One of the Fed's explicit goals for QE3 is to boost the stock market and create more perceived wealth. This is expected to create a more positive attitude among holders stock which, in the Fed's perspective, will lead to more spending and an improved economy.
While the market advance has given me a much more positive attitude, I'm definitely not going to spend my new found gains. The last market boom-bust of 2007 to 2009 has made me much more cautious when the market rallies. Instead, I plan to take some profit to protect the gains and keep the funds in cash, until a bust inevitably happens.
For more on Strategies and Plans, check back every Monday for a new segment.
This is not financial or investing advice. Please consult a professional advisor.
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