Here are two scenarios. One: you are a retiree who in recent years has been concerned about the value of your stock portfolio.
Category: Mutual Funds
For most Americans, Dow 20,000 carries little benefit
While Wall Street celebrates yet another stock market record – surpassing 20,000 on the Dow Jones industrial average – many Americans have little reason to cheer. Despite the spread of 401 retirement plans, the wealthiest 10 percent of households own roughly 80 percent of stock market wealth.