A Wealth of Common Sense

FEBRUARY 24, 2023

Three thoughts on the trade-offs involved in the economy, markets and life: 1. There is no such thing as a perfect economy. This was the general environment for the 2010s: Low GDP growth Low inflation Stagnating wages A slow labor market High(ish) unemployment rate 0% interest rates A booming stock market This is the post-pandemic 2020s (so far): Higher GDP growth Higher wage growth Higher inflation A booming labor mar.

Stock Market 145

Stock Market Stock Market 145

The Big Picture

FEBRUARY 22, 2023

Click to download Financial Disasters Yesterday was kind of a fun day: Sure, it was a dark, damp, dreary February morn when I showed up at the Brooklyn Bridge Marriot, but it was also the first time I did a new presentation in front of a live audience since before the pandemic. I do a quarterly update for RWM clients that covers the economy, the markets, and our portfolios every three months.

Portfolios 124

Portfolios Investing 124

Financial Times M&A

FEBRUARY 24, 2023

Sheikh Jassim bin Hamad al-Thani comes from huge wealth and has vowed to bring success back to the club

Bidding 102

Bidding 102

Financial Times: Moral Money

FEBRUARY 23, 2023

While its founder plots US presidential run, ETF provider presses ahead with challenges to proxy advisers

Funds 101

Funds 101

A Wealth of Common Sense

FEBRUARY 23, 2023

A reader asks: I am in my mid-40s and have been running my own RRSP (Canadian 401k) for a while now. I have almost no exposure to bonds. I ran it by an advisor and her reply was why would you want bonds? They had been paying next to nothing for years. They don’t seem to even go up when stocks are going down. I can see her point. Instead of bonds I have been buying ETFs with a covered call component for what would be the.

Hedge Funds 145

Hedge Funds Funds 145

The Big Picture

FEBRUARY 20, 2023

Very useful dashboard via the St. Louis Fed, which maintains the fabulous FRED database. With a clean and simple interface, it puts all of the key economic indicators the FOMC tracks — Real GDP Growth, Unemployment Rate, PCE Inflation, Core PCE Inflation, and the Federal Funds Rate — in one convenient location. The Macro Snapshot also dives deeper into three core aspects of the economy: 1.

Funds 122

Funds 122

Financial Times: Moral Money

FEBRUARY 24, 2023

Top 50 public companies pay out the majority of rewards for carbon emissions goals

Public Companies 98

Public Companies Companies 98

A Wealth of Common Sense

FEBRUARY 21, 2023

Bloomberg asked investors from around the globe one of the most important questions in all of personal finance: How much is enough to retire comfortably? The results were a tad on the high side: The average number came in somewhere between $3 million and $5 million. One-third of respondents said $3 million while another third said it was closer to $5 million.

Financing 145

Financing Finance Investors 145

The Big Picture

FEBRUARY 24, 2023

My end-of-week morning train WFH reads: • The Fed alone cannot bring inflation down : Management of demand is not efficient in dealing with supply-driven price rises: fiscal policy must play its part.art ( Financial Times ) • When a savings account is very risky : Compound Banc pays an eye-popping 7% on deposits — or at least things that look and feel a lot like deposits.

Buyout 115

Buyout Debt Prospects Accounting 115

Financial Times M&A

FEBRUARY 21, 2023

Canadian miner completes shift out of fossil fuels amid mounting criticism of sector

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Financial Times: Moral Money

FEBRUARY 20, 2023

Champion of low-cost trackers warns against expecting superior returns from ESG funds and alternative strategies

Asset Management 98

Asset Management Assets Funds Returns 98

A Wealth of Common Sense

FEBRUARY 20, 2023

We bought our first home in late 2007. Our rate at the time for a 30 year fixed was something like 6.25% or 6.5%. It didn’t seem high at the time but then again we didn’t have 3% rates in the rearview mirror to compare it to. Housing prices were obviously a lot lower back then as well (and going even lower for a few more years after that).

Financing 131

Financing Finance 131

The Big Picture

FEBRUARY 18, 2023

 This week, we speak with Tim Buckley , who is chairman and chief executive officer of Vanguard. Buckley has been with Vanguard for 32 years and has been CEO for the past 5. Previously, he was chief investment officer and chief information officer, overseeing the company’s internally managed stock, bond, and money market portfolios as well as its investment research and methodology.

Buyout 115

Buyout Assets Debt Portfolios 115

Financial Times M&A

FEBRUARY 22, 2023

Plus, missing Chinese dealmaker Bao Fan’s plan to move money to Singapore and Apollo finds a new board member in Washington

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Financial Times: Moral Money

FEBRUARY 19, 2023

The sector is attracting big inflows — but with them come fiercer competition and closer regulatory scrutiny

Private Equity Firms 98

Private Equity Firms Private Equity Firms Investing 98

A Wealth of Common Sense

FEBRUARY 20, 2023

Today’s Talk Your Book is brought to you by Jensen Investment Management: We had Kevin Walkush, Portfolio Manager at Jensen Investment Management on the show to discuss investing in quality businesses. On today’s show, we discuss: Jensens quality thesis What Return on Equity is Sector dynamics within the quality factor Discounted cash flow assumptions How to react when the facts change Forward-looking funds vs backw.

Investing 108

Investing Portfolios Funds Returns 108

The Big Picture

FEBRUARY 21, 2023

 Transcript: Tim Buckley, Vanguard’s CEO The transcript from this week’s, MiB: Tim Buckley, Vanguard’s 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. ~~~ ANNOUNCER: This is Masters in Business with Barry Ritholtz on Bloomberg Radio.

Funds 111

Funds Assets Returns Mutual Funds 111

Financial Times M&A

FEBRUARY 20, 2023

US businessman is still open to securing new investment for football club

Investing 98

Investing 98

Financial Times: Moral Money

FEBRUARY 24, 2023

Also in today’s newsletter, a call to turn UK utilities into public benefit corporations

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Indigo Marketing Agency

FEBRUARY 23, 2023

If you’ve been with Indigo for a while, you may have noticed our logo update and website refresh. We may have a new look, but we are still offering the same great custom content solutions and personalized marketing strategies. In fact, we have even taken this time to expand our services into branding refreshes, logo designs, and updated website copy.

Prospects 97

Prospects Best Practices Assets Companies 97

The Big Picture

FEBRUARY 18, 2023

The weekend is here! Pour yourself a mug of Colombia Tolima Los Brasiles Peaberry Organic coffee, grab a seat outside, and get ready for our longer-form weekend reads: • How a shipping error 100 years ago launched the $30 billion chicken industry : The accidental origins of the chicken on your plate, explained. ( Vox ) • A twisted tale of celebrity promotion, opaque transactions and allegations of racist tropes : January 2022 was a time capsule showing the temporary alliance between celebrity ma

Legal 102

Legal Assets Returns Companies 102

Financial Times M&A

FEBRUARY 20, 2023

TCI says buying minority share in Evidian looks like ‘politically motivated bailout’

Hedge Funds 98

Hedge Funds Funds 98

Integrity Financial Planning

FEBRUARY 24, 2023

We celebrate many different major life events as we get older—birthdays, weddings, or the birth of children. Something you may want to celebrate is the end of your working years. Now that you’ve worked to set up a great life after working for so long, it can be a great idea to help avoid those retirement blues and start your retirement off with a bang!

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Covisum

FEBRUARY 21, 2023

As a financial advisor, you know that taxes in retirement are one of your clients’ top stressors. Offering planning services that optimize your client’s tax situation is an excellent way to highlight your expertise — and it makes a compelling selling point for potential clients who are concerned about navigating the tax aspects of their retirement income planning.

Taxes 97

Taxes 97

Million Dollar Round Table (MDRT)

FEBRUARY 21, 2023

By David Trusler, MBA I believe you achieve true happiness and prosperity by serving others with honesty and sincerity. I believe true success is measured by the lives we impact and the communities we serve, not just by the amount of premiums we collect in a year. So, what keeps you motivated? Is this motivation enough to keep you going during difficult times?

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Financial Times M&A

FEBRUARY 22, 2023

Chain has contacted a ‘broad universe’ of about 40 potential suitors since early January

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Integrity Financial Planning

FEBRUARY 20, 2023

The concept of retirement planning is simple. Despite changes in the economy or in life itself, the concept of planning your retirement has remained unchanged. We work, save, retire, and repeat for generations over. But while the concept may be the same, the puzzle has begun to evolve. In other words, individuals and families currently saving for retirement are facing challenges that were previously never considered.

Financing 95

Financing Finance Companies 95

A VC: Musings of a VC in NYC

FEBRUARY 21, 2023

When a new technology comes to market, we often look for “native” applications of that technology. What is a “native” AI application? What is a “native” Web3 application? I have not seen a better articulation of “native” than my partner Albert’s post from 2009 on native mobile applications. He started out by laying out the new primitives that mobile smartphones made available to developers.

Capital 78

Capital 78

Million Dollar Round Table (MDRT)

FEBRUARY 19, 2023

By Bryce Sanders Have you ever heard a client say, “I never knew you did that! You never told me!” I have. Years ago, when I was a financial advisor at my former firm, the company got into the mortgage business. Advisors would receive notifications when clients applied for a mortgage elsewhere and their in-house assets needed to be verified. The advisor would comply, then call the client and say, “We do mortgages.

Assets 92

Assets Companies 92

Financial Times M&A

FEBRUARY 22, 2023

London-listed energy services company has faced pressure from activist investor Sparta to boost share price

Investors 98

Investors Companies 98

The Reformed Broker

FEBRUARY 20, 2023

One of the biggest stories in the markets so far this year is the $100 billion in lost market cap ripped out of Alphabet’s stock when it became apparent that the search giant was going to be under siege by Microsoft’s push into AI. How did such a successful, innovative business like this suddenly find itself in this position? Maybe it wasn’t so sudden.

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Financial Times: Moral Money

FEBRUARY 18, 2023

The ESG initiative pledges to turn companies into forces for good, but some are wary of its growing focus on multinational corporations

Companies 76

Companies 76

Million Dollar Round Table (MDRT)

FEBRUARY 23, 2023

By Matt Pais, MDRT Content Specialist With all the work advisors do for their clients’ financial health, it can be easy to overlook their own needs. This includes MDRT Past President Brian D. Heckert, CLU, ChFC , a 35-year member from Nashville, Illinois. Earlier in his career, thanks to his professional success, he accumulated other businesses including a car wash and multiple shoe stores.

Investing 88

Investing 88

Financial Times M&A

FEBRUARY 21, 2023

Jean-Charles Naouri in talks over merger of retailer’s food operation

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