Tom Gentile
Tom'S LATEST HEADLINES
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Why the Old "Buy and Hold" Is No Longer the Way to Go
No matter if you have a mutual fund account, an IRA, or an employer-sponsored retirement account, you've probably been told at some point in time: put your money in for the long term in order to build your wealth.
This mirrors the idea that contributing a specific percentage or dollar amount of your paycheck during your working years will set you up for a nice retirement – and it's the single most common piece of investment advice out there.
But here's my concern…
The amount of money and time you need to build your wealth depends on your own lifestyle and desires. There's no "magic number" for you to reach. Your wealth is what you want it to be.
Now I'm not disputing that you can make money over the long haul…
I'm saying there's a much faster – and much easier – way to finally get that vacation house you've always dreamed of…
So don't let Wall Street hold you back any longer.
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