Avoiding Stocks Might Cost You $3.3 Million
When it comes to investing, risk and reward tend to go hand in hand. And while it's natural to fear the stock market, keeping your money in safer investments could really stunt your savings' growth.
But while older investors may be hesitant to put their money in stocks, younger investors who have time to ride out the market's ups and downs should be more prepared to dive in. Yet a surprising number of millennials aren't biting. A 2016 Harris Poll found that nearly 80% of younger investors don't have stocks in their portfolios. And according to NerdWallet, 63% of 18- to 34-year-olds are stashing their nest eggs in a regular old savings account, as opposed to investing that money and growing it into something bigger.
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Source: Fool.com
