Smart Investor: The Antidote to Today's Market Mania

The anecdotes entertain, but the economic implications should not be ignored. [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_smartinvestor&utm_content=28119&elqTrackId=b5f6e69dcbd94e84a7ba817fa27cf647&elq=8b2fc2e9d52c43dc9a8dc370b1843b41&elqaid=28119&elqat=1&elqCampaignId=12844) [Smart Investor] Smart Investor March 12, 2021 Twitter CEO Jack Dorsey is selling his first-ever tweet from 2006 as a nonfungible token; the crypto collectible could fetch $2.5 million for charity. In other financial news this week, shares of GameStop (GME) fell 40% in 25 minutes, and the SEC warned investors to not invest in special purpose acquisition companies, or SPACs, based solely on a celebrity’s involvement. Really--the SEC had to warn people not to do that? Just when I thought I’d gotten lost in a speculative funhouse, good news arrived: Morningstar’s director of personal finance (and my longtime friend) Christine Benz had been named one of Barron’s 100 Most Influential Women in U.S. Finance for a second year--coinciding with [International Women’s Day](. Christine is more than worthy of this accolade, as frequent readers of this newsletter already know. In fact, her work embodies what “smart investing” is all about--putting your goals first, saving diligently, controlling the factors that you can (such as taxes and costs), and keeping your investments simple yet diversified. No shorting, cryptocurrencies, or celebrity endorsements required. Christine's advice is the thoughtful, commonsense antidote to the get-rich-quick mindset dominating the financial media today. Congratulations, Christine--and keep that practical financial advice coming. Now I just need to figure out how to turn your very first column from Morningstar.com into a nonfungible token. -Susan Dziubinski, director of content ADVERTISEMENT [media]( [media] Morningstar Specialists [When Stocks Become Collectibles]( [When Stocks Become Collectibles]( John Rekenthaler The anecdotes entertain, but the economic implications should not be ignored. [5 Stocks to Spend Your Stimulus Check On]( [5 Stocks to Spend Your Stimulus Check On]( Susan Dziubinski These familiar brands are all undervalued today. [The First Question You Should Ask About In-Retirement Withdrawal Rates]( [The First Question You Should Ask About In-Retirement Withdrawal Rates]( Christine Benz Striking the right balance between what's sustainable and what's livable is job one. [3 Important Manager Changes This Year]( [3 Important Manager Changes This Year]( Russel Kinnel, Susan Dziubinski Our take on the changes at T. Rowe Price Blue Chip Growth and two other funds. [Why I'm Lukewarm on Real Estate]( [Why I'm Lukewarm on Real Estate]( Amy C. Arnott, CFA With correlations trending up, REITs aren't as compelling as they used to be. Popular This Week [Our Ultimate Stock-Pickers' Top 10 Buys and Sells]( Malik Ahmed Khan, Eric Compton, CFA Funds see value in a diverse range of sectors. [2 Overlooked Stocks]( Morningstar Our analysts think Wall Street has it wrong about these fundamentally sound names. [A New Favorite Stock From Top Managers]( Morningstar Several of our Ultimate Stock-Pickers put new money toward this name last quarter. [Our Favorite Model Portfolios for Advisors]( Leo Acheson, CFA, Jason Kephart, CFA We've doubled our coverage of model portfolios. These are our top picks. [Manager Question of the Month: The China Conundrum]( Tom Nations, CFP® Stock fund managers consider the trade-offs of investing in China. Listen Now Get the latest investing insights and market updates with [Morningstar’s podcasts]( available on your iPhone, iPad, Android, PC, or smart speaker. Stay connected: [twitter]( [facebook]( [linkedin]( [instagram]( [YouTube]( [Apple News]( [View online]( | [See all newsletters]( | [Share your feedback]( [Unsubscribe]( from this newsletter. Or update your [email preferences](. © 2021 Morningstar, Inc. All Rights Reserved. 22 W. Washington St. Chicago, IL 60602