The U.S stock market trounced returns on a diverse group of 13 indexes tracking major asset classes in the five years ended March 31, 2021.
U.S. large-company stocks returned twice as much as foreign stocks and 10 times as much as intermediate-term bonds.
U.S. stocks are the main growth engine of a prudently designed, broadly-diversified portfolio which makes the extraordinary outperformance by stocks fantastic news for U. S. retirement investors guided by Modern Portfolio Theory and tracked in articles and newsletters published here.
And, with the economy about to boom, the stock market could keep breaking records, as it has done for months.
No one can predict the stock market’s performance. Taxes are more predictable and are important at this moment in history. If maintaining a disciplined strategy based on facts, continual research, and best practices in the financial advice profession is important to you, please do not miss the tax planning opportunities that are about to close.
President Joseph Biden’s speech before a joint session of the U.S. Congress tonight spelled an end to a bevy of tax opportunities. For high-income earners and high-net-worth individuals, the tax train is leaving the proverbial station.
If your income is going to be above $400,000, or if you or your parents own a couple of homes and a retirement portfolio, you could easily be affected by the changes that are widely expected. Act before the effective dates of higher capital gains, estate and income taxes that are likely to be widely enacted in the days ahead.