and mutual funds track, 29%, the biggest jump since 1997. in a typical year you re looking at a gain closer to 8% for s&p 5 500. fed stimulus. the fed has been pumping billions of dollars a month. it will start pulling back on that. contrary to what we may have expected it hasn t spooked the market at all. it shows it has confidence that the economy looks like it could start to stand on its own and that gives investors confidence, too. as we begin the day, the dow is up 16 points. we will see how the dow does. even any minute gain for the dow, kyra, means yet another record high. kyra? always cheering more confidence in 2014. i hear you. alison, thank you so much. for the 74 people on the stranded research ship, they have a lot of confidence in antarctica, that s for sure. the new year has already
any job at all and small business owners aren t doing very well. yeah. i m going to bring in zani here because if you own your own home, you have a 401(k), you re benefiting from the fed stimulus, $85 billion into the economy. a generation of investors basically have been raised on all this money sloshing around and very low interest rates. so, the big question is when does all of that stop? i think that s absolutely right, and you re right to say that the economy has gotten better this year, but it s still a pretty weak recovery, and the big question i think is whether 2014 is going to bring a sustained acceleration. and there s a lot of optimism now that it is, that finally, we re going to get some real momentum. we re seeing a little bit more momentum in the labor market. monetary policy s incredibly loose. and finally, next year, the budget deal means we re not going to have so much fiscal tightening, and hopefully, that means the economy accelerates, accelerates enough that mo
people complaining all the fed stimulus benefited people who already have mon, not those out there looking for a job. something the fed nominee janet yellen has really spoken a lot about. she wants the job market to improve. that s why you have two speeds. right? you ve got a stock market doing well, a job market just starting to heat up. exactly. the big question that a lot people, particularly critics in the fed have, even though the fed has been really trying to do everything in its power for five years to get the economy back on track, all that we re really seeing evidence of is wall street is doing well. the stock market keeps going higher and higher. maybe the fed continues to buy more bends well through next year, great news again for investors, but it may not mean necessarily a great level of job growth. creating 200,000 jobs or so a month. just in that range when is okay for recovery. right. it s middling. keep in mind. we had the financial crisis and recession, 2008.
yellen s confirmation that fed stimulus will continue despite reports and rumors of a paper possibly coming as soon as next month. but look, you want to sit down with a financial planner and think about how your investments should be lined up to prepare for the feds paper because it will come at some point and the fed stimulus has been propping up stocks. it sing something to keep in mind. what goes up must come down inevitably. so you have to keep an eye on your 401(k). exactly. they are littered with fees. there are studies show a couple over a lifetime will pay upwards of $155,000 in 401(k) fees. this is because employers actually hire asset managers to run these accounts and that s not free. so new laws from last year actually said that employers now have to disclose to the employees what that fee breakdown is. so you might decide that it s cheaper to open up a roth ira as another way to jump start your retirement system. i m tired of seeing fred