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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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.
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.
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.
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.
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.
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.
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 29, 2022
You don’t have to go checking to see all the other performances from last night’s Music Video Awards on MTV, you can just take my word for it – RHCP was the highlight. Nice to see Generation X is still in the conversation <laugh cry emoji>, very quietly being talented and capable while the Boomers and Millennials continue their culture war blood feud.
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
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
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?
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
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.
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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.
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.
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.
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.
A Wealth of Common Sense
SEPTEMBER 1, 2022
A reader asks: Recently my father passed away leaving roughly $150k to me as an inheritance and I’m trying to figure out if I should save or invest it. I’m 26 years old and served 4 years as an army officer. I will be separating honorably soon where I’ll go back to school and may need to access these funds. I also may use them to buy a future house or get married.
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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
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.
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.
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.
A Wealth of Common Sense
AUGUST 29, 2022
There were a lot of predictions at the outset of the pandemic about how the world would be changed forever. Some were kind of right. Others were very wrong. So it goes with these things. The one that never made sense to me is how colleges were going to get disrupted by online classes once students saw how pointless it was to go to class. If anything, the pandemic proved how necessary it is for young people to interact wit.
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
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.
Wealth Management
SEPTEMBER 2, 2022
Twelve financial advisors describe how their first paying work taught them enduring lessons for professional success.
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.
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 [ … ].
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.
Calculated Risk
AUGUST 29, 2022
Here is another monthly update on framing lumber prices. This graph shows CME random length framing futures through August 29th. Lumber was at $511 per 1000 board feet this morning. This is down from the peak of $1,733, and up 5% from $485 a year ago. Prices are still up sharply from the pre-pandemic levels of around $400. Click on graph for larger image.
Wealth Management
SEPTEMBER 1, 2022
The industrial development pipeline is at its highest level in years. But developers are facing a host of new challenges.
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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