2024-06-10 08:05:00 ET
Summary
- The U.S. population of millionaires grew by 600K last year to 7.5 million, driven by the AI-fueled stock market rally.
- But most of those gains are likely from capital gains, and it's important to take a balanced approach to investing, combining growth stocks with income-generating assets.
- Main Street Capital and Cohen & Steers Infrastructure Fund are two picks that pay dividends on a monthly basis, providing income during market volatility.
A recent article highlighted that the U.S. population of millionaires grew by 600K last year to 7.5 million, driven in large part by the AI-fueled stock market rally by the likes of NVIDIA ( NVDA ), Meta Platforms ( META ), and even Dell Technologies ( DELL )....
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