Please read Vanguard's How America Saves 2017: Vanguard 2016 defined contribution plan data published June 1, 2017. Here are a few quotes from the report:
"Defined contribution (DC) retirement plans are the centerpiece of the private-sector retirement system in the United States. More than 94 million Americans are covered by DC plan accounts, with assets now in excess of $7 trillion. Vanguard is among the leaders in the DC marketplace with more than $1 trillion in DC assets under management as of March 31, 2017."
"Participant contributions to equities were unchanged in 2016 at 74%. In 2016, nearly half (49%) of all new contributions to these plans were directed to target-date funds."
Tuesday, June 13, 2017
Friday, June 2, 2017
Is this market feeling euphoric yet? The S&P 500 was up 1.16% in May. I'm not feeling a collective sense of euphoria, are you? This makes me inclined to think the top of this cycle may happen in the next few years. This market is certainly more expensive than a few years ago and leaves the market vulnerable to any shocks to the global economy. Let's examine price, sentiment, and valuation as we start the month of June.