclose any conflicts of interest that exist between themselves and their current and potential clients. The conflicts themselves can range from compensation models that impact how much money an advisor might earn as the result of a recommendation (such as specific product recommendations for advisors compensated on commission and 401(k) plan rollover recommendations for AUM-based advisors) to less direct conflicts such as 'soft dollar' benefit

Advertising 211

Advertising Commission Marketing Marketing 211

The Big Picture

NOVEMBER 1, 2024

This week, we speak with Annie Lamont, Co-Founder and Managing Partner of Oak HC/FT. Prior to founding Oak HC/FT in 2014, Annie spent 28 years at Oak Investment Partners, where she served as a Managing Partner and led the healthcare and fintech practices. Annie has been named to Forbes’ Midas List as well as Fortune’s Top 20 Private Equity Power Players and Modern Healthcare’s 100 Most Influential People.

Management 176

Management Healthcare Investments Investing 176

A Wealth of Common Sense

NOVEMBER 1, 2024

Paul Tudor Jones made some waves last week on a CNBC interview: He’s worried government spending and deficit levels are going to lead to a crisis: “The question is after this election will we have a Minsky moment here in the United States and U.S. debt markets?” Jones said, referring to shorthand for a dramatic decline in asset prices. “Will we have a Minsky moment where all of a sudden there&#821.

Financial Advice 138

Financial Advice Management Government Assets 138

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Planning

Abnormal Returns

OCTOBER 27, 2024

Markets Jeff Somer, "Hedging and prediction markets are certainly worth knowing about, but for financial well-being, I believe that straightforward strategies are superior for most of us — as long as the great U.S. experiment endures." (nytimes.com) On the danger of forecasting decade-long returns. (tker.co) The problem with broad emerging market indices.

Financial Advising 288

Financial Advising Economics Media Taxes 288

The Big Picture

OCTOBER 26, 2024

The weekend is here! Pour yourself a mug of Danish Blend coffee, grab a seat outside, and get ready for our longer-form weekend reads: • Savers Bid a Sad Farewell to Higher Yields : Interest rates on CDs and savings accounts are down and expected to keep falling. A mourning period is under way for the all too brief era of 5% yields. ( Wall Street Journal ) • Goldman Sachs cautions that predicting the next decade of returns is hard : The strategists forecast lackluster returns, but they definite

Education 167

Education Manufacturing Government Accounting 167

Alpha Architect

NOVEMBER 1, 2024

The authors of the research discussed developed a machine learning model that can accurately predict trading volume for individual stocks. They then demonstrated how this model can be used to construct a portfolio that outperforms a traditional market-cap weighted portfolio. Using Trading Volume to Optimize Portfolio Construction and Implementation was originally published at Alpha Architect.

Portfolio 132

Portfolio Marketing Marketing 132

Abnormal Returns

OCTOBER 30, 2024

Podcasts Peter Lazaroff talks with Sara Gelsheimer, Senior Wealth Manager at Plancorp, about the importance of both spouses being involved in their household’s financial decisions (peterlazaroff.com) Carl Richards talks with Jerry Colonna about the 'emotional landscape of money.' (50fires.com) Khe Hy talks 'career earthquakes' with Paul Millerd. (youtube.com) Christine Benz and Amy Arnott talk with Phil Moeller author of "Get What’s Yours for Medicare.

Retirement 272

Retirement Wealth Management Planning Management 272

Nerd's Eye View

NOVEMBER 1, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that SIFMA, which represents broker-dealers, investment banks, and asset managers, released a white paper that argues that CFP Board "increasingly functions as a de facto private regulator for CFP certificants" and proposes that CFP Board eliminate rules and standards that duplicate, conflict with, and/or impose in addition to existing SEC and/or FINRA rules and standards.

Financial Planner 200

Financial Planner CFP Certification Retirement Planning 200

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

Numbers

The Big Picture

OCTOBER 30, 2024

At the Money: Getting More Out of Dividends with Shareholder Yield. Meb Faber, Cambria Investments (October 30, 2024) Dividend investing has a long and storied history, but it turns out dividends are only part of the picture driving stock returns. One alternative is shareholder yield, which includes not only dividends, but also share buybacks and debt paydowns as indicators of future gains.

Valuation 144

Valuation Investments Investing Numbers 144

Trade Brains

OCTOBER 27, 2024

Several companies in the wastewater management sector are actively planning for capital expenditure to improve their operational capabilities. These companies aim to invest in infrastructure projects that focus on sewage treatment and water supply systems. VA Tech Wabag Ltd Va Tech Wabag Ltd, based in Chennai, specializes in water treatment solutions, including the design and management of water and wastewater plants.

Management 141

Management Planning Compliance Investments 141

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.

Transportation 265

Transportation Engineering Media Economics 265

Calculated Risk

NOVEMBER 1, 2024

From the BLS: Employment Situation Total nonfarm payroll employment was essentially unchanged in October (+12,000), and the unemployment rate was unchanged at 4.1 percent , the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in health care and government. Temporary help services lost jobs. Employment declined in manufacturing due to strike activity.

Manufacturing 118

Manufacturing Government 118

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Banking

The Big Picture

OCTOBER 28, 2024

The transcript from this week’s, MiB: Toto Wolff, Mercedes-AMG PETRONAS F1 Team , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ 00:00:02 [Speaker Changed] Bloomberg Audio Studios, podcasts, radio News. 00:00:09 [Speaker Changed] This is Masters in business with Barry Riol on Bloomberg Radio. 00:00:15 [Speaker Changed] W

Engineering 144

Engineering Numbers Investments Investing 144

Wealth Management

OCTOBER 29, 2024

Asset managers have been aggressive in rolling out AI-themed ETFs in 2024, reports Reuters. Morningstar implemented its previously announced rating methodology change, affecting 15% of rated funds. These are among the investment must reads we found this week for wealth advisors.

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Wealth Advisor Investments Investing Assets 116

Abnormal Returns

OCTOBER 27, 2024

Top clicks this week Why we diversify. (awealthofcommonsense.com) We have entered an era where the economy is good, but everyone thinks it sucks. (awealthofcommonsense.com) Howard Marks thinks nearly every investor should look at private debt. (on.ft.com) Google's ($GOOGL) big businesses are in a slow, decline. (wheresyoured.at) Now is not a horrible time to rebalance your portfolio.

Media 284

Media Portfolio Economy Management 284

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.

Retirement 108

Retirement Accounting Investments Investing 108

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 Big Picture

OCTOBER 28, 2024

My back-to-work morning train WFH reads: • The True Tax Benefit of IRAs and 401(k)s : How they stack up against taxable accounts. ( Morningstar ) • Once You Try a Four-Day Workweek, It’s Hard to Go Back : A six-month trial in Germany showed many promising signs. But there were disappointments, too. ( Businessweek ) • America’s Newest Hit Candy Is Gummy, Crunchy and Printing Money : Nerds Gummy Clusters are everywhere this Halloween.

Media 144

Media Accounting Taxes Marketing 144

Wealth Management

OCTOBER 28, 2024

A series of market-moving events are coming in rapid succession, including next week's presidential election and the Fed's first meeting since it lowered interest rates in September.

Marketing 115

Marketing Marketing 115

Abnormal Returns

OCTOBER 30, 2024

Rates Why rates are bucking the Fed. (sherwood.news) What's behind weakness in the long end of the curve? (apolloacademy.com) Finance Charles Schwab ($SCHW) is expanding 24-hour trading. (barrons.com) The crypto industry is licking its chops for the prospects over the next four years. (theatlantic.com) Companies Does Arm Holdings ($ARMH) have an AI future?

Financial Advising 265

Financial Advising Valuation Media Economy 265

Trade Brains

OCTOBER 28, 2024

BRICS is a coalition of five major emerging economies: Brazil, Russia, India, China, and South Africa. Formed in 2009, BRICS aims to enhance cooperation among its members in various sectors, including trade, investment, and development. This group represents a significant portion of the world’s population and GDP. By working together, BRICS countries seek to promote sustainable development and reform global financial systems.

Economics 110

Economics Economy Government Investments 110

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

Calculated Risk

NOVEMBER 1, 2024

The headline jobs number in the October employment report was below expectations, and August and September payrolls were revised down by 112,000 combined. The participation rate and the employment population ratio declined, and the unemployment rate was unchanged at 4.1%. Earlier: October Employment Report: 12 thousand Jobs, 4.1% Unemployment Rate Seasonal Retail Hiring Typically, retail companies start hiring for the holiday season in October, and really increase hiring in November.

Retail 101

Retail Numbers Economics Sales 101

Wealth Management

OCTOBER 29, 2024

Ninety-two percent of firms surveyed by the ACA Group and National Society of Compliance Professionals have no policies in place for AI use by third parties and service providers.

Compliance 111

Compliance 111

Abnormal Returns

OCTOBER 28, 2024

Trading All-day equity trading takes another step. (cnbc.com) But don't expect a ton of liquidity. (sherwood.news) Robinhood ($HOOD) is jumping into the prediction markets. (theblock.co) HFT firms want speed, at any cost. (on.ft.com) Fund management Franklin Templeton's ($BEN) Western Asset Management unit has missed out on the bond market rally. (on.ft.com) Vanguard is closing its legacy mutual fund platform.

Financial Advising 271

Financial Advising Economy Media Management 271

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.

Wealth Management 104

Wealth Management Investments Investing Investment Advisor 104

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!

Management

Advisor Perspectives

OCTOBER 31, 2024

Home prices continued to trend upwards in August as the benchmark 20-city index rose for a nineteenth consecutive month to a new all-time high. The S&P Case-Shiller Home Price Index revealed seasonally adjusted home prices for the 20-city index saw a 0.4% increase month-over-month (MoM) and a 5.2% increase year-over-year (YoY). After adjusting for inflation, the MoM was reduced to -0.1% and the YoY was -0.2%.

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Wealth Management

OCTOBER 30, 2024

On his first earnings call, newly appointed chief executive Rich Steinmeier gave no new details on the recent leadership change but struck a forward-looking tone. He added that the firm’s success is not dependent on advisors’ relationship with the CEO but rather the LPL employees they work with day-to-day.

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Abnormal Returns

OCTOBER 28, 2024

Podcasts Ryan Detrick and Sonu Varghese talk with Josh Brown about the secrets of success in finance AND media. (podcasts.apple.com) Brett McKay talks with Daniel Crosby author of "The Soul of Wealth: 50 Reflections on Money and Meaning." (artofmanliness.com) Ben Carlson talks about the state of the retirement savings market with Shawn O'Brien, Director of Retirement at Cerulli Associates.

Risk Tolerance 271

Risk Tolerance Retirement Financial Planning Consulting 271