11 Most Read Articles of the Week

1. Is the Entire Market Chasing One Stock?

In a normal functioning market, Nvidia doing amazingly is bad news for competitors such as AMD and Intel. Nvidia is selling more of its chips, meaning fewer sales opportunities for rivals. Shouldn’t their stocks drop? Just because Meta owns and uses some new Nvidia chips, how is that going to positively impact its earnings and cash flow over the next four quarters? Will it at all? — Lance Roberts

2. Key Questions Advisors Should Address to Better Serve Female Clients

Astute advisors know that when it comes to converting prospects to clients, there isn’t a linear path to success and the reason for that is each prospective client has different desires, goals and needs. For example, a smart advisor wouldn’t approach a 50-year-old dentist in the same way they’d attempt to lure business from a 28-year-old tech worker. Likewise, and it should go without saying, advisors should be having different conversations with female prospects than they do with men. — Todd Shriber

3. Stop Making Meaningless Client Calls

Someone probably said something like this to this young person, “We need to be in touch with our customers. Call all of our customers to see if there’s anything we can do for them.” — Bill Cates

4. Rate Cuts, Resilience, and Returns with Anastasia Amoroso

In this podcast, Anastasia and Doug engage in a conversation regarding the 2024 Federal Reserve rate cuts and the potential consequences they may entail. — iCapital

5. The 4% Retirement Rule: Neat, Plausible and Wrong

The persistent—and futile—debate over the 4% rule for retirement income brings to mind the observation of the American social critic H.L. Mencken: “There is always a well-known solution to every human problem—neat, plausible and wrong,” Mencken wrote in 1920. Retirement wasn’t on Mencken’s mind (the average life expectancy in 1920 was around 54). But I imagine he might have anticipated the 4% rule and the zombie economic theory that tax cuts pay for themselves. Both are neat, plausible and not obviously wrong. — Paul R. Samuelson

6. What's Next for NVIDIA as it Surges Towards a $2 Trillion Market Cap Riding the AI Wave?

NVIDIA reported financial results for the fourth quarter and full-year 2023 this week, and I’m still picking my jaw off the floor. The chipmaker handily beat Wall Street expectations, with annual profits increasing a staggering 769% on mounting enthusiasm surrounding artificial intelligence (AI). — Frank Holmes

7. When Your Client Needs To Be More Aggressive but Won’t

It is not uncommon for advisors to have situations in which an investor needs to be more aggressive (hold more stocks), but refuses to do so. Sometimes this may occur because the investor is too conservative to reach their goals and other times it is because they went to cash at some point and don’t want to face the risk of future (temporary) market losses. Either way, what is an advisor to do in these cases to help the investor? — Jay Mooreland

8. Ford Versus Ferrari: A Lesson in Customer Experience

Functionality versus customer experience: Do they belong together? Yes! And here’s a story to make the point:  Two guys are buying new cars. One buys a Ford EcoSport, and the other buys a Ferrari Roma. The Ford costs about $25,000. The Ferrari costs about $250,000 – 10 times more! — Shep Hyken

9. 5 Words of Wisdom for Female Advisors

As women, we must have the courage to carve out a new approach to building a successful business while serving clients ethically. The more we as women support each other, embrace our strengths and encourage each other to create our own path to success that’s when the change will happen. — Adri Miller-Heckman

10. Do You Provide Your Clients With a Wealth Report?

Your client might be worth more than they imagine. This can put them in a good mood. You think your client has assets held away. They owe money, but you do not know how much. Preparing a wealth report, also known as a net worth statement is a good way to get this information out into the open. — Bryce Sanders

11. Rise Above: Why Advisors Choose the RIA Model and How It Helps Them Soar

The independent Registered Investment Advisor (RIA) model is about strength, resilience, agility. You control the ways you operate. You have the autonomy to take on the tech, talent and more that you believe in. And you can unlock more economic potential. — Schwab Advisor Services