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The Rising Sun	Reply #1 Tue Apr 25, 2017 10:38 pm
Member Registered: Oct 2013 Posts: 7912
The Rising Sun	Reply #2 Thu Feb 09, 2017 9:54 pm
Member Registered: Oct 2013 Posts: 7912	10 Reasons You Will Never Make $1 Million Dollars http://www.kiplinger.com/slideshow/saving/T047-S001-10-reasons-you-will-never-be-a-millionaire/index.html?rid=SYN-yahoo&rpageid=15652&yptr=yahoo ---You fear the stock market Cash stuffed under your mattress or even deposited in a savings account won't keep up with inflation, much less grow into $1 million. In order to maximize your gains, you need to invest your money wisely. In many cases, that means putting your money mostly in stocks. Consider the math: According to Bankrate.com, the highest yield you can expect from a money market account right now is 1.26%. If you put away $10,000 in one and added nothing else, in 10 years, with monthly compounding, you'd have about $11,340 total. But if you invested that $10,000 and earned a 6% return, you'd have almost $18,200, or $6,860 more. What you can do about it There's no denying that the stock market can take you on a bumpy ride, so your fears are understandable. But steeling yourself and diving in is well worth it. """""""""Over the long term, stocks have marched upward and proved to be the investment of choice for expanding wealth."""""""""""""" Savings earmarked for retirement are particularly well suited for the stock market. With a long time horizon, you have time to recover from market dips.

10 Reasons You Will Never Make $1 Million Dollars
http://www.kiplinger.com/slideshow/saving/T047-S001-10-reasons-you-will-never-be-a-millionaire/index.html?rid=SYN-yahoo&rpageid=15652&yptr=yahoo

---You fear the stock market
Cash stuffed under your mattress or even deposited in a savings account won't keep up with inflation, much less grow into $1 million. In order to maximize your gains, you need to invest your money wisely. In many cases, that means putting your money mostly in stocks.

Consider the math: According to Bankrate.com, the highest yield you can expect from a money market account right now is 1.26%. If you put away $10,000 in one and added nothing else, in 10 years, with monthly compounding, you'd have about $11,340 total. But if you invested that $10,000 and earned a 6% return, you'd have almost $18,200, or $6,860 more.

What you can do about it

There's no denying that the stock market can take you on a bumpy ride, so your fears are understandable. But steeling yourself and diving in is well worth it. """""""""Over the long term, stocks have marched upward and proved to be the investment of choice for expanding wealth.""""""""""""""

Savings earmarked for retirement are particularly well suited for the stock market. With a long time horizon, you have time to recover from market dips.