It’s a rather disorienting feeling as Jets fan rooting for them to lose, but the 2020 season has brought us to this point. Yesterday felt like the Jets won a playoff game when they lost on a last second touchdown from the Raiders. The promise of a good draft pick and better days is enough to root for short-term disappointment. Only a few more losses until they join the historic 0-16 club!
Here’s what I’ve been reading this morning:
‘2021 Price Targets Don’t Matter’ – Mullooly Asset Podcast
- It’s price target season! On last week’s episode of the podcast, Brendan and I discussed the irrelevance of price targets. Especially after a year like 2020, it’s become even more clear that trying to predict the future and the direction of markets is impossible.
‘Stocks, Both Foreign and Domestic’ – Michael Batnick – The Irrelevant Investor
- As we just mentioned, forecasts are rarely spot on. Michael writes about how there have been calls for foreign stocks to outperform for a while now, and it just hasn’t happened. Eventually though, there will come a time when international outperforms.
‘The Beauty of Outsourcing’ – Ben Carlson – A Wealth of Common Sense
- There’s an old saying, ‘if you want something done right, you have to do it yourself’. Ben writes about how that isn’t always the case, and makes the case for outsourcing certain activities to free up your own time.
‘How the CARES Act Sweetened Tax Breaks for Cash Donations in 2020’ – Darla Mercado – CNBC
- A lot has changed in 2020 because of the pandemic, and part of the tax code has changed as well for the year. This article highlights a change to itemized deductions from charitable giving for this year only through the CARES Act.