I invest, but my 401k is primarily Index Funds. I find that investing in individual stocks results in my looking at them far too often for my own good.
To your point though, I also have a savings account with what most advisors tell me is far too much cash "just sitting there." It's about 1 years worth of living expenses. What they don't understand-or have been conditioned to ignore- is that it gives me incredible peace of mind.
I work for an airline, and aviation can be incredibly volatile. Knowing that I'll land on my feet represents a massive ROI you won't find on the Big Board.
There are two ways to build generational wealth 1. Start a business and put in sweat equity to grow it. 2. Invest in the stock market. Take some risks with your capital with the goal of letting it multiply over time. Neither one is suitable for everyone. People have their preferences and their risk tolerance levels. E.g. I would never do #1 because I don’t want to or like to. I prefer to invest.
Rocco - the cool thing is that you know what you like and dont like. You know what you can stomach and what you prefer to stay away from. Many people dont know their personal finance compatibilities and end up chasing hopes and dreams based on hearsay and peer pressure.
I invest, but my 401k is primarily Index Funds. I find that investing in individual stocks results in my looking at them far too often for my own good.
To your point though, I also have a savings account with what most advisors tell me is far too much cash "just sitting there." It's about 1 years worth of living expenses. What they don't understand-or have been conditioned to ignore- is that it gives me incredible peace of mind.
I work for an airline, and aviation can be incredibly volatile. Knowing that I'll land on my feet represents a massive ROI you won't find on the Big Board.
There are two ways to build generational wealth 1. Start a business and put in sweat equity to grow it. 2. Invest in the stock market. Take some risks with your capital with the goal of letting it multiply over time. Neither one is suitable for everyone. People have their preferences and their risk tolerance levels. E.g. I would never do #1 because I don’t want to or like to. I prefer to invest.
Rocco - the cool thing is that you know what you like and dont like. You know what you can stomach and what you prefer to stay away from. Many people dont know their personal finance compatibilities and end up chasing hopes and dreams based on hearsay and peer pressure.
Cheers!