The Big Picture

OCTOBER 2, 2023

We all love to use quotations in our arguments. It’s both an appeal to higher authority as well as social proof ( Hey! I’m not the only one who believes this stuff ). I find it useful occasionally to go back to first principles and reconsider the sources that have influenced my thinmking. Along those lines, here are in chronological order, the thinkers who have helped shape how I view the world view, including how I philosophically think about the economy, markets, and investing.

Investing 345

Investing Investments Economy Portfolio 345

Abnormal Returns

OCTOBER 1, 2023

Also on the site Netflix's DVD-by-mail business is winding up. (abnormalreturns.com) Top clicks this week Individual investors win by not competing with professionals. (awealthofcommonsense.com) Why it is so hard to be a truly long term investor. (behaviouralinvestment.com) How long is too long when it comes to your bond allocation? (humbledollar.com) 5%+ T-bill yields are a welcome relief, but don't overdo it.

Assets 287

Assets Portfolio Marketing Marketing 287

Nerd's Eye View

OCTOBER 6, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that a recent survey found that clients across several countries who work with a CFP professional have better outcomes on a range of measures compared to those working with other advisors or no advisor at all, suggesting that the potential benefits of gaining CFP certification can accrue not only to the advisor themselves, but also to their clients.

Financial Planner 246

Financial Planner CFP Certification Communication 246

The Reformed Broker

SEPTEMBER 30, 2023

Hey everyone, thanks for checking out the best stuff we did this week… And if you haven’t subscribed yet, don’t wait. Check it out below or wherever fine podcasts are played. These are the most read posts on the site this week, in case you missed it: . The post This Week on TRB appeared first on The Reformed Broker.

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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

The Big Picture

OCTOBER 4, 2023

Source: Visual Capitalist Batnick also takes a swing at this: What’s the Stock Market Worth? The post $109 Trillion Global Stock Market appeared first on The Big Picture.

Marketing 332

Marketing Marketing Investing Investments 332

Nerd's Eye View

OCTOBER 3, 2023

Welcome back to the 353rd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Brett Danko. Brett is the Founder of Brett Danko Educational Center, a CFP Board Education and Exam Prep provider, and the CEO and Managing Partner for Main Street Financial Solutions, an independent RIA based in Newtown, Pennsylvania, that oversees almost $2 billion in assets under management for nearly 1,700 client households.

Certified Financial Planner 246

Certified Financial Planner CFP Education Financial Advisor 246

The Reformed Broker

OCTOBER 6, 2023

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Alex Kantrowitz, and Downtown Josh Brown discuss the big tech landscape, AI competition, augmented reality, Michael Lewis and SBF, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here: Apple podcasts Spotify podcasts Google podcasts Everywhere else!

Marketing 152

Marketing Marketing 152

The Big Picture

OCTOBER 6, 2023

I have been playing with Nick’s S&P 500 calculator , and it’s pretty damned, cool. He used data from Robert Shiller’s website and created his own interface going all the way back to 1871. (The default assumes your dividends are reinvested). You can see why RWM hired Nick as our Chief Data Scientist… The post Historical S&P 500 Return Calculator appeared first on The Big Picture.

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Abnormal Returns

OCTOBER 4, 2023

Podcasts Sam Dogen talks fear with Farnoosh Torabi author of "A Healthy State of Panic: Follow Your Fears to Build Wealth, Crush Your Career, and Win at Life." (sites.libsyn.com) Dan Haylett talks with Hal Hershfield author of "Your Future Self: How to Make Tomorrow Better Today." (humansvsretirement.com) Jon Luskin talks with Steve Chen about DIY retirement planning tools.

Planning 276

Planning Retirement Retirement Planning Financial Advisor 276

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

Nerd's Eye View

OCTOBER 2, 2023

Welcome to the October 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that custodial platform Altruist is eliminating the $1 per account monthly fee for its portfolio management and reporting technology for advisors on its platform, which on the one hand suggests that the e

Communication 243

Communication Portfolio Management Clients Tax Planning 243

The Reformed Broker

OCTOBER 3, 2023

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Rising Rates Hurt – “Investors fear unsustainably high interest rates will spark bank-loan defaults” ►Utilities Crash – Utilities are underperforming the S&P 500 32% YTD.

Banking 152

Banking Investing Investments Marketing 152

The Big Picture

OCTOBER 2, 2023

My back-to-work morning train WFH reads: • October Almanac: Bear-Killer, Bargain Month, Turnaround Month : Seasonally Speaking, October is the time to buy stocks, especially late October and especially tech stocks and small caps. October can evoke fear on Wall Street as memories are stirred of crashes and massacres. We use the term “Octoberphobia” to describe the phenomenon of major market drops occurring during the month.

Economics 245

Economics Banking Accounting Media 245

Abnormal Returns

OCTOBER 2, 2023

September 2023 How major asset classes performed in September 2023. (capitalspectator.com) How factors have performed YTD. (insights.finominal.com) The S&P 500 dropped each week in September. (quantifiableedges.com) Rates JP Morgan Chase ($JPM) is going hard for HNW deposits. (wsj.com) 5%+ yields make financial advice a tougher sell. (bloomberg.com) Crypto There is no love lost between the crypto industry and SBF.

Financial Advising 276

Financial Advising Financial Advice Economy Media 276

Advertisement

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

Nerd's Eye View

OCTOBER 5, 2023

For many financial advisors, financial planning advice traditionally focuses on optimization: tax-efficient, continually rebalanced portfolios are often designed to maximize a client's wealth throughout retirement. Such optimization can serve as the backbone of an advisor's value proposition, providing a bottom-line analysis that communicates why those (not insubstantial) fees are worthwhile at the end of the day.

Clients 239

Clients Financial Planning Communication Financial Advisor 239

The Reformed Broker

OCTOBER 3, 2023

Interest rates are rising because economic growth is better than expected, says Cerity’s Lebenthal from CNBC Final Trades: Starbucks, Cisco & more from CNBC

Economics 152

Economics 152

The Big Picture

SEPTEMBER 30, 2023

The weekend is here! Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • The Oppenheimer of Our Age : Sam Altman insists the AI he is creating could destroy us even as he hastens its advancement. Do we know enough about him? ( New York Magazine ) • It’s not just you. LinkedIn has gotten really weird.

Ethics 157

Ethics Economics Medical Numbers 157

Abnormal Returns

OCTOBER 6, 2023

The biz Spotify ($SPOT) has big audiobook ambitions. (nytimes.com) Amazon ($AMZN) is shuttering its Amp audio app. (theverge.com) On the layoffs at Pushkin Industries. (nypost.com) Business Derek Thompson talks with Matthew Ball and Julia Alexander about the state of Disney ($DIS) today. (theringer.com) Roben Farzad talks with Angela Romero and Matthew Boyle about MBA grads buying companies.

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Assets Management 263

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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.

Banking

Nerd's Eye View

OCTOBER 4, 2023

People often talk about "the economy" as a single entity whose parts move in unison, with a small number of key indicators (such as GDP, the unemployment rate, and inflation) moving reliably in relation to each other. In reality, though, the economy is a complex web of interdependent factors where events often make sense only in hindsight – and sometimes, not at all.

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Valuation Economics Economy Marketing 233

Carson Wealth

OCTOBER 5, 2023

By Beth Schanou, JD, CExP, Senior Wealth Planner Who wants to spend an afternoon thinking about their mortality? No one, which is why more than half of Americans don’t even have a will. The foundation of your estate plan is a Last Will and Testament. Without a will, you are leaving the disposition of your assets and the guardianship of your minor children to a court.

Estate Planning 142

Estate Planning Planning Assets Taxes 142

Alpha Architect

OCTOBER 5, 2023

Over the very long term, while value stocks have been less profitable and have had slower growth in earnings than growth stocks, they have provided higher returns. International Value Stocks Offering “More Bang for the Buck” was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.

Investing 137

Investing Investments 137

Abnormal Returns

OCTOBER 5, 2023

Books An excerpt from "Right Kind of Wrong: The Science of Failing Well" by Amy Edmondson. (behavioralscientist.org) An excerpt from "Eve: How the Female Body Drove 200 Million Years of Human Evolution" by Cat Bohannon. (theatlantic.com) An excerpt from "The Cost of Free Land: Jews, Lakota and an American Inheritance" by Rebecca Clarren. (politico.com) Academic fraud Behavioral science has a credibility problem.

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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

Calculated Risk

OCTOBER 3, 2023

Here is another monthly update on lumber prices. SPECIAL NOTE: The CME group discontinued the Random Length Lumber Futures contract on May 16th. I've now switched to a new physically-delivered Lumber Futures contract that was started in August 2022. Unfortunately, this impacts long term price comparisons since the new contract was priced about 24% higher than the old random length contract for the period both contracts were available.

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Wealth Management

OCTOBER 6, 2023

Nitrogen’s annual Fearless Investing Conference was a clarion call to advisors for navigating waves of change, with a curated agenda laser-focused on growth through adaptation, agility and optimism.

Investing 135

Investing Investments 135

A Wealth of Common Sense

OCTOBER 3, 2023

Over the past few months, there has been a swift re-rating in longer-term bond yields. The 10 year treasury is now yielding around 4.8%, up from a low of 3.3% as recently as April. It was yielding 3.7% in July. Many pundits believe the bond market is only now waking up to the potential of a higher-for-longer interest rate regime caused by strong labor markets, a resilient economy, higher-than-expected inflation and Fed po.

Marketing 125

Marketing Marketing Economy 125

Abnormal Returns

OCTOBER 4, 2023

Markets The stock market is coming to terms with higher interest rates (for longer). (awealthofcommonsense.com) Japan's stock market has some catalysts working in its favor. (wsj.com) Why Treasury securities are different. (ft.com) ETFs State Street Global ($STT) is expanding the number of ETFs that engage in securities lending. (etf.com) The number of fixed income ETFs is on the rise.

Financial Advising 263

Financial Advising Media Numbers Planning 263

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

Calculated Risk

OCTOBER 3, 2023

Wards Auto released their estimate of light vehicle sales for September: September U.S. Light-Vehicles Sales Bounce Back Despite Gloomy Conditions (pay site). Hard to say exactly how much but sales could have been slightly stronger in September if not for some lost inventory caused by production cuts related to plant shutdowns from UAW strikes at Ford, General Motors and Stellantis.

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Sales Marketing Marketing 134

Wealth Management

OCTOBER 4, 2023

Advisors are overdelivering services such as health care, estate and business planning, while falling short in the areas their clients most desire.

Retirement Planning 141

Retirement Planning Planning Retirement Business Planning 141

A Wealth of Common Sense

OCTOBER 6, 2023

The bond market continues to be even crazier than the stock market. We’ve witnessed a massive move in long-term bond yields these past couple of weeks and months. Yields on the 10, 20 and 30 year Treasury were all up in the neighborhood of 60 basis points over the past 16 trading sessions. Yields are up 1% or more on each of these bond maturities since the end of June.

Marketing 121

Marketing Marketing 121