Wealth, Freedom & Options With Joshua Belanger

Earlier today, I stumbled upon an article titled, "Stocks Your Parents Should Have Bought the Year You Were Born". Now, this article was for the baby boomers, because I wasn't born yet. One example they provided is if my grandparents had bought $1,000 worth of stock in General Electric in 1943 and held it to now, it would be worth $197k + dividends. However, $1,000 in the 1940's isn't the same buying power today. A $1,000 investment back then would be $16,894.64 in 2016 due to an annual inflation of around 4%. My great grandma, June wasn't an investor, she was a hoarder. While cleaning her house after she passed, we found a small amount of money hidden in odd spots. In one place, we found $10,000 stashed in a pocket of an old sweater, which was buried under years of other clothes that she accumulated. She would rather stash her money even though it depreciated and also risk losing it all in a house fire. That is how most approach investing. They stash it away or give it to someone else to deal with