A Wealth of Common Sense
SEPTEMBER 25, 2022
Don’t fight the Fed used to be a positive slogan. That’s not the case anymore. If anything, it feels like the Fed wants to fight us, all of us, including the stock market and the economy. The Fed is actively trying to crash the stock market, break the housing market and push the economy into a recession. How do I know this? Because Fed officials are literally telling us this every time they speak.
The Reformed Broker
SEPTEMBER 23, 2022
A recession so contrived and man-made that every economist, politician, business owner, college student, CEO, rapper and professional athlete has been able to see it coming in real-time for months and months… Take a picture, you may never see anything so obviously about to happen ever again. A child could have foreseen it. At a certain point, a person who is charge of price stability should probably look in the mirr.
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Wealthfront
SEPTEMBER 3, 2022
Today we announced that together with UBS we decided to terminate our pending acquisition and will instead remain an independent company. We are continuing to explore ways to work together in a partnership and UBS has given us $69.7 million in financing at a $1.4 billion valuation. I am incredibly excited about Wealthfront’s path forward […]. The post Our Plans to Remain an Independent Company appeared first on Wealthfront Blog.
The Big Picture
SEPTEMBER 28, 2022
Around the world, markets lost 5% or worse just last week. Year to date, the S&P 500 is down more than 23%; the Russell 2000 small caps are off more than 26%; Emerging markets are down almost 28%; and the Nasdaq Tech index is off more than 31%. All jokes aside , September has lived up to its reputation as a challenging month for equities. After the brutal sell-off, a relief rally was due, hence the green on your screen this morning.
FMG
SEPTEMBER 16, 2022
While presentations and town hall meetings still have their place in today’s event landscape there are better ways to host memorable client events. Between choosing a topic, venue, and theme, the possibilities are endless. Even better, with current technology, we’re now able to host virtual events that can be as engaging as in-person ones. . First, let’s talk about some of the benefits of hosting a client event , and then we will cover some creative ways to get your clients and their famil
BlueMind
SEPTEMBER 3, 2022
Category: Clients Risk. Determining the client’s risk tolerance is not an exact science and requires you to communicate with your client. Asking relevant questions will help you determine how willing or averse they are to taking risks, you can guide them to select the best risk directive or model portfolio to achieve their goals. What Does The Word “Risk” Mean For Your Clients?
A Wealth of Common Sense
SEPTEMBER 23, 2022
Earlier this week I posted a chart showing how volatile the stock market has been this year: Things have gotten even more volatile since then. This post prompted the following response from someone on Twitter experiencing their first bear market: Yes, there is precedent for this. These are all of the bear markets since World War II: If anything, it’s surprising the current iteration isn’t down more.
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Million Dollar Round Table (MDRT)
SEPTEMBER 16, 2022
By Matt Pais, MDRT Content Specialist You may not think there are overlaps between being a financial advisor and being a musical theater performer. In his 2014 Annual Meeting presentation, “Passion, perseverance and Puccini,” however, Darryl Lovegrove, who has appeared in the Australian and New Zealand tours of “Jesus Christ Superstar,” demonstrated that his philosophies for success are relevant for anyone looking for motivation, inspiration and focus.
The Big Picture
SEPTEMBER 14, 2022
The First Totally Honest Stock Market Story. FRIDAY’S MARKETS. By Vinnie Foster Wynans III. Staff Reporter of The Wall Street Journal. The market rallied early this morning for reasons nobody understands and nobody predicted. CNBC analysts confidently asserted it had something to do with the Senegalese money supply but others pointed to revised monthly figures showing a poor tuna haul off the Peruvian coast.
FMG
SEPTEMBER 22, 2022
Clients are the lifeblood of every business regardless of industry. Financial advisors especially should make sure customers feel appreciated. To distinguish themselves from others in the industry and make clients feel special. For this exact reason, going the way of surprising and delighting is an excellent tactic in providing exceptional service. When a financial advisor is able to surprise or delight their client, they’re showing through action why that customer made the right choice in
Investment Writing
SEPTEMBER 13, 2022
Do you know the answer to the question I posed in the title of this blog post? Both “sidebar” and “ESG” are words that people in some fields immediately understand, but they perplex many other people. “ Sidebar ” refers to area of text, often placed in a box, to the side of an article. “ESG” is short for “ e nvironmental, s ocial, and corporate g overnance.
A Wealth of Common Sense
SEPTEMBER 11, 2022
Following the Great Financial Crisis of 2008 a number of macro doom-and-gloomers began predicting a collapse of the U.S. dollar. The Fed was “printing” trillions of dollars. Interest rates had never been that low before. It was an appealing narrative if you were someone stuck in the negative feedback loop of the biggest economic crash since the Great Depression.
The Reformed Broker
SEPTEMBER 25, 2022
Okay don’t press the <Buy> because of this but maybe reconsider pressing the <Sell> button if you haven’t already… The AAII sentiment poll hit 60% Bears this week. History says the more pessimistic the investor class becomes, the better the prospective returns look six months out. The way I think about this is that the only thing that could make investors really bearish is a big sell-off in t.
Million Dollar Round Table (MDRT)
SEPTEMBER 7, 2022
By Sandy Schussel A lot of the work I’ve been doing lately with financial advisors starts with their story that they are disorganized and have poor time management. They want me to share tips and strategies for becoming more organized and managing their time better. In most cases, though, their problem isn’t time management at all. It’s a problem that revolves around lacking a clear objective.
The Big Picture
SEPTEMBER 16, 2022
The traditional finance conference was murdered this week. A stake was driven through its heart by innovators tired of the old ways. It was, to be fair, a mercy killing. Living in the past, running on inertia, nobody bothered to tell the patient that it was time to say your goodbyes before we pull the plug. The industry had forgotten why it even exists: To serve an audience that wants to get out of the office, hang with its peers, and learn how to be better at what it does.
Financial Times M&A
SEPTEMBER 4, 2022
Surge in blank cheque company liquidations promises respite from losses due to market downturn
XY Planning Network
SEPTEMBER 19, 2022
9 MIN READ. You've made the decision to launch your firm —c ongratulations! You’re on your way to serving the clients you want, in the way you want, while building a business with enough revenue to live the lifestyle you want. That takes courage and commitment. Now that commitment will be tested as you prepare to launch and build a successful practice.
A Wealth of Common Sense
SEPTEMBER 10, 2022
I’m not a fan of blaming the Fed for everything you don’t like about the markets or the economy. Markets have always been rigged or manipulated. Truly free markets are a pipe dream. You have to invest in the markets as they are, not as you wish them to be. Having said that, the Fed deserves some blame for what’s going on in the housing market.
The Reformed Broker
SEPTEMBER 25, 2022
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.
Million Dollar Round Table (MDRT)
SEPTEMBER 2, 2022
By Adam Thomas Rex, CFP, AIF When we think about gifts for clients, we notice there is a tendency toward repetition: “Hey, this is exactly what their dentist is doing for them.” We have been on a mission to come up with unique ideas of how we connect with our clients from a gift standpoint. T here is a lot associated with it, such as understanding that there are certain amounts of gifts you’re allowed to give before it has to be reported and the importance of keeping a gift log.
The Big Picture
SEPTEMBER 21, 2022
One of the things we know about inflation expectations is that Federal Reserve Chairman Jerome Powell relies heavily on them. He thinks about expectations, gives speeches on them, and uses the data series when enacting Federal Reserve policies to combat inflation. The problem is that all consumer surveys (including inflation expectations) are deeply problematic.
Financial Times: Moral Money
SEPTEMBER 7, 2022
A choice between utopian and dystopian paths is likely to shape business for a decade
Mr. Money Mustache
SEPTEMBER 7, 2022
Let’s jump right to the real news here: There’s a Netflix documentary that just came out TODAY* called Get Smart With Money Somehow old Mr. Money Mustache and several friends got lured into playing a role in making it. And I’m very happy with the results! And you can watch the results here (which will be a huge help to the movie’s success!): [link].
A Wealth of Common Sense
SEPTEMBER 5, 2022
According to Bill Bryson, the visible universe is a million million million million miles across. That’s a 1 with 24 zeroes after it (1,000,000,000,000,000,000,000,000). That sounds rather large. But the universe beyond what we can see is even harder to comprehend: The number of light years to the edge of this larger, unseen universe would be written not “with ten zeroes, not even with a hundred, but with million.
The Reformed Broker
SEPTEMBER 4, 2022
Happy Labor Day Weekend! We did some amazing stuff on the blogs and podcasts this week. Volatile markets really bring the best out in our writers. Hope you’ve been checking out Ben’s blog, Nick’s blog, Animal Spirits, Portfolio Rescue and all the rest this summer. I think we’re balancing a dose of realism about the current situation with plenty of constructive commentary and some optimism about the.
Financial Times M&A
SEPTEMBER 30, 2022
Group seeks ‘collaboration’ with UK luxury brand it has long sought to acquire
The Big Picture
SEPTEMBER 19, 2022
How would you like to buy a Rolex — brand new, with papers and box — for MSRP? Prices have skyrocketed for used timepieces, and it would be perfect to nab that Daytona or Batman you have been eyeballing all pandemic for a reasonable amount of cash. Watch Rapport (link omitted on purpose) has every Rollie for sale up for pre-order at MSRP.
Financial Times: Moral Money
SEPTEMBER 27, 2022
Fund manager with history of bold claims says energy stocks could triple if ESG aims scrapped
Million Dollar Round Table (MDRT)
SEPTEMBER 30, 2022
By Matt Pais, MDRT Content Specialist Sometimes you may see other advisors working more successfully with clients. Fred O’Connor, ChFC, CFP, a nine-year MDRT member from Deerfield, Illinois, says it’s not because those advisors are different from you — they’re just getting in front of the right people. “You see successful people in this business, and some of them have these great clients or they had a big case.
A Wealth of Common Sense
SEPTEMBER 3, 2022
I’m not afraid to wade into The Compound YouTube comments on occasion. Sure, sometimes people on the internet can be mean but once you get over a handful of those comments it’s good to hear some feedback, pushback, further research, jokes, questions and thoughts from your audience. In the comments for last week’s Animal Spirits someone called us out for being too bearish: This was a new experience for.
The Reformed Broker
SEPTEMBER 17, 2022
Here’s a group shot of my team at Ritholtz Wealth and the Advisor Circle group with whom we put on the inaugural Future Proof Festival this week. There are a lot of similarities between our two companies. Barry and I started RWM because we had both reached the point in our respective careers where we’d had enough of watching other firm owners bumble and stumble their way into mediocrity.
Financial Times M&A
SEPTEMBER 29, 2022
New listings on track for weakest level in more than two decades
The Big Picture
SEPTEMBER 6, 2022
So, it was just Labor Day Weekend, and while we all should be out NOT laboring, I spent part of the long holiday weekend thinking about a few of my favorite FRED charts. Rather than include all of my favorites, I set a challenge for myself: Limit the list to the three most telling charts: U3 Unemployment Rate : When has unemployment been lower than today?
Financial Times: Moral Money
SEPTEMBER 9, 2022
Launch coincides with moves by some US states against ESG investing and contrasts with slower progress of similar vehicles in the past
Million Dollar Round Table (MDRT)
SEPTEMBER 19, 2022
By Jaslyn Ng For me, achieving MDRT’s Court of the Table qualification was a combination of many things, and I found there was an order to how those were done. Since Court of the Table is three times the qualifying requirements of MDRT, mathematically it seems like to achieve Court of the Table, we need to put in at least three times more effort. Is that true, though?
A Wealth of Common Sense
SEPTEMBER 7, 2022
I’ve been watching The Offer on Paramount Plus recently. It tells the story of the making of The Godfather, arguably one of the best films of all-time, and how it almost never made it to the big screen. There was an unproven director (Francis Ford Coppola), a one-hit-wonder writer (Mario Puzo), an unproven producer (Al Ruddy) and an eccentric movie executive (Robert Evans).
The Reformed Broker
SEPTEMBER 16, 2022
Thank you all for coming and for all the amazing feedback for the event we threw this week. It was a long time in the making and such a whirlwind. I am still recovering and resting up. I will have more to say soon, but for now here are some great shots of Future proof 2022. The post Pics from Future Proof Festival 2022 appeared first on The Reformed Broker.
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