Money Minute: Is It Time to Dive Back Into Stocks? How to Get $1 Million in Your 401(k)
Stock market investing is becoming trendy once again. That's just one of the top money stories you need to know today.
Mom and pop investors –- that's us, the regular people –- are jumping back into stocks. Many retail investors had stayed on the sidelines and watched as the market rallied over the past several years. They've been reluctant to take the stock market plunge, ever since the financial crisis of 2008 wiped out more than a third of their retirement accounts. But some market pros worry the new-found optimism may signal the bull market is nearing an end.
The Dow Industrials (^DJI) rose 21 points yesterday, ending at yet another record high. The S&P 500 (^GPSC) added a single point and the Nasdaq (^IXIC) barely budged.
Can your retirement account rise to a million dollars, even if you're not a top executive? Fidelity Investments, which administers more 401(k) accounts than anyone else, says a lot of people have been able to do just that.
Here's how: they started young, put about 14 percent of their salary into their retirement account, and take advantage of their employer match. By age 59, on average, many people had retirement accounts worth more than a million bucks.
Shares of News Corp. (NWSA) are set to slide after the media company posted disappointing sales in its first quarter as a stand-alone company. It recently split off its movie and broadcast businesses into a new company. News Corp. retains The Wall Street Journal and a number of newspapers in the U-K and Australia.
Another media company, Tribune, reported a profit even though sales fell. Tribune is also in the process of separating its profitable TV business from its struggling newspaper assets, which include the L.A. Times and the Chicago Tribune.
And jury selection begins today in the penalty phase of closely-watched case between Apple (AAPL) and Samsung. Apple won at trial, but the judge ordered a separate jury to decide on how much Samsung must pay for violating Apple patents on the iPhone and iPad.
-Produced by Drew Trachtenberg