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Sep 6, 2013

The Weekly Takeaway: The cons of alts seem to outweigh the pros

By Josh Brown

Each week I read all of the important stories affecting your business and investments. Below is the Weekly Takeaway, curated just for you:Five key takeaways from the incredibly mediocre August jobs report just released. (Wall Street Journal)After five long years of economy-related declines, the United States birthrate has finally stabilized. Thank Robin Thicke. (New York Times)Wealthy investors are constantly being pushed into "alternative" investments, but the cons seem to perpetually outweigh the pros. (Aleph Blog)Apple's China business has the potential to become gigantic should China Mobile's 700 million users get access to iPhones. (All Things Digital)There's no longer any such thing as the "typical American household" as traditional nuclear families make up just 19.6% of the total. (Marketing Charts)Joshua Morgan Brown is a New York City-based wealth manager and popular financial commentator on CNBC. You can follow his... Read full post

Aug 30, 2013

The Takeaway: Advisers in the spotlight

By Josh Brown

Before I begin, I just wanted to let you all know that today is my final edition of the daily Takeaways - although I will continue to contribute here at Investment News. Thank you all for the emails, and retweets and comments and encouragement. It's been an amazing year as your curator-in-chief here, thanks so much for reading each day!- JoshPortfolioIt's official, August is the worst market month since May 2012.  (Bloomberg)Mutual fund openings and closings. (Morningstar)You can't be thrilled about this $382 billion in NYSE margin debt right now, just shy of the all-time record.  (Pragmatic Capitalism)The BizHow the spotlight is benefiting some media-savvy financial advisors.  (Reuters)One advisor spent the summer marketing to the ultra high net worth in the Hamptons.  ( money last 100 years.  (Think Advisor)Morgan Stanley not upgrading to BB10 just yet, waiting to see if Palm will make a comeback...... Read full post

Aug 29, 2013

The Takeaway: Bogle brawls with his critics

By Josh Brown

PortfolioIndex investors react to the Nasdaq glitch: "I read the headline about a Nasdaq problem but didn't bother to read the rest..."  (Rick Ferri)Financial TV ratings have never been lower - and this is a good sign.  (Schaeffer's)Tech's giants are truly giant in their index.  (Avondale)The BizI love how Jack Bogle never backs away from a brawl. God bless him.  (Morningstar)Affluent investor confidence hits an eight-month low.  (Millionaire Corner)Kevin Noblet on the relationship between fund company reps and advisors.  (Wall Street Journal)LPL changes its mind on that whole mass-market unit.  (Think Advisor)OutliersThe singing advisor fraud of Oklahoma, who could've seen it coming?  (Investment News)***Disclaimer: Joshua Brown is an investment advisor representative with Fusion Analytics. The content above is for informational purposes only, nothing here should ever be construed as investment advice or a solicitation to trade any... Read full post

Aug 28, 2013

The Takeaway: The most important question before investing

By Josh Brown

PortfolioEmerging market currencies are a bloodbath - the action in the Indian rupee is just breathtaking.  (Bloomberg) and (Reuters)Phil DeMuth: The One Question You Must Ask Before You Invest (Forbes)Goldman previews the September Fed Meeting.  (Zero Hedge)Bond Kings blame the media for massive fixed income fund outflows. Funny, they didn't blame the media for the decade's worth of inflows...  (The Reformed Broker)The BizMerrill Lynch is settling with a class of 700 black brokers who've sued for discrimination, it's the largest such payout in American history at $160 million.  (DealBook)"Hedge funders are all a little bit nuts" - former hedge fund manager Andy Kessler  (Wall Street Journal)Jason Kephart: Fund company wholesalers are driving advisors crazy.  (Investment News)So you want to throw a client appreciation event...  (Think Advisor)BREAKING NEWS: There's a substantial scientific link between wealth and narcissism, stop the... Read full post

Aug 27, 2013

The Takeaway: The next crisis is already here, print the t-shirts

By Josh Brown

PortfolioPotential conflict in Syria has everyone reaching for oil, gold and treasury ETFs again.  (Focus On Funds)Why advisors had better be warning their clients about rising rates.  (Investment News)A dozen things about investing learned from John Maynard Keynes.  (25iq)Carl Icahn's returns and his Twitter accounts.  (MoneyBeat)Seriously, how bad is September for the stock market on average?  (MarketWatch)What would hurt the most investors and traders right now?  (Above the Market)Stephen Roach: The new crisis is the Global QE Exit Crisis, so start printing the t-shirts.  (ProjectSyndicate)The BizHedge fund-of-funds middlemen need to adapt or die.  (Crain's Chicago)How advisors should manage LinkedIn endorsements.  (Nerd's Eye View)TD Ameritrade ramps up its campaign to pull in more advisory firms.  (Financial Planning)OutliersThis is the personality type that is most linked to success.  (Business Insider)***Disclaimer: Joshua Brown ... Read full post

Aug 26, 2013

The Takeaway: Marketing inequality In financial planning firms is growing

By Josh Brown

PortfolioJack Bogle: Who you calling "Parasite"?  (Financial Times)Joe Terranova: We should not be expecting a replay of the Asian Contagion across emerging markets this year.  (Virtus)Larry Swedroe: Momentum is everywhere, including government bonds (CBS MoneyWatch)The BizThe Growing Marketing Inequality In Financial Planning Firms (Nerds Eye View)Rick Ferri: "Even if brokers were required to be fiduciaries at the current standard, there is a difference between following a legal fiduciary standard and upholding a personal stewardship standard."  (Rick Ferri)The investing and finance community mourns the death of pioneer Muriel Siebert.  (ThinkAdvisor)Leo really got inside the head of legendary boiler room king Jordan Belfort for The Wolf of Wall Street.  (Vulture)Younger boomers are being a little too liberal with their IRA withdrawals these days.  (Focus On Funds)Unlike most financial advisers, Fed and exchange officials seem as... Read full post

Aug 23, 2013

The Takeaway: The Ballmer Era at Microsoft c'est fini

By Josh Brown

PortfolioShould Tesla really be the hottest stock on the market? What if I told you they were outselling Cadillac, Chrysler, Porsche, and Mitsubishi in California?  (Slate)Four reasons why even more pain is coming to emerging markets.  (Quartz) Ballmer is out at Microsoft!  (New York Times) and (Quartz) and (Business Insider)The BizMary Jo White, the new SEC chief, vows to look into what's going on at Nasdaq.  (ThinkAdvisor)Blackstone can't wait to get its hands on that sweet, fee-ignorant, ultra-sticky retail mom & pop money.  (Hedgeweek)Hot and sexy RIA-on-RIA action signals a maturing of the industry.  (Financial Planning)The Best of the Best: Top Blogs That All Financial Advisers Should Be Following (Financial Social Media)Bank of America will try to avoid working any more interns to death going forward.  (DealBook)The guys running our economy and exchanges are socially awkward and destroying confidence in their clumsy attempts to... Read full post

Aug 22, 2013

The Takeaway: Nasdaq reopens to wild applause

By Josh Brown

PortfolioNasdaq halts for a few hours inexplicably, reopens and stocks soar. Yeah, I don't get it either.  (CNBC)Deutsche Bank strategist Makoto Yamashita on the prospects of a real U.S. recovery: "LOL"  (BusinessInsider)Mom & Pop investors cannot sell emerging markets fast enough, $18.1 billion pulled from EM funds since June!  (Wall Street Journal)The BizMorgan Stanley takes a million dollar charge over bond pricing to customers.  (Wealth Management)Banyan doubles its AUM to $4 billion on new RIA acquisitions.  (Financial Planning)OutliersEconomists make a suggestion for America's poor and low-income families.  (The Onion)***Disclaimer: Joshua Brown is an investment advisor representative with Fusion Analytics. The content above is for informational purposes only, nothing here should ever be construed as investment advice or a solicitation to trade any securities. Mr. Brown or his firm may be long or short securities mentioned... Read full post

Aug 21, 2013

The Takeaway: Muppet portfolios

By Josh Brown

PortfolioAmericans have no clue about how rising interest rates affect their portfolios.  (The Reformed Broker)Barry on what we see when portfolios come into the firm.  (The Big Picture)Hedge funds have been dumping Apple but they still love them some AIG.  (Focus On Funds)Here's where the 2014 growth is expected to come from for the S&P 500:  (Avondale)Ackman gives a master course in placating nervous investors.  (DealBook)The BizLPL CEO Mark Casady on the state of the firm and what has changed.  (Investment News)Three questions advisers need to ask themselves.  (ThinkAdvisor)Evercore Wealth Management makes key hire to soften its image.  (RIA Biz)OutliersWe found out a bunch of information on when the Fed will start tapering and by how much. Just kidding, the whole thing is still hilariously unclear.  (Yahoo Finance)***Disclaimer: Joshua Brown is an investment advisor representative with Fusion Analytics. The content above is for... Read full post

Aug 20, 2013

The Takeaway: The trouble with low-volatility funds

By Josh Brown

PortfolioA Field Guide to Stock Market Corrections.  (The Reformed Broker)Larry Swedroe on the trouble with low-volatility ETFs.  (CBS MoneyWatch)The technicals suggest patience.  (ChartsEtc)Using REITs as an inflation hedge, with Prudential's Mark Halle.  (InvestmentNews)The BizHow to retain your top 20 clients.  (Financial Planning)Carl Richards: The beauty of setting limits on yourself.  (Bucks)LPL Conference - they brought in the Broker Whisperer to ease advisor anxiety over technological change. I'm guessing there were also probably lots of booths with mutual fund-branded stress balls and tote bags.  Good times.  (ThinkAdvisor)OutliersDid Bank of America just literally work an intern to death? (CNBC) and (DealBook)***Disclaimer: Joshua Brown is an investment advisor representative with Fusion Analytics. The content above is for informational purposes only, nothing here should ever be construed as investment advice or a... Read full post

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