Personal Finance Lesson 145 Assignment
In this assignment, I will be breaking down how I would invest $2000 if someone gave it to me and had to keep it invested for at least 5 years. Then, I will explain why I picked my investments.
If I was given $2000, I would make sure to diversify my investments. Here is what I would invest in. The number is how much of the $2000 I would invest in that particular thing.
I would invest the majority in Bitcoin, because it is scarce (there will only ever be 21,000,000 bitcoin) and in high demand. The demand will most likely keep increasing as more and more people realize that it is one of the best and most powerful currencies out there. It is also decentralized, meaning that no one person or government makes the rules about bitcoin. I would also invest in gold, which is also very scarce and in very high demand. The S&P 500 is another thing I would invest in. This will help to diversify my investing portfolio. It is also fairly inexpensive, and less risky than buying single stocks, which I had considered.
Thanks for reading!
Also, if you are interested in bitcoin or want to learn more about it, here are some resources: