One of the most powerful ways to promote financial stability across generations is by teaching your children and grandchildren about money from an early age.
It can take years to recover when too much of your portfolio is tied up in an investment that goes bad. That said, the truth of the matter is this: You can be wrong half the time and still make a fortune.
The stock market often provides a bumpy ride in the short term, but zooming out shows its powerful wealth-building potential. The trick for investors is to figure out how to thrive despite volatility, allowing them to stay invested for the long haul.