The Big Picture
JANUARY 2, 2023
Merry Christmas, Happy New Year, and all the rest of the seasonal glad tidings for you and yours in 2023. Before we roll up our sleeves and start to engage in the serious business of managing risk in the capital markets, I wanted to share a story that is more in keeping with the spirits of the season. I ran track in high school. My father’s advice when I joined the team was: Find the fastest guy on the team and keep up with him.
The Reformed Broker
JANUARY 3, 2023
If you’re a financial advisor or a fund manager and you weren’t down 20% last year, you won, basically. The S&P fell into a 20% bear market while the Nasdaq crashed almost 40%. Bonds were down double digits as an asset class. International stocks, while outperforming the US and not down as much, were still down a lot. Except for Turkey, which inexplicably doubled last year – here’s the TUR ETF, The post Think you have it bad?
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Investment Writing
JANUARY 3, 2023
Automated tools can improve your financial writing. Proofreading. Some of my favorite tools are Speak, PerfectIt, and Grammarly, as I’ve discussed in “ My three main software tools for proofreading.” They help me with proofreading. I’ve gone into more detail on one of these tools in “ How I use Grammarly to improve my writing.”. If your organization uses Associated Press style, you may like AP StyleGuard, which I discuss in “ AP StyleGuard: the answer to your proofreading prayers?
A Wealth of Common Sense
JANUARY 2, 2023
Earlier this year I looked at the worst years ever for the U.S. stock market. Well, things didn’t get much better from there. Here’s the updated list: This past year’s 18.1% loss was the 7th worst loss since the 1920s.1 The bond market also had one of its worst years in history. It was easily the worst year ever for the Bloomberg Aggregate Bond Market Index, which dates back to 1976.
The Big Picture
JANUARY 3, 2023
Welcome to 2023! Let’s jump into the new year with some fresh observations, some of which are quite surprising: • Astronomical Measures of Time Are Unrelated to Investing : 2023 – a new year! It is natural to hope the flipping of the calendar brings something new and different. But why? It takes the Earth 365 days, 6 hours, 9 minutes, and 9.76 seconds to complete one orbit – to return to its exact same place in space relative to our star, the sun.
A VC: Musings of a VC in NYC
JANUARY 1, 2023
I want to focus this post on the macro environment for tech, startups, web3, and climate because that is where my head is at right now. I believe that sometime in the first half of 2023, the central banks around the world will start backing off the tightening that they have been engaged in as inflation continues to ease and the economy continues to cool.
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Integrity Financial Planning
JANUARY 6, 2023
All the macchiato, cappuccino, and espresso lovers know how a sip of coffee easily brightens up your day. Whether you take yours caffeinated or buzz-free, black or milky, sugar-free or candy-sweet, you are a certified coffee enthusiast, and you might be excited to know that 2023 is the year for coffee lovers to come together! Being retired, this is your time to travel across the country and globe, experiencing different aromas and brews of coffee at these upcoming events: The London Coffee Festi
The Big Picture
JANUARY 6, 2023
Source : Bloomberg Billionaires Index. I was in the midst of my analysis of how the Fed would react to softening wage gains in the NFP data, when the markets exploded 2.5% higher. The Fed is very concerned that the perennially underpaid median worker has been seeing wage increases. The past few years follows 3 decades of lagging income. It kinda killed my motivation to write yet another pierce discussing Fed actions.
A VC: Musings of a VC in NYC
DECEMBER 31, 2022
I like to bookend the New Year holiday with two posts, one looking back at the year that is ending and one looking forward to the year ahead. This is the first of these two posts. The second one will run tomorrow. What happened in 2022 is the bottom fell out of the capital markets and the startup and tech sector more broadly. Back in February 2021, I wrote a post called How This Ends.
A Wealth of Common Sense
JANUARY 4, 2023
There were a number of reasons for the large losses in financial markets this past year — the Fed went on a rating hiking rampage, bond yields rose a great deal, inflation hit 40 year highs, there was a war and about a dozen other factors. However, there was also an Occum’s razor answer for the losses in financial markets in 2022. Sometimes the reason asset prices fall is because they went up too much in the f.
XY Planning Network
JANUARY 2, 2023
7.5 MIN READ. Last summer I hit my five-year anniversary as a team member at XY Planning Network. That means a couple of things, like holy cow time flies, but more importantly, it means it’s time for a sabbatical. XY Planning Network offers team members a one-month sabbatical at their five-year work anniversary, in addition to required vacation time.
The Big Picture
JANUARY 4, 2023
The Philly Fed’s November State Coincident Indicators snuck out while I was away (1/28/22). There are increasing signs of local distress revealed in the midwest, and lots of softness elsewhere. As detailed here , over the past month, the SCI indicies increased in 30 states, decreased in 13 states, and remained stable in seven, for a one-month diffusion index of 34.
Million Dollar Round Table (MDRT)
JANUARY 3, 2023
By Mark D. Olson, CFP, MSFS Books are a source of fresh ideas that spark growth in my career as a financial advisor. And that growth happens at a deeper level when I discuss the business books I’m reading with my MDRT book club. Below are my five favorite book club picks from 2022. I hope you will find them as insightful as I did. “Exactly What to Say: The Magic Words for Influence and Impact” by Phil M Jones.
A Wealth of Common Sense
JANUARY 5, 2023
A reader asks: Laid off twice, once in 2015, again in 2020 due to Covid. 5 jobs since then, currently VP of Sales at a logistics company. I’ve got about 5 months of household income saved, and for a few years it sat in my Vanguard Brokerage account, earning zero in their stable value fund. Stupid? Maybe, but it was safe. So, where do you recommend people put their funds specifically designated as “Emergency Fu.
Financial Times: Moral Money
JANUARY 3, 2023
Sustainability rules and standards common in western jurisdictions are at odds with realities in China
The Big Picture
DECEMBER 31, 2022
The weekend is here — AND it’s New Year’s Eve! Pour yourself a mug of Porto Rico Importing coffee, grab a seat by the fire, and get ready for our longer-form weekend reads: • The Backstory of ChatGPT Creator OpenAI : Behind ChatGPT and other AI breakthroughs was Sam Altman’s fundraising—but skeptics remain. ( Wall Street Journal ). • 52 things I learned in 2022 : This year I worked on fascinating projects in energy, media and health* at Magnetic, and learned many learnings. ( M
Million Dollar Round Table (MDRT)
JANUARY 1, 2023
By Matt Pais, MDRT Content Specialist “I think I have a record for striking out 8-year-olds,” said Michael Paul Hosford , a 17-year MDRT member from Bastrop, Texas. That comes from his experience coaching his daughter’s softball team, an endeavor so important to Hosford that he has a policy not to miss practice or games during the season, even if it affects his work schedule.
FMG
JANUARY 5, 2023
According to the YCharts Client Communication Survey , email is the preferred communication channel for the majority of clients, and frequency and style of communication are essential to client retention. So, how often should financial advisors email their clients? And what should they be sending? The Importance of Sending Frequent Emails. There’s no doubt that email plays an important role in a financial advisor’s marketing strategy.
A Wealth of Common Sense
JANUARY 4, 2023
On today’s show, we discuss: Stock and bond markets shed more than $30tn in brutal 2022 10 predictions for 2022 10 predictions for 2023 Cathie Wood’s grim 2022 is over, next year also looks bad The tech IPO market collapsed in 2022, and next year doesn’t look much better Big banks predict recession, Fed pivot in 2023 Your coworkers are less ambitious, bosses adjust to the new order Here’s.
The Big Picture
JANUARY 5, 2023
My early morning train WFH reads: • Get Ready for the Richcession : Well-off Americans could get hurt more than usual in the next downturn ( Wall Street Journal ). • Why Markets Were Down in 2022 : there was also an Occum’s razor answer for the losses in financial markets in 2022. Sometimes the reason asset prices fall is because they went up too much in the first place. ( Wealth of Common Sense ) see also Observations to Start 2023 : From 2010 through 2021, The S&P500 Index gained 330% — a
Million Dollar Round Table (MDRT)
JANUARY 5, 2023
By Adam Thomas Rex, CFP, AIF Ownership is a theme that we implemented right before COVID. We have an office manager, and one of the things we have really pushed is the idea of, “Hey, you own the marketing process. You own the review process. You own all of these areas.” And our job is to help guide and direct but not overstep our bounds.
XY Planning Network
JANUARY 6, 2023
4 MIN READ. Another year has come and gone in what feels like a blink of an eye. So much occurred in 2022, and we're excited (and anxious) to see what 2023 has in store! As we look back on the good, the bad, and everything else that’s happened in the past year, there’s a lingering question we are left to address (whether personally or for our clients): “What impact do these changes have and what should we brace for?”.
Financial Times: Moral Money
JANUARY 2, 2023
Multiple headwinds have taken some of the shine off investing sustainably, but demand is still growing
The Big Picture
JANUARY 5, 2023
Source: Reddit. The post Stocks That Lost the Most Market Cap in 2022 appeared first on The Big Picture.
Steve Sanduski
DECEMBER 31, 2022
For the eighth time, I begin the New Year with 3 carefully chosen words meant to remind, motivate, and guide me on my road to making the New Year my best year yet. It’s called the My 3 Words exercise. My 3 words are printed at the top of my Daily Outcomes sheet (my prioritized to-do list) so I see them multiple times a day. By being thoughtful when I identify my 3 words and then reviewing them on a daily basis, I have a daily reminder of my key focus for the year.
Financial Times M&A
JANUARY 3, 2023
Diversifications into cyber security are tricky for defence investors to assess
Financial Times: Moral Money
JANUARY 4, 2023
Our guide to the year ahead in sustainable business
The Reformed Broker
JANUARY 6, 2023
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, JC Parets, Steve Strazza, and Downtown Josh Brown discuss why JC is bullish precious metals, Bitcoin’s make or break moment, what Warren Buffett’s buying, value vs growth, and MUCH more. You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!
Wealthfront
JANUARY 5, 2023
When you’re building your savings and managing your finances, it’s important to keep your money somewhere safe. Wealthfront is an exceptionally safe place to keep your savings — arguably much safer than other financial institutions. We know many of our clients are eager to understand the details, and we’re proud to share them. At Wealthfront, […].
Steve Sanduski
JANUARY 5, 2023
Since 2014, I’ve published 678 podcasts and the vast majority were interview shows. In 2022, I published 45 shows. Here are 10 ideas from my top podcasts of 2022 that particularly resonated with me and my audience (in chronological order). 1. Create a “path to partnership” for your team members who want to be on that track with Lisa Salvi. If you have a top team, they want to know what their potential career path looks like.
Integrity Financial Planning
JANUARY 4, 2023
We all want to know that we have enough for retirement when the time comes. Brian answers a question from the mailbag from someone who previously thought she couldn’t afford retirement but has since realized her pension would provide more than she thought. Is it enough to retire though? How do you figure that out? Here are the listener questions Brian answers today: Mailbag: Should I pay off a home with my inheritance?
The Reformed Broker
JANUARY 4, 2023
Investors need to accept we’re in a new paradigm, says Ritholtz’s Josh Brown from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.
Indigo Marketing Agency
JANUARY 4, 2023
If you’re a long-time Indigo client, you’ve probably had the privilege of working with Lori Koepke—a talented and experienced Account Manager and a key contributor to our success here at Indigo Marketing Agency. When Lori first came to Indigo, she was one of about six employees and the only account manager on the team. Lori says, “Even though Indigo has grown so much, there’s still that closeness and camaraderie between team members that I absolutely love and value in a workplace.
Hubly
JANUARY 3, 2023
Today, we’re launching our #ScalingSuccessfully month with a closer look at three best practices for getting new team members onboarded successfully — and the one key step you can take today that will help you implement them.
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