Stock market: Here’s why your 401(k) is celebrating 2019 before ringing in 2020


Olde Hornet

Well-Known Member
REMEMBER! Bears make Money, Bulls make money, PIGS get slaughtered! :cool:

Some of you might want to take some profit out of the market, not pull out, but enjoy some of your gain.


After teetering on the brink of a major downturn in the final months of 2018, the stock market bounced back and thrived in 2019, extending its reign as the longest bull market in history. And if it continues into March 2020, that bull would turn 11 years old. For now, it appears investors have shaken off those late 2018 fears of a looming recession and a trade war with China. And with the Federal Reserve trimming interest rates during the summer and fall, the anxiety about rising borrowing costs has also eased.

On Tuesday, the Dow Jones Industrial Average climbed 76 points, or 0.3%, to close at 28,538. The Standard & Poor’s 500 added 0.3% to end at 3,231. The technology-heavy Nasdaq Composite rose 0.3% to finish at 8,973.

The stock market is back at record highs, and investors who sat on the sidelines during the turbulence of 2018 lost out on hefty gains. If an investor had put $10,000 in an S&P 500 index fund on Jan. 1, 2019, it would have been worth roughly $13,100 with dividends this year, according to S&P Dow Jones Indices.

“Mom-and-pop investors who came into (2019) afraid of the stock market will leave the year thinking they missed out,” says Kevin Roskam, vice president of advisory services at USA Financial.
 
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