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1. How Will the Inflation Reduction Act Impact the Economy?
Last week's, the Inflation Reduction Act (IRA), a legislative package that includes climate spending, prescription drug pricing reform, and tax reform, was signed into law. The IRA represents a meaningful commitment to climate goals and should reduce the deficit over the next decade but is unlikely to reduce inflation and will weigh on 2023 profits. — Meera Pandit
2. Buy Stocks Now? When It’s Time, You Won’t Want To
Buy stocks in a bear market. It sounds a whole lot easier than it is. Truth be told, when it comes time to buy stocks, you won’t want to. As discussed previously regarding bonds, when assets are in a bear market, and prices are lower, investors repeatedly don’t buy even though they should. Such is why after three major bull markets since 1980, 80% of individuals are woefully unprepared for retirement. — Lance Roberts
3. The One Number That Can’t Lie
Forgive me for being blunt, but… Most folks don’t know the first thing about measuring how cheap a stock is. Which is a shame… because buying dominant stocks on the cheap is probably the easiest and lowest-risk way to grow your wealth in the markets. Especially today. Because many dominant disruptors are trading for multiyear-low valuations. — Chris Wood
4. An AI Solution For Personalized Advising with Andrew Altfest
Andrew Altfest is the founder and CEO of FP Alpha, the first AI driven, comprehensive financial planning solution that enables advisors to provide actionable and personalized recommendations to clients across over 15 financial planning disciplines. In today’s podcast, Doug talked with Andrew about his background and how he got the idea for this innovative product. — Power Your Advice
5. The Path To Becoming Exceptional
We can all remember when we first became financial advisors, feeling like we could conquer the world. With our entire careers in front of us, we were excited, motivated, and ready to commit everything we had to become successful. The great thing about starting out as an advisor was that there was never a dull moment. Everything was new, and we thrived on the daily challenges of learning how to build a successful practice. — Don Connelly
6. Are You Great at What You Do? Can You Prove It?
While it’s difficult to generalize about what prospects consider when deciding to work with you, there is a common denominator in every decision. Your prospects are consciously or unconsciously asking themselves, “Is he/she right for me?” You’ve probably heard the term Social Proof. Social proof is a form of evidence that you are worthy of consideration. With social proof, the evidence is that another human (or humans) has found your service, advice, and/or overall working relationship highly acceptable. I believe that referrals and Introductions are the highest forms of social proof. — Bill Cates
7. 10 Mistakes To Avoid When You Want To Sell A Business
There comes a time in the life of every business owner when you need to move on to something new, retire, or let your business go to someone with new energy and ideas. As a business advisor, I always have qualms about recommending this move, because the process of selling your business can generate more pain and loss than continuing to run it yourself. — Martin Zwilling
8. Investing in Late-Stage Private Equity with Marcus New
In this episode, Douglas Blake was joined by Marcus New, the CEO at InvestX Capital, a company delivering access, liquidity, and innovation to the private equity asset class through investments in late-stage private equity on a state-of-the-art trading platform, InvestX GEM. Doug and Marcus talked about how InvestX was born and Marcus’ background that led to that point. — Wall & Main
9. How Advisors Can Effectively Communicate with Gen Z
For advisors that have been in the business awhile, particularly those that were around in the 1990s or earlier, it feels as though there’s a constant urging to tend to various generations. Advisors have long been told to focus on baby boomers, which , to an extent , is understandable given the vast wealth accumulated by that generation. For whatever reason, Gen X is largely ignored in the financial advice business, but asset management firms are quite enthusiastic when it comes to providing service to and garnering assets from millennials. — Todd Shriber
10. 36% of High Earners Live Paycheck to Paycheck! Why?
Even the wealthy are having difficulty making ends meet. In June, Bloomberg reported 36% of households earning $250,000+ per year spend everything they earn to maintain their lifestyles. How can this be possible? Do some of your clients fit into this category? How can you help them? — Bryce Sanders
11. What You Need To Know if You Buy To Grow
As many advice businesses reach maturity it is common to consider whether they should “buy to grow”. Should they buy another practice, or more commonly, should just buy a book of business from another practice. — Tony Vidler
