By Philip van Doorn
Also, Tesla, other electric-vehicle stocks, and preparing for a stock-market downturn
Have you considered making a big move when you retire? You might want to try out another climate, move away from a big city or maybe even live in another country.
Silvia Ascarelli interviewed Daniel Bartlow and Linda Pinckney, who decided to move to Athens, Greece, when they retired. They have not regretted the move, even though they still don't speak Greek. They also share the details () of how they planned to relocate, navigated red tape and found an ideal apartment.
Related:How you can get foreign citizenship and a second passport in as little as two years ()
Shares of Tesla Inc. (TSLA) have surged 580% this year and keep hitting new records, while Nio Inc. (NIO) is up nearly 11-fold for 2020 (though its American depositary receipts have slumped 16% over the past five trading sessions through Dec. 3). So these stocks are expensive -- Tesla trades for a forward price-to-earnings ratio of 165.3, compared with 22.2 for the S&P 500 , according to FactSet. There is no forward P/E ratio for Nio because the company is expected to continue operating at a loss.
But General Motors Co. (GM) plans to have 30 electric vehicles available by 2025, with 40% of its sales being EVs by the end of that year. And GM's shares trade for only 6.6 times the consensus forward earnings estimate. The company is included in this list of 20 electric vehicle stocks that analysts expect to rise the most over the next year ( ).
More about EVs:
Michael Brush has been bullish about stocks all year, but now makes the case that conditions and investor sentiment are ripe for a downturn. Here's how to prepare for a correction and take advantage of it ().
Old expectations for life expectancy are falling by the wayside. You had better plan to live to a ripe old age. Alessandra Malito suggests asking yourself these four questions about how you would handle living to 100 () and Liz Weston explains how life expectancy affects retirement planning decisions ( ).
If so, you had better take a closer look at the details. The map above shows some very high top marginal state income-tax rates, but chances are you pay a whole lot less. Harry Sit explains how deeply you have to dig to really understand your current state and property tax situation, and why taxes aren't the reason he moved away from California ().
Investors are always being told to diversify, but even if you are in an index fund that holds hundreds of stocks, you are focused on one asset class. Investing in real estate to generate income and (hopefully) gains from sales will provide real diversification. But there is a lot to learn if you want to protect the income and gains () from taxes, as Riley Adams explains.
Despite laws designed to prevent it, age discrimination is real, common and very tempting to companies trying to hold down costs. One way to fight it is to take an employer to court. But a preventive approach may be better. John Tarnoff explains how to make yourself more attractive to your current or prospective employer, at any age ().
The Affordable Care Act was passed in 2010, but if you have had the good fortune to have employer-sponsored health insurance since then, you probably don't know how to get coverage through ACA exchanges. This year's open enrollment period ends on Dec. 15, though you may be eligible for a Special Enrollment Period if you lose your health coverage or move out of state.
Getting insurance through ACA can be complicated. Kimberly Lankford explains how to get started ().
Financial news headlines typically focus on large-cap companies, but Jeff Reeves names five mid-cap companies that appear ripe for investment () because of their ability to react quickly in a dynamic and often painful economic environment.
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-Philip van Doorn; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
December 04, 2020 11:26 ET (16:26 GMT)
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