Category: Investing News

Algorithms have already taken over human decision making

Robsonphoto/Shutterstock I can still recall my surprise when a book by evolutionary biologist Peter Lawrence entitled “The making of a fly” came to be priced on Amazon at $23,698,655.93 (plus $3.99 shipping). While my colleagues around the world must have become rather depressed that an academic book could achieve such a feat, the steep price…
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Flash crashes: if reforms aren’t ramped up, the next one could spell global disaster

Flight club. rawpixel.com In California, people fear the “big one” – an earthquake of such magnitude that it could wipe the state off the map. They look nervously at the intense seismic tremors from previous earthquakes and fear it is only a matter of time. The financial markets have an equivalent to these tremors: flash…
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Python Library To Run Quantopian Algorithm In Live

Quantopian — The Online Algo Trading Platform Quantopian is one of the most popular online algo trading platforms and communities today. It provides the great backtesting environment where you can experiment with your idea, build algorithms and even participate in the contest, as well as share the idea and discuss it with smart people there. Photo by Rodion…
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When Advisors Get Personal: Helping Clients Through Tough Times

Financial planners spend much of their day advising clients on money matters. But sometimes, the advice gets personal. X Depending on your client relationships, you may feel the urge to dish out advice on topics ranging from dating to vacationing to raising children. Clients usually welcome such input, especially if you’ve earned their trust and…
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How Frugal Advisors Contain Their Spending On The Latest Software

Advisors often rave about all the technology tools they use to run their businesses more efficiently. But the cost of software can add up. Managing your investments via technology requires diligent research and an attention to detail. That’s especially true when purchasing subscription-based software services. Some of these services come with automatic renewals each year.…
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Niche Marketing Helps Advisors Target Clients’ Lifestyle, Hobbies

David Rae is harnessing the power of niche marketing to grow the financial advisory firm he launched last summer. X Already, the Los Angeles-based advisor’s clients number some 100 households. Although many had followed him from his previous advisory job, his media blitz, including appearances on “The Today Show” and “Nightline” also caught prospects’ eyes.…
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Master Your Messaging By Crafting A Brand To Win Over Your Market

Eager to develop their technical skills, advisors may overlook the marketing side of the business. But once they launch their practice, branding takes center stage. X Successful planners build a brand based on a consistent, captivating message. They ensure that every aspect of their operation reinforces their value proposition — the key deliverables that appeal…
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When Asked For Free Advice, Smart Planners Opt To Build Rapport

Like doctors, advisors often get asked for free advice. Respond the right way and you can woo a new client. X When you run into friends and acquaintances, they may pepper you with questions about their 401(k) or hot stocks. They perceive you as an expert and fish for information on the fly. Giving a…
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100 U.S. Cities With The Highest Rents

Cities and big metro communities on the West and East coasts boast — or lament, depending on whether your sympathies lie with tenants or landlords — the highest monthly rents in the U.S., according to a new list as of the end of August. X As the average monthly rent in the U.S. reached an…
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Ready For The Next Stock Market Crash? Here’s How To Protect Your Portfolio

With the 10th anniversary of the 2008 financial crisis at hand this month, it’s important to ask if you’re ready for the next stock market crash — or even the next bear market. If it happens again, should you stay the course — or go to cash? X With the long-term mutual funds portion of your…
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