March is one of my favorite months of the year. The days are getting longer, the NASCAR season is gearing up, baseball’s spring training is underway, and, of course, basketball is readying to take over our televisions for one “mad” month.
This year, the markets are making March even more exciting. We have hit new highs in all three indices of the U.S. stock market, and the Federal Reserve (Fed) has finally convinced us it is serious about raising short-term interest rates. Personally, I think that is a good thing. Why? It means the economy is on very solid footing. Also, as a saver, I am happy to start getting some income in my savings accounts and other short-term investments that I have sitting around (waiting to pay for those dreaded college bills).