Dow Jones record may boost spending; others wary

About an hour after the Dow Jones industrial average hit a record high on Tuesday, Overland Park, Kansas-based financial adviser Brad Stratton got an e-mail from a client asking how she could “make hay while the sun shines.”

Stratton, a former Merrill Lynch broker who set up his own firm last year, said he’s been fielding a lot of such calls lately. Many are from clients who want to capitalise on stock-market gains by purchasing second homes or investment properties.

“They’re seeing opportunity, both as an investment and as a lifestyle change,” he said.

via Business feed http://www.scmp.com/business/economy/article/1182907/dow-jones-record-may-boost-spending-others-wary