A Wealth of Common Sense
JANUARY 8, 2023
We have a handful of traditions in my family. We watch the Lions lose every year on Thanksgiving. We wear Hawaiian shirts at holiday dinners (try it…it’s fun). We get Chinese takeout for lunch every year on Christmas day. And we update my asset allocation quilt once a year when the calendar turns (OK that’s just me). Let’s do this.
The Big Picture
JANUARY 7, 2023
This week, we speak with the legendary John Mack, former chief executive officer and chairman of the board at Morgan Stanley. He recently published a memoir of his life and 34-year tenure at Morgan Stanley, “ Up Close and All In: Life Lessons from a Wall Street Warrior.”. We discuss how he ended up on Wall Street because he needed a job when an injury ended his college football career and scholarship.
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The Reformed Broker
JANUARY 7, 2023
Happy New Year everyone! Great to be back in the saddle this week, working with our new president as we prepare for 2023 and beyond. We’ve got lots of projects and initiatives underway at Ritholtz Wealth, some of which you’ll be hearing about from me very soon. This week we went back to our regularly scheduled programming, with fresh episodes of all your favorite shows – What Are Your Thoughts, Animal Sp.
A VC: Musings of a VC in NYC
JANUARY 9, 2023
I read last week that the NYC Department of Education has banned ChatGPT from its networks and devices. I understand that reaction and mentioned the issues that AI/ML create for educators in a post a few weeks ago. I attended a dinner this past week with USV portfolio founders and one who works in education told us that ChatGPT has effectively ended the essay as a way for teachers to assess student progress.
A Wealth of Common Sense
JANUARY 10, 2023
It’s now well-documented that 2022 is one of the worst years in history for financial markets. Last year was one of the worst years ever for stocks and the worst year ever for bonds. The logical next step is to look at what has happened next following the prior worst years for stocks, bonds and diversified portfolios. Past performance tells us nothing about future performance but studying market history can provide.
The Big Picture
JANUARY 13, 2023
My Friday the 13th, end-of-week morning train WFH reads: • F@*$#*! 2022 was a record year for earnings call swearing : The “polycrisis” of runaway inflation, pandemics, interest rate increases, supply chain snafus and wars helped lift swearing on earnings calls and investor days to a new record high in 2022. Good job everyone. ( Financial Times Alphaville ). • Elon Musk Might Never Be the World’s Richest Person Again : It’s not just that he became the first person in history to have $200 billion
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Walkner Condon Financial Advisors
JANUARY 13, 2023
For the first time since 2018, the S&P 500, along with most other major indices had a negative return for the calendar year in 2022. Financial buzzwords like inflation and interest rates appeared constantly in the media and social media, and rightfully so with the role they played. Meanwhile, conflict abroad, unfortunately, came into the spotlight with the invasion of Ukraine, sending a global shockwave that had a large impact financially.
Integrity Financial Planning
JANUARY 13, 2023
Life in retirement can feel a little slow and quiet, especially when you spend lots of time at home, have become an empty nester, or haven’t picked up any new hobbies. Plant parenting is a great way to fill up your time. It invests you in nurturing life, prompts you to learn new things, and engages you in routine. If you are new to it, you may be unsure of what plants to get, which ones are safe and how to properly take care of them.
The Big Picture
JANUARY 7, 2023
The weekend is here! Pour yourself a mug of Tolima Los Brasiles Peaberry coffee, grab a seat outside, and get ready for our longer-form weekend reads: • How Not to Play the Game : Magic beans, Bahamian penthouses, old-fashioned fraud and other important SBF-inspired insights. A postscript to Bloomberg Businessweek’s The Crypto Story. ( Businessweek ). • 99 Good News Stories You Probably Didn’t Hear About in 2022 : The world didn’t fall apart this year.
The Reformed Broker
JANUARY 11, 2023
After December’s trash fire, markets are optimistic, says Ritholtz’s Josh Brown from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.
Financial Symmetry
JANUARY 9, 2023
It is a New Year and time to give your finances a personal checkup! See the list of items below that should be done at the beginning of each year: 1. Set Financial Goals or Create A Financial Plan It … Continued. The post Be Sure to Check Your Financial Vital Signs in 2023, ep #181 appeared first on Financial Symmetry, Inc.
Integrity Financial Planning
JANUARY 9, 2023
The 2022 economic climate has been bumpy for most and, in some cases, even bumpier for retirees. Americans and the world at large dealt with the economic ramifications of the Russia-Ukraine war, post-pandemic industrial effects, and rising inflation and interest rates. As the year ends, it’s important to understand how these economic factors may have affected your finances as a retiree.
The Big Picture
JANUARY 11, 2023
My mid-week morning train WFH reads: • The Fed May Finally Be Winning the War on Inflation. But at What Cost? There’s a good chance that the Fed could push the economy into recession. The pain will not be shared equally. ( New York Times ). • Something big is happening in the U.S. housing market—here’s where 27 leading research firms think it’ll take home prices in 2023.
Covisum
JANUARY 9, 2023
Updated Legislation Means More Changes That Advisors Need To Know. The SECURE Act 2.0 is significant legislation signed into law on December 20, 2022, and is expected to have several impacts on retirement income planning. It contains several provisions designed to improve Americans' retirement security, including later required minimum distributions (RMDs), 529-to-Roth rollovers, and other tax planning opportunities.
A Wealth of Common Sense
JANUARY 13, 2023
I don’t like making big, bold macro predictions. There are too many unknown variables involved and even if I did nail my macro forecast, it probably wouldn’t help my portfolio anyway since the market reaction to the economic data is more important than the data itself. Last week Michael and I were on Plain English with Derek Thompson discussing the confusing nature of the current macro environment.
Million Dollar Round Table (MDRT)
JANUARY 12, 2023
By Matt Pais, MDRT Content Specialist With no shortage of work to be done, it can be difficult to find time for life outside the office. Jonathan M. Owens, CFP, AIF , a 12-year MDRT member from Clackamas, Oregon, sets numerous boundaries to make sure that doesn’t happen. He doesn’t work before 8:30 a.m., and the reason is that he goes to the gym every morning.
The Big Picture
JANUARY 8, 2023
This is about as nice of an example of a vintage 1990s-era 911 Turbo as you will find — but let’s get this out of the way up front: It sold last month for an eye-popping $1,265,000. That is quite an increase from the 1994 dealer selling price of $126,360. Why does a 30-year-old Porsche command 7 figures? As best as I can tell, the combination of rarity, conditions, ultra-low miles, and options made this a bit of a one-off for collectors.
Financial Times M&A
JANUARY 7, 2023
In 2019, International Holding Company was a little-known company involved in fish farms, food and real estate
A Wealth of Common Sense
JANUARY 12, 2023
A reader asks: Should most investors reinvest their dividends – why or why not? My initial thought is while still accumulating assets yes, but when withdrawing in retirement take the dividends in cash. I have read stats that say a large percentage of compound returns come from reinventing dividends so seems like a good move and another way to dollar cost average on a smaller scale but maybe I’m missing something.
Million Dollar Round Table (MDRT)
JANUARY 10, 2023
By Antoinette Tuscano, MDRT Content Specialist Videos about ideas for better client communications topped the list for viewers of MDRT’s YouTube channel for videos posted in 2022. The ideas shared in these videos came from MDRT members throughout the world, yet their advice and wisdom drive to the heart of the matter for clients everywhere.
SEI
JANUARY 9, 2023
Most equity markets finished in positive territory during the fourth quarter of 2022, trimming their losses for the full calendar year.
Financial Times M&A
JANUARY 8, 2023
The proposed Fox-News Corp merger could portend a realignment of the interests of Rupert Murdoch’s children
A Wealth of Common Sense
JANUARY 9, 2023
On today’s show, we are joined by Rodney Comegys, Head of Vanguards Equity Investment Group to discuss index fund investing with Vanguard. See here for more information and research on investing with Vanguard On today’s show, we discuss: Rodney’s background What it’s like to work at Vanguard The back-office work involved in low-cost indexing Debunking misconceptions about indexing Price discovery and.
Million Dollar Round Table (MDRT)
JANUARY 8, 2023
By Antoinette Tuscano, MDRT Content Specialist Why be like every other financial advisor in your area when you can be unforgettable to clients? Try one of these five creative and fun ideas to showcase your personality with flare. Get noticed, boost your referability and build relationships with clients. Delivering coffee for better online meeting attendance.
Financial Times: Moral Money
JANUARY 12, 2023
Despite ESG push, firms continue to compete to work for authoritarian states with records of human rights abuses
Financial Times M&A
JANUARY 10, 2023
Covid-19 vaccine maker is looking to use machine learning to help discover new treatments
A Wealth of Common Sense
JANUARY 11, 2023
Today’s Animal Spirits is brought to you by YCharts: Enter your information here to get 20% off YCharts (new clients only) On today’s show, we discuss: Jeff Bezos may return to helm Amazon, says forecaster of double-digit stock market losses last year Amazon workers joke about Jeff Bezos’s comeback amid Andy Jassy layoffs The 2023 Economy FAQ: Is recession inevitable?
The Big Picture
JANUARY 9, 2023
My back-to-work morning train WFH reads: • Economist Says His Indicator That Predicted Eight US Recessions Is Wrong This Year : Cambell Harvey’s work showed link between curve inversion and growth Strong labor demand, risk avoidance support US economy now. ( Bloomberg ). • Wall Street’s sleuth of bears is growing : Stocks kicked off the new year on a positive note, with the S&P 500 climbing 1.4% last week.
Wealthfront
JANUARY 13, 2023
Tax season is here and it’s time to start thinking about your 2022 tax return. Working on your taxes might seem intimidating, but it doesn’t have to be. Here are eight ways you can get ready for Tax Day, whether you’re working with an accountant or using tax preparation software like TurboTax. 1. Mark your […]. The post 8 Ways to Get Ready to File Your 2022 Tax Return appeared first on Wealthfront Blog.
FMG
JANUARY 11, 2023
2022 has been a wild year, but with all the things that have happened, it’s hard not to look back at it with wonder. From NASA looking at distant galaxies to England giving beavers legal protection. In addition to that, FMG has its Fall 2022 Showcase Roundup to highlight our lovely clients who were kind enough to give us their time and attention.
Diamond Consultants
JANUARY 10, 2023
The new year serves as an inflection point—a reminder that it’s always a good time to get your ducks in a row. The onset of the new year is something of a Rorschach test: You see in it what you want to see. For some, it’s a time of unbridled hope and optimism—a fresh start and a clean slate. For others, it can be a challenging reminder of hardships experienced in the previous year and the continued demands on your time and wallet.
The Big Picture
JANUARY 10, 2023
. The transcript from this week’s, MiB: John Mack, Morgan Stanley CEO , is below. You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~. XXXXX. ~~~. The post Transcript: John Mack appeared first on The Big Picture.
Financial Times: Moral Money
JANUARY 10, 2023
Failure to satisfy index provider on new climate rules excludes 34 groups from widely tracked benchmarks
Financial Times M&A
JANUARY 8, 2023
Acquisitions will be more attractive to consulting business after separation from audit arm
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