Did You Invest or Consume in 2013?

2013 was a surprising year for the stock market, posting an approximate 30% increase in the stock market! Moreover, house prices also increased at a little over 10% or so for the nation as a whole. These are really significant numbers for gaining wealth!

During raging bull markets it is best not to consume, but rather invest to maximize these outsized returns. Instead, during bear markets, and if you are financially stable, such as being positive about keeping your job etc, it is a better time to consume. Remember during the recession the cash for clunkers program, or closing costs for housing being paid for, etc. Thus overall, it is best not to load yourself up with consumer debt during market boom times, as this will likely make you fall behind quite significantly.