A Wealth of Common Sense
SEPTEMBER 25, 2022
Don’t fight the Fed used to be a positive slogan. That’s not the case anymore. If anything, it feels like the Fed wants to fight us, all of us, including the stock market and the economy. The Fed is actively trying to crash the stock market, break the housing market and push the economy into a recession. How do I know this? Because Fed officials are literally telling us this every time they speak.
The Reformed Broker
SEPTEMBER 23, 2022
A recession so contrived and man-made that every economist, politician, business owner, college student, CEO, rapper and professional athlete has been able to see it coming in real-time for months and months… Take a picture, you may never see anything so obviously about to happen ever again. A child could have foreseen it. At a certain point, a person who is charge of price stability should probably look in the mirr.
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Wealthfront
SEPTEMBER 3, 2022
Today we announced that together with UBS we decided to terminate our pending acquisition and will instead remain an independent company. We are continuing to explore ways to work together in a partnership and UBS has given us $69.7 million in financing at a $1.4 billion valuation. I am incredibly excited about Wealthfront’s path forward […]. The post Our Plans to Remain an Independent Company appeared first on Wealthfront Blog.
The Big Picture
SEPTEMBER 14, 2022
The First Totally Honest Stock Market Story. FRIDAY’S MARKETS. By Vinnie Foster Wynans III. Staff Reporter of The Wall Street Journal. The market rallied early this morning for reasons nobody understands and nobody predicted. CNBC analysts confidently asserted it had something to do with the Senegalese money supply but others pointed to revised monthly figures showing a poor tuna haul off the Peruvian coast.
FMG
SEPTEMBER 16, 2022
While presentations and town hall meetings still have their place in today’s event landscape there are better ways to host memorable client events. Between choosing a topic, venue, and theme, the possibilities are endless. Even better, with current technology, we’re now able to host virtual events that can be as engaging as in-person ones. . First, let’s talk about some of the benefits of hosting a client event , and then we will cover some creative ways to get your clients and their famil
BlueMind
SEPTEMBER 3, 2022
Category: Clients Risk. Determining the client’s risk tolerance is not an exact science and requires you to communicate with your client. Asking relevant questions will help you determine how willing or averse they are to taking risks, you can guide them to select the best risk directive or model portfolio to achieve their goals. What Does The Word “Risk” Mean For Your Clients?
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The Reformed Broker
SEPTEMBER 26, 2022
All of the value creation for investors comes from the actions they take in falling markets, not rising ones. If you’re not yet in retirement and not finished putting money into your retirement accounts, every 5% the market falls is an increased opportunity for you to buy things that will be worth much more in the future when you eventually sell them.
Investment Writing
SEPTEMBER 13, 2022
Do you know the answer to the question I posed in the title of this blog post? Both “sidebar” and “ESG” are words that people in some fields immediately understand, but they perplex many other people. “ Sidebar ” refers to area of text, often placed in a box, to the side of an article. “ESG” is short for “ e nvironmental, s ocial, and corporate g overnance.
The Big Picture
SEPTEMBER 16, 2022
The traditional finance conference was murdered this week. A stake was driven through its heart by innovators tired of the old ways. It was, to be fair, a mercy killing. Living in the past, running on inertia, nobody bothered to tell the patient that it was time to say your goodbyes before we pull the plug. The industry had forgotten why it even exists: To serve an audience that wants to get out of the office, hang with its peers, and learn how to be better at what it does.
FMG
SEPTEMBER 22, 2022
Clients are the lifeblood of every business regardless of industry. Financial advisors especially should make sure customers feel appreciated. To distinguish themselves from others in the industry and make clients feel special. For this exact reason, going the way of surprising and delighting is an excellent tactic in providing exceptional service. When a financial advisor is able to surprise or delight their client, they’re showing through action why that customer made the right choice in
SEI
SEPTEMBER 21, 2022
Leading Disability Employer by NOD. Recognition. lsmith. Wed, 09/21/2022 - 09:45. The National Organization on Disability (NOD) Leading Disability Employer seal recognizes companies that demonstrate exemplary employment practices for differently-abled populations. . This recognition is based on data provided in response to the NOD Disability Employment Tracker™, a free and confidential assessment that benchmarks companies’ disability inclusion programs, including climate and culture, people prac
A Wealth of Common Sense
SEPTEMBER 11, 2022
Following the Great Financial Crisis of 2008 a number of macro doom-and-gloomers began predicting a collapse of the U.S. dollar. The Fed was “printing” trillions of dollars. Interest rates had never been that low before. It was an appealing narrative if you were someone stuck in the negative feedback loop of the biggest economic crash since the Great Depression.
The Reformed Broker
SEPTEMBER 25, 2022
Okay don’t press the <Buy> because of this but maybe reconsider pressing the <Sell> button if you haven’t already… The AAII sentiment poll hit 60% Bears this week. History says the more pessimistic the investor class becomes, the better the prospective returns look six months out. The way I think about this is that the only thing that could make investors really bearish is a big sell-off in t.
Walkner Condon Financial Advisors
SEPTEMBER 30, 2022
There is no lack of inflation data that we see on a near daily basis; however, the question remains – how long will this elevated inflation level last? With all the talk of inflation, several terms are thrown around: CPI, Core, PCE, and more – ad nauseam. Core CPI is an attempt to strip out the most variable drivers of inflation (namely food and energy) from the base (or “headline”) CPI number, but the costs of food and energy can infiltrate into core CPI items such as apparel and househol
The Big Picture
SEPTEMBER 21, 2022
One of the things we know about inflation expectations is that Federal Reserve Chairman Jerome Powell relies heavily on them. He thinks about expectations, gives speeches on them, and uses the data series when enacting Federal Reserve policies to combat inflation. The problem is that all consumer surveys (including inflation expectations) are deeply problematic.
FMG
SEPTEMBER 15, 2022
It’s time for another “Meet the Team” blog! And for this one, we caught up with Customer Success Coordinator, Elizabeth McArdle. When she isn’t looking for ways to better serve our clients, she loves traveling with her family, headed to the beach, crafting and a lot more! . To learn more about Elizabeth and what she does in her free time, be sure to check out our “Meet the Team” blog.
Financial Symmetry
SEPTEMBER 19, 2022
We all have visions of our ideal retirement, and none of them include a terminal illness. However, sometimes life has other plans. Today, Grace Kvantas joins me to discuss the top concerns that are often overlooked for those facing a … Continued. The post When Retirement Is Derailed by a Terminal Illness, Ep #173 appeared first on Financial Symmetry, Inc.
A Wealth of Common Sense
SEPTEMBER 23, 2022
Earlier this week I posted a chart showing how volatile the stock market has been this year: Things have gotten even more volatile since then. This post prompted the following response from someone on Twitter experiencing their first bear market: Yes, there is precedent for this. These are all of the bear markets since World War II: If anything, it’s surprising the current iteration isn’t down more.
The Reformed Broker
SEPTEMBER 25, 2022
And if you haven’t subscribed yet, don’t wait. Check it out below or wherever fine podcasts are played. . The post This Week on TRB appeared first on The Reformed Broker.
BlueMind
SEPTEMBER 11, 2022
Category: Clients Risk. Determining the risk profile is essential so that you may construct a feasible financial strategy for your client’s goals. However, it should be well understood that a client’s financial profile includes their risk tolerance and their risk capacity. In this article, although we will be focusing on the latter one and why it is significant to determine your client’s risk capacity let’s first understand the difference between the two.
The Big Picture
SEPTEMBER 22, 2022
Every year, Credit Suisse puts out an in-depth look at wealth around the world (I often pull a chart or two for the reads). The data always has some interesting findings about how the very wealthy are investing, consuming, and otherwise spending their time and money. I don’t always reference it, but intriguing and anomalous findings are always worth sharing.
Walkner Condon Financial Advisors
SEPTEMBER 2, 2022
There are many types of accounts for individuals to employ as part of their saving and investment plan – IRAs, HSAs, FSAs, 529 plans, and more. However, there is one account that we haven’t covered before and doesn’t get a lot of attention when considering the alphabet soup of account types – an ABLE account. And while ABLE accounts can be a bit more complex for Wisconsin residents, they offer significant tax benefits for individuals with disabilities and their families.
Integrity Financial Planning
SEPTEMBER 19, 2022
Taxes are among the most common concern for people in retirement. You might be wondering how to start thinking about your tax strategy so you aren’t taxed more than you need to be. These three mistakes can help start the conversation about what a comprehensive tax strategy might look like for you. Taking Too Much Income. When you start to approach retirement, you’ll have to start thinking about transitioning from the wealth accumulation stage to the income stage of your life.
A Wealth of Common Sense
SEPTEMBER 10, 2022
I’m not a fan of blaming the Fed for everything you don’t like about the markets or the economy. Markets have always been rigged or manipulated. Truly free markets are a pipe dream. You have to invest in the markets as they are, not as you wish them to be. Having said that, the Fed deserves some blame for what’s going on in the housing market.
The Reformed Broker
SEPTEMBER 4, 2022
Happy Labor Day Weekend! We did some amazing stuff on the blogs and podcasts this week. Volatile markets really bring the best out in our writers. Hope you’ve been checking out Ben’s blog, Nick’s blog, Animal Spirits, Portfolio Rescue and all the rest this summer. I think we’re balancing a dose of realism about the current situation with plenty of constructive commentary and some optimism about the.
Covisum
SEPTEMBER 2, 2022
Roth conversions are a great way to ensure clients aren't hit with a hefty tax bill in retirement ; however, sometimes, clients don't have any non-qualified or non-IRA money to pay the immediate taxes on the conversion. So, are Roth conversions still a smart tax strategy for those situations? Absolutely!
The Big Picture
SEPTEMBER 6, 2022
So, it was just Labor Day Weekend, and while we all should be out NOT laboring, I spent part of the long holiday weekend thinking about a few of my favorite FRED charts. Rather than include all of my favorites, I set a challenge for myself: Limit the list to the three most telling charts: U3 Unemployment Rate : When has unemployment been lower than today?
Financial Symmetry
SEPTEMBER 5, 2022
You’ve probably heard of a few retirement rules of thumb that help you know when you are ready to retire. Or do they? Today you’ll learn why you should set these guidelines out to pasture. We are breaking down what … Continued. The post Why You Should Forget These 4 Retirement Rules of Thumb, Ep #172 appeared first on Financial Symmetry, Inc.
Integrity Financial Planning
SEPTEMBER 26, 2022
When the winter season comes around, you’ll likely have to adjust your routines and prepare for the cold. If you’re in colder states, you may be looking to purchase a new winter coat or snow boots, or skiing equipment for your winter holidays. Or you may be restocking your snow salt for what are soon-to-be icy sidewalks and driveways. If you live in warmer states, maybe you’ve closed your windows and patios and put your fans and AC units away.
A Wealth of Common Sense
SEPTEMBER 7, 2022
I’ve been watching The Offer on Paramount Plus recently. It tells the story of the making of The Godfather, arguably one of the best films of all-time, and how it almost never made it to the big screen. There was an unproven director (Francis Ford Coppola), a one-hit-wonder writer (Mario Puzo), an unproven producer (Al Ruddy) and an eccentric movie executive (Robert Evans).
The Reformed Broker
SEPTEMBER 17, 2022
Here’s a group shot of my team at Ritholtz Wealth and the Advisor Circle group with whom we put on the inaugural Future Proof Festival this week. There are a lot of similarities between our two companies. Barry and I started RWM because we had both reached the point in our respective careers where we’d had enough of watching other firm owners bumble and stumble their way into mediocrity.
Indigo Marketing Agency
SEPTEMBER 6, 2022
We’re happy to announce that Indigo Marketing Agency was featured in Bob Veres’s August 2022 issue of Inside Information , a go-to resource for financial planning, financial advisor, and investment advisor professionals. In every issue, Veres delivers cutting-edge discussions with the industry’s thought leaders and change-makers—and we’re honored to be included!
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.
Steve Sanduski
SEPTEMBER 30, 2022
In a Nutshell: According to Antonia Hock, the traditional corporate leadership style is dead and the pandemic just accelerated a series of trends that have empowered workers to find more meaning in their jobs and more balance in their lives. If you’re not helping your top people achieve those goals, they won’t be motivated to help your company achieve much of anything.
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