Do you want to become a millionaire? That’s obviously a rhetorical question… the majority of us would love it. But what’s your plan for achieving that goal? #-ad_banner-#If your plan is to make that sort of wealth in the stock market, then what’s your strategy? Blue-chip stocks, index funds, or do you want to watch your “daily paychecks,” as my colleague Amy Calistri would say, roll in by the truck load? All of these strategies are great. There’s nothing wrong with them and they’ll probably make you money in the long run. But while investing in just steady-eddy, mature companies… Read More
Do you want to become a millionaire? That’s obviously a rhetorical question… the majority of us would love it. But what’s your plan for achieving that goal? #-ad_banner-#If your plan is to make that sort of wealth in the stock market, then what’s your strategy? Blue-chip stocks, index funds, or do you want to watch your “daily paychecks,” as my colleague Amy Calistri would say, roll in by the truck load? All of these strategies are great. There’s nothing wrong with them and they’ll probably make you money in the long run. But while investing in just steady-eddy, mature companies may keep the income flowing in, it isn’t going to make you a millionaire anytime soon. They’re not going to give you those “knocked-out-of-the-park” returns that you’ve heard about since you first learned of the stock market. No, I’m convinced that if your goal is to reach a seven-figure bank account, you need to add a “swing for the fences” element to your overall portfolio strategy… I call it the “10% solution.” The idea behind it is simple. If your goal is to become a millionaire in the market, then you need to dedicate a portion of your portfolio to… Read More