The Big Picture
AUGUST 26, 2022
I had a fascinating conversation with an old friend who has been working in a giant bulge bracket firm his entire multi-decade career. What made this particular conversation so intriguing was his sudden epiphany about the Sell-side. Our previous discussions (debates really) were over the traditional model of brokerage I push back against versus the fee-based fiduciary asset management I embrace.
A Wealth of Common Sense
AUGUST 21, 2022
There was a question posed on Twitter this week that caused a stir among finance people: A 50% chance of winning $50 million would equate to an expected value of $25 million. Why would you take $1 million against an expected payout value of $25 million? That doesn’t make any sense. If you understand probabilities, you hit the green button. Easy right?
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The Reformed Broker
AUGUST 22, 2022
Sharing this chart from Guggenheim showing that the S&P 500’s bear market bounce literally stopped on a dime and was turned away at the 200-day moving average. It’s almost too perfect. We manage our tactical portfolio based on technically-oriented rules not because it always works (it doesn’t!) but because it eliminates feelings like fear or fear of missing out from the decision-making process.
Million Dollar Round Table (MDRT)
AUGUST 21, 2022
By Antoinette Tuscano You may be a genius financial advisor, but without clients, you won’t be a successful financial advisor. A dynamic marketing strategy is critical to attracting the clients you can best serve. In the following three MDRT videos, you’ll find a variety of ideas to keep your prospecting pipeline flowing and your schedule full: Gain clients through media exposure.
The Big Picture
AUGUST 25, 2022
Over the years, I have been involved in a fair share of investment conferences. This began with the Big Picture Conference at the New York Athletic Club, post-GFC. I had flipped bullish in March 2009, but I have vivid recollections that Fall of listening to Jim O’Shaughnessy of OSAM explain the history of markets following a 50+% crash. He was even more bullish than I was, and had the data to back it up.
A Wealth of Common Sense
AUGUST 23, 2022
Ryan Detrick shared a stat last week that should put stock market investors at ease with the recent rally: Here is Ryan’s data to back this up: And the chart: This sounds pretty good to me and it makes sense intuitively. Bear market rallies are a common occurrence but not to this degree. So are we out of the woods? Maybe? The problem is that although it appears we have skirted a recession for the time being, it&#.
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Integrity Financial Planning
AUGUST 21, 2022
Even though you’re a long time away from needing long-term care, now is the time to plan. An estimated 70% of Americans currently age 65 will need long-term care at some point, and costs can be staggering. 14 If you have a 70% chance of needing long-term care, you should think about how you would like to receive it and how you’ll pay for it in the future.
The Big Picture
AUGUST 24, 2022
When it comes to integrating data with investing insights, no one is better than Ben Carlson. I direct you to today’s “ Exceptions to the Rule, ” where Ben dives into the nitty gritty of the conflicting data between market action and inflation data: BULL : The S&P 500 has recovered half of its 2022 bear market losses. When this has occurred in the past, stocks have never moved back to new lows, and have been higher every time a year later.
A Wealth of Common Sense
AUGUST 25, 2022
A reader asks: Hey guys please explain why an inflation-linked bond could have lost money this year with inflation at 9%. I’ve been getting this question a lot lately. How could bonds that have an implicit inflation kicker be down almost 7% this year? Treasury inflation-protected securities (TIPS) are one of the most peculiar assets in the investment universe.
The Reformed Broker
AUGUST 20, 2022
It was a quiet week here at TRB as we had more than a dozen employees come in to New York from around the country to spend some time at the Mother Ship in midtown Manhattan and out here on Long Island. It’s cool to see RWM people who have never met each other in-person before solidify the relationships they’ve begun building on Slack and Zoom and Google Meet.
Financial Symmetry
AUGUST 22, 2022
What if you could take action now so that you have significantly more tax-free savings to utilize in retirement? On this episode of Financial Symmetry, we’ll take a look at an often misunderstood tax planning opportunity. The Roth conversion is … Continued. The post Roth Conversion by the Decades, Ep #171 appeared first on Financial Symmetry, Inc.
The Big Picture
AUGUST 22, 2022
Barry Ritholtz, Ritholtz Wealth Management Chairman and CIO & “Masters in Business” Bloomberg Radio & Podcast Host, says he looks at the sell-off in the first half of 2022 as a “cyclical bear within a longer secular bull.” Cyclical Bear Within a Secular Bull: Ritholtz. Source: Bloomberg , August 19th, 2022. The post Cyclical Bear Within a Secular Bull appeared first on The Big Picture.
Elevating Your Business
AUGUST 26, 2022
Do you have a vision? Sarah Hughes, the Olympic gold medal ice skater, had hers at age six. Joseph Campbell, the folklore author, found his after visiting the Museum of History in New York City. Oprah Winfrey remembers, at age four, watching her grandmother washing clothes by boiling them—Oprah "knew" then that her life would. The post Deliberately Designing a Vision for the Next 12 Months and Beyond appeared first on Female Financial Advisor Coach.
A VC: Musings of a VC in NYC
AUGUST 22, 2022
Joe Hovde wrote a blog post about AVC last week. He analyzed all of the blog posts on AVC to find trends and other interesting tidbits. He charted the number of posts a month I have written here over the last nineteen years. He observed: he treated the blog similarly to a twitter account before Twitter blew up, and then settled in to a daily posting habit for the next 15 years, slowing down a bit in the last 2.
Million Dollar Round Table (MDRT)
AUGUST 23, 2022
By Mariam Tinwala As a financial advisor, how you handle objections shows clients how you prioritize their best interests. The following method of objection handling, which is a two-pronged approach of process and then mindset, can help you become a more effective advisor who communicates care and concern for clients. The process. Concerns and objections from the client are expected.
The Big Picture
AUGUST 22, 2022
My back-to-work morning train WFH reads: • How to Beat the Stock Market Without Even Lying : Stock funds have been pulling a switcheroo to make their returns look better: When they don’t measure up, they change how they measure. ( Wall Street Journal ). • Remote Work Is Sticking : About a third of all service work and just under 10% of manufacturing work in the region was being done remotely—a huge jump from 8% and 3%, respectively, before the pandemic. ( Liberty Street Economics ) see also Pizz
Elevating Your Business
AUGUST 23, 2022
A Mission Statement is about your clients, their results when they work with you, and the benefits of working with you. A Mission Statement is no longer than eight words. A Business Vision Statement paints a picture of your company goals and your growth. It’s usually a paragraph or a few sentences in length. Essentially, The post Mission Statement vs.
A Wealth of Common Sense
AUGUST 26, 2022
I don’t make a lot of predictions because, well, predicting the future is hard. The problem with predictions is there is almost always something that comes out of left field that derails even the most informed projections. I predicted the following in March 2020: Potential real estate boom following the quarantine as ppl constantly notice all the little things about their houses they don’t like?
Financial Times M&A
AUGUST 25, 2022
Delaware court stops short of granting Tesla chief’s other ‘absurdly broad’ requests in legal fight over $44bn deal
The Big Picture
AUGUST 23, 2022
My Two-for-Tuesday morning train WFH reads: • Inflation Is Up Everywhere, But How Much Depends on Where You Live : The Northeast isn’t feeling the pain as much as the South or Mountain West, This could have political implications in the 2022 midterms. ( Businessweek ) see also Why the Rent Inflation Is So Damn High It’s just the latest chapter in the “everything is weird” economy. ( The Atlantic ). • The Biggest Life Event That No One Talks About : Graduation, first job, marriage, kids, divorce,
Elevating Your Business
AUGUST 21, 2022
For Immediate Release Maria Marsala 360-271-8418 ria@ElevatingYourBusiness.com Free Vision Statement Masterclass for Female Financial Advisors & Professionals Business and life coach Maria Marsala from Elevating Your Business shares a method for developing business vision statements—preparing business owners and executives to design their dream business.
Financial Times: Moral Money
AUGUST 21, 2022
From sleeping in the woods to hugging trees, ‘experiential learning’ aims to help workers identify with company values
FMG
AUGUST 24, 2022
Financial advisors have to face plenty of challenges in their pursuit of success. Being a financial advisor is a tough gig despite both triumphs and failures. What separates good financial advisors from great ones is their ability to build and enact marketing plans. A marketing plan is the advertising strategy a business takes to sell its product or service.
The Big Picture
AUGUST 26, 2022
My end-of-week morning train WFH reads: • Hope You Enjoyed the Summer Rally : The easy money has already been made (probably). ( Businessweek ). • Powell Has Chance to Reset Market Expectations at Jackson Hole : Fed chair will speak amid high inflation, investor optimism ECB, BoE officials also set to attend annual Fed conference. ( Bloomberg ) see also The NY Fed vs Larry Summers : Some pundits were right on high inflation but for the wrong reasons. ( Financial Times ). • An overlooked indicato
Elevating Your Business
AUGUST 21, 2022
There are many ways to create a vision statement for your life and business. Below are just a few more methods to keep your vision at the forefront of your life. Your vision is not made of stone. Please don’t hold on to a vision that is no longer serving you. Visions change – a. The post 13 Ways to Create a Vision for Your Business and Life appeared first on Female Financial Advisor Coach Consultant for Women.
A Wealth of Common Sense
AUGUST 24, 2022
Today’s Animal Spirits is brought to you by Nasdaq and Composer: See here for daily news and insights from Nasdaq. See here for more info on Composers’ rules-based strategies On today’s show we discuss: US mortgage lenders are starting to go broke Housing slowdown starts to ease as a drop in listings hampers supply Even with sales down, home prices are up 10.8% Homebuyers are backing out of deals T.
Million Dollar Round Table (MDRT)
AUGUST 25, 2022
By Matt Pais, MDRT Content Specialist It can be difficult for clients to think about the possibility that an illness or injury could prevent them from working and what that would mean for their income. Even if they’re willing to think and talk about it, they may believe they have enough coverage through their employer. That’s where advisors’ insight and communication strategies come in.
The Big Picture
AUGUST 20, 2022
This week, we speak with Bill Browder, who is head of the Global Magnitsky Justice Campaign and author of the recently released “Freezing Order: A True Story of Money Laundering, Murder and Surviving Vladimir Putin’s Wrath.” The founder and CEO of Hermitage Capital Management, which was the investment adviser to the largest foreign investment fund in Russia until 2005, Browder is also the author of “ Red Notice: A True Story of High Finance, Murder and One Man’s Fight for Justice.
Financial Times M&A
AUGUST 23, 2022
First big media play by Asia’s richest man stokes fears over editorial independence in the country
Financial Times: Moral Money
AUGUST 24, 2022
Ten financial groups face potential pension fund divestment after claim by US oil-producing state
XY Planning Network
AUGUST 22, 2022
6.5 MIN READ. Inflation has become one of the dirtiest words of the year. We feel it at the pump, at the grocery store, and we feel it within our firms. But in the lead-up to some of the highest inflation rates we have seen in many members’ lifetimes, there is an opportunity for strategic adjustments within your firm that can lead to more innovation, higher profitability, and more inclusion.
The Big Picture
AUGUST 26, 2022
The Lincoln Continental began life as a personal vehicle for Ford Motor Company President Edsel Ford. In 1938, Ford commissioned a one-off design from company Chief Stylist Eugene T. Bob Gregorie. In what would give the model line its name, the exterior was given European “continental” styling elements, including a rear-mounted spare tire.
Financial Times M&A
AUGUST 25, 2022
Plus, bankers and lawyers search for a way around Biden’s new buyback tax and controversial financier Lars Windhorst tells DD he’s good for the money
Diamond Consultants
AUGUST 23, 2022
If changing firms made sense to these $1B+ financial advisors, what lessons can be learned by those who manage less but aspire for more? When it comes to advisor movement, there’s no doubt that the disruption and hassle of changing firms or models are real. So, the upside in a new opportunity must be more than “better enough,” solving for frustrations and limitations an advisor may be experiencing.
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