Good morning Reader!

The CAPE Index is a number some investors look at to help understand if the S&P 500 is overvalued. With consumer spending down and the market at all time highs (thanks to AI!), you might be curious what the number is ... it's 40.64.

Is the market overvalued? Maybe.

Can it stay overvalued and get even more overvalued? Yes.

Don't try to time the market but stay informed. It may be a good time to do something responsible like rebalance your portfolio. If your allocations are out of alignment, adjust it accordingly.

But don't try to time it by selling stock and buying it back later.

😍 Quick ask: Could you click a few of the links in this email? Your email inbox uses it as a signal to keep these emails out of spam. If you click, it shows you still want it. Thanks!

💲 Best Bank Rates (as of 7/21):

💰 High Yield Savings - 3.80% APY + $50/$400 from SoFi​

🏛️ Short Term Treasury - VBIL 3.59%, SGOV 3.56%

📀 Certificates of Deposit (see all 40k+ rates)

🔍 We list nationwide rates, CD Valet has local rates which can be higher so click through to double check for your state.

(if you click through links below, make sure to uncheck the "Only show Featured CDs" box above the table)

• 6 months: 4.20% from Wintrust Bank​
• 12 months: 4.20% from Bank of Utah​
• 60 Months: 4.30% from Bank of Iowa ($50k min)

💵 Bank Bonuses - $200 Barclays, $400 Sofi, $500 Bank of America, $400 BMO & more​

​(View this email as a webpage)​

📦 Did you get a mystery package?

If you get a package and can't figure out who sent it, you may be the victim of a brushing scam.

Here's what they are and what to do about it:

​👉 What is a brushing scam?​

💵 Financial literacy test

MarketWatch says only 5% of U.S. adults can ace this 8-question financial-literacy test.​

The P-Fin 8 Index is 8 questions, developed by the TIAA Institute and the Global Financial Literacy Excellence Center in 2026.

Give it a try, there are no trick questions, and 15% correctly answered 7-8 questions (including yours truly!).

Can you?

​ 👉 Take the P-Fin 8 Index test​

🗞️ Money Stuff I Found Interesting

Here are some interesting articles you may have missed... don't miss the starred one! (it's a 2 minute video)

• ⭐ Google’s DolphinGemma: One Giant Splash Towards Interspecies Communication - WHAT?????? WE CAN TALK TO DOLPHINS??? ok not yet... but soon?​
• ​White House Teleprompter Operator Bet on Trump Speeches, Kalshi Says [New York Times] - 🤣🤣🤣 repeat after me 'prediction markets are for suckers...'
• ​The Hunt for the Counterfeiter Trying to Make the Perfect Bill [New York Times]
• ​Summer Doesn't Mean Fun for Gen Z: 3 Reasons Young People are Filled With Financial Anxiety — and How to Help [Kiplinger]

💵 Good Deals If You Need Them

• ​COWAY Airmega Purifier - Wild fire smoke got you irritated last week? This is our favorite air purifier, we have four!
• ​Costco's latest coupon book is out - active July 27 - August 23rd.
• ​Quicken Simplifi is 50% off, only $3.50/month.
• ​Our Life & Legacy binder is $5 off with code FRIENDS until July 31st, making it only $19 - here's what's in the binder​

What did you think of today's email?​
✅ I Loved It! 🟨 It Was Okay ❌ Not My Favorite​

Talk to you soon!

Jim

PS. If you aren't sure what your asset allocation should be, check out this post on the Magic of a Three Fund Portfolio. It discusses Taylor Larimore's simple system, how to determine your allocations, and why it works so well.

​(see archive of previous emails)​