The Big Picture
JANUARY 2, 2023
Merry Christmas, Happy New Year, and all the rest of the seasonal glad tidings for you and yours in 2023. Before we roll up our sleeves and start to engage in the serious business of managing risk in the capital markets, I wanted to share a story that is more in keeping with the spirits of the season. I ran track in high school. My father’s advice when I joined the team was: Find the fastest guy on the team and keep up with him.
A Wealth of Common Sense
JANUARY 2, 2023
Earlier this year I looked at the worst years ever for the U.S. stock market. Well, things didn’t get much better from there. Here’s the updated list: This past year’s 18.1% loss was the 7th worst loss since the 1920s.1 The bond market also had one of its worst years in history. It was easily the worst year ever for the Bloomberg Aggregate Bond Market Index, which dates back to 1976.
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The Reformed Broker
JANUARY 3, 2023
If you’re a financial advisor or a fund manager and you weren’t down 20% last year, you won, basically. The S&P fell into a 20% bear market while the Nasdaq crashed almost 40%. Bonds were down double digits as an asset class. International stocks, while outperforming the US and not down as much, were still down a lot. Except for Turkey, which inexplicably doubled last year – here’s the TUR ETF, The post Think you have it bad?
Investment Writing
JANUARY 3, 2023
Automated tools can improve your financial writing. Proofreading. Some of my favorite tools are Speak, PerfectIt, and Grammarly, as I’ve discussed in “ My three main software tools for proofreading.” They help me with proofreading. I’ve gone into more detail on one of these tools in “ How I use Grammarly to improve my writing.”. If your organization uses Associated Press style, you may like AP StyleGuard, which I discuss in “ AP StyleGuard: the answer to your proofreading prayers?
The Big Picture
JANUARY 3, 2023
Welcome to 2023! Let’s jump into the new year with some fresh observations, some of which are quite surprising: • Astronomical Measures of Time Are Unrelated to Investing : 2023 – a new year! It is natural to hope the flipping of the calendar brings something new and different. But why? It takes the Earth 365 days, 6 hours, 9 minutes, and 9.76 seconds to complete one orbit – to return to its exact same place in space relative to our star, the sun.
A Wealth of Common Sense
JANUARY 5, 2023
A reader asks: Laid off twice, once in 2015, again in 2020 due to Covid. 5 jobs since then, currently VP of Sales at a logistics company. I’ve got about 5 months of household income saved, and for a few years it sat in my Vanguard Brokerage account, earning zero in their stable value fund. Stupid? Maybe, but it was safe. So, where do you recommend people put their funds specifically designated as “Emergency Fu.
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Financial Times M&A
JANUARY 6, 2023
The lender should be attractive to other Gulf bidders but diplomacy will be needed
The Big Picture
JANUARY 5, 2023
Source: Reddit. The post Stocks That Lost the Most Market Cap in 2022 appeared first on The Big Picture.
A Wealth of Common Sense
JANUARY 4, 2023
There were a number of reasons for the large losses in financial markets this past year — the Fed went on a rating hiking rampage, bond yields rose a great deal, inflation hit 40 year highs, there was a war and about a dozen other factors. However, there was also an Occum’s razor answer for the losses in financial markets in 2022. Sometimes the reason asset prices fall is because they went up too much in the f.
Financial Times: Moral Money
JANUARY 4, 2023
Our guide to the year ahead in sustainable business
Financial Times M&A
JANUARY 3, 2023
Diversifications into cyber security are tricky for defence investors to assess
The Big Picture
JANUARY 6, 2023
Source : Bloomberg Billionaires Index. I was in the midst of my analysis of how the Fed would react to softening wage gains in the NFP data, when the markets exploded 2.5% higher. The Fed is very concerned that the perennially underpaid median worker has been seeing wage increases. The past few years follows 3 decades of lagging income. It kinda killed my motivation to write yet another pierce discussing Fed actions.
A Wealth of Common Sense
JANUARY 4, 2023
On today’s show, we discuss: Stock and bond markets shed more than $30tn in brutal 2022 10 predictions for 2022 10 predictions for 2023 Cathie Wood’s grim 2022 is over, next year also looks bad The tech IPO market collapsed in 2022, and next year doesn’t look much better Big banks predict recession, Fed pivot in 2023 Your coworkers are less ambitious, bosses adjust to the new order Here’s.
Financial Times: Moral Money
JANUARY 3, 2023
Sustainability rules and standards common in western jurisdictions are at odds with realities in China
Financial Symmetry
JANUARY 2, 2023
Do you have a mapped-out plan for your future? Do you know the best steps to take to achieve your goals? Financial Planning could be the answer. In a world where 75% of Americans are winging it when it comes … Continued. The post The Importance of Financial Planning appeared first on Financial Symmetry, Inc.
The Big Picture
JANUARY 4, 2023
The Philly Fed’s November State Coincident Indicators snuck out while I was away (1/28/22). There are increasing signs of local distress revealed in the midwest, and lots of softness elsewhere. As detailed here , over the past month, the SCI indicies increased in 30 states, decreased in 13 states, and remained stable in seven, for a one-month diffusion index of 34.
Financial Times M&A
JANUARY 3, 2023
Rival AMC has shown interest in acquiring some of chain’s cinemas in US and Europe
Financial Times: Moral Money
JANUARY 2, 2023
Multiple headwinds have taken some of the shine off investing sustainably, but demand is still growing
A VC: Musings of a VC in NYC
DECEMBER 31, 2022
I like to bookend the New Year holiday with two posts, one looking back at the year that is ending and one looking forward to the year ahead. This is the first of these two posts. The second one will run tomorrow. What happened in 2022 is the bottom fell out of the capital markets and the startup and tech sector more broadly. Back in February 2021, I wrote a post called How This Ends.
The Big Picture
DECEMBER 31, 2022
The weekend is here — AND it’s New Year’s Eve! Pour yourself a mug of Porto Rico Importing coffee, grab a seat by the fire, and get ready for our longer-form weekend reads: • The Backstory of ChatGPT Creator OpenAI : Behind ChatGPT and other AI breakthroughs was Sam Altman’s fundraising—but skeptics remain. ( Wall Street Journal ). • 52 things I learned in 2022 : This year I worked on fascinating projects in energy, media and health* at Magnetic, and learned many learnings. ( M
Financial Times M&A
JANUARY 2, 2023
Any suggestion of new deals should prove unpopular
Financial Times: Moral Money
JANUARY 6, 2023
All our forecasts for the year ahead in one place
Integrity Financial Planning
JANUARY 2, 2023
Approaching 60 is an exciting time. Not only does it come with more wisdom and thrill for a new chapter of life, but it also presents important financial decisions that can affect your life in retirement. If you are turning 59.5 this year, you will become eligible to withdraw from your retirement accounts without penalty. This birthday, and possibly 3 other birthdays that affect your retirement accounts, presents an opportunity to rethink your finances and live a new life.
The Big Picture
JANUARY 5, 2023
My early morning train WFH reads: • Get Ready for the Richcession : Well-off Americans could get hurt more than usual in the next downturn ( Wall Street Journal ). • Why Markets Were Down in 2022 : there was also an Occum’s razor answer for the losses in financial markets in 2022. Sometimes the reason asset prices fall is because they went up too much in the first place. ( Wealth of Common Sense ) see also Observations to Start 2023 : From 2010 through 2021, The S&P500 Index gained 330% — a
Financial Times M&A
JANUARY 2, 2023
It’s shaping up to be another eventful year for dealmaking
Financial Times: Moral Money
DECEMBER 31, 2022
Weaknesses of environmental and social investment positions laid bare by Texas show trial
Integrity Financial Planning
JANUARY 6, 2023
All the macchiato, cappuccino, and espresso lovers know how a sip of coffee easily brightens up your day. Whether you take yours caffeinated or buzz-free, black or milky, sugar-free or candy-sweet, you are a certified coffee enthusiast, and you might be excited to know that 2023 is the year for coffee lovers to come together! Being retired, this is your time to travel across the country and globe, experiencing different aromas and brews of coffee at these upcoming events: The London Coffee Festi
XY Planning Network
JANUARY 2, 2023
7.5 MIN READ. Last summer I hit my five-year anniversary as a team member at XY Planning Network. That means a couple of things, like holy cow time flies, but more importantly, it means it’s time for a sabbatical. XY Planning Network offers team members a one-month sabbatical at their five-year work anniversary, in addition to required vacation time.
Financial Times M&A
JANUARY 4, 2023
Cash offer represents a 23% premium to Tuesday’s closing share price
Financial Times: Moral Money
JANUARY 2, 2023
Longer term, the bonds will cease to exist as a separate asset class
Million Dollar Round Table (MDRT)
JANUARY 3, 2023
By Mark D. Olson, CFP, MSFS Books are a source of fresh ideas that spark growth in my career as a financial advisor. And that growth happens at a deeper level when I discuss the business books I’m reading with my MDRT book club. Below are my five favorite book club picks from 2022. I hope you will find them as insightful as I did. “Exactly What to Say: The Magic Words for Influence and Impact” by Phil M Jones.
XY Planning Network
JANUARY 6, 2023
4 MIN READ. Another year has come and gone in what feels like a blink of an eye. So much occurred in 2022, and we're excited (and anxious) to see what 2023 has in store! As we look back on the good, the bad, and everything else that’s happened in the past year, there’s a lingering question we are left to address (whether personally or for our clients): “What impact do these changes have and what should we brace for?”.
Financial Times M&A
JANUARY 5, 2023
Shares in UK-based emerging market lender spiked 20 per cent on reports of a takeover
FMG
JANUARY 5, 2023
According to the YCharts Client Communication Survey , email is the preferred communication channel for the majority of clients, and frequency and style of communication are essential to client retention. So, how often should financial advisors email their clients? And what should they be sending? The Importance of Sending Frequent Emails. There’s no doubt that email plays an important role in a financial advisor’s marketing strategy.
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