As a young adult, what is the most important thing you can invest in? Ramsey says again and again that you need to invest in yourself. You can do this by reading (to become smarter) and working hard.
If you were giving advice to a friend, what would you say are the most important things to know about investing? First, that you should do your homework. Second, that diversification is smart. Third, to make money there is some risk involved.
Explain why single stocks carry a high degree of risk. The company can go bankrupt and you would lose all of your money. It is no longer making a profit so neither do you.
Why do you think it is important to consider both salary and benefits when applying for a job? Even if a job pays less it might equal out to be the better one because of the benefits.
What is real estate? Why is it considered an investment? Real estate is anything from a patch of dirt to a waterfront house. It is an investment because you put money in by buying and expect to receive more that you put in when you sell.
Mutual funds are a better investment because there is a lower risk and it is about the long-term commitment. Over time, you'll make money and more money. Stocks are too much risk!
Benefits from a job are important, especially retirement benefits. You're going to want something that will help keep you covered when you're old. Salary of course is important, we've all got bills to pay. Plus you should put 15% of that income away for your retirement each year.
As a young adult, what is the most important thing you can invest in?
ReplyDeleteRamsey says again and again that you need to invest in yourself. You can do this by reading (to become smarter) and working hard.
If you were giving advice to a friend, what would you say are the most important things to know about investing?
ReplyDeleteFirst, that you should do your homework. Second, that diversification is smart. Third, to make money there is some risk involved.
Explain why single stocks carry a high degree of risk.
ReplyDeleteThe company can go bankrupt and you would lose all of your money. It is no longer making a profit so neither do you.
Which are a better investment, stocks or mutual funds? Explain.
ReplyDeleteMutual funds are because they have the best balance of risk and return.
Why do you think it is important to consider both salary and benefits when applying for a job?
ReplyDeleteEven if a job pays less it might equal out to be the better one because of the benefits.
What is real estate? Why is it considered an investment?
ReplyDeleteReal estate is anything from a patch of dirt to a waterfront house. It is an investment because you put money in by buying and expect to receive more that you put in when you sell.
I want to learn the best ways to invest and when i can start investing!
ReplyDeleteThe most important thing to invest in is myself!
ReplyDeleteSingle stocks are dangerous because companies are unpredictable and it's their value that determines your stock value.
ReplyDeleteMutual funds are a better investment because there is a lower risk and it is about the long-term commitment. Over time, you'll make money and more money. Stocks are too much risk!
ReplyDeleteBenefits from a job are important, especially retirement benefits. You're going to want something that will help keep you covered when you're old. Salary of course is important, we've all got bills to pay. Plus you should put 15% of that income away for your retirement each year.
ReplyDelete