09-19-2013, 10:16 AM
And 76% of Americans don't even know what QE is.
<!-- m --><a class="postlink" href="http://ca.news.yahoo.com/poll-end-feds-qe-sight-083330651.html">http://ca.news.yahoo.com/poll-end-feds- ... 30651.html</a><!-- m -->
I mean, that is crazy but I guess expected. With the simple knowledge of QE (and three of them no less) I knew it was the perfect time to buy a house (hello 3.375% 30 year mortgage) and to stay heavily invested in stocks. I upped my 401k contributions as well. I mean, I understand that most Americans don't even have money to invest, but if they had they would be very happy with their returns right now. The period of returns from 2009-today may never come around again in our lifetimes. The crash was one of the best things to happen to the college educated (I say that since the job losses didn't hit them as heavily) middle aged group as we had a nice period of buying very low and watching those purchases increase heavily over the years. Anyone with a decent enough job that was contributing to their 401k from the ages of 21-50 should have done really well. Heck, even my 8 year old son did well as the account I set up for him for college has doubled in 8 years, heh.
<!-- m --><a class="postlink" href="http://ca.news.yahoo.com/poll-end-feds-qe-sight-083330651.html">http://ca.news.yahoo.com/poll-end-feds- ... 30651.html</a><!-- m -->
I mean, that is crazy but I guess expected. With the simple knowledge of QE (and three of them no less) I knew it was the perfect time to buy a house (hello 3.375% 30 year mortgage) and to stay heavily invested in stocks. I upped my 401k contributions as well. I mean, I understand that most Americans don't even have money to invest, but if they had they would be very happy with their returns right now. The period of returns from 2009-today may never come around again in our lifetimes. The crash was one of the best things to happen to the college educated (I say that since the job losses didn't hit them as heavily) middle aged group as we had a nice period of buying very low and watching those purchases increase heavily over the years. Anyone with a decent enough job that was contributing to their 401k from the ages of 21-50 should have done really well. Heck, even my 8 year old son did well as the account I set up for him for college has doubled in 8 years, heh.