20 Genius Things Mark Cuban Says To Do With Your Money

In an exclusive interview with Young Money, a personal finance education and media company, Cuban offered this general investing advice and then followed the statement by saying, “The idiots that tell you to put your money in the market because eventually it will go up need to tell you that because they are trying to sell you something. The stock market is probably the worst investment vehicle out there.”

Although some investors believe the stock market is the ticket to wealth, others believe the market is too risky and volatile. Your stock can be profitable one day, yet it only takes one downturn to lose it all. Rather than put all your eggs in the stock market, Cuban encourages keeping some money in a savings account for a rainy day so you’re protected if something goes wrong.

In his own words, “Buy-and-hold is a sucker’s game … Those who put their money in CDs sleep well at night and definitely have more money today than they did yesterday.”