Advisors will learn how using factors and alternative investments that have premiums that are unique and have evidence of persistence, pervasiveness, robustness, implementability, and intuitive risk- or behavioral-based explanations for why we should expect the premiums to persist in the future can lead to the building of more efficient portfolio that also reduce tail risks. You will learn which factors from the over 600 in the literature should be considered and which alternatives out of the many available should be used and why.
Description: With longevity, we have more aging clients. The average advisor has at least 7 clients with some degree of diminished capacity. Understanding what you need to look for and what to do when you see diminished capacity is critical to keep clients' assets safe and protect yourself. Likewise with longevity, more clients will need long term care. No one is "average". We examine the increased risk of needing this care from identifiable factors. Few advisors know the actual cost of these services, which are not covered by Medicare. Long term care insurance is not for most people and clients all need to get a deeper understanding through competent advice about how much their savings will need to cover.
The Federal Housing Finance Agency (FHFA) has released its U.S. House Price Index (HPI) for February. U.S. house prices were up 0.6 percent on a seasonally adjusted nominal basis from the previous month. Year-over-year the index is up 7.2% (nonseasonally adjusted). Seasonally adjusted, the index is up 5.29% year-over-year.
The latest Conference Board Leading Economic Index (LEI) for March increased to 109.0 from 108.7 in February. The Coincident Economic Index (CEI) came in at 103.4, up from the previous month.
The latest index came in at 17, unchanged from last month, which indicates that activity expanded in March. The future outlook decreased to 33 from 38 last month. Here is a snapshot of the complete Kansas City Fed Manufacturing Survey.
The S&P 500 rose and fell this week, ending Friday up 0.5% from the same time last week. The index was down -0.85% from Thursday and is down 0.95% YTD.
This morning's seasonally adjusted 232K new claims, down 1K from the previous week's figure, was slightly above the Investing.com forecast of 230K. From the release: "The claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal."
In the last fifteen years, the Nobel Prize for economics has twice been awarded for research in the field of behavioral insights – Daniel Kahneman in 2002 and Richard Thaler in 2017. And a third Nobel Laureate, Robert Shiller, is also associated with research that challenges the rational view of investor behavior.
In this 60 minute webinar, Dan Richards will outline how advisors can tap into behavioral insights to improve decision making by existing clients as well as to attract new clients. In this webinar, Dan will touch on:
As well as:
The latest price of home heating oil nationwide is $3.10, up a nickel from last week and up 43 cents since the beginning of the season.
The Department of Energy's Energy Information Administration (EIA) monthly data on volume sales is several weeks old when it released. The latest numbers, through mid-February, are now available. However, despite the lag, this report offers an interesting perspective on fascinating aspects of the US economy. Gasoline prices and increases in fuel efficiency are important factors, but there are also some significant demographic and cultural dynamics in this data series.