Answered

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Your friend Jasmina is excited that you took personal finance this semester and comes to you for investing advice. She tells you: "I'm totally new to investing. I kind of know what a stock and bond are but I don't really know which specific ones to invest in. I remember learning about the stock market in school so I know a little about investing! But, I don't know WHERE or HOWI go to actually start investing! When I started my job, our HR department told me that they offer a 401(k) plan and do a dollar-for-dollar match up to 3% although I don't know what any of that actually means. I've also heard a lot of crazy stories in the news about individual stock prices just plummeting because of an unforeseen event, and I'm super worried that I'll lose my money. What should I do? Where do I start?" In your response below:
1. Answer Jasmina's questions to make sure she gets the investing * 10 points knowledge she's looking for
2. Clarify any misconceptions she has about investing
3. Identify what steps Jasmina can take to start investing. Make sure you explain why she should take these steps and how they will set her up for success.
4. Identify steps she can take in the future once she's more comfortable with investing

Sagot :

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