The Trump Bull Market is ‘Minting’ Lots of Millionaires

The Trump Bull Market is ‘Minting’ Lots of Millionaires

Retirement Millionaires Surge to Record as the Trump Bull Stock Market Runs North

Warren Buffett, “Stocks are ‘ridiculously cheap’ if interest rates stay at current levels”

The number of people with $1-M or more in their 401(k) or individual retirement account on the Fidelity Investments platform reached record levels last Quarter, fueled by higher savings rates along with market appreciation, the fund company said in a report Thursday.

Some 233,000 savers held 7-figure 401(k)s as of 31 December, up about 17% from the prior Quarter.

Among IRA holders, 208,000 people made the club, a 14% increase. Investor savings rates have been trending higher in part because employers are automatically increasing their contributions.

Among people who have been in their 401(k) plan for 10 yrs straight, the average balance reached a record $328,200, Topping the prior high of $306,500 from last Quarter, Fidelity said.

The Trump driven Bull market is Making and Keeping America Great!

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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