Does the end justify the means? While it’s great that the American economy is creating jobs, it’s tough to say whether it’s been worth almost $4.0 trillion and an income environment that has been punishing the 144 million working Americans who have spent years saving for retirement.
Sure, the S&P 500 (INDEXSP:.INX), Dow Jones Industrial Average (INDEXDJX:.DJI), and NYSE are enjoying a record run, but again, middle-class America is missing out. Only 24% of middle-class Americans are confident in the stock market as an investment vehicle for retirement, and 45% say the stock market doesn’t benefit people like them.
But with the S&P 500 up 23% year-to-date, the Dow Jones Industrial Average up 18%, the NASDAQ up 27%, and the Federal Reserve still printing off money and devaluing the dollar, the stock market is, without question, the place to be.
While investors still need to show caution and understand where they’re parking their retirement money, there are a lot of great investment opportunities out there right now, both domestically and internationally.
This article is brought to you courtesy of John Whitefoot from the Daily Gains Letter.