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Tom Yeung here with today’s Smart Money.
They say you can tell a lot about a person by the car they drive.
Some people like to flaunt their wealth and drive six-figure sports cars or SUVs so large that you need a stepladder to get in. I would bet their investment portfolios are made up of flashy growth stocks.
Others adopt a practical approach, like owners of an electric Model 3 Tesla or a dark red minivan heading to their kids’ soccer practice. You usually see them wear sensible shoes, and they probably invest their 401(k) in target-date index funds.
