Question

NEED HELP ASAP!!!!!!!

Why is it important to have your financial plan and goals in place when considering investments?

What are some of the ways to reduce the risks of investing money?

What factors can influence your investment choices and value?

Answer 1

Because you'll be less likely to overspend, and not reach your goals. If you have goals and plans in place you'll know how much you can spend save and still reach your goal.

Diversify your investments, or invest in safe methods like savings accounts or CD's

Societal Factors, Moral beliefs, personal age, occupation, and age, for instance someone who's 20 isn't as likely as someone who's 40 to invest in bonds and a 401k as it doesn't offer as big of a possible reward and would likely go for something more volatile, but with a higher possible reward, because someone who is 20 also has 20 years extra to make the money back.

Answer 2

Thank you so much!!!!!

Answer 3

You're welcome!