While there are now less 401(k) millionaires, many investors still made smart moves
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As Wall Street spasmed with fear, 401(k) savers held steadyWhile professional traders on Wall Street scrambled to sell stocks amid a fear-fueled, nearly 20 percent drop for the S&P 500 late last year, most people at home remained relatively calm when it came to their own retirement savings. So say numbers from Fidelity Investments, which show that...
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Jumpy market gives young investors first big test of resolveNEW YORK (AP) — After gliding through years where stocks mostly just rose, a generation of investors last year suddenly confronted a hard financial truth: Stocks are risky and can plunge at any moment. For older investors, the nearly 20 percent drop in the S&P 500 index from late September through Christmas Eve was a reminder of the fear that gripped markets during the 2008 financial crisis, though not as bad. But for many investors in their 20s and early 30s, it was the first test of their mettle since they opened 401(k) and brokerage accounts.
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Volatility will be a key characteristic of 2019 markets, says CFRA's Lindsey BellCFRA investment strategist Lindsey Bell joins 'Halftime Report' to discuss whether the market run of January will carry into the rest of 2019.
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