Week 9 Discussion 1 FP101

Week 9 Discussion 1 FP101 - investment is important You...

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There are many things that you should take into consideration when beginning to plan for investments. First, you have to make sure that you have a secure foundation before making an investment. Having a secure foundation is: establishing your financial goals, meeting your basic needs, reducing your credit, establishing a savings account, having adequate insurance coverage, and buying a house or planning to do so. Now, before you jump into any investment, you should learn about the investment marketplace and your investment alternatives. Implementing a goal for your
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Unformatted text preview: investment is important. You should make sure that your investment goals are realistic, specific, and measurable. There are a lot of risks involved when investing your money, so you should be very careful when and where you place your money. It is important to understand your long term goals before you begin investing. You will have to know your long term goals, because you want to be able to monitor your investment plan, you need to know how much time before you need money, and how much risk you can afford to take....
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