ACTIONABLE ADVICE FOR FINANCIAL ADVISORS: Newsletters and Commentaries Focused on Investment Strategy

Most Recent Articles

Five Habits of Highly Annoying Leaders by Robert Huebscher

What is the role of a leader in creating a psychologically healthy and productive workplace? More specifically, what are the things a leader has to stop doing to help teams accomplish their goals?

Most Recent Commentaries

Economic Atonement by Peter Schiff of Euro Pacific Capital

This Friday is Yom Kippur, the day when Jews around the world ask forgiveness for their transgressions from the year past. Rabbis remind the penitent to dwell on their sins of omission, in which they did nothing when a more thoughtful and proactive action was needed, and sins of commission, in which they actively participated in an unjust action. And while not all economists are Jewish, Gene Epstein the economics editor at Barron's, offered his thoughts on how this applies to the group.

Ebola by Bill O'Grady, Kaisa Stucke of Confluence Investment Management

Last week marked six months since the Ebola outbreak was identified in Guinea. The current Ebola epidemic is the most severe and most complex outbreak of the disease in the history of the virus. This week, we will explore the Ebola outbreak, looking at the origin of the disease and how it has spread and developed into a serious epidemic. Although it is hard to find comparable epidemics due to its complexities, we will look at other disease outbreaks in order to gain a better understanding of the scale of the current Ebola epidemic. We will finish with geopolitical and market ramifications.

Why We Think Tapering Is Tightening by Doug Ramsey of Leuthold Weeden Capital Management

While Fed watchers continue to debate the timing of the first post-2008 hike in the Federal Funds rate (first or second quarter of 2015), we believe the first move toward tighter policy occurred in January when the Fed first reduced the rate of its monthly bond purchases by $10 billion to $75 billion. Our opinion isn’t based on any intricate knowledge of Fed liquidity flows, but simply on the subsequent action of two key stock market segments.

How Vulnerable Is Short-Duration Fixed Income to Fed Tightening? by Rick Harper, Bradley Krom of WisdomTree

In recent research released by the Federal Reserve Bank of San Francisco and echoed in statements by several Fed regional bank presidents, Fed officials have voiced concerns that the market is underestimating the probability and timing of a change in monetary policy.

The Fed Trap by Stephen Roach of Project Syndicate

The US Federal Reserve is grappling with the disparity between its unconventional policy's success in preventing economic disaster and its failure to foster a robust recovery. Given that this disconnect has fueled financial-market excesses, the exit will be all the more problematic – especially for the market-fixated Fed.

Market Internals Continue To Weaken by Steve Rumsey of Optimus Advisory Group

The word "divergence" has crept back into the market vocabulary lately, so let's take a closer look to see what all the fuss is about. The chart below shows the percentage of stocks above their 200-day moving average peaked in the summer of 2013 and has been rolling over ever since.

How Might Stocks Take a Hike? by Milton Ezrati of Lord Abbett

Here's a look at what happened to equities during past periods when the Fed raised rates.

Microcap as an Alternative to Private Equity by Chris Meredith, Patrick O'Shaughnessy of O'Shaughnessey Asset management

Private equity has become a central component of many institutional and high-net-worth investment portfolios over the past decade. While private equity offers potential advantages, it also requires taking distinct risks. This paper highlights an alternative to private equity—microcap equities—which mitigates several of these particular risks.

The Client Calls You Need to Make Today by Dan Richards

It's understandable that advisors get frustrated when clients panic after small declines in the market. Here some strategies to minimize the disruption and actually turn market downturns to your advantage.

The Personality Trait That Puts You at a Competitive Disadvantage by Daniel Solin

The "Solin method" for converting prospects into clients works. And it's a radical departure from the norm. It involves, counterintuitively, less work by the advisor, no selling and very little presenting. That's where I have run into trouble with advisors who exhibit a particular personality trait.

Why You Should Stop Blogging About Investing by Megan Elliott

Now that virtually every advisor is a blogger, it's harder to stand out. There's no shortage of people expounding on financial planning and investing online. Here's what to write about instead.

Career Center by Various

Find career opportunities for firms that seek to add financial advisors and planners to their staff. Read more to find out how to post opportunities at your firm.

A Laser-Focused Client Referral Process by Beverly Flaxington

I am confused about something. I've heard you say we should not ask our clients for referrals, but we should identify clients to approach. Isn't this the same as asking them for help?

Jeremy Siegel vs. Zvi Bodie: Does Equity Risk Decrease Over Time? by David Blanchett, Michael Finke and Wade Pfau

Stocks should be the asset class of choice for the long run, according to Wharton Professor Jeremy Siegel - and he has provided the data to prove it. But that paradigm has been challenged by Boston University Professor Zvi Bodie and others, who have shown that stocks become riskier the longer one owns them. Either view has profound implications for whether equity allocations should increase or decrease over time. Using Monte Carlo simulations, we provide guidance for the advisory profession.

The Tax Harvesting Oasis - A Response to Michael Edesess by Daniel Egan and Boris Khentov

In a recent article, poetically titled "The Tax Harvesting Mirage," Michael Edesess referenced our firm's Betterment TLH+ service and the performance estimate we have published and attempted to estimate the value of TLH on his own. We would like to highlight where our assumptions differ from Edesess' and why we believe ours are appropriate.


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