Investments by Matthew Close https://padlet.com/05mclose/5t0yzu5xhtdwcu5m By: Matthew Close en-us 2020-11-30 15:43:12 UTC 2020-12-01 01:53:31 UTC hello@padlet.com https://padlet.net/icons/png/1f608.png friend question 05mclose https://padlet.com/05mclose/5t0yzu5xhtdwcu5m/wish/971820052 Your friend says, “I have some extra money, but I’m not sure if I should save or invest it.” the questions you should ask them to figure out what to do is, 1. do you want it to be a long term thing, or short term? 2.do you want to be safe with it? 3. do you want to save for retirement?]]> 2020-11-30 15:47:53 UTC https://padlet.com/05mclose/5t0yzu5xhtdwcu5m/wish/971820052 What is the advantage of investing early for retirement? 05mclose https://padlet.com/05mclose/5t0yzu5xhtdwcu5m/wish/971862422 the earlier you invest the less you will have to pay out of pocket to be sustainable in retirement. if you start early then you wont have to pay all that much because of compound interest. if you start later, than you cant use compound interest to its fullest potential.]]> 2020-11-30 15:55:43 UTC https://padlet.com/05mclose/5t0yzu5xhtdwcu5m/wish/971862422 If investing can bring higher returns, why should you put money in a savings account at all? 05mclose https://padlet.com/05mclose/5t0yzu5xhtdwcu5m/wish/971885805 if you want to save for a car, or something big like that then you want a savings account. if you want to have money in case something bad happens, than you want a savings account. if you want a account for traveling than you want a savings account]]> 2020-11-30 15:59:56 UTC https://padlet.com/05mclose/5t0yzu5xhtdwcu5m/wish/971885805 What 3 tips would you give someone who is about to invest their money for the first time? 05mclose https://padlet.com/05mclose/5t0yzu5xhtdwcu5m/wish/971896107 1. There may never be a good time to enter the market
2. start investing small and see 
3. diversify your investments ]]> 2020-11-30 16:01:46 UTC https://padlet.com/05mclose/5t0yzu5xhtdwcu5m/wish/971896107 What did you learn from the infographic doc that you didn't know before? 05mclose https://padlet.com/05mclose/5t0yzu5xhtdwcu5m/wish/971955135 i learned that its best to start investing early in your life. i also learned that if you do start early its not that hard to become a millionaire when your 65 ]]> 2020-11-30 16:11:51 UTC https://padlet.com/05mclose/5t0yzu5xhtdwcu5m/wish/971955135 How do you think you will invest your money? Which methods? What age? Percentage of future paycheck? 05mclose https://padlet.com/05mclose/5t0yzu5xhtdwcu5m/wish/974069626 I think I will start as soon as I get a job after collage. when I get a job, it will depend upon how much money I will make but I will probably put around 15% of my paycheck into investments.]]> 2020-12-01 01:44:41 UTC https://padlet.com/05mclose/5t0yzu5xhtdwcu5m/wish/974069626