Sunday links: encouraging young families

Did you know you can stay up-to-date with all of our posts via our daily e-mail newsletter? Sign up today! Quote of the Day “Our economy will be stronger when we support and encourage young families to have more children.” (Blair duQuesnay) Chart of the Day Tesla’s market cap now exceeds that of Ford and […]

Saturday links: responsible tourism

Saturdays are the day we catch up with all the non-finance related stuff we didn’t get to during the week. You can check out last week’s edition here. Autos Energy Environment Transport Shipping Travel Science Technology Medicine Fitness Fake meat Restaurants Food Drink Coffee Dogs College Earlier on Abnormal Returns Mixed media

Longform links: appreciating excellence

Saturdays are all about longform links on Abnormal Returns. You can check out last week’s linkfest including a look at how to tell good science from bad in the age of pseudoscience. Quote of the Day “While there is nothing wrong with having wealth or wanting more, this should be of secondary, not primary, importance. […]

Weekend Reading for Financial Planners (Jan 25-26)

Executive Summary Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with the industry news that lawmakers are recommending the Federal Trade Commission investigate Envestnet’s Yodlee over its data-sharing practices, raising concerns that the anonymized data they sell might still potentially be pieced back together by data buyers […]

Friday links: plan continuation bias

Did you know you can stay up-to-date with all of our posts via our daily e-mail newsletter? Sign up today! Quote of the Day “Get-There-Itis is a behavioural bias, which more broadly would be termed ‘Plan continuation bias’. And as with most behavioural biases it’s not confined to airline pilots. We are ALL subject to […]

Podcast links: longform history

Fridays are all about podcast links here at Abnormal Returns. You can check out last week’s links including a look at Spotify’s continued push into podcasting. The biz Finance Tech Non-finance

Qualified 529 Expenses

Money in a 529 plan may be used cover a wide range of expenses related to higher education. As we go through this section, we will also delineate between expenses allowed federally, but may not be allowed by some states. Qualified expenses include tuition and fees related to attendance to the educational institution. It’s important […]

Combine Stealth Action With Stealth Wealth To Be Richer, Happier, & Free

Given the bull market has exacerbated the wealth gap, practicing stealth wealth is a strategically wise move. You don’t want to attract haters just because you decided to diligently save and invest all these years. Instead, you want to blend into the crowd so you can live a carefree life. What I’ve come to also […]

Thursday links: a peculiar balance

Did you know you can stay up-to-date with all of our posts via our daily e-mail newsletter? Sign up today! Quote of the Day “Good investing is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you have made a mistake, early.” (Ryan Krueger) Chart of the Day […]

Startup links: making good decisions

Thursdays at Abnormal Returns are all about startup and venture capital links. You can check out last week’s links including a look at JD Vance’s new venture fund. Quote of the Day “To do well as an investor, you need to do three things: get access to good investment opportunities, make good decisions about what […]

Avoid Short Volatility Products

Photo Credit: Niccolò Ubalducci || Tornados are similar to financial events where volatility erupts. You can predict them in aggregate, but not in specific Remember when I wrote Where Money Goes to Die? Well, short volatility products cratered, but cryptocurrencies treaded water, with a lot of volatility. I am telling you today to avoid short […]

Wednesday links: buggy humans

Did you know you can stay up-to-date with all of our posts via our daily e-mail newsletter? Sign up today! Quote of the Day “Investing is far from easy. It isn’t suited for most. It requires buggy humans to violate every bias and mental shortcut that they come hardwired with.” (Anand Sridharan) Chart of the […]

Three Things You Can Learn This Week

Three weeks into January and the squad is firing on all cylinders. Three things you can learn this week courtesy of Nick, Michael and Ben: You will often hear that there is something wrong or artificial about the current secular bull market because of the relatively high concentration of the FAAMG stocks – Facebook, Apple, […]

Personal finance links: a negative art

Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at how to konw if muni bonds are right for you. Quote of the Day “Money is often a negative art. It has a lot to do with the actions you don’t take and things […]

Coordinating QCDs With Post 70 1/2 IRA Contributions Under The SECURE Act

Executive Summary In December 2019, the Setting Every Community Up For Retirement Enhancement (SECURE) Act was passed into law, making many substantial updates to long-standing retirement account rules. While one rule repealed the maximum age for making Traditional IRA contributions (as now IRA owners beyond age 70 1/2, and in fact of any age, are […]

Coordinating QCDs With Post 70 ½ IRA Contributions Under The SECURE Act

Executive Summary In December 2019, the Setting Every Community Up For Retirement Enhancement (SECURE) Act was passed into law, making many substantial updates to long-standing retirement account rules. While one rule repealed the maximum age for making Traditional IRA contributions (as now IRA owners beyond age 70 1/2, and in fact of any age, are […]

Why You Should Have A Separate 529 Plan For Each Child

When my wife was in her third trimester, we began to brainstorm about all the things we needed before our daughter was born: Name for birth certificate and Social Security # Sleeping arrangement The type of crib, bassinet, and sleeping devices to use The various size diapers, bottles, nipples, swaddles, hats, nose aspirators, clothes, socks […]

Ways to Love with Money

Photo Credit: -Curly- || Really, it’s easy to be happy when you have just enough. All the money you need and not enough to fight over 🙂 Two things I request of You (Deprive me not before I die): Remove falsehood and lies far from me; Give me neither poverty nor riches— Feed me with […]

The Next Trillion Dollar Stocks: What Are Your Thoughts?

[embedded content] Be sure to subscribe to our channel so you never miss an update In this edition of What Are Your Thoughts, Michael Batnick and Josh Brown discuss: *Gold vs Bitcoin, let the trolling begin!* Google joins the Trillion Dollar Club, who’s next?* Can Bill Simmons sell The Ringer podcast network for $200 million?* […]

The Investors Podcast – Contrarian Investing Ideas

I joined Stig and Preston again on The Investor’s Podcast to talk about about contrarian market ideas at the start of 2020. Topics include: Why you can’t truly be a passive investor Why the stock market is a better inflation hedge than gold What are the differences and similarities between financial markets and the economy […]

Tuesday links: a sense of ownership

Did you know you can stay up-to-date with all of our posts via our daily e-mail newsletter? Sign up today! Quote of the Day “It’s all well and good to create an efficient portfolio, but it’s even better to create a portfolio which clients understand and feel a sense of ownership over.” (Aaron Filbeck) Chart […]

Research links: fluctuating factors

Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at how machine learning techniques can be used on lower frequency data. Quote of the Day “All ARPs are not alike with respect to their equity and bond betas, and their stability changes with […]

How high above the 200-day can the S&P 500 get?

The big news this past week is that the S&P 500 got way out ahead of its 200-day moving average – more than 11% above, in fact. Michael wrote about how shitty of a timing signal this measure is here, if you haven’t read it yet you CANNOT miss it. In the meanwhile, Jon Krinsky […]

Social media and digital marketing for investment managers

Darien Gould did a great job hosting my webinar on investment blogging for the Third Party Marketing Association last summer. I was intrigued by the statistics she found on social media marketing by investment management firms, so I asked her to blog about the topic. The guest post below is the result. I’m particularly taken […]

Cash on the Sidelines

Photo Credit: theblackdog2071 || Remember, if some from the sidelines come onto the field, an equal number of others have to leave. Anytime you hear a bull or bear argument about cash on the sidelines, understand that it is bogus. Ordinary trading does not add or subtract cash on the sidelines, excluding commissions. If bulls […]

Adviser links: sensible money moves

Mondays are all about financial adviser-related links here at Abnormal Returns. You can check out last week’s links including a look at how selling your firm changes how you spend your time. Quote of the Day “I used to think anybody could be taught to manage money sensibly. I no longer believe that.” (Jonathan Clements) […]

16 Ways to Withdraw Money From Your 401k Without Penalty

When hard times befall you, you may wonder if there is a way withdraw money from your 401k plan. In some cases you can get to the funds for a hardship withdrawal, but if you’re under age 59½ you will likely owe the 10% early withdrawal penalty. The term 401k is used throughout this article, […]

The Art Of Vision Statements: Do They Really Help Advisory Firms Grow?

Executive Summary For every business owner, a well-written vision statement can be a tremendously effective tool, helping to clarify the long-term direction in which they want to take their companies. Although advisory firm owners are no different, there’s a difference between a vision statement that helps drive growth, and a vision statement that does little […]

The Biggest Downside To Daycare And Preschool Is Not The Cost

Are you considered rich if you can afford childcare? After all, childcare for one child can cost between $1,500 – $2,500 a month, depending on where you live. Or are you considered poor if you have to pay for childcare because you cannot afford to stay at home and take care of your own kids? […]