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reply The investment I chose is investing in real estate. I chose this field because I already have a background in the business, so understanding
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The investment I chose is investing in real estate. I chose this field because I already have a background in the business, so understanding market evaluation is a skill I already have. This makes me feel more confident investing in this product because I can evaluate the market and consider the amount of risk I am capable of without seeking professional advice. Additionally, some other factors for the reason I chose this type of investment are due to the long-term wealth accumulation, tax benefits, and passive income. Investing in real estate by holding onto a piece of property can be extremely profitable with the right research of its area and current interest rates. Although other factors are needed, research on area and rates would be the main two factors to consider before making the investment decision because these factors will determine an investor's ROI. Also, real estate is a safe investment because it holds its value and in times of inflation the property value goes up as well. Overall, Real State is a safe investment for me since I am already familiar with this type of product. I don't have any investments yet but when I am ready to take on this type of risk this would be the first avenue I'll dive into, and as time goes on, I will diversify my portfolio in stock, bond, etc. once I gain more knowledge in these types of investments.
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