The recent market advance and equivalent advance of my company stock has improved our retirement savings by about 14%, providing a 5.6% return for the year. I am feeling positive about the retirement accounts for the first time this year. Unfortunately, I know the gains may be fleeting since the potential of central bank intervention has been driving most of the market advances in 2012.
Hopefully, the market advance will continue past the September FOMC meeting and the German court ruling on the ECB bond buying proposal. I would love the have the same positive attitude at the end of September :-)
For more on Reaping the Rewards, check back every Friday for a new segment.
This is not financial or investing advice. Please consult a professional advisor.
Copyright © 2012 Achievement Catalyst, LLC
No comments:
Post a Comment
Comment guidelines: My Wealth Builder will publish comments that are about the topic and do not contain inappropriate language. My Wealth Builder reserves the right to edit or delete comments for any reason which includes those that have advertising (either for a product, website, or blog), contain inappropriate language or are not about the topic.