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Wealthy people usually aren't born that way. Most spend their lives amassing their fortunes by working hard, spending little, saving a lot and investing wisely. It may sound like a simple strategy, but the fact that the vast majority of Americans fall short of millionaire status proves that it's easier said than done. Then again, 10.4 million households in the U.S. have $1 million or more in investable assets, according to market research and consulting firm Spectrem Group, and their ranks are growing. So it's not impossible. Read on to learn what you might be doing to keep yourself out of the millionaire's club. More importantly, find out how you can change your ways and build your own seven-figure
- NewsReuters•1 hour ago
Amazon.com Inc said on Monday it has opened a brick-and-mortar grocery store in Seattle without lines or checkout counters, kicking off new competition with supermarket chains. Amazon Go, the online shopping giant's new 1,800-square-foot (167-square-meter) store, uses sensors to detect what shoppers have picked off the shelf and bills it to their Amazon account if they do not put it back. The store marks Amazon's latest push into groceries, one of the biggest retail categories it has yet to master.
- BusinessReal Money•yesterday
The major indices have had a great run since the U.S. Presidential election, but not every stock has been along for the ride. Tesla Motors (TSLA) has badly underperformed the overall market since the election, and according to the charts, the stock still has a rough ride ahead of it. First, we'll compare the performance of Tesla (red) to the SPDR S&P 500 ETF (SPY) (green) since the start of November. The post-election rally may be losing steam, but Tesla's lack of participation could be indicative of deeper problems to come. While the major indices have been scaling new heights, yesterday Tesla finished the day just $0.30 above its lowest closing price since February. In the chart below, Tesla