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:

https://www.bitcoin.org

https://www.lopp.net/bitcoin-information.html

Personal Finance Lesson 140 Assignment

In this assignment, I will be giving 5 tips of investing advice. (Note: I am not by any means an investment professional, this is a required school assignment!)

Top 5 Investing Tips

1. Diversify: This is one of the most important things to do when investing in anything. If you invest only in one stock and that stock drops, you would lose a lot of money! Diversification helps minimize your losses and maximize your gains.
2. Use index funds: Index funds are an easy way to diversify, and they can help reduce transaction fees. It is less expensive to buy index funds than each of the individual stocks.
3. Research: Things will change over time, so investment advice given years ago may not be as relevant today. Make sure you do your research so you know what you are getting into.
4. Pay attention to your investments: This seems obvious, but make sure you are regularly checking on your investments to see how they are doing. If you need to, you can sell off or buy more assets.
5. Make an emergency fund: A very important one! Set aside some cash or easily exchangeable assets, so that you have extra funds for an emergency. Make sure they are easily exchangeable, you don’t want to have real estate as your emergency fund!

These are my top 5 investing tips. I didn’t recommend specific stocks or investments, that is up to you! Personally, I would invest in bitcoin, gold and other precious metals, and stocks or index funds.

If you have any other tips you would like to add, please comment below.

Personal Finance Lesson 135

In this assignment, I will write how my life plans have changed in the past 6 months as a result of this course.

In the Personal Finance course so far, I have learned many important skills. My life plans have changed in a few ways:

• Time Management: I have been managing my time more than I had been before taking this course. I use a weekly planner, a calendar, and a checklist (both paper and digital versions). I feel that this has helped me manage my time better. I hope to continue doing this.
• Investing: I have also learned some valuable investing skills, and I want to look into different forms of investing, such as stocks, precious metals, and Bitcoin.
• Writing skills: This isn’t really a way that my life plans have changed, but my writing skills have certainly improved. Now that I think about it, this could bring up some potential job opportunities!
• College: I still haven’t decided whether or not I want to go to college, but this course has given me valuable insight and it will help me make a decision later.

These are all ways that my plans have changed. Hopefully I can implement the skills learned in this course, and use them to my benefit.

Personal Finance Lesson 130 Assignment

Today’s assignment was to write a short list of college majors I’d consider. Here are my top 3, with the reasons why I would choose them.

1. Biology: I really enjoy natural sciences, and this major could open up a lot of potential career options. It is also in fairly high demand.
2. Computer Programming/Science: I’m also interested in coding. These types of careers are in very high demand right now, and finding a job is probably not hard.
3. Economics: Another career option that I’m interested in.

These careers are all in fairly high demand, and they would provide a decent starting income. College is years away, so who knows? Conditions might change, and I might change my interests.