By Dan Ferris
Stocks have been the best way for most folks to build real wealth with their savings over the long term...
Since the day before I was born, the S&P 500 has risen annually by an average of 7.2%. It doesn't sound like much, but it's a great return if you can keep it up for 60 years.
Every $10,000 invested 60 years ago is worth about $640,000 today. That's not bad for doing absolutely nothing for 60 years... though I must admit that someone probably doesn't have a lot of capital on hand the day they're born.
My point is... equities are near all-time-high valuations today, and anybody who has held them for decades knows they've been a tremendous long-term investment.