Abnormal Returns
MARCH 3, 2024
Also on the site Five thoughts on the power of letting go. (abnormalreturns.com) Top clicks this week What happens when you invest right before a bear market? (awealthofcommonsense.com) Solana is at new all-time highs. (allstarcharts.com) Consumer Reports' top ten list for 2024 is filled with hybrids. (cnbc.com) The Magnificent Seven is all anybody can talk about in the U.S.
The Big Picture
MARCH 6, 2024
At the Money: Knowing When You’ve Whipped Inflation. (March 6, 2024) Investors hate inflation. How can they evaluate what inflation means to the Federal Reserve and possibly future rate cutes? Full transcript below. ~~~ About this week’s guest: Claudi Sahm is a former Federal Reserve economist best known for the rule bearing her name. She runs Sahm Consulting.
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Nerd's Eye View
MARCH 6, 2024
Financial advisors often discuss how futile it is to try and predict what will happen in the stock market, and yet the reality is that a core component of creating a financial plan involves making a prediction for how markets will behave, at least in the long run. An assumed rate of return is needed, for example, to illustrate how much a client might need to save for retirement, how much savings they'll have when they do retire, and how long their savings will last after they stop working.
Carson Wealth
MARCH 7, 2024
By Jake Anderson, CFP ® , Wealth Planner When helping clients begin retirement planning, the same questions often arise: What should my retirement plan look like? How much should I be saving? Although there are some basic guidelines, your financial life is as unique as your fingerprint. Your lifestyle, goals, family situation, and risk tolerance will give a unique signature to your retirement plan.
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.
Abnormal Returns
MARCH 5, 2024
Markets Industrials are leading. (allstarcharts.com) Congratulations, goldbugs. (seeitmarket.com) Strategy Being right is more important than being first. (microcapclub.com) Being fearful is no way to invest. (dariusforoux.com) Why you should write more. (investmenttalk.co) Crypto Spot Bitcoin ETFs are raking in the assets. (wsj.com) Microstrategy ($MSTR) is trading at a big premium to its Bitcoin holdings.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Nerd's Eye View
MARCH 4, 2024
Welcome to the March 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 advisor lead generation platform Datalign Advisory reached nearly $15B in referred client assets (and almost $3B in actually-converted assets) in just its 2nd year of business, as advisor demand for pa
Fortune Financial
MARCH 7, 2024
Signed into law in 1956 by then President Dwight Eisenhower, the Federal Highway Act created the Interstate Highway System , which would become the largest and costliest public works project in history. Measuring almost 48,000 miles in total distance, the Interstate Highway System was completed only in 1992, more than three decades after work began, and for a total cost in today’s dollars of more than $500 billion. ( source: Wikipedia Commons ) Inspired in large part by the German Autoba
Abnormal Returns
MARCH 4, 2024
Retirement JP Morgan Asset Management's 'Guide to Retirement.' (am.jpmorgan.com) How longevity literacy affect financial wellness in retirement. (papers.ssrn.com) Why getting charitable giving in retirement right is challenging. (fa-mag.com) Headcount RIAs need to do a better job of recruitment AND retention. (riabiz.com) The battle for adviser talent will only grow.
The Big Picture
MARCH 8, 2024
This week, I speak with Sean Dobson, chairman, CEO and CIO of Amherst Holdings LLC. The firm manages $16.8 billion in assets focused on single-family rentals, mortgage-backed securities and commercial real estate. He currently serves as a governing trustee for the Dana-Farber Cancer Institute in Boston and is a co-founder of CapCityKids. Amherst was managing a variety of public and private label loans in the 2000s, including mortgage-backed securities (MBS).
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.
Nerd's Eye View
MARCH 8, 2024
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that RIA clients of an insurance broker providing Errors & Omissions (E&O) coverage saw a 213% increase in claims paid in 2023, attributed to significant jumps in suitability claims (likely stemming from the 2022 market downturn) and claims related to wire fraud.
A Wealth of Common Sense
MARCH 8, 2024
America is in a weird place demographically-speaking. On the one hand, we have 70 million baby boomers reaching retirement age. They control most of the wealth. They control most of the housing market. And they still control the thermostat when you visit their houses. On the other hand, we have 73 million millennials who are in their prime household formation years.
Abnormal Returns
MARCH 5, 2024
Crypto A little Bitcoin goes a long way in a portfolio perspective. (quantpedia.com) How to use factors to build a crypto portfolio. (sparklinecapital.com) Options How retail traders use options. (papers.ssrn.com) A video on the Black-Scholes options pricing model. (marginalrevolution.com) Alts How fundraising affects PE fund decision making. (papers.ssrn.com) Equity funds haven't gotten a boost by investing in venture capital deals.
The Big Picture
MARCH 5, 2024
 The transcript from this week’s, MiB: David Snyderman, Magnetar Capital , 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 not an official transcript. 00:00:02 [Speaker Changed] Bloomberg Audio Studios, podcasts, radio News. 00:00:09 [Speaker Changed] This is Masters in business with Barry Ritholtz on Bloomberg R
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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.
Nerd's Eye View
MARCH 7, 2024
For many financial advisors, the traditional way of doing business has generally been based on a transaction-based service model involving functional solutions to clients' practical problems. In more recent years, though, advisors have begun to focus on developing stronger and more meaningful relationships, recognizing the advantage of better understanding clients' values and priorities when it comes to solving for their long-term goals.
Calculated Risk
MARCH 7, 2024
From Manheim Consulting today: Wholesale Used-Vehicle Prices Declined in February Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were down in February compared to January. The Manheim Used Vehicle Value Index (MUVVI) fell to 203.8, a decline of 13.1% from a year ago. The index was down 0.1% against the month of January 2024.
Abnormal Returns
MARCH 7, 2024
Markets Apple, Google and Tesla are underperforming. (allstarcharts.com) How much BBB-rated debt does your corporate bond fund own? (morningstar.com) Finance Just how risky is the prime brokerage business? (ft.com) Robinhood ($HOOD) has hired Klutch Sports to help with marketing. (sportico.com) Apple Why Apple ($AAPL) cut bait on its car efforts. (bloomberg.com) The Apple ($AAPL) Car is not a total write-off.
Advisor Perspectives
MARCH 4, 2024
I have written this month’s Absolute Return Letter with a heavy heart. I don’t take any pleasure from other people’s misery.
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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.
Nerd's Eye View
MARCH 5, 2024
Welcome back to the 375th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Rob Schultz. Rob is the Senior Partner of NWF Advisory, a hybrid firm based in Los Angeles, California, where he oversees nearly $500M in assets under management for 200 client households. What's unique about Rob, though, is how he's systematized his meeting process, from his meeting prep down to a standardized agenda flow that allows him to dig into client-specific details while also main
Calculated Risk
MARCH 6, 2024
From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 9.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 1, 2024. The Market Composite Index, a measure of mortgage loan application volume, increased 9.7 percent on a seasonally adjusted basis from one week earlier.
Abnormal Returns
MARCH 6, 2024
Podcasts Barry Ritholtz talks with Meir Statman about values based-investing. (ritholtz.com) Howard Lindzon talks direct indexing with Mo Al Adham, Founder and CEO of Frec. (youtube.com) Carl Richards talks with Morgan and Gretchen Housel about using simple spending experiments. (podcasts.apple.com) Peter Lazaroff talks with Christine Benz about retirement withdrawal strategies.
A Wealth of Common Sense
MARCH 7, 2024
A reader asks: I don’t recall any questions being asked on the benefits of gold investing. Gold has increased by around 7% a year for the past 10 years but it’s never mentioned on any of The Compound shows as a good investment. It is not better than holding cash as cash purchasing power will go down as inflation goes up whereas gold will at least keep up?
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
Alpha Architect
MARCH 8, 2024
Short squeezes are often associated with a large positive jump in the price of a stock. Filippou, Garcia-Ares, and Zapatero demonstrated that skewness-seeking investors try to identify securities that could experience a short squeeze in the near future and are willing to pay a premium for them. That results in an overvaluation of the options and, on average, negative returns.
Calculated Risk
MARCH 8, 2024
From the BLS : Total nonfarm payroll employment rose by 275,000 in February, and the unemployment rate increased to 3.9 percent , the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in government, in food services and drinking places, in social assistance, and in transportation and warehousing. The change in total nonfarm payroll employment for December was revised down by 43,000, from +333,000 to +290,000, and the change for January was revised down by 124,000
Abnormal Returns
MARCH 4, 2024
Markets Has passive investing really broken the stock market? (wsj.com) The U.S. is not a standout when it comes to index concentration. (ft.com) Every market correction doesn't turn into a bear market. (awealthofcommonsense.com) Finance Whatever you call it, clean energy investment is growing. (wsj.com) The U.S. Treasury market is set for some big changes.
A Wealth of Common Sense
MARCH 5, 2024
I was a late bloomer when it came to becoming interested in the markets. I wasn’t one of these wunderkinds reading Barron’s every weekend and picking stocks when I was young. I knew literally nothing about the financial markets until my senior year in college when I got an internship in sell-side research. When I got a real job in the industry after graduation I didn’t have any practical investment expe.
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.
Wealth Management
MARCH 6, 2024
If the claims are successful in their claims against the estate because it would void nearly $3 billion in deductions to the foundations claimed by the estate.
The Irrelevant Investor
MARCH 4, 2024
The pandemic-fueled asset bubble was a wild time to be an investor. If it had a ticker, it was going higher. A lot higher. Didn’t matter if it was a stock or a bond or a commodity or a SPAC or a crypto token or an NFT. Prices became completely delinked from economic reality. Even if an investor were discounting, lol, fifty years into the future, things were completely out of control.
Abnormal Returns
MARCH 2, 2024
Autos Consumer Reports' top ten list for 2024 is filled with hybrids. (cnbc.com) Ford ($F) owners now have access to the Tesla ($TSLA) supercharger network. (arstechnica.com) The 'greenest' new car may surprise you. (axios.com) Transport Given rising auto-related fatalities, self-driving cars should not be controversial. (newcomer.co) A chemical tanker with wind-assisted propulsion has launched.
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