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401(k) Balances Hit Record Highs at 2012

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    Radio host Carol Roth on the increase in retirement balances.

  • Duration 2:52
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-- -- -- -- -- Hit record levels of the end of 2012 you have poured money it now some of you taken some of it out okay but overall your -- -- done pretty well.

Balances only average 401K.

Are up 12%.

From last year that's a 12% -- -- of the last year.

All right cal let's get back into this.

Buy stocks or sell stocks question.

You don't -- -- you don't think -- it's time for the people watching this program to start shifting some of that pension money out of stocks.

I wouldn't say that either Steward I think that.

If -- -- you're a long term or short term investor I think in the short term if you have benefited.

From the increase in the market over the last month -- the last several years.

It's a good time to protect the increase that says something like putting a stop loss order and or if you have they have financial advisor doing some options strategies to protect your wealth.

I don't think that's a bad idea because in the immediate short term.

I don't necessarily see the beef up these -- sell off but in the intermediate we are going to have a pullback I don't think it's a matter of if I think it's a matter of when.

The -- do you wanna be protecting that but that being said I don't think it shifted overall shift from stocks to bonds make sense either because there's no yield there.

Note if you token 401K.

Money that is long term money you don't trade in announce an -- for most people dug -- on trade in and out that's long -- stuff.

Over the long term and I'm talking years.

You'll pretty happened -- leave it in stocks I would be.

But got got a 41 night its phase in of mutual fund and a fall in stocks that's it.

If you have a long term horizon than you have to have confidence in the market because if we don't have confidence in the market that we're really in a bad situation it's certainly not -- time to make a shift to bonds.

Instilled the of the -- situation changes there so I don't do not see a better option -- what what we benefited from basically over the last couple of years there isn't a better alternative.

A better place that puts at Citi you're right and -- and a lot of companies have a lot of capital on their balance into and that's when -- put that back to work.

That we're gonna start to see real revenue and real profit rise.

And if you see mall buyouts and it's like Warren Buffett buying lions.

And a very nice premium priced 20% -- -- he hit the sweet spot right that.

You see more of that's a long term stock investors bought 401 -- that gonna do OK I suspect.

Last one and it's going to be it's going to be a record year for emanate between the airline mergers Dell Hynes they're going to be across the board and you can end up doing very well that is as well will bad that in mind count Ross former investment bank thanks very much ado about bull bull.

Bull that in mind don't -- -- but -- almost give it another thought that play on what I did kind of drift -- thank you very much indeed wanna go back to --

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