Is a Bubble in Stocks About to Burst?

Drivers may get more money back from their insurer

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. TIMELY RETIREMENT NEWS, INSIGHTS, AND ADVICE   Latest Sign of a Stock Market Bubble: Company Profits No Longer Matter Stock valuations are looking lofty again. Drivers May Soon Get More Money Back From Car Insurance Companies Last year's give-backs didn't go far enough, a state insurance regulator found. Will Your Bank Raise Your Savings Rate if You Threaten to Leave? You might have better luck negotiating fees. RETIRE WITH MONEY COMMUNITY NEWS Please join me in welcoming our Reader of the Week! Wendell Davis, 70, is a retired veterinarian in Overland Park, Kansas. Tell us a little about yourself.  I'm a veterinarian graduating from Iowa State in 1975 (Go Cyclones)! I was in a mixed practice for 16 years, and that was not an area to accumulate money in the '70s and '80s. We worked to keep our head above water, and raise a family. Then I moved into the Animal Health industry, and worked in several different roles there. But the best thing was that investing in a 401(k) started then. My wife and I have always been thrifty. We both came from fairly poor families and we were married when I was in veterinary college. So we have always watched our money closely, which has paid benefits. 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. RETIREMENT NEWS FROM AROUND THE WEB 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 A consultant offers tips for forging authentic connections that just might add years to your life. NEXT AVENUE Elizabeth O'Brien is deputy editor at Money. She has covered retirement and health care for nearly a decade. A Brooklyn resident and mom of two boys, she navigates the alphabet soup of Medicare and the New York City subway system with equal ease. You can email her at elizabeth.obrien@money.com and follow her on Twitter at @elizobrien. This newsletter is free because Money earns a commission when you click or make purchases from the links in this email and on our site. We also receive compensation for some of the products and services featured in this message. Offers may be subject to change without notice. Learn more about how we make money. Privacy Policy • Advertise With Us • We're Hiring! To stop receiving these emails, unsubscribe or manage your email preferences. Copyright ©2021 Ad Practitioners, LLC. All rights reserved. Metro Office Park Calle 1, Building 7 Suite 204, Guaynabo, 00968 Puerto Rico, USA