Okay so I had to come up with an investment plan in such a way. I'm not sure how I did, but if you have an suggestions then please give them. I am open to all ideas!
3 Investments:
One of the three investments I
thought would be best for a money conservative would be Mutual Fund. There is a
limit to deposits and your money isn't all on just one company. Therefore there
is a better chance of you getting some money rather than losing it all. My less
risky option would be investing in a Money Market Account. Keeping check of
spending and having money in the account all the time for requirement would
help me keep money in all the time, therefore saving more. My last and most of
all risky of the investments would be in stocks, where you invest in one
company and have a chance of getting more money back if the company goes well. The
benefits of these investments are gaining money in three different ways, One
aggressively but could crash. One conservative but fallout could be relevant.
And another at a low risk that almost always assures to stay functional only by
keeping a certain amount in the account. I have a low risk factor to high,
meaning one way or the other (at least in my eyes.)
Explanation:
I would actually be one of the
people to help out my family and close friends with this amount of money
(25,000). To pay off bills and use it for certain life necessities instead of
stocks or some other type of investment plan. But if I must I would evenly
diversify my investments, it would be between Money Market, Mutual Funds and
Stocks. These investments are broad in terms of how risky my investments would
be. It could be super easy to save on one end and on the other, a beyond risk.
