A Question About Cash

This question was posed by Jenny

Question:

I have $90,500 USD and $40,000 CD so I would like to know what I should be doing with it.

Monday Morning Millionaire Program Answer:

Whether you have US$90,500 or US$905,000 or US$9,050,000 our opinion concerning your question would be the same.  Or over 100 years, stock markets have produced the best returns on investment.

Please note that the Monday Morning Millionaire Program contains opinions only. We do not provide any investment advice or endorsements.

First, keep enough money in your bank account to use in case of an emergency. That could be your $40,000 CD, but you and your spouse must decide. Only invest in the market money that you will not need for five years or, better yet, a decade. The steps which we describe below have worked well in the past.