RADFORD, Va. (WDBJ7) It's been a record setting week on Wall Street. The Dow Jones Industrial Average ended Wednesday at more than 23 hundred points, a historic all-time high.
What does all this mean for us? Students at Radford University are looking into the numbers and investing.
"If you have zero right now this would be a time they should be getting some money into it," said Steven Beach, a Radford University Finance Professor.
Beach says it's a perfect time to start allocating money into the stock market if you've never done it before. He says if you're about to retire and already invested, this may be the best time to start scaling back.
This is a big week for the Dow Jones. It's sounded like a broken record this year, because the Dow has hit four big milestones since January. That could be a sign of continued investor optimism about corporate earnings and economic growth.
"Short term interest rates are almost zero. Only about two and a half percent at the 10 year horizon, so what that does is that allows people to borrow cheaply and also look for alternative places to put their money," Beach said.
This isn't unique to the U.S. Stock markets across the world are at all time highs. The reason why could rest in a confident investor and a big rebound from the 2008 recession.
"We're able to see that slow, steady climb that doesn't scare people off but hasn't encouraged some people to get in. So maybe we're starting to see some people finally getting more and more money allocated into the market which helps them rise as they've been cautious about it for maybe a little too long," Beach said.
More than just stock brokers are enjoying these history making gains. Radford University students are learning about real stock trading. The Student Managed Investment Portfolio Organization manages funds for the Radford University Foundation. Last year their portfolio was valued at over $1.2 million.
The student group has won two international competitions and outperformed professional managers for the university.
All this experience prepares them for careers where they may manage money for other people.