Friday, October 4, 2013
October 4 - Online Discussion Question 3
Carol’s aunt took a friend’s advice and invested her savings in Associated Elevators common stock. It went down. After a year, she sold that and bought Consolidated Cranberry. A year later, when the berry boom burst, she bailed again and poured her savings back into Associated Elevators, which was on the rise. Now she’s back to square one, and to Carol’s delight, she has asked Carol what “that Dave Ramsey fellow” would tell her to do next. What would that be?
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To diversify her money instead of investing in a single stock. They are very high risk unlike mutual which is low risk and involved multiple companies.
ReplyDeleteHe would tell her she should diversify her money, and put money into different types of investments.
ReplyDeleteYeah, he'd tell her to diversify the money instead of using single stocks, which are risky.
ReplyDeleteAutumn
Instead of only investing in one company, she should invest in a mutual fund so her money is diversified and she will not lose money when one company has issues.
ReplyDeleteShe should divide her money into multiple companies instead of one, then whe one goes bad she will still have other ones.
ReplyDeleteTo diversify her money
ReplyDeleteDave would say "Diversify,diversify,diversify!!!!!" Don't put your money in only one investment. A good idea would be to put that money you have into a mutual fund of some sort, spread it around, and gain experience and knowledge before you try at a stock.
ReplyDeletediversify your money do not put it all in one thing
ReplyDeletetravis
Adam
ReplyDeleteI would say that she needs to stop investing in single stocks. She needs to spread out the money into different fields.
Diversify the money so that it's not all in one place. That way you won't lose all of your money if one of them fails.
ReplyDeleteeyezik
To stop putting all her eggs in the same basket and spread them out more.
ReplyDeletehe would tell her to diversify the money instead of putting it all in one place.
ReplyDelete-Jacob
hi
ReplyDeletehey
Deletethanks for the help
ReplyDelete