Shutterstock photo(RTTNews.com) - The China stock market has finished lower in two straight sessions, slipping almost 20 points or 0.6 percent along the way. Among the actives, Agricultural Bank of China shed 0.60 percent, while Bank of China lost 0.84 percent, Industrial and Commercial Bank of China dipped 0.21 percent, Vanke skidded 1.77 percent, Gemdale tumbled 2.06 percent, PetroChina gave away 1.17 percent, China Shenhua advanced 1.36 percent and China Petroleum and Chemical (Sinopec) was unchanged. The Shanghai Composite Index now rests just above the 3,135-point plateau although the market may find traction on Thursday. The European and U.S. markets were mixed and flat and the Asian markets are tipped to follow suit. The lead from Wall Street offers little clarity as stocks were mixed on Wednesday following the Fed's monetary policy announcement.
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But allow me to take the other side and offer some possible reasons why the boomers won't destroy the stock market in the coming years as they retire en masse. A number of people have asked for my thoughts on this blog post from Lightfield Capital about the potential for baby boomers to take down the stock market in the coming years from forced sales during retirement. At age 70.5 you are forced to start drawing down your tax-deferred retirement accounts so the government can claim some tax revenue on those investments. Financial advisors, robo-advisors, ETFs, targetdate retirement funds, and auto enrollment have all made it far easier for investors to broadly diversify their portfolios. Surprisingly, households — and those acting on behalf of households such as pension funds — have been net sellers of stocks for years.
Analysts Divided Over Stock Market Valuation In Trump EraIs the stock market overvalued at current levels? CHARLES LANE, BYLINE: The stock market is overvalued by conventional measures. LANE: What's surprising about these current market highs is that since January, most stocks have not risen in value. But some are skeptical that Trump can deliver and think the market is overvalued. REBECCA PATTERSON: What's another good water analogy - choppy waters, deep waters, boiling waters.
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collected by :Jack Luxor
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Why Baby Boomers Won't Destroy the Stock Market in Retirement
But allow me to take the other side and offer some possible reasons why the boomers won't destroy the stock market in the coming years as they retire en masse. A number of people have asked for my thoughts on this blog post from Lightfield Capital about the potential for baby boomers to take down the stock market in the coming years from forced sales during retirement. At age 70.5 you are forced to start drawing down your tax-deferred retirement accounts so the government can claim some tax revenue on those investments. Financial advisors, robo-advisors, ETFs, targetdate retirement funds, and auto enrollment have all made it far easier for investors to broadly diversify their portfolios. Surprisingly, households — and those acting on behalf of households such as pension funds — have been net sellers of stocks for years.
Analysts Divided Over Stock Market Valuation In Trump EraIs the stock market overvalued at current levels? CHARLES LANE, BYLINE: The stock market is overvalued by conventional measures. LANE: What's surprising about these current market highs is that since January, most stocks have not risen in value. But some are skeptical that Trump can deliver and think the market is overvalued. REBECCA PATTERSON: What's another good water analogy - choppy waters, deep waters, boiling waters.
read more visit us Money
collected by :Jack Luxor
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