We’re inching closer and closer to Memorial Day Weekend and the unofficial start of Summer 2021. However, one deadline that is even closer than that is Tax Day 2021. The deadline to file your tax return is ONE WEEK from today.
Here’s what I’ve been reading this morning:
‘The CAPE Ratio is Very High’ – Michael Batnick – The Irrelevant Investor
- Michael takes readers back to 2014 when the CAPE ratio climbed above 25, a rare feat at the time. Lower returns were expected, but never came and the CAPE ratio is STILL high today. Michael writes about what a high CAPE ratio today could mean for investors moving forward.
‘Do You Have an Investment Plan?’ – Mullooly Asset Podcast
- It’s one thing to buy an investment because it’s “going up a lot”, but do you actually have an investment plan? In this week’s episode of the podcast, the guys discuss the importance of having an actual plan.
‘Is It Harder for Young People to Get Rich Today?’ – Ben Carlson – A Wealth of Common Sense
- During the Berkshire Hathaway annual meeting, Charlie Munger said it will be more difficult for Millennials to get rich. So Ben takes a look at whether or not that might be true in his latest post. Will this generation have a harder time?
‘Don’t Fret About Tax Law Changes – Yet’ – Christine Benz – Morningstar
- There have been some proposals over the last few weeks concerning higher capital gains rates for investors, and higher taxes for wealthy people in general. Christine writes about why it’s NOT time to worry about those changes just yet.