6.2 Learning Assessment by Collin Meek https://padlet.com/collinmeek/ndclp283zo0n4oj9 Investment Strategies with Collin Meek en-us 2020-12-14 03:46:13 UTC 2024-05-29 07:18:39 UTC hello@padlet.com Investing as a Retiree collinmeek https://padlet.com/collinmeek/ndclp283zo0n4oj9/wish/1014728546 Investing as a retiree involves observing that money exists in different retirement accounts from younger years that you can use to live from as a retired person (Ch. 6, pg. 11). After assessing where the money currently is, it may be necessary to reallocate it to different companies or accounts in order to maximize the income and provide small growth to your assets. (Ch. 6, pg. 11). This can help counteract inflation, as money will be worth less in future years and the retirement funds will be somewhat constant, without concerning interest (Ch. 6, pg. 11). ]]> 2020-12-14 03:48:12 UTC https://padlet.com/collinmeek/ndclp283zo0n4oj9/wish/1014728546 Investing as a Young Person collinmeek https://padlet.com/collinmeek/ndclp283zo0n4oj9/wish/1014734297 When being young and investing, the goal should be to pay off debt and possibly start a down payment on a home (Ch. 6, pg 10). It is beneficial for a young person to begin saving 10% of their income to provide for their retirement (Ch. 6, pg. 11). During this stage of life, young people will benefit from compound interest, as their assets will compound and grow (Ch. 6, pg. 11). ]]> 2020-12-14 03:52:38 UTC https://padlet.com/collinmeek/ndclp283zo0n4oj9/wish/1014734297 My Mom as an Example collinmeek https://padlet.com/collinmeek/ndclp283zo0n4oj9/wish/1014739354 My mother has been saving 10% of each paycheck her whole life for her own retirement. She also sets aside bits of money such as bonuses and benefits from her work so that she can buy nice things for herself. Because of this, she was able to purchase a car for herself. Since I was young, my mom has taught me to save my money as opposed to spending it. My mother also invests in the 401k provided by her work. This allows for whatever investment in it to be matched by her company. ]]> 2020-12-14 03:56:40 UTC https://padlet.com/collinmeek/ndclp283zo0n4oj9/wish/1014739354 collinmeek https://padlet.com/collinmeek/ndclp283zo0n4oj9/wish/1014745538 2020-12-14 04:00:44 UTC https://padlet.com/collinmeek/ndclp283zo0n4oj9/wish/1014745538 collinmeek https://padlet.com/collinmeek/ndclp283zo0n4oj9/wish/1014745825 2020-12-14 04:00:57 UTC https://padlet.com/collinmeek/ndclp283zo0n4oj9/wish/1014745825