The Big Picture
AUGUST 30, 2022
Source: AgWeb. If you are interested (as I am) in Real Estate , then allow me to suggest you consider exploring the world of Farmland. It is something I have done for a while, and it is a fascinating rabbit hole to fall into. Not so much as an investor, but as someone interested in how agriculture works (but yes, there is an investor angle here as well).
The Reformed Broker
AUGUST 29, 2022
Is this chart going up or down? It’s not a trick question. Just look at it and tell me what primary the trend is. You’d be amazed at how many financial advisors, insurance brokers acting as financial advisors, financial planners, wirehouse wealth managers, financial consultants and other assorted intermediaries in this business could not for the life of them look at this chart and give you a straight answer.
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Abnormal Returns
SEPTEMBER 2, 2022
Strategy Investors can now get non-zero yields on risk-free assets. (awealthofcommonsense.com) Investing lessons learned from Julian Robertson. (ft.com) Companies Starbucks ($SBUX) has a new CEO. (marketwatch.com) Shopify ($SHOP) is still rightsizing its workforce. (theglobeandmail.com) Micron ($MU) is building a big new semiconductor plant in Idaho.
Nerd's Eye View
SEPTEMBER 2, 2022
Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that, in its newly released draft strategic plan for 2022-2026, the SEC has indicated that the enforcement of Regulation Best Interest’s requirement that brokers act in their clients’ best interests when making an investment recommendation will be a priority going forward.
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.
The Big Picture
SEPTEMBER 2, 2022
First Half 2022, NBER Edition. The debate between the official NBER determination of a recession and the 2Qs approach has been endlessly discussed. Rather than spill more pixels on this, I will instead direct you to the Menzie Chin chart above (hat tip Invictus ). You can see why the NBER does not rely on GDP (pink line) alone; GDP was slightly negative, while Manufacturing and Trade Sales were more negative.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Abnormal Returns
AUGUST 31, 2022
Strategy Evidence to the contrary, the U.S. stock market is still in a downtrend. (theirrelevantinvestor.com) How the Dempster Mill Manufacturing Company made Warren Buffett miserable. (rationalwalk.com) Keep you politics far away from your investments. (ft.com) Crypto SBF on the state of FTX's 'backstopping' of the crypto industry. (bloomberg.com) How much of Bitcoin trading is fake?
Nerd's Eye View
AUGUST 29, 2022
For most advisory firms, 2022 has been a year of relative stability, market volatility notwithstanding. After 2 years of the pandemic forcing massive changes to most firms’ systems and processes, from client meetings to internal management to marketing and business development, advisory firms are increasingly ‘finding their groove’ in this new post-pandemic (or at least, post-acute-pandemic) era as they grow accustomed to the new ways of getting business done.
The Big Picture
AUGUST 31, 2022
My mid-week morning train WFH reads: • Who Holds the Student Loan Debt? Most individuals see a return on their student loans in the form of a higher paying career. ( Of Dollars And Data ) see also Debt Babies : Make repayment of all student loans (assumed to the current year only) 100% tax deductible, and retroactively — at least in some part — for people who already paid.
The Reformed Broker
AUGUST 27, 2022
And if you haven’t subscribed yet, don’t wait. Check it out below or wherever fine podcasts are played. These were 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.
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.
Abnormal Returns
AUGUST 31, 2022
Podcasts Christine Benz and Jeff Ptak talk with Cameron Huddleston who is the author of "Mom and Dad, We Need to Talk: How to Have Essential Conversations With Your Parents About Their Finances." (morningstar.com) On the importance of getting stated. A Q&A with Paco de Leon author of "Finance for the People: Getting a Grip on Your Finances." (vox.com) Student loans There's a lot to like (and dislike) in the student loan forgiveness plan.
Nerd's Eye View
AUGUST 30, 2022
Welcome back to the 296th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Ed Coambs. Ed is the founder of Healthy Love & Money, a financial therapy practice in Charlotte, North Carolina that helps couples and families uncover and understand the roots of their underlying financial conflicts. What's unique about Ed, though, is how as a former financial advisor turned financial therapist, he utilizes couples therapy techniques to help his clients dig deeper int
The Big Picture
SEPTEMBER 2, 2022
The unofficial end of Summer is here. Labor Day may just be a 3 (or 4) day weekend to you but in the rosy glow of nostalgia, it marked when the freedom of Summer came to a bittersweet close, and the regimented structure of school soon followed. As investors, we understand the impact of seasonality (overstated though it may be) and the return of participants to the market in full. we see this in liquidity and flows as well as more people in the office and the city (though who knows what the post-
The Reformed Broker
SEPTEMBER 2, 2022
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, JC Parets, and Downtown Josh Brown discuss JC’s latest treasure trove of charts, Bitcoin as a store of value, what Buffett has been buying, and much more! Bonus: Michael reacts to breaking NBA news! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!
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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.
Abnormal Returns
AUGUST 28, 2022
Also on the site Be careful relying on future generations to implement your philanthropic goals. (abnormalreturns.com) Top clicks this week “If you could tell a sophisticated finance audience one thing, what would it be?” (thekcpgroup.com) Pickleball is going to kill tennis. (lefsetz.com) The hedonic treadmill is real. (bestinterest.blog) Investors make big mistakes when trying to outperform.
Pragmatic Capitalism
AUGUST 31, 2022
Here’s a new 3 Minute Money on housing. In this video I cover: The dynamics of the boom Why housing is so important to the broader economy The risk that [ … ].
The Big Picture
SEPTEMBER 2, 2022
The Cadillac Series 40-62 was produced by Cadillac from 1940 through 1964. It was used to introduce the Cadillac Coupe de Ville (and Eldorado) which started out as special appearance packages that were later placed into production. The post-war United States had seen a long run of economic expansion, with the expansion of suburbia and a build-out of the US highway system.
The Reformed Broker
AUGUST 31, 2022
The removal of Fed puts has caused these bear market challenges, says Ritholtz CEO Josh Brown from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.
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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.
Abnormal Returns
AUGUST 28, 2022
Markets The S&P 500 was unable to breach the 200 day moving average. (thereformedbroker.com) The U.S. dollar remains strong. (allstarcharts.com) Books A review of "The Case for Long-Term Value Investing: A Guide to the Data and Strategies That Drive Stock Market Success" by Jim Cullen. (blogs.cfainstitute.org) Five insights from Jay Mason's "The Investing Oasis: Contrarian Treasures in the Capital Markets Desert.
Calculated Risk
AUGUST 30, 2022
S&P/Case-Shiller released the monthly Home Price Indices for June ("June" is a 3-month average of April, May and June closing prices). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index. From S&P: S&P Corelogic Case-Shiller Index Decelerated in June The S&P CoreLogic Case-Shiller U.S.
The Big Picture
AUGUST 27, 2022
This week, we speak with Eric Balchunas , a senior ETF analyst at Bloomberg who has more than a decade of experience working with ETF data, designing new functions and writing ETF research for the Bloomberg Terminal. Balchunas also contributes articles, feature stories and blog posts on ETFs for Bloomberg.com and appears each week on Bloomberg TV and Bloomberg Radio to discuss ETFs.
The Reformed Broker
AUGUST 30, 2022
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: ?200-Day Moving Average – S&P 500 Days Below 200-Day MA. ?Shorts Fired Up – Highest short S&P 500 futures activity since summer 2020. ?
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
Abnormal Returns
SEPTEMBER 1, 2022
Strategy There's still too much closet indexing going on. (ft.com) People who get out of the market have a hard time getting back in. (evidenceinvestor.com) Companies Netflix ($NFLX) is planning to charge premium rates for ads. (wsj.com) Snap ($SNAP) simply overhired during pandemic. (theinformation.com) How a Twitter ($TWTR) edit button can be abused.
Calculated Risk
SEPTEMBER 2, 2022
From the BLS : Total nonfarm payroll employment increased by 315,000 in August, and the unemployment rate rose to 3.7 percent , the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in professional and business services, health care, and retail trade. The change in total nonfarm payroll employment for June was revised down by 105,000, from +398,000 to +293,000, and the change for July was revised down by 2,000, from +528,000 to +526,000.
The Big Picture
AUGUST 31, 2022
A further discussion of last week’s Tales from the Dark Side. It Should Be Easy to Get Affordable Financial Advice: Ritholtz. Source: Bloomberg , August 30th, 2022. Previously : Tales from the Dark Side (August 26, 2022). The post Video: Tales from the Dark Side appeared first on The Big Picture.
The Reformed Broker
AUGUST 30, 2022
Final Trades: Uber, Industrials, Edison International & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.
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.
Abnormal Returns
SEPTEMBER 1, 2022
Books An excerpt from "How to Stay Smart in a Smart World: Why Human Intelligence Still Beats Algorithms" by Gerd Gigerenzer. (behavioralscientist.org) An excerpt from "Streets of Gold: America’s Untold Story of Immigrant Success" by Ran Abramitzky and Leah Boustan. (behavioralscientist.org) An excerpt from Marisa Franco’s new book, "Platonic: How the Science of Attachment Can Help You Make—And Keep—Friends.
Calculated Risk
AUGUST 30, 2022
Note: I like using Las Vegas as a measure of recovery for both leisure (visitors) and business (conventions). From the Las Vegas Visitor Authority: July 2022 Las Vegas Visitor Statistics July saw the highest monthly visitation since the start of the pandemic, reaching nearly 3.5M visitors for the month, up 5.7% YoY and just 5.3% below the July 2019 tally.
The Big Picture
AUGUST 29, 2022
Transcript: The transcript from this week’s, MiB: Eric Balchunas on the Vanguard Effect , is below. You can stream and download our full conversation, including the podcast extras on iTunes , Spotify , Stitcher , Google , Bloomberg , and Acast. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~. ANNOUNCER: This is Masters in Business with Barry Ritholtz on Bloomberg Radio.
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