A Wealth of Common Sense

NOVEMBER 3, 2022

A reader asks: My question is how does asset allocation strategy change with your net worth? For example, should someone of the same age with $10 million in net worth have the same allocation as someone with $1 million? The bulk of my career has been spent working in the institutional investment space — mainly foundations and endowments. These huge pools of capital liked to call themselves “sophisticated” invest.

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The Big Picture

NOVEMBER 4, 2022

Since it is late on a Friday, I thought I might share some quick thoughts about the week. I have been wondering, more than usual, about the disconnect between what we see in falling prices and the Federal Reserve’s anti-inflation actions. It is difficult to reconcile Fed rhetoric with the actual price of Goods. One can reach only so many conclusions: Perhaps the Fed is right and everybody else is wrong.

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Financing Finance Portfolios 141

Financial Times M&A

NOVEMBER 4, 2022

In first week as owner, the billionaire has axed management, begun mass job cuts and launched new products

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Sara Grillo

OCTOBER 31, 2022

In this blog, Scott Salaske of Firstmetric and I discuss the proper way to read a Form ADV so that you can get the information you need to make an informed choice and avoid working with a financial advisor who is a lying, deceptive grifter. This is super important for anyone looking to pick a good financial advisor. Don’t go about this decision without doing your research, people!

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A Wealth of Common Sense

NOVEMBER 1, 2022

I’m not a huge fan of the Federal Reserve’s current policy choices. They obviously had to do something about the persistently high inflation but I think they run the risk of overdoing it. The magnitude of their interest rate hikes increases the risk of something breaking in the financial system. The Fed is in a tough spot because they acted too late but also because they don’t want inflation to get so ba.

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The Big Picture

NOVEMBER 3, 2022

Fed Chair Jerome Powell and the FOMC increased the Fed Funds Rate another 75 bps yesterday, to 3.75-4.0%. Markets have given back much of October’s gains fairly quickly. I have been turning this over slowly in my mind, trying to assess their thinking here. I am not sure what models they use, what data they think is most important, what impact their actions will have, and perhaps most importantly, exactly what they are hoping to accomplish.

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Funds 126

Indigo Marketing Agency

NOVEMBER 1, 2022

On his podcast Bridging The Gap , host Matt Reiner recently welcomed our founder, Claire Akin, to dig into the basics of embracing a speciality and the importance of marketing “you” as a person and not necessarily “you” as a brand or company—just to scratch the surface! This is a must-listen for any advisor wondering how to grow their business more naturally and in a way that benefits everyone.

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A Wealth of Common Sense

OCTOBER 30, 2022

Facebook went public in the spring of 2012. In the year before filing to become a public company, the social network brought in $3.7 billion in revenue. The stock price actually fell 50% from May 2012 through September of that year. From that point on it was one of the best-performing tech stocks in the entire market. From September 2012 through August 2021, Facebook shares were up a cool 2000%.

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Public Companies Companies 145

The Big Picture

NOVEMBER 1, 2022

Today and tomorrow the Federal Reserve will hold its 7th Federal Open Market Committee meeting of the year. It is given that we will see a 75-basis point increase Wednesday, but what gets said about the meeting on December 13-14 is even more important. The hopes are the Fed indicates a slower pace of rate increases, perhaps as low as 50 basis points in December.

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Investment Writing

OCTOBER 31, 2022

Do you take the time to define the audience for whom you’re writing? Writers who don’t do this before writing may produce content that doesn’t hit the mark. On this blog, and in my financial blogging book , I suggest how to narrow down your audience. However, I’m always looking for new approaches. That’s why I was intrigued by the chapter on “How to Define Your Audience” in How to Write and Present Technical Information by Charles H.

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Education Financial Services Financing Finance 104

Financial Times M&A

OCTOBER 30, 2022

Tesla chief’s takeover drama drew in a cast of Wall Street powerhouses, Silicon Valley elite — and a few ‘meme-splainers’

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A Wealth of Common Sense

NOVEMBER 4, 2022

There is a lot of negativity in the world these days and I’m not just talking about bear markets, recessions and inflation. Negativity is much easier to latch onto because it fits in a headline or tweet or 30-second news clip. Progress doesn’t fit in a headline because it takes time to play out. The world is far from perfect these days but things really are getting better.

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The Big Picture

OCTOBER 29, 2022

?. This week, we speak with The Jeremies! Professor Jeremy Siegel at the University of Pennsylvania, where he is frequently voted Best professor at Wharton, and is the author of Stocks for the Long Run , Jeremy Schwartz is CIO at Wisdom Tree Asset Management , where he has worked since May 2005. We discuss how why stocks — and real estate, gold, and bonds — have performed over time.

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Asset Management Assets Returns Investors 119

Financial Times: Moral Money

NOVEMBER 2, 2022

Plus, Big Tech isn’t so clean after all

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Financial Times M&A

OCTOBER 30, 2022

Companies place more restrictions on the ability of creditors to sue over refinancing

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Debt Companies 101

A Wealth of Common Sense

OCTOBER 31, 2022

Today’s Talk Your Book is presented by Fidelity Digital Assets: We are live from Boston to discuss Fidelity’s jump into crypto with Fidelity Digital Assets. On today’s show we discuss The origin story for Fidelity Digital Assets What Fidelity Digital Assets has to offer Why Fidelity has a competitive advantage in this space What coins Fidelity focuses on Eth and the proof-of-work to proof-of-stake switc.

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Stakes Assets 98

The Big Picture

OCTOBER 29, 2022

The weekend is here! Pour yourself a mug of Bean Box coffee, grab a seat on the sofa, and get ready for our longer-form weekend reads: • Crypto Story Where it came from, what it all means, and why it still matters by Matt Levine. There was a moment not so long ago when I thought, “What if I’ve had this crypto thing all wrong?” I’m a doubting normie who, if I’m being honest, hasn’t always understood this alternate universe that’s been percolating and expanding for more than a decade now.

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Financial Times: Moral Money

OCTOBER 31, 2022

Plus, a fiery debate around forestry certification, and the corporate crisis surrounding Kanye West

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Financial Times M&A

NOVEMBER 1, 2022

Plus, Charlie Munger and his fellow China bulls pay the price, and the aluminium tycoon who became his own worst enemy

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Covisum

NOVEMBER 4, 2022

We are in a considerably higher inflation environment than we've seen in decades. While the Federal Reserve initially said the inflation is transitory, the high inflation has spanned more than two years. Over the past several months, high inflation has been a top concern for many people , especially those nearing retirement. Financial advisors are uniquely qualified to address these concerns and help clients plan and stress test for inflation.

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The Big Picture

NOVEMBER 4, 2022

BMW’s image as the “ultimate driving machine” was built atop the sportiness of its high-performance coupe models. The “sharknose” E9 was BMW’s elegant flagship coupe sold in the US from 1968-1975. The E9 used an electronic fuel injection system that was state-of-the-art technology back then (most cars were still using carburetors). 200 HP made the 3.0 CSi really fast (at least for those days).

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Integrity Financial Planning

NOVEMBER 1, 2022

During your saving years, your main goal is to accumulate wealth so that you have the resources to achieve a comfortable retirement. But that is just half the battle. How you use your savings to cover your living costs is the real key to living the retirement you dream of. You may have done some research on what strategies you can use to provide yourself with the income and liquid cash you need to cover your expenses in retirement and come across a few general, cookie-cutter strategies, such as

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Financial Times M&A

NOVEMBER 1, 2022

Supermarket says up to 1,300 staff affected will be offered jobs elsewhere after it bought the convenience chain in May

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XY Planning Network

OCTOBER 31, 2022

3 MIN READ. Per Investopdia.com, the term “yield” is defined as the earnings generated on an investment over a particular period of time, expressed as a percentage. Fixed-income investors, in particular, will use a bond’s yield to compare it to other bonds or will use the yield to determine their expected income or return from the bond. Yields can vary based on the type of security, its duration, and other factors.

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The Big Picture

NOVEMBER 1, 2022

My Two-for-Tuesday morning train WFH reads: • Fed Seen Aggressively Hiking to 5%, Triggering Global Recession : Survey of economists sees 75 basis-point hike, then slowing Three-quarters say the Fed will err by doing too much. ( Bloomberg ) see also Cash-Rich Consumers Could Mean Higher Interest Rates for Longer Buoyed by pandemic-fueled savings, consumers and businesses are proving less sensitive to tighter credit—complicating the Fed’s job. ( Wall Street Journal ). • Revenge of the Dow : Chang

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Integrity Financial Planning

NOVEMBER 3, 2022

As generations leave the workforce, retirement culture resets and reshapes in unique ways. You may have seen your parents choose to retire at home or in their community, but Baby Boomers have taken a different approach to retirement by relocating further from their hometowns or staying on the road for their retirement years. If you’re one for adventure, then consider these unconventional vacation and relocation options!

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Financial Times M&A

NOVEMBER 1, 2022

A DoJ decision has drawn praise from Stephen King and other authors

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Million Dollar Round Table (MDRT)

NOVEMBER 3, 2022

By Aleen M. Swofford, CLU, ChFC When you think of yourself as the general manager of your client’s financial plan, you’ll guide the client to successfully achieve their goals and you’ll reach higher levels in your career. In sports, a general manager acquires the best coaches and players to create a winning team. In financial services, the advisor coordinates the client’s financial assets, plans and government programs so they work together harmoniously, creating a win for the client.

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The Big Picture

OCTOBER 31, 2022

My back-to-work morning train WFH reads: • Is the Stock Market Gaslighting Us? A downturn in the market doesn’t always precede a downturn in the economy. Yes, the stock market is forward-looking, but sometimes it sees things that aren’t there. At its low, the S&P 500 was 25% below its high. It’s hard to completely dismiss this as a leading indicator and I’m not here to do that, but while most drawdowns of this magnitude have led to economic contractions, they haven’t always. ( Irrelevant Inv

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Asset Management Private Companies Assets Stock Market 105

Financial Times: Moral Money

NOVEMBER 4, 2022

Plus, ‘The CEO is the least trusted spokesperson’

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Banks 76

Financial Times M&A

OCTOBER 30, 2022

Companies look for alternative sources of funds after share sell-off

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Million Dollar Round Table (MDRT)

NOVEMBER 1, 2022

By Kou Takaku By taking advantage of online meetings, we can handle any case at any point in the process, no matter where the client is and no matter how busy prospects are. Online meetings are ideal for quick drop-in virtual visits with prospects, which is important for building relationships with them. For example, you can ask a client to introduce prospects to you so they can participate in the first 10 minutes of the meeting.

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Prospects 79

Wealthfront

OCTOBER 31, 2022

It’s no secret: Wealthfront is not a bank. We’re proud of this because it’s a huge benefit to our clients. Choosing not to be a bank is what enables us to offer you best-in-class products like the Cash Account that are far superior to what a bank can offer, so you can grow your long-term […]. The post Wealthfront Isn’t a Bank — Here’s Why That’s a Good Thing appeared first on Wealthfront Blog.

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Don Connelly & Associates

OCTOBER 31, 2022

I want to pass on to you an obituary, no pun intended, called ‘The Death of Common Sense’. You may have seen this. If you haven't, it's just extraordinary, and basically it said, "We're mourning the passing of a beloved old friend, Common Sense, who has been with us for so many years. No one knew for sure how old he was. His birth records were lost long ago on bureaucratic red tape.

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