This is a concept that suggests that improvements in the general economy will benefit all participants.
All well and good, but what if you don’t have a boat. A strong economy can benefit workers, with improving wages and expanded employment opportunities.
Investors can benefit through rising asset prices, as witnessed by the very strong recovery in the U.S. stock markets over the last decade.
However, if you’re retired and haven’t committed to a credible retirement financial strategy, the recent, historic bull market is not doing much for you.
We have previously discussed the importance of an effective long-term retirement plan that includes realistic saving and intelligent portfolio management. If you’re still in the workforce, find a way to afford retirement!
All comments and suggestions are welcome.
Walter J. Kirchberger, CFA