The Reformed Broker
APRIL 5, 2023
I get a lot of emails and LinkedIn messages about our “funnel” these days. Hiring funnel, sales funnel, etc. Usually it’s coming from well-meaning companies who are focused on recruiting and headhunting or lead generation and prospecting. A typical firm in our industry is probably in need of what they’re offering. I have tried to build an atypical firm.
A Wealth of Common Sense
APRIL 6, 2023
I am a glass-is-half-full kind of person and have been getting a lot of feedback from people of late that the world is only getting worse. Here’s a post from a few years ago that lists the immense progress we’ve seen as a species. * “I am not an optimist. I am a very serious possibilist.” – Hans Rosling You don’t have to look too far to find negativity these days.
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The Big Picture
APRIL 3, 2023
The consulting firm Global SWF tracks all the important info about Sovereign Wealth Funds (SWFs) and Public Pension Funds (PPFs). Its an amazing collection of charts and data. The asset value peak was $33.6 trillion (USD) in 2021; that’s down only slightly to $31.4 trillion as of the end of 2022. Given the rough year markets had in 2022, including all of the held asset classes, it is an impressive, albeit curious showing.
Investment Writing
APRIL 3, 2023
How should you spell the word that may appear in descriptions of an asset management firm’s minimum requirements for clients— “investable” or “investible” ? My gut tells me “investable” with “a” because the definition depends on how much you are able to invest. The case for “investable” over “investible” Merriam Webster’s Collegiate Dictionary includes “investable,” but not the alternative spelling.
The Reformed Broker
APRIL 1, 2023
The prompt: The output, copy-pasted into my blog’s CMS: This is a rainbow stripe! Obviously anyone who knows how to code could have knocked this out in a second without even having to think about it. But how many people don’t know how to code? Most? We’re heading into a future in which not knowing how to do a thing is going to matter much less than ever before.
A Wealth of Common Sense
APRIL 2, 2023
I like to look at both sides of things because so many aspects of life have some sort of balance. You don’t get the good without the bad, the reward without the risk, the pleasure without the pain or the bull markets without the bear markets. This past week I looked at some of the reasons the stock market can make you feel terrible all the time.
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Integrity Financial Planning
APRIL 5, 2023
Photography can be a great hobby to take up in your retirement. It’s a great way to encourage you to stop and smell the roses. With the advent of smartphones and advanced digital cameras, it can be very easy to point a camera at something and get an image you’re happy with. The computers in phones and cameras make the adjustments necessary to get a good-looking photo.
The Reformed Broker
APRIL 1, 2023
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.
A Wealth of Common Sense
APRIL 7, 2023
When Slack co-founder Stewart Butterfield was on the How I Built This, Guy Raz asked him what it was like to become insanely rich (Forbes has Butterfield pegged at $1.4 billion). Butterfield told Raz, “Beyond a certain level of wealth it doesn’t make your life any better.” He framed it in terms of 3 levels of wealth: Level 1. I’m not stressed out about debt.
The Big Picture
APRIL 5, 2023
A quick note before everybody scampers off for the holidays. The impact of Technology on indices since the GFC is indisputable. But if you want to see exactly what their weight looks like on markets over that decade-plus era, check out the Statista video above. Or, you can see Invictus applying Bob Farrell’s rules to the Tosteern Slok’s FANGM work: Time to invoke Farrell’s Rule #7?
Million Dollar Round Table (MDRT)
APRIL 4, 2023
By Joseph Tan, ChFC, CLU When we go into an appointment, we say, “The quality of my advice depends on the quality of the information you give me. If I’m going to do a global risk management project for your finance s , you ’ve got to tell me everything.” I invented a software ; w e have 300 formulas working at the same time. I tell the person, “If you tell me something that’s not accurate, for example how much money you have in the bank or how much stock you ha
The Reformed Broker
APRIL 6, 2023
I’ve been reading Jamie Dimon’s letter to JPMorgan Chase shareholders over the last two days (it’s long) and wanted to check in here to share this bit about what happened with the banking system this spring. He is uniquely positioned to share a point of view on it… The recent failures of Silicon Valley Bank (SVB) in the United States and Credit Suisse in Europe, and the related stress in the bankin.
A Wealth of Common Sense
APRIL 4, 2023
I’m in Florida on Spring Break this week so here’s an excerpt from my book Everything You Need to Know About Saving For Retirement. * When you first set out to save and invest your mindset is often stuck on the idea of becoming rich. As you age and priorities shift, that mindset turns into a fear of dying poor. Do I have enough money saved?
The Big Picture
APRIL 5, 2023
My mid-week morning train WFH reads: • What to Know About TurboTax Before You File Your Taxes This Year : Don’t get tricked into paying for tax prep if you don’t have to. Learn how the biggest tax preparation companies have suppressed free filling options for years. ( ProPublica ) • The Bloomberg Terminal Just Got a ChatGPT-Style Upgrade : The new technology is designed to make searching the terminal simpler. ( Institutional Investor ) see also How Will AI Change Investing?
Million Dollar Round Table (MDRT)
APRIL 2, 2023
By Sandy Schussel Most financial advisors face one or both of these challenges as their business grows: Getting in front of enough qualified prospects Building and working with staff that can support their growth While many of the advisors and agents who have reached out to me over the years have been looking for help with the first of these, increasingly I find myself talking with advisors who have more business than they can handle.
The Reformed Broker
APRIL 7, 2023
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Tony Dwyer, and Downtown Josh Brown discuss how long an inverted yield curve can last, the unemployment rate and recession, bank lending standards, the Fed, commercial real estate, AI, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!
Entrepreneur - VC
APRIL 6, 2023
If you can find ways to balance the differences and unions within your teams, you can discover that a business can be a beautiful example of diversity and an antidote to the echo chambers we find online.
A VC: Musings of a VC in NYC
APRIL 5, 2023
The first project launched this week on our portfolio company Blackbird ‘s platform. It is a friends and family program at a restaurant in Williamsburg Brooklyn called Gertie. Blackbird wrote about it today on their excellent Supersonic blog : Throughout, when you tap Gertie’s Blackbird-powered NFC chip (shown above), wonder awaits. On the first tap, a free cookie sourced from a nearby bakery comes your way.
Tucker Advisors
APRIL 4, 2023
Why are older adults working longer? By Sam Deleo Tucker Advisors Senior Content Specialist/Editor Follow Follow Follow Follow Follow Follow We are about to experience a major transformation of our labor force in the United States. Is it the change we want? Forty years ago, the federal government lengthened Social Security’s full retirement age (FRA) from 65 to 67, and increased the delayed retirement credit.
The Reformed Broker
APRIL 4, 2023
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: ►Inflation Cooling – “Excluding food and energy, the Fed’s preferred inflation gauge — the personal consumption expenditures price index — rose 0.3% in February after the prior month was revised down.
XY Planning Network
APRIL 3, 2023
3 MIN READ Raise your hand if you've ever wondered how you can boost your productivity and become more efficient. ? If it often feels as if your to-do list never ends with administrative tasks and compliance management, on top of your regular client meetings, you’re not alone! That’s why we invited XYPN members Raquel Hinman, CFP® , and Michael Reynolds, CFP®, CSRIC®, AIF®, CFT-I™ to share tips and tools they use to increase productivity in their firms.
A Wealth of Common Sense
APRIL 3, 2023
Today’s Talk Your Book is brought to you by USQ On today’s show, we spoke with Tom Miller, CEO and CIO of USQ to discuss investing in commercial real estate in difficult macro environments. See here for USQs special Animal Spirits edition research paper on investing in private real estate. On today’s show, we discuss: An intro to commercial real estate Real estate in Manhattan How debt works with commercial.
Financial Times M&A
APRIL 3, 2023
Testing company is at centre of struggle between genome sequencer, EU regulators and Carl Icahn
The Reformed Broker
APRIL 6, 2023
Final Trades: Pioneer, Oracle, CVS & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.
Financial Times: Moral Money
APRIL 2, 2023
Tiny minority of biggest UK public companies would meet draft government guidelines
A Wealth of Common Sense
APRIL 1, 2023
On today’s show, we spoke with CarDealershipGuy to discuss the car buying process and the ins and outs of the car market. On today’s show, we discuss: CarDealershipGuy on Twitter Michael’s car shopping experience Buying v leasing in today’s market Car supply chain issues The electric car market Getting a loan for a car The Carvana situation Listen here: Charts: Follow us on Facebook, Instag.
Financial Times M&A
APRIL 4, 2023
Endeavor’s $21bn acquisition of wrestling’s WWE is just the latest in a string of ambitious deals
The Reformed Broker
APRIL 4, 2023
Final Trades: Cisco, P&G, Oracle from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.
Financial Times: Moral Money
APRIL 5, 2023
The Xtrackers MSCI USA Climate Action Equity ETF starts trading with $2bn in assets
Tobias Financial
APRIL 7, 2023
Continuously learning, improving, and having the mentality of “let’s see if there is a better way to do this” are key attributes of a Chief Operating Officer of a company. Recently, our COO Edgar Collado was a guest on The COO Roundtable podcast by PFI Advisors hosted by Matt Sonnen. Edgar spoke about Tobias Financial Advisors, the COO role from both the day-to-day operations of a firm to a high-level and the strategic point of view.
Financial Times M&A
APRIL 4, 2023
Goldman Sachs, Bank of America and Credit Suisse unload remnants of deal struck in the easy money era
Conneqtor
APRIL 6, 2023
Are you a financial advisor who’s feeling overwhelmed and struggling to find balance in your work and personal life? If so, you’re definitely not alone. Many of us in the financial industry know that burnout is a real risk when we’re constantly working to meet the needs of our clients and build our businesses.
Integrity Financial Planning
APRIL 5, 2023
What does it mean to be an accredited investor? Brian talks about what’s required and what it looks like if you qualify. The options are different for an accredited investor, which has come up for some of his clients in need of creative solutions such as a 1031 exchange. Another question is, are reverse 1031 exchanges legal? Later in the show, Brian shares about helping his clients through a 1031 exchange.
Covisum
APRIL 5, 2023
Income InSight and Social Security Timing Updated The recently released annual trustees report for Social Security stated that the combined funds, which support retirement, disability, and family benefits, will be able to pay the scheduled benefits until 2034.
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