Beyond Crypto: This Is the Secret Sauce to Retiring a Millionaire
— Retirement, Achieving stock market success, Extending, Great companies, Start investing, Investing, Nascent asset class, Doubt, Made, Ideally targeting returns — 1 min read
Bitcoin and Ethereum have produced trailing five-year returns of 700% and 310% compared with the S&P 500's total return of only 73%. While some cryptocurrencies have crushed stocks in recent years, they are not the right investment for everyone. The potential range of outcomes for the still-nascent asset class is too much uncertainty for most to stomach. People should start investing at a young age and let compounding take care of the rest, says Andrew Keen. Keen: There really is no secret to retiring a millionaire. It's actually quite simple. It can be done without owning any cryptocurrencies. And with this mindset, you're well on your way to becoming a millionaire, Keen says. And the best part is that it can Source