A Wealth of Common Sense

SEPTEMBER 24, 2023

Here are some things I believe about investing. 1. I believe simple beats complex. The problem is simple is much harder to implement because complex will always sound more intelligent and appealing. 2. I believe the timing of buy or sell decisions matters less than your holding period. Picking tops and bottoms is for the lucky and the liars. Patiently holding onto your investments is more important for most investors than.

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The Big Picture

SEPTEMBER 28, 2023

I have been watching various sentiment polls and Right/Wrong Track questionnaires with detached bemusement. Bemused because they are so silly, and detached because I know I can’t change human nature. What I can do is share a few modest insights; hopefully, these will allow you to gain a fresh perspective you might not have otherwise considered or perhaps even garner a better understanding of what is happening right here and now.

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Abnormal Returns

SEPTEMBER 27, 2023

Podcasts Joe Weisenthal and Tracy Alloway talk with Morgan Housel about how to think about money. (podcasts.apple.com) Christine Benz and Jeff Ptak talk with Michael Santoli about the state of the stock market and economy. (morningstar.com) Home ownership House ownership isn't for everyone. (awealthofcommonsense.com) Why you should keep track of the tax basis of your house.

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Estate Planning Taxes Insurance Retirement 278

Nerd's Eye View

SEPTEMBER 27, 2023

When it comes to advising clients on student loan issues, many financial advisors might first think about recent graduates seeking advice regarding the most effective way to pay down their balances. However, the number of Federal student loan borrowers over the age of 50 has increased significantly in the past 20 years, with many of these borrowers holding Parent PLUS loans that were used to help fund their children's undergraduate education.

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Education Financial Advisor Planning Clients 246

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.

Accounting

The Reformed Broker

SEPTEMBER 23, 2023

We did an astonishing amount of new content this week after being gone last week at the Future Proof event. Getting back in the saddle felt good, especially considering the amazing guests we had. Below is a link to the live stream we did with Zeke Faux, whose new book “Number Go Up” is packed with wild and hilarious stories about rise and fall of the crypto bubble.

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Numbers 189

Abnormal Returns

SEPTEMBER 26, 2023

Alternatives Private market access funds are all the rage. (morningstar.com) Alternative assets are not all that alternative. (integratinginvestor.com) Will music royalties turn out to be a worthy investment? (wired.com) Asset allocation How various asset classes performed during a recession. (morningstar.com) Achieving these three portfolio goals simultaneously is tough.

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Nerd's Eye View

SEPTEMBER 25, 2023

In the mid-20th century, the first phone call for a person who needed guidance on saving or planning for retirement was likely to be to a stockbroker or a mutual fund or insurance salesperson. But while some of these salespeople may have certainly been able to provide sound advice, there was really no way at that time for a consumer to know which among the many brokers and agents out there were actually capable of giving true and sound advice that would help them reach their goals.

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CFP Financial Planning Planning Certification 245

The Reformed Broker

SEPTEMBER 27, 2023

Stocks stage late-day comeback amid September slump from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.

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The Big Picture

SEPTEMBER 27, 2023

Mapped: The Migration of the World’s Millionaires in 2023 Source: Visual Capitalist The post Where’s Everyone Going? appeared first on The Big Picture.

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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

Abnormal Returns

SEPTEMBER 25, 2023

Cash Advisers are seeing more clients interested in cash. (etf.com) Higher yields are going to be a headwind for risky asset classes. (mrzepczynski.blogspot.com) Finance Zero-day options make up 50% of the S&P 500 options volume. (ft.com) Betterment is closing two of its crypto strategies. (citywire.com) Companies Amazon ($AMZN) just made a big investment in AI startup Anthropic.

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Financial Advising Startup Economy Media 278

Nerd's Eye View

SEPTEMBER 26, 2023

Welcome back to the 352nd episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Bridget Venus Grimes. Bridget is the President of WealthChoice, a virtual independent RIA that oversees nearly $80 million in assets under management for 68 client families, and Co-Founder of Equita Financial Network, an advisor platform that helps advisors plug in and share resources.

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Financial Planning Financial Advisor Clients Planning 239

The Reformed Broker

SEPTEMBER 26, 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: ►The ‘flation – 75% probability of a shutdown. ►Risks to the Economy – “A year of surprisingly strong growth is about to be tested by a strike, the possibility of a government shutdown, student loans.

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Government Economy Investments Investing 161

The Big Picture

SEPTEMBER 23, 2023

This week, we speak with Armen Panossian , managing director and head of performing credit at Oaktree Capital Management , which has $179 billion in assets under management. He oversees the firm’s liquid and private credit strategies, and also serves as a portfolio manager within Oaktree’s global private debt and global credit strategies. He previously worked for Pequot Capital Management, where he worked on distressed debt strategy.

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Management Medical Portfolio Management Economics 182

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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.

Planning

Abnormal Returns

SEPTEMBER 24, 2023

Top clicks this week How Morgan Housel invests his portfolio. (etf.com) The hardest thing about being an investor is deciding what to focus on. (behaviouralinvestment.com) Why selling a stock is harder than buying. (flyoverstocks.com) Bond investors are being given an opportunity to lock in 2% real yields. (capitalspectator.com) The credit markets are very different than they were in 2009.

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Math Valuation Portfolio Investments 278

Nerd's Eye View

SEPTEMBER 29, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that RIA custodial platform Altruist announced that it is offering its portfolio accounting software for free to advisors who custody with the firm, offering the opportunity to advisory firms to reduce the costs of their tech stacks and perhaps presaging competition among custodians to offer more software capabilities for their advisory firm clients!

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The Reformed Broker

SEPTEMBER 26, 2023

The NFL is not spending enough time developing leadership: Former NFL GM Michael Lombardi from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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The Big Picture

SEPTEMBER 27, 2023

My mid-week morning train reads: • 24 Things I Believe About Investing : Simple beats complex, timing matters less than your holding period, and a good strategy you can stick with is vastly superior to a great one you can’t. ( A Wealth of Common Sense ) • Even a Booming Economy Can’t Save Atlanta’s Office Market : Sunbelt city offers warning to others hoping to fill up office towers. ( Wall Street Journal ) • Private Equity’s Slow Carnage Unleashes a Wave of Zombies : A historic shakeup is thre

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Management Media Economy Sales 147

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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

Abnormal Returns

SEPTEMBER 28, 2023

Books An excerpt from "Optimal Illusions: The False Promise of Optimization" by Coco Krumme. (engadget.com) An excerpt from Michael Wolff's new book, "The Fall: The End of Fox News and the Murdoch Dynasty." (theankler.com) A Q&A with Taylor Lorenz author of "Extremely Online: The Untold Story of Fame, Influence, and Power on the Internet." (vox.com) Health Is the 'war on cancer' a failure?

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Communication Economics Management Marketing 276

A Wealth of Common Sense

SEPTEMBER 26, 2023

Jeremy Grantham was on The Compound and Friends with Michael and Josh last week talking bubbles. [link] says real estate is a global bubble and prices should fall 30% or so. I partially agree and partially disagree with Grantham here. I continue to believe the U.S. housing market is not in a bubble. Is the housing market broken in many way.

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Marketing Marketing 144

The Reformed Broker

SEPTEMBER 29, 2023

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Perth Tolle, Gunjan Banerji, and Downtown Josh Brown discuss Amazon’s antitrust issues, a coming secular rotation in equities, investing in emerging markets and China, meme stocks are back, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

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Investments Investing Marketing Marketing 152

Advisor Perspectives

SEPTEMBER 25, 2023

By applying artificial intelligence and Chat GPT to statements made by active fund managers, researchers have found that their underperformance can be partly explained by overconfidence that led to, among other things, excessive risk taking.

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Management 131

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

Abnormal Returns

SEPTEMBER 29, 2023

The biz Google ($GOOGL) is sunsetting Google Podcasts in favor of YouTube Music. (techcrunch.com) Apple ($AAPL) Podcasts now pulls in more content from associated apps. (theverge.com) Spotify ($SPOT) wants to translate podcasts into different languages using the host's voice. (theverge.com) A profile of the guys behind the popular ‘Tooth and Claw’ podcast.

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Economy Insurance Management 274

A Wealth of Common Sense

SEPTEMBER 29, 2023

There are three things people in the finance world hate to admit: I don’t know. I was wrong. I didn’t expect that to happen. A master-of-the-universe mentality is pervasive in finance because it’s a group of highly educated, competitive people. They see it as a sign of weakness if you admit you don’t know what’s going to happen next.

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Wealth Management

SEPTEMBER 29, 2023

The firms, ranging from broker/dealers and dual registrants to affiliated investment advisors, include Interactive Brokers, Nuveen Securities and Baird, among others, and are similar to 2022 charges against Wall Street firms resulting in $1.1 billion in collective penalties.

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Communication Investment Advisor Investments Investing 129

Calculated Risk

SEPTEMBER 29, 2023

The BEA released the Personal Income and Outlays report for August: Personal income increased $87.6 billion (0.4 percent at a monthly rate) in August , according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI), personal income less personal current taxes, increased $46.6 billion (0.2 percent) and personal consumption expenditures (PCE) increased $83.6 billion (0.4 percent).

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Food Taxes Economics 128

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

Abnormal Returns

SEPTEMBER 24, 2023

Strategy Individual investors win by not competing with professionals. (awealthofcommonsense.com) How long is too long when it comes to your bond allocation? (humbledollar.com) Your view of the markets often depends on your time horizon. (mrzepczynski.blogspot.com) 5%+ T-bill yields are a welcome relief, but don't overdo it. (disciplinefunds.com) Crypto What Ric Edelman sees for the spot Bitcoin ETF space.

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Financial Advising Economics Media Economy 270

A Wealth of Common Sense

SEPTEMBER 28, 2023

A reader asks: I just turned 27 and I make $260k at a job that I just started less than a year ago. It was a grind to get here and then the job itself is very stressful. I dread going to work in the morning, but I deal with it for the money and save/invest the vast majority of it so I don’t have to do this forever. For context I have ~$400k total in investments right now.

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Investments Investing 130

Wealth Management

SEPTEMBER 29, 2023

Certain positions are too be eliminated across the company, while certain units were asked to name 25% of their staffs for possible layoffs.

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