Section 1: Personal Investment Goals/ Strategies
My goal for investing is to only invest in something with a low risk tolerance and saving for the future. My short term needs for savings would be college, Christmas presents, spring break, summer trips, and clothing. My long term needs for savings would be a house, my wedding, my child's future, a new car, and emergencies.
I will open a checking and savings account. A checking account is an easy way to retrieve money, and if you don't have cash on hand you can use it. A savings account is helpful in that you can just put money aside and access it later.
I will open a checking and savings account. A checking account is an easy way to retrieve money, and if you don't have cash on hand you can use it. A savings account is helpful in that you can just put money aside and access it later.
I am not exactly sure how much return I want on each investment category, but I do know that I want to see a steady increase in return in each type. If I invest in stocks and bonds, it will be when I am older and have a better grasp. In other options, I plan on investing in those for the rest of my life. I will not be checking investments after this semester, I will be waiting until I am out of college to worry more about that. I will be saving for those times though.
Risk Tolerance Quiz |
I will be a conservative investor, being careful and safe with my investing. I will invest in low risk/ low return investments. It will be safer and more secure for my family.
Savings Needs |
My portfolio will be diversified, containing types of stocks, bonds, mutual funds, and other investments. I focus mainly on blue chip stocks. My bonds will be just municipal bonds. My mutual fund will just be a balanced fund. The other options I will invest in is real estate, residential and commercial. I am more liking to use a financial advisor than a stock broker. The sources I will use to make wise financial decisions are a financial advisor, a planner, and a savings account.
Financial Institutions |