The recent market advance and equivalent advance of my company stock has improved our retirement savings by about 14%, providing a 5.6% return for the year. I am feeling positive about the retirement accounts for the first time this year. Unfortunately, I know the gains may be fleeting since the potential of central bank intervention has been driving most of the market advances in 2012.
Hopefully, the market advance will continue past the September FOMC meeting and the German court ruling on the ECB bond buying proposal. I would love the have the same positive attitude at the end of September :-)
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This is not financial or investing advice. Please consult a professional advisor.
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