Investments Padlet - Briana Frazier by Briana Frazier https://padlet.com/04bfrazier/2qpoku58qgkgwcdj en-us 2020-11-30 15:43:27 UTC 2020-11-30 16:46:14 UTC hello@padlet.com https://padlet.net/icons/png/1f63d.png 1. Your friend says, “I have some extra money, but I’m not sure if I should save or invest it.” What 3 key questions would you ask your friend to help them figure out what to do? 04bfrazier https://padlet.com/04bfrazier/2qpoku58qgkgwcdj/wish/971808699 - What are the goals ? what are you looking for to come out of the investment or saving ?
- Are you trying to save up for something ? 
- If you are going to invest do you have the time it takes ? ]]> 2020-11-30 15:45:58 UTC https://padlet.com/04bfrazier/2qpoku58qgkgwcdj/wish/971808699 2. What is the advantage of investing early for retirement? Must be at least 3 sentences 04bfrazier https://padlet.com/04bfrazier/2qpoku58qgkgwcdj/wish/971813804 The sooner you invest is the better your profit will be in the long run. The way that investments work is it uses the original amount you invested and uses the compound interest to enlarge your profit. By holding the investment and letting it stay overtime it is guaranteed to make you a greater profit which is why you have to be patient. ]]> 2020-11-30 15:46:44 UTC https://padlet.com/04bfrazier/2qpoku58qgkgwcdj/wish/971813804 3. If investing can bring higher returns, why should you put money in a savings account at all? Must be at least 3 sentences 04bfrazier https://padlet.com/04bfrazier/2qpoku58qgkgwcdj/wish/971819534 Saving money is more for short term problems that pop up. You should always save no matter what because you never know what could happen . Although it isn't like investing where you get a large profit in return, you should still have some in savings for emergencies. ]]> 2020-11-30 15:47:47 UTC https://padlet.com/04bfrazier/2qpoku58qgkgwcdj/wish/971819534 4. What 3 tips would you give someone who is about to invest their money for the first time? (can be bullet points) 04bfrazier https://padlet.com/04bfrazier/2qpoku58qgkgwcdj/wish/971820463 - Have patience
- Start early
- Always start small, keep it simple]]> 2020-11-30 15:47:58 UTC https://padlet.com/04bfrazier/2qpoku58qgkgwcdj/wish/971820463 5. What did you learn from the infographic doc that you didn't know before? (at least 2 sentences) 04bfrazier https://padlet.com/04bfrazier/2qpoku58qgkgwcdj/wish/971822158 I learned that investments take quiet a long time, I always thought it took a couple week but it takes way longer. Also I wasn't aware of the risks that you have to take in order to have a investment.]]> 2020-11-30 15:48:17 UTC https://padlet.com/04bfrazier/2qpoku58qgkgwcdj/wish/971822158 6. How do you think you will invest your money? Which methods? What age? Percentage of future paycheck? ( at least 6 sentences a.k.a. a paragraph) 04bfrazier https://padlet.com/04bfrazier/2qpoku58qgkgwcdj/wish/971824836 If I were to invest I would start early like the infographic recommended so I would start at about 18 maybe 19. The methods that I would prefer to use are cash and equivalents or hard assets just because they are most likely to have lower risks. I chose cash and equivalents because you get to keep some cash while investing but still leaves room for you to have new opportunities. I was also interested in hard assets because it lets you have some things in a portfolio while having low risk which I like because just the thought of high risks scare me. I’m not really sure the exact amount I would save, but according to the infographic the percentage with the lowest risk is 0.72% but that isn’t alot to invest. I think the right amount would be 7.7% because the risk is medium and that seems like the right amount to be investing.]]> 2020-11-30 15:48:45 UTC https://padlet.com/04bfrazier/2qpoku58qgkgwcdj/wish/971824836