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By Lauren Young, Digital Special Projects Editor

For aspiring homebuyers, prices hit an all-time high in April, according to the National Association of Realtors.

As for renting, that is unaffordable for half of renters, according to a study by the Harvard Joint Center for Housing Studies.

Which creates fertile ground for the phenomenon known as … the Boomerang Kid.

Many young adults are living with their parents because it makes so much financial sense, according to a new survey by financial-services firm Thrivent. In fact, 46% of parents say their adult children have “boomeranged” back home at some point – and 50% of them say sky-high housing costs are to blame.

While a “boomerang” back to the old homestead can be the smart financial choice, it can also create a highly combustible situation. Relationships change as children become adults. And when money, history and emotions are all thrown into a blender, everything has to be handled very carefully.

Here are three tips for parents of boomerang kids via Chris Taylor. 

Are you the parent of a boomerang? What is it like to have an adult roommate –

who is related to you? What advice do you have to share? 

Reach out to me at onthemoney@thomsonreuters.com.

Big Tesla shareholders are slashing their stakes. REUTERS/Mike Blake

Some of Tesla’s institutional shareholders are getting out, convinced that the electric carmaker’s days of dizzying growth are in the rear-view mirror.

The company’s shares are down nearly 30% this year and have fallen by more than 50% since their 2021 high, wiping out some $600 billion in market value as CEO Elon Musk has struggled with fierce competition and falling sales. Tesla’s first-quarter results missed analyst expectations, though Musk said the company would release new models in 2025 that would be more affordable.

Of the 18 mutual funds tracked by Morningstar that have held Tesla shares since 2019, 10 reduced their positions in the last quarter, with four slashing their stakes by 15% or more, Morningstar data showed. Only five added shares.

Are you buying, selling or holding Tesla? Let me know why: onthemoney@thomsonreuters.com.

The real challenge in investing in chip funds: Nvidia. With more than 500 ETFs containing Nvidia, Steve Sosnick of Interactive Brokers spells out the options for investors who want to put money in chip funds. Watch here.

At 80, Mick Jagger still delivers a vigorous performance full of gyrating, stomping, sprinting and his world-famous swagger. REUTERS/Callaghan O’Hare

Where does Mick Jagger find the energy to sing and dance for hours on stage before thousands of people…at age 80?

“I just enjoy it,” Jagger tells Reuters. “Really, that’s the answer. I just love doing it.

“You get this back and forth with the audience. You can see they’re having a good time, you’re having a good time, and it gives you a lot more energy.”

P.S. One of my most favorite Gilda Radner skits is her imitation of Patti Smith singing “Gimme Mick.” (Forward this video to midpoint to watch Radner rock.) 

Blended families can prevent a crisis later by estate planning now. REUTERS/Mike Blake

I am a stepparent as well as a stepchild, so I know firsthand that blending a family can be tricky financially. But estate planning is even more complex.

And it’s a challenge many Americans face: More than one in five opposite-sex couples in the United States who lived together in 2021 had at least one partner with a child from a prior partner, according to the U.S. Census Bureau. There is no public data on the number of will contests among blended families, The Wall Street Journal reports. However, lawyers say it is becoming more common.

I’ve heard too many nightmare stories about estate fights among stepchildren. Nasty, nasty stuff. For blended families, the key to staving off a crisis later is estate planning now. 

If you’ve got any advice on estate planning for blended families, please send it my way: onthemoney@thomsonreuters.com.

Q. Where should I invest $10,000 now?

I am 48. I don’t need the money immediately but do not want to tie it up until retirement. 

– Kamala, New York.

A. It might sound strange, but many investors don’t realize you can invest in mutual funds or ETFs outside of an IRA or 401(k) through a non-qualified brokerage account, says Josh Strange, founder and President of Good Life NOVA, an Alexandria, Virginia-based wealth management firm. 

If someone has excess cash and an emergency fund to cover three to six months of expenses, they can start to think longer term.  

“What to buy is really based on how long she intends to keep the money invested and how comfortable she is with the ups and downs of the market,” Strange says. “I’d steer clear of stocks if it is less than two years. Once you get past that, she could start looking at high-quality, diversified mutual funds or ETFs.”

It probably makes sense to build up a pot of “medium-term” money in a regular brokerage account, says Rachel Elson, a certified financial planner at Perigon Wealth Management in San Francisco. These would be funds that are generally pointed at the long term but are available to be tapped for shorter-term needs like home repairs or car purchases.

“Given the possible cash needs, you probably want to add more stability here, in the form of bond funds,” Elson says. “So if you need to replace your roof while the stock market is down, for instance, you’ve got more stable assets you can call on. It’s fine to use an inexpensive, broadly diversified bond fund here.”

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This newsletter was edited by Mark Porter.

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