This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. It can be nerve-wracking to jump into the stock market waters with the number of issues weighing heavily on investors' minds.
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.
