Quick Hits: Dudes Got Dudes | Mind the Gap | Powerful Charts

Here are Your Quick Hits:

The Dudes got Hey Dudes!

·???????? I know this has nothing to do with the financial advising world, but as a dad of 3 boys (at least that’s my excuse) I love Dude Perfect. This partnership makes so much sense and it got me thinking about partnerships we should be making in our businesses that if we gave some time to think about how much sense it would be to partner up?

·???????? Are there businesses in your area that serve the same clientele that you do, or share the same interest?

·???????? Also learned from this deal that Hey Dudes are owned by Crocs. Makes sense why they are so comfortable.

Morningstar’s Mind The Gap yearly Analysis

·???????? Morningstar publishes this analysis every year analyzing why investors’ performance lags the performance of the underlying investments. In every category, the investment/asset class outperformed the actual investor owning that investment/asset class.

·???????? “The 1.7-percentage-point gap between investor returns and total returns is more or less in line with the gaps we found for the four previous rolling 10-year periods. The persistent gap between the returns investors actually experience and reported total returns makes cash flow timing one of the most significant factors—along with investment costs and tax efficiency—that can influence an investor's end results.”

·???????? “…investors have struggled to use sector and nontraditional equity funds successfully; these two category groups experienced wider-than-average return gaps.”

·???????? “The more volatile a fund, the more trouble investors tended to have capturing its full return. Funds with higher levels of volatility generally experienced wider return gaps.”

US stocks are the most expensive vs. bonds in 20 years - prepare for returns to remain weak for years, strategist says

·???????? “a growing chorus of experts are now pointing out that equity valuations are now looking increasingly stretched, raising the risk of a correction.”

·???????? “The price/earnings to growth (PEG) ratio for US stocks - another key equity valuation metric that factors in longer-term future earnings - has "never been higher", Michael Kantrowitz, chief investment strategist at Piper Sandler.”

Charts of the week:

?