Originally Posted by street
I have so many friends that are scared to death of the stock market. I have asked a few through the years, if they have any mutual funds etc. and they think a person is crazy to have money in the markets.
I can't imagine not being in the markets. There is no way living of off CD's, MM funds can make you a enough to even live a few months on.
Some of them are young and some are in their 60's and all working full time. Some own ranches and some working for a wage.
There are many roads that can lead to wealth. Stock market, real estate, gold, Bitcoin, etc. But I do know this.
It really is possible to “save” yourself into the poor house. Due to inflation and other unexpected events, if you just have straight cash for years... then you will most likely not have much left over after you are done working.
Just a question of what sorts of returns are you looking for, how hands on do you want to be, and what sort of time frame are you looking at.
I remember years ago someone did a study and found that for any 30 year period, the stock market has always done better than any other investment, over that time frame. In shorter time frames real estate, precious metals, etc might have done better, sometimes WAY better.