Company: HathawayFinancial LLC Job Role: Business Development Representative
HathawayFinancial (HF) is a Wealth Management and Investment Advisory Firm. We specialize in helping working professionals in the technology space build a financial plan for the long term so they can concentrate on their career and family. We do this through detailed financial planning, investment management and ad-hoc real-time advice.
We are looking for a Business Development Representative (BDR) to drive lead generation and ultimately new business. HF will provide the pipeline of leads, but needs a professional to get meetings scheduled with HF Registered Investment Advisor (RIA).
HF will provide a budget for marketing and generating leads. HF will then, in addition, pay a bonus or Sales Progression Incentive Fund (SPIF) tied to clients landed.
Job Responsibilities:
Core responsibility is demand and lead generation of qualified leads.
Being the first point of contact – email, text and verbal – for qualified leads.
Scheduling consultations with the Owner/Manager of HF.
Advise HF on most efficient use of funds to generate leads.
Qualifications:
Experience working with RIA’s, Investment Advisors, Planners, and Wealth Managers, etc…
Deep understanding of social media platforms, email marketing, and avenues to generate leads. – Digital and traditional marketing channel optimization.
Should have general understanding of stock market and able to discuss at high-level.
The ideal candidate:
You’re reading this and thinking “I know exactly what needs to be done here”.
Demonstrated interest and knowledge of financial services industry. More specifically
stock market.
Motivated to make a lot of money working hard.
Interested in converting to full-time employee after demonstrated success.
Mortgage rates from 2.5 to 5.5%. $1m loan at 3% is $30,000 per year, Double that to get pre-tax earnings of $60,000. That means you need to be earning at least $60,000 more per year to cover mortgage interest on $1m loan.
There is a silver lining to this market. Big downturns every decade or so make for the best 2-3 time opportunities in life to invest. 2022 is it. Fund your 529’s. Dollar cost average in.
The 3.7 multibillion-dollar investment will go to retooling factories to build newer versions of gas-engine models, such as the Ford Ranger pickup and Mustang sports car, the auto maker said Thursday.
Fed at 0.75% – 1% and raise 0.5% in June and July. Will have to stop before mid-terms! Q4 rally?
Federal Reserve is a joke. Powell keeps talking about controlling inflation.
This is going to
Coming for “the Generals”
Crypto. Terra (Luna). Bitcoin at 29k down from 68k. 57%.
Consumer Sentiment index.
Target, Costco, Walmart, Lowes, Home Depot, Koels: All down 25-40%.
FATMAANN. All down over 25%. Shooting Generals.
#Netflix stock down 73% from high and making some strategic adjustments. Would have been nice to see 6-9 months ago. But, better late than never:
1. Content: Focus on higher quality.
2. Content: Testing live TV.
3. Content: Staggered release. Stranger Things in Q2 and Q3.
4. Revenue: Advertising in Q4.
5. Revenue: Crackdown on 100m households sharing passwords.
6. Culture: “You may need to work on titles you perceive to be harmful. If you’d find it hard to support our content breadth, Netflix may not be the best place for you.” I guess they realized “get woke, go broke”. Applies to (1) above as well.
7. Culture of Finance: “Spend our members money wisely.” Layoffs terrible, but sends a message of fiscal responsibility (or is it a message that Q2 is going to be even more awful than forecast!?)
To be fair, even if Netflix was growing subscribers at decent clip, the stock would still be down 30-40%. But anything beyond that is Management’s responsibility.
Social programs. Helping homeless. But not feeding them crackpipes.
Tesla at All-In. Play clip.
This is pretty incredible. This means Tesla’s operating income of $3.60B in Q1 2022 was slightly higher than Toyota’s ($3.56B), the largest automaker in the world by vehicle volume.Toyota sold ~2,759,000 vehicles in Q1 vs Tesla who sold 310,048.
In lighter news:
My Tesla service story.
Teen tracking Elon’s jet is now tracking Zuckerberg. “He tracks us, so we should track him.
US Stock market up 26% in 2021. And that’s on the back of 21% and 31% in 2020 and 2019. In fact, if you invested in the stock market in January 2017, you’ve DOUBLED your money in 4 years.
Last year I mentioned my fascination/obsession with FATMAANN (FB, AAPL, TSLA, MSFT, AMZN, GOOG, NVDA, NFLX): dominant market leaders, growing revenues and profitability, global brand recognition and adoption. FATMAANN up monstrous 44% last year!
BUT, it hasn’t been all ponies and rainbows; particularly if you were invested in high-growth new tech stocks. I’m going to call them “Shiny and New” vs the “Tried and True.”
Here are some key observations:
Tried & True is up 44% over the last year, while Shiny & New is down 29%.
Tried & True is 13% off high, while Shiny & New is 57% off high.
Average age of Shiny & New is 3.5 years since IPO, while the Tried & True is a whopping 23 years!!!
Interestingly both groups have similar average price/sales ratios of 12.
BTW, I think Stitch and the Hood are going to rebound massively, as will others (but not investment advice!)
Market Outlook
Markets are down because the Fed intends to begin tapering and raising interest rates in an effort to combat high inflation. This has the effect of driving the stock market down for a few reasons:
As interest rates rise, alternative investments (like fixed income bonds) become more attractive.
Investors use leverage to purchase stocks and as interest rates rise, leverage/debt becomes more expensive. So less borrowing to buy stocks.
In draw-downs, like we’re seeing this week, there is a psychological collective market flight to safety. Everyone’s a little panicked so they pull money out and sit on the sidelines. The key is to wait and not panic.
There are a lot of reasons to be hopeful in 2022:
Job openings are at record highs and unemployment record lows. See Beveridge curve.
Our economy is booming and companies (like FATMAANN) are likely to post record revenues and profits for Q4.
In other words there are no fundamental structural issues with our economy. We are due for a correction, its short term pain, but markets will continue upward and to the right soon enough.
Web 3.0
Web 3.0 was the dominant theme of 2021: DAOs, NFTs, BlockChains, Crypto, tools, protocols and digital infrastructure that are enabling our worlds to be more secure and decentralized. Here’s an informative primer from a16z on What is Web 3.0.
I’ve been digging into Crypto lately and encouraging my clients to explore and own as well. It’s here to stay and I see value incorporating it into your financial portfolio. The best one page information source I’ve discovered on Crypto is an annual thesis written by Messari CEO Ryan Selkis; it’s extremely insightful and entertaining (I love how he unapologetically bashes Gary Gensler).
On a personal note, I’m using Coinbase and Voyager apps to purchase Bitcoin, Etherium, Solana, Dogecoin and Luna on a weekly basis (dollar cost averaging in).
In Closing
Nancy Pelosi is a sophisticated stock trader and if you want to follow her it’s publicly available here. Not sure how I feel about our politicians trading stocks, but at least it’s disclosed, and I’m pretty excited she bought call options on Roblox, Alphabet and Salesforce.
Back Door Roth. Build Back Better didn’t pass – at least not yet – so your back door and mega-back door Roth IRA’s are safe for now.
Entertainment. With the kids we’re watching Lost in Space and starting Cobra Kai. Lorena and I are finishing Succession and getting ready to binge Yellowstone. And I just started Narcos Mexico S3. All recommended.
Job. If you know someone younger in their career or even recently graduated that wants to work as an investment advisor let them know I’m looking for a junior partner.
Please forward this to someone you think may find it interesting.
