If you've been on the site for awhile, you have a head start
because we've already discussed the importance
of a discipline known as asset allocation, which involves selecting among different asset classes to
build a well - balanced portfolio that can weather different economic environments, tax regimes, global conditions,
inflation or deflation, and a host
of other variables that history has shown will fluctuate over time.
Because, honestly, if you are looking to
build wealth over time, it's not going to happen when you leave your money sitting in a «high - yield» savings account, unable to even overcome the risk
of inflation.