Abnormal Returns
SEPTEMBER 1, 2024
Also on the site How much would you pay for a house you couldn't insure? (abnormalreturns.com) Top clicks this week Another star manager, another disaster for investors. (awealthofcommonsense.com) You're not a billionaire. Stop trying to invest like one. (axios.com) The big index fund managers have a problem on their hands. (humbledollar.com) Why you likely don't need to focus on dividend paying stocks.
Nerd's Eye View
SEPTEMBER 6, 2024
Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that the Treasury Department has finalized rules requiring most SEC-registered RIAs to implement risk-based Anti-Money Laundering and Countering the Financing of Terrorism programs, including a requirement to report suspicious activity to Treasury's Financial Crimes Enforcement Network, with firms having until January 1, 2026 to comply with the rule.
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The Big Picture
SEPTEMBER 5, 2024
I have known Josh for nearly 15 years. Despite his writing in public that entire time, hosting two weekly shows on our YouTube channel , and showing up on CNBC three times a week, you don’t know him. Public persona aside, he is surprisingly private. I know him as well as anyone besides Sprinkles and maybe Batnick. I am going to share three things about Josh that you don’t know.
Carson Wealth
SEPTEMBER 5, 2024
Navigating Medicare can be a daunting task, especially with the numerous plans and options available. However, choosing the right Medicare plan is crucial to ensure that you have the coverage you need as you move into retirement. Whether you’re enrolling for the first time or considering a change, these tips will help you choose a plan that fits your healthcare needs and budget. 1: Know the Rules for Medicare Open Enrollment The first step in selecting the right Medicare plan is understand
Speaker: Indy Chakrabarti, Chief Marketing Officer at HighRadius
4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor
Abnormal Returns
SEPTEMBER 4, 2024
Podcasts Barry Ritholtz talks with Eric Balchunas about the importance of falling fund fees. (ritholtz.com) Rick Ferri talks with Christine Benz about her new book "How to Retire, 20 Lessons for a Happy, Successful, and Wealthy Retirement." (bogleheads.podbean.com) Christine Benz and Amy Arnott talk financial fraud with Kathy Stokes, director of Fraud Prevention Programs with AARP.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
The Big Picture
AUGUST 31, 2024
The weekend is here! Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • How To Make Millions As a Professional Whistleblower : A little-known provision in US law permits anyone to blow the whistle on financial fraud — and potentially take home a percentage of the funds collected. One undercover sleuth has made a wild career out of it. ( GQ ) • Why Aging Comes in Dramatic Waves in Our 40s and 60s : A new study suggests that waves of aging-relat
A Wealth of Common Sense
SEPTEMBER 1, 2024
I enjoy slicing and dicing historical stock market returns. I’m not naive enough to assume this helps predict the future. However, studying the past can provide a baseline to help set expectations when it comes to risk and a potential range of outcomes. Here’s a different way to look at returns over various time horizons for the S&P 500 going back to 1993: This is how to read this chart: Pick a starting.
Abnormal Returns
SEPTEMBER 6, 2024
Strategy Three reasons why the stock market declines. (awealthofcommonsense.com) Three reasons to buy Josh Brown's new book "You Weren’t Supposed To See That." (ritholtz.com) Semiconductors Trying to put a valuation on Nvidia ($NVDA). (aswathdamodaran.blogspot.com) TSMC's ($TSM) Arizona plant is on track for 2025 production. (bloomberg.com) Export controls are not keeping Nvidia ($NVDA) chips out of China.
Nerd's Eye View
SEPTEMBER 4, 2024
As digital software solutions become more sophisticated (and new ones continue to roll out at breakneck speed), they may offer relief with what they offer but, at the same time, they may also introduce a burden for the user to vet and review the results to ensure that it actually provides the 'correct' output. When it comes to digital estate planning solutions tools, this particular burden is amplified not only because of the many clients who need an estate plan (with about 2/3 of Americans esti
Speaker: Igli Laci, Strategic Finance Leader
In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a
The Big Picture
SEPTEMBER 3, 2024
The transcript from this week’s, MiB: Heather Brilliant, Diamond Hill , is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts , Spotify , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ This is Masters in business with Barry Ritholtz on Bloomberg Radio.
Wealth Management
SEPTEMBER 5, 2024
Barry Gilbert, portfolio manager with the Carson Group, talks about why the firm is risk-on right now, why it prefers ETFs over mutual funds and what’s different about this market cycle.
Abnormal Returns
SEPTEMBER 5, 2024
Index funds How index funds have changed demand for large cap stocks. (klementoninvesting.substack.com) Research Affilitiates is launching the Deletions ETF ($NIXT) which will buy index deletions. (mutualfundobserver.com) Apple David Pierce, "Apple Pay is one of the most Apple-y Apple products the company has ever shipped." (theverge.com) People want to copy Apple ($AAPL) products but not Apple the company.
Nerd's Eye View
SEPTEMBER 3, 2024
Welcome everyone! Welcome to the 401st episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Zack Hubbard. Zack is the Director of Financial Planning and Participant Engagement of Greenspring Advisors, an RIA based in Towson, Maryland, that manages $2 billion of private wealth assets under management for 1,300 client households and advises on an additional $5 billion in retirement plan assets.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
A good, fast, clean audit leads to a happy work life. Join us in this one-hour webinar, where we share the best ways to prepare and conduct your audit process to maximize audit satisfaction and minimize administrative time in month-end close and financial reporting. Learning objectives: This course objective is to review leading practices to maximize audit success.
The Big Picture
SEPTEMBER 2, 2024
My end-of-Summer morning round up: • Do you spend money more like a millennial or a boomer? Take this quiz to find out. Are you pouring money into day care, car loans or a luxury vacation? Your spending says a lot about your income bracket and whether you have kids. But there are also generational influences — and a growing gap between how older and younger generations spend money. ( Washington Post ) • How America Can Break Its Highway Addiction : In the 1980s, an unlikely alliance slowed the c
A Wealth of Common Sense
SEPTEMBER 6, 2024
I bought a Peloton exercise bike during the early days of the pandemic. It’s convenient and the technology is pretty neat.1 But I never would have purchased shares in the company. I have a rule of thumb that anything new that’s fitness-related is a fad. I’ve seen far too many fad diets and fancy exercise equipment or videos come and go over the years.
Abnormal Returns
SEPTEMBER 4, 2024
IPOs Don't expect much in the way of IPOs between now and year-end. (news.crunchbase.com) The SPAC market is not dead. (bloomberg.com) Finance Why Blackstone ($BX) purchased data center operator AirTrunk. (wsj.com) How private equity profits from our 'penny problem.' (axios.com) It seems like PE always wins, no matter what. (sherwood.news) A defense of private equity.
Nerd's Eye View
SEPTEMBER 2, 2024
Welcome to the September 2024 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 Fidelity has announced a new bundled technology offering for advisors, including its own Wealthscape brokerage and eMoney financial planning software, alongside Advyzon's portfolio management and p
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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.
Calculated Risk
SEPTEMBER 6, 2024
Today, in the Calculated Risk Real Estate Newsletter: Catching Up: New Home Sales Increased to 739,000 Annual Rate in July Brief excerpt: I'm back from Africa! I’ll be catching up on recent data over the next few days, and I’ll post some photos / videos from my trip. Last week the Census Bureau reported New Home Sales in July were at a seasonally adjusted annual rate (SAAR) of 739 thousand.
Wealth Management
SEPTEMBER 4, 2024
Private debt REITs offer a unique blend of income stability, risk management, tax efficiency, and diversification, writes Parkview Financial's VP of investor relations.
Abnormal Returns
SEPTEMBER 6, 2024
Listening Someone was just charged with fraud using AI to create hundreds of thousands of fake songs by nonexistent bands. (arstechnica.com) What it's like to be 'the other guy' on a celebrity podcast. (nytimes.com) Hedge funds Corey Hoffstein talks with Giuseppe Paleologo about portfolio construction at multi-manager hedge funds. (podcasts.apple.com) Joe Weisenthal and Tracy Alloway talk with Joe Peta about how to measure manager skill.
A Wealth of Common Sense
SEPTEMBER 5, 2024
The OG financial blogger Barry Ritholtz joined me on the show this week to discuss questions about what the next recession will look like, creating an investment plan for a banker with cash on the sidelines, paying down a low interest rate mortgage and how to sell your automobile. Further Reading: The Minsky Market 1It’s pretty obvious but red for losses of 2% or worse and green for gains of 2% or more. 2All 3 have.
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Finance Transformation Myths Busted Over 75% of organizations struggle to define the right success metrics to benchmark the impact of their finance transformation investment. Whether you are just initiating your digital transformation journey or planning to pitch your next AI project to leadership, without the right metrics and a rigorous tracking process - all your efforts might go to waste!
Calculated Risk
SEPTEMBER 4, 2024
Wards Auto released their estimate of light vehicle sales for August: August U.S. Light-Vehicle Sales Rise 4%, Ending Two Straight Declines (pay site). Growth was solid in August despite the period’s results equaling a 7-month-low SAAR. However, after rising 3.4% year-over-year in the first five months of 2024, demand over the three months since then has been nearly flat.
Wealth Management
SEPTEMBER 5, 2024
AssetMark has been delisted from the public markets and appointed Lou Maiuri, former president of State Street Bank, as chairman and group CEO of AssetMark Financial Holdings.
Abnormal Returns
AUGUST 31, 2024
Autos Demand is growing for plug-in hybrids. (wsj.com) The transition to the Tesla ($TSLA) Supercharger network is 'frustrating.' (nytimes.com) Transport Personal injury lawyers could kill autonomous trucks before they really get going. (bloomberg.com) How hybrid airplanes work. (wsj.com) Energy Bitcoin miners in Texas can make more money from not mining.
Alpha Architect
SEPTEMBER 6, 2024
Joseph Liberman, Stanley Krasner, Nathan Sosner, and Pedro Freitas, authors of the September 2023 study “Beyond Direct Indexing: Dynamic Direct Long-Short Investing,” examined if the utilization of leverage and long-short strategies motivated by the literature on factor-based investing could improve on the tax benefits of direct indexing and tax-loss harvesting.
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
SEPTEMBER 6, 2024
The headline jobs number in the August employment report was below expectations, and June and July payrolls were revised down by 82,000 combined. The participation rate and the employment population ratio were unchanged, and the unemployment rate decreased to 4.2%. Construction employment increased 34 thousand and is now 665 thousand above the pre-pandemic level.
Wealth Management
SEPTEMBER 3, 2024
Mesirow continues to grow its wealth management headcount with the addition of Price Wealth Management. The firm will expand further in the Southeast via lift-ins and acquisitions.
Abnormal Returns
SEPTEMBER 2, 2024
Podcasts Brendan Frazier talks with Michael Finke about the three cornerstones of a happy and fulfilling retirement. (podcasts.apple.com) Michael Kitces talks with Mark Tibergin about the difference between simply growing in size versus truly gaining scale as an advisory firm. (kitces.com) Jason Pereira talks with Larry Shumbres, CEO, and founder of Archive Intel.
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