Where to Invest $1 Million Right Now
Becoming a millionaire is often considered a financial milestone in America -- crossing the seven-figure mark for net worth puts you in the top 3% of the U.S. population, according to research firm Spectrem. But a million dollars still might not be enough for a comfortable retirement.
A recent survey by Ameriprise Financial found that just 13% of Americans with over $1 million in investable assets considered themselves wealthy. Another survey by Charles Schwab found that most Americans believe that they needed an average of $1.7 million to retire.
That isn't surprising since the average annual inflation rate of about 3% over the past century has greatly reduced the purchasing power of $1 million. The easiest way to offset that inflation is to invest your cash in a well-diversified portfolio of bonds, stocks, and funds. Let's discuss the smartest ways to invest $1 million in today's market.
Source Fool.com
