We'll be posting the April issue of the SMI newsletter tomorrow, so we are rolling out the weekly Money Roundup a day earlier than normal.
- Started from the bottom (Nick Maggiulli, Of Dollars and Data). We may never see a better one-year rally than what we've experienced since March 2020.
- Five investing powers (Morgan Housel, Collaborative Fund blog). You have control over four of these.
- Biden team prepares $3 trillion in new spending for the economy (The New York Times via MSN). This is in addition to the $1.9 billion package signed earlier this month.
- Gold's worst enemy (Charlie Bilello, Compound Capital Advisors blog). With government debt going sky high and the Fed maintaining easy monetary policy, gold prices should be rising. But things aren't working out that way — at least so far.
- Why you should consider commodities (Kiplinger). Gold aside, other commodities have been doing well. (That's good news for SMI Upgraders, given that we added a commodities fund to our Upgrading recommendations three months ago. Since then, it's up 14% — through yesterday's close.)
- IRS makes more people eligible for $10,200 unemployment tax break (CNBC). New IRS guidance broadens the eligibility for a tax break related to unemployment benefits.
- Some people still need to pay their taxes by April 15 despite the IRS moving the deadline to May 17 (CNBC). The deadline for paying estimated taxes hasn't changed.
- The triple tax break you may be missing: A Health Savings Account (The New York Times). Not only are HSAs tax-friendly, but account providers are cutting fees and rolling out apps for tracking HSA contributions/expenditures.
- We need to talk about risk in your short-term portfolio (Christine Benz, Morningstar). If you're using stock investments to save for near-term goals, you may want to re-think that approach.
- Economy has improved since Winter: 2021 growth now seen at 6.5%, S&P Global Economics says (MT Newswires via Fidelity). "An improving vaccination outlook, faster reopening schedule, and the $1.9 trillion stimulus 'shot in the arm,' along with a $900 billion package approved in December, all point to a seismic shift in the U.S. economic outlook."
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