A Wealth of Common Sense
JULY 31, 2022
Derek Thompson posted this incredible chart from Our World in Data on who Americans spend their time with, by age: These are average numbers but based on this chart the time spent with: Your family peaks at around 15 years old. Your friends peaks at around 18 years old. Your co-workers peaks at around 30 years old. Your kids peaks at around 40 years old.
A VC: Musings of a VC in NYC
AUGUST 1, 2022
Tech:NYC is the industry association for NY’s tech sector. They play a number of important roles and one of them is to educate and inform about the impact of the tech sector in NY. To that end, they launched a valuable resource last month called Innovation Indicators. Innovation Indicators is a dashboard that shows the latest data on the impact of the tech sector on the NY economy.
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The Big Picture
JULY 30, 2022
?. This week, we speak with Bloomberg Businessweek staff writer Hannah Elliott , who reports on the automotive industry with a special focus on hyper-cars, motorcycles, and electric and luxury vehicles. She lives in Los Angeles, where car culture is enjoying a renaissance. NOTE : During the broadcast portion, we had the usual Q&A but in the podcast portion, this turned into a conversation; Hannah made the mistake of asking me a question and we were off to the races of me babbling about cars
Dear Mr. Market
AUGUST 5, 2022
Dear Mr. Market: Dividends! Journalists write about you daily. Investors constantly think and talk about you. Analysts and economists spend their entire careers trying to figure you out. You’re a complex yet simple character, Mr. Market! All that said, today we want to share with our readers a substantial part of you that doesn’t get enough appreciation (pun intended).
The Reformed Broker
AUGUST 2, 2022
When you’re the size that Amazon is and you’re looking for growth, the only thing that could really move the needle for you is to attack a massive market opportunity. How does $4 trillion sound? That’s about what Americans spend directly on healthcare each year. Consider this past week’s acquisition as the solidifying piece of the story.
This is going to be BIG.
AUGUST 1, 2022
Recruiting is hard. Good candidates are hard to find. What tells you this? Well, you can see it. Out of all the candidates that applied to your job post, very few are what you’re looking for and those that are seem to be falling down in the interview. I hear it all the time—and when I hear it, I hear a red flag. Did you hear it? “Applying to our job post.
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A Wealth of Common Sense
AUGUST 4, 2022
A reader asks: For all these new home buyers who bought at massive house prices due to ultra-low rates…will they then get screwed when house prices normalize with ~6% rates being the norm? So like when they sell their home to move, they may be selling at a loss? Is this not a bubble waiting to pop? This is always a possibility. There was a massive pull forward in housing returns these past couple of years.
Investment Writing
AUGUST 2, 2022
Did you know that “OK,” not “okay” is the correct spelling of that familiar expression? If you didn’t know how to spell OK, you have plenty of company, as I discovered when I ran a LinkedIn poll. Origins of OK. The term OK is an initialism. It comes from the misspelling “oll korrect” for “all correct.” Apparently such misspellings were popular in the 1830s, when this term originated, according to “ The Hilarious History of ‘OK’: The English language’s most successful export is a jok
Walkner Condon Financial Advisors
AUGUST 5, 2022
If we think back to the outset of 2021 – which feels more like 10 years ago than a year and a half – it was easy to overlook inflation, while we focused on rolling out COVID-19 vaccines and the start of a new presidency. But the problems we’re currently facing with the rise in inflation were percolating under the surface. . Back in Dec. 2020, the Federal Reserve estimated that the Personal Consumption Expenditure Price Index (PCE) , which excludes food and energy prices, would rise by 1.8%
The Big Picture
AUGUST 5, 2022
My end-of-week morning train WFH reads: • The stock market can be an emotional roller coaster. It shouldn’t be. There’s how you think about investment risk — and then how you feel about it. ( Vox ). • Gen Z Knows What It Wants From Employers. And Employers Want Them. To tap into the creativity of younger workers, and to offset a labor shortage, companies are offering four-day weeks, club memberships and work-from-anywhere flexibility. ( New York Times ) see also You’re Back at the Office.
Covisum
AUGUST 5, 2022
In the absence of Congressional action, multiple provisions of the Tax Cut and Jobs Act (TCJA) will expire at the end of 2025, and tax rules will revert to what they were before the legislation. The TCJA reduced specific tax brackets and increased the standard deduction. Certain charitable gift deductions moved from 50% to 60%. Additionally, the personal exemption phase-out and the limitation on itemized deductions for some filers were eliminated.
FMG
AUGUST 4, 2022
For today’s Advisor Website Showcase, we are joined by Michael Allison of New Lantern Advisors. We sent Michael some of our most in-depth questions so far to see how he handled his website, transitioning into virtual work, and fighting against his kryptonite. Modernize Your Website. The second you open the New Lantern Advisors website, you’re instantly drawn in with a unique and interesting animated set of videos along with a CTA.
Financial Symmetry
AUGUST 1, 2022
Financial Symmetry is thrilled to promote Sam Knighton to Client Service Associate. Sam joined our team in 2019 as our Administrative Assistant and after maternity leave transitioned into a virtual admin role in 2021. Sam brings a focused, compassionate approach … Continued. The post FSI Promotes Sam Knighton to Client Service Associate appeared first on Financial Symmetry, Inc.
The Big Picture
AUGUST 3, 2022
Barry Ritholtz, Ritholtz Wealth Management Chairman and CIO & “Masters in Business” host, discusses risk-reward and the less liquid aspects of the market: “I’m reminded of the words of the great investor, Groucho Marx, who said ‘ I don’t want to be a member of any club that would have me.”. When we look at alternatives and that’s everything from venture to hedge fund to private equity, the ones you can get into tend to not to be the top performing funds.
Elevating Your Business
JULY 30, 2022
Carol Roth (American TV personality, author, entrepreneur, radio host and investor) asks great questions! She recently asked her newsletter readers for our best inflation tips for small business owners. Below are 5 of my best tips PLUS links to so much more. Thanks Carol! Tip 29 by CoachMaria. Get Creative! Give Time! Business. The post 288+ Inflation Tips for Small Business Owners appeared first on Women Financial Advisor Coach Consultant.
Million Dollar Round Table (MDRT)
JULY 31, 2022
By Bryce Sanders Do you remember your first day of school when you were surrounded by new faces and how overwhelming that felt? Eventually, you made friends and felt more comfortable. Now let’s fast forward to today — you’re a successful financial advisor who’s involved in the community and attending social events. It could be a wedding, an art gallery opening night or a fundraiser.
A Wealth of Common Sense
AUGUST 5, 2022
Three random thoughts on personal finance, stock-picking and financial mistakes: Banks are the worst. Got this in the mail this week: In a word — ridiculous. Inflation is over 9%. The Fed Funds Rate is now 2.5% and going higher. You can earn 3% on a 6 month T-bill these days. Yet banks are still paying pennies on the dollar to hold your money.
The Big Picture
AUGUST 5, 2022
VinFast established in 2017 out of Hanoi, Vietnam, was founded by serial entrepreneur Pham Nhat Vuong — he’s Vietnam’s first billionaire and got his start in business selling instant ramen in the Ukrainian market. They plan to sell two all-electric sport-utility vehicles in the U.S. to start: a midsize SUV, called the VF 8, that starts at $40,700, and a larger VF 9, starting at $55,500.
XY Planning Network
AUGUST 1, 2022
5.5 MIN READ. News, fuel, groceries — unless you’ve avoided these recently, you've probably heard that inflation is up. I have seen a lot of threads on what Advisors should tell clients and how they should shift their financial strategy. Yet, there continues to be a vast lack of information about the challenges of being a firm owner as revenues trend down and prices up.
Million Dollar Round Table (MDRT)
AUGUST 2, 2022
By Howard E. Sharfman I learned from some of the late greats in our profession and MDRT, such as John Savage , Ben Feldman , and Sidney Friedman. In exchange for knowledge, they asked me to learn and then share. I would like to share 11 great questions you can use with your clients.
A Wealth of Common Sense
AUGUST 2, 2022
These are the monthly returns in the S&P 500 this year so far: January -5.2% February -3.0% March +3.7% April -8.7% May +0.2% June -8.3% July +9.2% There have been 3 months already this year when the market fell 5% or more. That didn’t happen once last year. It only happened twice in 20201. There were no down 5% or worse months in all of 2017, 2016, 2014 or 2013.
The Big Picture
AUGUST 4, 2022
My morning train WFH reads: • Could This Little European Fund Be the Spark for a ‘Vanguard of Hedge Funds’? Hedge fund replication — which can be thought of as a slightly more complicated version of a stock index fund — just got a big boost from a small fund. Seven years after its launch, an SEI fund is beating all its illustrious peers. That could be enough to finally make this hedge fund replication’s moment.( Institutional Investor ). • Things Are Clear as Mud : This year has been all about i
Financial Times M&A
AUGUST 5, 2022
Ecommerce group expands home technology portfolio but acquisition likely to attract regulatory attention
Million Dollar Round Table (MDRT)
AUGUST 4, 2022
By Xiao Chen, CFP This is one of the major decisions I had to make during my business career. When I started in the financial services profession, I was with a mentor, and she was a very warm person. She taught me a lot — everything that I needed to know to get started. But later on, as I took on more of a management role within the company, there were some fundamental philosophical differences on in how we run our businesses.
A Wealth of Common Sense
AUGUST 1, 2022
Today’s listener mailbag is brought to you by Rocket Dollar: Click here to get the Rocket Dollar Guide to Self-Directed Retirement Plans for free. We discuss: Maxing 401ks and covering income with pensions Indexed insurance products The best investment accounts to open for kids How much to allocate to alternatives Freeing up liquidity from a house Timing the housing market Advice on.
The Big Picture
JULY 30, 2022
The weekend is here! Pour yourself a mug of Volcanica coffee, grab a seat on the beach, and get ready for our longer-form weekend reads: • SEC Enriches Fraudsters, Lawyers as Secrecy Shrouds Tips Program : SEC whistleblower decisions are inconsistent, cloaked in secrecy, often go to clients of agency ex-officials/ Program increasingly busy but has drawn ire of federal courts at times ( Bloomberg Law ). • How colours affect the way you think Our world is awash with a rainbow of colours, but certa
Financial Times M&A
AUGUST 1, 2022
World’s biggest oil producer says deal will help it expand its downstream activities
Financial Times: Moral Money
JULY 30, 2022
When workers like their employer, the organisation’s shares usually show a marked improvement
A Wealth of Common Sense
JULY 30, 2022
On today’s show, we got an update from Meow co-founder Brandon Arvanaghi on the Three Arrows situation, how Meow yields work, and much more. On today’s show we discuss: Meows recent fundraise The 3AC situation Meow lending source options Unsecured vs secured defi applications Where crypto stands today Listen here: Links: Meow homepage Meow Blog Meow gets backing from Tiger.
The Big Picture
AUGUST 4, 2022
“With over 71% of S&P 500 companies finished reporting revenues and earnings for Q2-2021, the revenue and earnings surprises are at their lowest levels since the pandemic recovery began. Revenues are beating the consensus forecast by 2.5%, and earnings have exceeded estimates by 5.6%.” – Ed Yardeni. We enter the dog days of summer with markets coming off of their best July in years.
Financial Times M&A
AUGUST 1, 2022
Electric truckmaker’s deal for battery group is a measured bet on buying and operating a supplier
Financial Times: Moral Money
AUGUST 2, 2022
Decline in sustainable fund investment hits country harder than elsewhere in the region
Integrity Financial Planning
AUGUST 3, 2022
Why does tax planning matter for your retirement plan? Brian talks through the difference it can make and why you should pay attention to it now as a part of your financial plan. When it comes to taxes, should you use the same person that files taxes to do tax planning and retirement planning for you? A CPA is great at filing taxes and looking at what happened the past year, but don’t often do anything with tax planning.
The Big Picture
AUGUST 2, 2022
The transcript from this week’s, MiB: Hannah Elliott on Hypercars & EVs , 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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