Reported about 17 hours ago
Financial expert Humphrey Yang emphasizes the importance of avoiding the mistake of letting money sit idle in cash, which can lead to significant losses over time due to inflation. He argues that investing money in assets like stocks, particularly in an S&P 500 fund that averages 8% annual returns, is crucial for maintaining and growing wealth. Yang warns that failing to invest can diminish purchasing power and highlights the long-term benefits of taking calculated risks in financial decision-making.
Source: YAHOO