 Virtually
no other resource available provides you with the potential
to build money better than long-term investing in the
stock market. And the sooner you start investing, the
better.
Here are some facts and figures to bring this point home:
Despite ups, downs, bulls, bears, and the occasional major crash...since 1926, stocks have returned an average gain of 11.2% per year. That means $1,000 invested in 1926 would have turned into $2.35 million by the end of 1998.
$1,000 invested in large-company stocks over just a 10-year period — from December 1988 to December 1998 — became $5,780, a gain of 478%.
For any 20-year period since 1802, the worst stocks have performed is a 1% gain.
Not too shabby. Of course, it's important to point out that a stock's past performance is no indication of future results. But if you do your homework — educate yourself about stocks and stay up-to-date on current news — you'll be in a much better position to make sound financial planning decisions on your family's behalf.
We'll talk about the best ways to do that next....
Source information — All of the above statistics came from Chapter 5 of Chuck Carlson's new book and are sourced from a book by Jeremy Siegel called Stocks For the Long Run (McGraw-Hill). The above referenced performance of stocks are based on the S&P 500 Index. |
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