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Imagine you are a financial advisor for a major firm. A new client has asked you to help him with investing his money so he
Imagine you are a financial advisor for a major firm. A new client has asked you to help him with investing his money so he can retire in style. He is 22 years old and just got his first job after college and is making $75,000 per year. What advice would you give him? Be specific and explain your reasoning behind your advice. Your response should be at least a half of a page in length and no more than one page in length. Try to use some of the terms you used in your final analysis on your stock market project.
Terms to use:
- Investment versus savings
- Mutual Funds
- Diversification
- Portfolio
- Liquidity
- Risk and Return
- Miracle of Compound Interest
- Your time horizon (how long you have to retire)
- Pyramid of Risk and where on the pyramid you would invest
- Bonds (specifically what type of bond would you invest in)
- Bonds versus stocks risks
- Dividends for stocks
- Capital Gain
- Income versus Growth stock
- Stockbroker/brokerage firms
- New York Stock Exchange/Blue Chip
- NASDAQ /Technology
- Other the Counter Market (OTC) penny stocks
- Bull and Bear Markets
- Dow Jones and S&P 500
- Futures Market (gold, oil, orange juice,etc)
- Real Estate
- CryptoCurrency
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