By the way, folks, Washington Post is reporting Fidelity. The Mutual Fund family is saying that 401k

Millionaire Club grew thanks to a stock market rally. George read over this. This is good.

This is pretty wild. So new data from Fidelity found the number of employees

with 401 balances over $1 million spiked 26% in the second quarter. So now there's 378,000 of

those accounts compared to under $300,000 by the end of 2022. And the average balance in these 401ks

was $1.5 million.

And here's the key.

They stuck to it.

These are people who contributed steadily to their plans, even when the stock market took a heart-clutching dive.

It says they've seen that payoff in their account balances.

And this is something that, you know, we've been preaching.

You've been preaching it for 30 years now.

But just stay on the roller coaster and you won't get hurt.

Well, and here's the thing.

You know, when the news reports that the stock market is up, never.

Did you guys know the stock market's up since the first of the year, 15%?

If you put in $10,000 or $5,000 or $1,500 million, whatever, at the first of the year,

you would have made 15% on your money in an S&P 500, which is a stock market index, right?

It's measuring the growth of the stock market and made 15% on your money.

But, you know, the news is inflation's 9.6%. There's supply chain

problems. And Hillary, the hurricane, not the woman, hit California. I mean, this is it.

That's a good caveat. Yeah, we need to be clear with no emails were deleted in this message.

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