Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q Search this course o Engagement Activity: Chapter 11 Investment Planning 1. Engagement activity - Deciding why you want to invest Tools Why do people

image text in transcribed
image text in transcribed
Q Search this course o Engagement Activity: Chapter 11 Investment Planning 1. Engagement activity - Deciding why you want to invest Tools Why do people invest? People invest their money for various reasons. It is important to think about the reasons you want to invest your maray: Thinking about your own personal or financial goals can help you determine which investments are most likely to help you meet your goals within their time frames People typically invest their money for four main reasons: A-Z 1. To meet retirement income needs 2. To finance major expenditures 3. To supplement current income 4. To shiter income from taxes Think about your own personal and financial goals-short-term, medium-term, and long-term. Below is a list of possible financial goals you might have. Indicate how strongly you agree with each of the stated goals Note: You will be granted a point for any answer you give as there are no right or wrong answers. However, you must answer every question to receive full credit. If none of the offered answer choices is an exact fit, choose the one that most closely reflects your situation or opinion 11:12 PM 11/19/2021 34'F Clear Search this course Engagement Activity: Chapter 11 Investment Planning Think about your own personal and financial goals--short-term, medium-term, and long-term. Below is a list of possible financial goals you might have. Indicate how strongly you agree with each of the stated goals. Note: You will be granted a point for any answer you give as there are no right or wrong answers. However you must answer every question to receive full credit. If none of the offered answer choices is an exact fit, choose the one that most closely reflects your situation or opinion Level of Agreement Financial Goals I would like to finance the purchase of a home in the near future, I would like to retire wealthy. I would like to leave a nest egg for my descendants when I die. I would like to save money for a vacation or travel in the near futur I would like to retire foarter than the usual retirement age. I would like to supplement my current income with additional income from my investments I would like to start my own business I would like to pursue a graduate degree I would like to pay for a wedding or a honeymoon trip. I would like to buy a new car in the near future, I would like to help finance a child's education

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions