Daily Money - Is a Bubble in Stocks About to Burst?

During the dot-com bubble, investors rewarded potential over profits. Companies with back-of-the-napkin business plans saw their stock valuations soar even when they weren’t earning any money. And guess what? It’s happening again. Of the largest 1,500 companies by market capitalization today, around 200 weren’t profitable during any of the last three years, according to a recent report by the Leuthold Group. But if you’re a long-term investor with a diversified portfolio, you don’t have to worry that the market might be heading toward another bubble. Just stay the course. (And please, don’t put all your retirement savings into Bitcoin!)

Best wishes,
Elizabeth

P.S. If you got this newsletter from a friend, sign up here for email delivery to make sure you don't miss the next issue.

What are you up to these days? 
Enjoying retirement and being lazy. I ride a motorcycle, and went to Sturgis again in 2020. I play music with some friends, but that was shut down by corona. Shortly after I retired, I was elected to the Iowa State University Alumni Association Board of Directors. That was a four year term, and it was a great time working with other exceptional Board Members. I traveled a lot when I was working, both national and international. So I don't have any big desire to travel now. Plus, my wife still works part time.

What's your advice for anyone approaching retirement?
My main comment is that it is much easier than you think it is. All of us are worried about stopping the paycheck, and it’s the thought of stopping that scares us. But when you actually do it, things change and it is not as big of an adjustment as you think. And when you retire, don't try to figure out how retirement will look in a short time. It will take six months or so to develop your retirement routine and mentality. Just be patient.

A Vaccine Passport Is the New Golden Ticket as the World Reopens

But the concept has its critics. BLOOMBERG

Should You Refinance Your Mortgage Before Retirement?

While it bucks conventional wisdom, the answer might be yes. AARP

Effects of Faster Aging Show up by Midlife

Identifying and treating diseases of old age should happen as early as age 45, new research suggests. FUTURITY

The Lost Art of Connecting