Question
Is it more important for you to have your money in a money-market account where it is safe and you can sleep at night, even
Is it more important for you to have your money in a money-market account where it is safe and you can sleep at night, even if it is making only 1% per year, or to risk your money in the stock market where the potential returns are greater? What percent of your original investment would you be willing to lose before you reevaluated your strategy? Imagine you have a relative who is a financial advisor. Would you rather work with that person or with someone with whom you have less of a personal relationship? Why? Imagine that you have $20,000 that you need to invest. Consider the investment options that you learned this week. If you could only invest your money in three different ways, what options would you choose? Why? Class, if you are among those who feel you should choose a financial advisor outside of your circle of family and friends, how do you go about choosing? Are there different types of advisors? How do you know you are choosing the right one? Class, how does Suze's questions of what the surroundings of your advisor are like have anything to do with the advise they give? What difference does messy vs organized mean? How does this first impression affect your decision making when choosing an advisor? Class, many of you have a percentage in mind that would cause you to rethink your investments and that is what this question is about. The one thing that I did not ask though is what percentage of profit are you looking to make? How does this earning affect your idea of how much are you willing to lose? How often should you be checking your investments to stay on top of your earnings and losses?
Is it more important for you to have your money in a money-market account where it is safe and you can sleep at night, even if it is making only 1% per year, or to risk your money in the stock market where the potential returns are greater? What percent of your original investment would you be willing to lose before you reevaluated your strategy? Imagine you have a relative who is a financial advisor. Would you rather work with that person or with someone with whom you have less of a personal relationship? Why? Imagine that you have $20,000 that you need to invest. Consider the investment options that you learned this week. If you could only invest your money in three different ways, what options would you choose? Why? Class, if you are among those who feel you should choose a financial advisor outside of your circle of family and friends, how do you go about choosing? Are there different types of advisors? How do you know you are choosing the right one? Class, how does Suze's questions of what the surroundings of your advisor are like have anything to do with the advise they give? What difference does messy vs organized mean? How does this first impression affect your decision making when choosing an advisor? Class, many of you have a percentage in mind that would cause you to rethink your investments and that is what this question is about. The one thing that I did not ask though is what percentage of profit are you looking to make? How does this earning affect your idea of how much are you willing to lose? How often should you be checking your investments to stay on top of your earnings and lossesStep by Step Solution
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