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If you have over $100k saved and you're afraid to invest, Suze Orman says this is the best thing you can do

The article from 24/7 Wall St. discusses financial advice from Suze Orman for individuals with over $100,000 in savings who are hesitant to invest due to market volatility. Orman suggests that the best action for these individuals is to invest in low-cost, diversified index funds. She emphasizes the importance of not keeping large sums of money in low-yield savings accounts, especially when inflation rates are high, as this leads to a loss of purchasing power over time. Orman highlights that index funds offer a way to spread risk across a broad market, reducing the impact of any single stock's poor performance. She also reassures that while markets can be unpredictable, long-term investment in index funds has historically provided solid returns, making it a safer bet for those looking to grow their wealth without taking on excessive risk.

Read the Full 24/7 Wall St Article at:
[ https://247wallst.com/personal-finance/2024/11/30/if-you-have-over-100k-saved-and-youre-afraid-to-invest-suze-orman-says-this-is-the-best-thing-you-can-do/ ]