Record Calm

In your May issue, we begin by explaining why—despite technology shares leading this extended bull market to new highs—the current market is not reminiscent of the tech bubble of the late 1990s. With expectations for economic growth and corporate profits having been, so far, too pessimistic, we think another leg higher could be in store for the market.

We’ll also continue our retirement discussion. In this issue, however, we’ll focus on how you can help your teenager get a head start on funding their retirement account and examine why a Roth IRA may be a better option than a traditional IRA for young investors. Saving and investing early on in life puts the power of compounding on full display.

As mentioned in the April 25 Hotline, we’ve now made a few trades that will help keep our risk in check. You can find the details of those trades and our rationale for rebalancing on page 7 of your May issue. We’re also going to review some changes that are being made at Vanguard and look at the launch of a new fund focused on commodities. The short story is that you should steer clear.

For the full scoop, check out your May issue—available now.