Hey! My one year CD just renewed @ .35%! YEEHAW!!! Can’t decide if I’ll buy a case of Rolling Rock or a ham sandwich with the interest check!
A quick check of my account reveals I made 8.5% on my stock portfolio in 2011. That is the year that all these millionaires supposedly lost money, according to the article:
“The main reason for all this wealth loss? Stocks.”
“With the wealthy today increasingly dependent on stocks for wealth, last year’s stalled stock market shrunk the population of millionaires and nicked the fortunes of existing millionaires. According to BCG, the amount of wealth held in equities declined 3.6 percent last year.”
I don’t know what these other guys were investing in, but it was not that hard to make money in 2011. This year is a different story.