User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


60° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Stock Market Ends In Record Year

December 30, 2013, 10:10 PM by Angela Kennecke

Stock Market Ends In Record Year
SIOUX FALLS, SD -

The stock market is ending the year on a 15-year record high.  But that has investors worried about what 2014 may bring.

Investors have been running with the bulls all year long.

"The S & P is up 29 percent.  The Dow is up 25-26 percent.  Yeah, it's a great year," Waddell & Reed Financial Advisor Tom Carson sad.

But what goes up, eventually must come down, and the bears could make their way in to the market.

"Nobody really knows when they're going to go up or down," Carson said.

But Carson believes we are now in a third economic cycle.  First was the recession, then recovery and now expansion.

"Technically a lot of people might say we're now in this expansion of the economy and we might be actually mid-cycle with that," Carson said.

What does that mean for the average mutual fund investor who has money tied up in a 401(k)?  Carson says paying attention to it can protect your retirement money.

"Look at your 401(k) allocations twice a year, or at least once a year.  Some things are going to grow faster than others; some things slower than others and eventually your portfolio is going to get out of balance and if there's a correction you might get caught too aggressive or too conservative," Carson said.

But Carson doesn't expect the big "correction" that some investors fear.

"I wouldn't say the boom we had in 2013; but if we can follow up this year with some modest growth, maybe mid to high single-digit growth that would be a good year," Carson said.

If you want to take advantage of a rising stock market, increase the percentage of your salary deferral each year and make sure you are contributing enough to earn the full match if your company offers one.  That's free money you don't want to pass up.

Previous Story

Next Story


Comments







 
Find Local Businesses on KELO Pages!

View business

You may also like

Millions Of Android Phones At Risk For Heartbleed

4/15/2014 4:10 PM

If you've got an Android phone, your device could be susceptible to the Heartbleed security problem.

Full Story
Shrimp Prices Soar

4/16/2014 11:00 AM

The next time you order shrimp scampi of the menu, you may be in for sticker shock. 

Full Story
Headliners For JazzFest Announced

4/17/2014 10:54 AM

Plans are in place for JazzFest 2014 in Sioux Falls.

Full Story
Key Unlocks Gas Pumps For ID Thieves

4/14/2014 10:10 PM

Drivers who've fueled up in Rapid City are being warned that their debit and credit card numbers may have been stolen after "numerous" s...

Full Story | Watch
Eric Church Concert Near-Sellout Within Minutes

4/18/2014 5:55 PM

The first ticket sale to an event at the new Denny Sanford PREMIER Center proved to be a boon at the box office Friday

Full Story | Watch


Events

 
 
KELOLAND TV: 501 S. Phillips Avenue, Sioux Falls, SD 57104
Phone: 605.336.1100 · Breaking News call: 1-800-888-5356
Web Site Design and Custom Programming By: Lawrence & Schiller© 2014 KELO-TV -- KELOLAND.COM -- ALL RIGHTS RESERVED