This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Today’s edition of “ Nobody Knows Anything ” is about a once-dominant mobile phone maker. Exactly 15 years ago, Forbes’s new cover story lauded Olli-Pekka Kallasvuo, Nokia’s CEO. The headline trumpeted: “Nokia, one billion customers – can anyone catch the cell phone king?” It was posted online October 26, 2007 — 15 years ago today.
There are very few hard and fast rules when it comes to the markets. Nothing works all the time. The greatest investors in the world can go through multi-year periods of underperformance. The dumbest investors in the world can go through multi-year periods of outperformance. These things happen because humans control the financial markets and humans can be erratic at times.
My colleague Ben Carlson asked the question “ Why Isn’t Inflation Falling? ” There are some technical explanations, but before we get there, a quick reminder as to how we got here: The global pandemic forced governments around the world to shut their economies down; everything was closed, from schools to businesses, restaurants, entertainment venues, retail stores, and offices.
Whenever the next recession happens, every human being on the planet can take credit for calling it in advance. Everyone and their brother has been predicting an economic slowdown for months now. I guess when the Federal Reserve tells you they are willing to throw the economy into a recession to slow inflation, you should believe them. The weird thing is it would be hard to say we’re in a recession right now.
is Mr. Market daring Jerome Powell to keep raising rates? That’s one way to read into today’s surging market — Nasdaq up 2.9%, the Dow tacking on over 800 points (2.6%), and the S&P 500 added 2.5%. Despite the carnage in big-cap tech stocks like Facebook, Amazon and Google, the Nasdaq is up 2% for the past week. The S&P500 has gained nearly 4% for the week, and is up almost 7% for the past 30 days.
One of the most frequently used analogies in the personal finance space is the similarities between staying physically fit and staying financially fit. Success in both your finances and your health requires some fairly simple rules. To stay healthy you have to eat right and exercise regularly. To build wealth you have to spend less than you earn and invest the difference.
Many advisors have a variety of financial planning software solutions to help them meet their clients' needs. There is software to help you create and organize your client database, manage portfolios, optimize Social Security benefits, market your practice, and more. But relying on several different tech tools can cause some headaches. They may claim to integrate, but how well do they?
The Rolls Royce Spectre is the first electric car to come from the luxe auitomasker (owned by BMW); its all-electric powertrain produces 577 horsepower and 664 pound-feet of torque. The stats are impressive: 0-to-60 mph = 4.4 seconds. Top speed of 155 mph. 577 horsepower and 664 pound-feet of torque. Total driving range 260 miles. Charge from 10-80% full in 34 minutes.
Category: Clients Risk. The coronavirus outbreak has wreaked havoc on people’s daily lives and the financial world. When it comes to their investment portfolios many tend to have a low-risk tolerance and with the unsettling economic situation with the ongoing pandemic, the word “risk” has become even more of a fearsome word for clients. However, amid these fears, it has become difficult for financial advisors to explain to clients that taking appropriate risks is deemed necessary in order
We discussed how ephemeral and short-lived great success can be yesterday in Can Anyone Catch Nokia? As I was writing it, I had no idea it was a metaphor for what would happen a few hours later, a coincidental preface to a discussion about another mega-cap tech — META, aka Facebook. I asked Scott Galloway about which of the Four firms was most likely to falter, we (more or less) agreed that it was Facebook.
By Bryce Sanders You know you provide a valuable service and help make people’s lives better, but the public also sees what the film and television industry portray — which could be negative and flawed. How then can you get the message to your friends and prospects that you excel at making a difference in the lives of your clients and their families?
My end-of-week morning train WFH reads: • For Diving FAANG Stocks, It’s the End of an Era : The five FAANG stocks are on track for their worst simultaneous losses ever, a far cry from their late-2021 highs. The stocks—Facebook parent Meta Platforms, Apple, Amazon, Netflix and Google parent Alphabet—have posted double-digit declines this year for the first time.
Before your generation, retirement had long been perceived as a time when life took a downward turn. But thanks to baby boomers, this perception has radically changed. Baby Boomers have been cool kids since their inception: introducing rock n roll, pop culture, mainstream technology, and now, reshaping retirement into a time of exploration, passion, and learning.
By Duncan MacPherson As a financial advisor, you’re in the knowledge-for-profit business. You think for a living. You’re not selling things; you are promoting the promise of the future. Think about commoditization and all the forces at work, such as fee compression, which can render you into looking like any other advisor. What you do can become very abstract.
This week, we speak with Marta Norton, Chief Investment Officer for Morningstar Investment Management (MIM ). The firm manages or advises on about $250 billion in advisor assets. Norton’s responsibilities include equity, alternative and fixed income research, asset allocation, and portfolio management. Before joining Morningstar in 2005, Norton was an economist with the Bureau of Labor Statistics and a research analyst at LECG LLC.
There are many efforts underway to reduce carbon emissions in order to get to “net zero” But most climate scientists believe that reducing emissions won’t be enough and we will also need to engage in removing carbon from the atmosphere. There are natural ways to do this like reforestation, soil carbon, biochar, etc but there are also “engineered” approaches to removing carbon from the atmosphere.
The weekend is here! Pour yourself a mug of BeanBox coffee, grab a seat in the lobby, and get ready for our longer-form weekend reads: • Rent Going Up? One Company’s Algorithm Could Be Why. Texas-based RealPage’s YieldStar software helps landlords set prices for apartments across the U.S. With rents soaring, critics are concerned that the company’s proprietary algorithm is hurting competition.
For decades, the name of the personal finances game has been an asset or equity growth. High-growth tech stocks grew to dominate the market, some of which have grown to be among the largest companies in the world. And if you owned stock in those companies while they made their meteoric rise, your overall wealth may have ballooned in the process. But how safe do you feel with your wealth in those stocks during a recession?
It’s all about your core audience. I know you’ve heard this a zillion times, all that stuff about a thousand true fans, but that’s not what I’m talking about here. Sure, first and foremost you need a fan base, but once you have one, IGNORE THE EXTERNAL, IT’S A WASTE OF TIME! I know, you’re sitting at home wondering how you can be bigger, how your act can break.
Happy Tuesday! It’s the last “Trending This Tuesday” of the month, and we wanted to close it out with some great reads. From the biggest mistakes that advisors make on social media to image optimization, giving great feedback on content and more, be sure to check out this spook-tacular roundup. . 1. 5 Mistakes Financial Advisors Make On Social Media via Advisorpedia.
By Sandy Schussel As I was preparing to present a workshop in Indiana to a room full of young financial advisors, I overheard a small group of them discussing fishing. “Chris,” I called out to one of them at the beginning of the workshop. “When you go fishing, are you looking for just anything that will take your bait, or are you aiming for something specific?”.
6 MIN READ. Hint: Think Community. It’s been two weeks since the 8th annual XYPN LIVE in mile-high Denver, CO. Nearly 850 fee-for-service advisors, XYPN members, keynote speakers, exhibitors, and team members from all over the country came together to re:imagine, re:define, and re:invent the conference experience. After two years of pandemic living, our goal was to help attendees re:connect and take financial advising to the next level.
64
64
Input your email to sign up, or if you already have an account, log in here!
Enter your email address to reset your password. A temporary password will be e‑mailed to you.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content