Friday, October 4, 2013
October 4 - Online Discussion Question 4
Rob, a college senior, was given $10,000 by an aunt. Before she died, she told Rob to put the money to work and leave it alone, so that someday he could leave money to his heirs. Rob is pumped. He has two great ideas, both of which he learned about on late-night TV. One is to buy foreclosed properties. The other is to speculate in gold. The people on TV made a killing doing very little work. Their DVDs will tell him all he needs to know. He asks you which sounds better to you.
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Buy the foreclosed property.
ReplyDeleteLeave the money alone.
ReplyDeleteNot to do either, both are very risky. he should invest his money diversely and leave it there long term.
ReplyDeleteNeither! They're both super risky. He should put it somewhere to allow it to earn interest.
ReplyDeleteAutumn
It would be the wisest to avoid both options and invest in a mutual fund, but if he had to do one, buying the foreclosed property would be the better choice.
ReplyDeleteIf that is his only choice, he should buy foreclosed property. If it is not, then he should put it in a place where he can earn money off of it.
ReplyDeleteHe should just leave the money alone, but if he had to choose, he should buy foreclosed property.
ReplyDeleteThe foreclosed property is the best option of the two, but is he prepared other than that? An investment wouldn't do him very much good if he has no emergency fund and/or he is a reckless spender.
ReplyDeleteIf he has all the other requirements Dave puts down, Rob should invest the 10,000 dollars some different, lower risk items to gain experience.
invest in a good mutual fund
ReplyDeletetravis
Adam
ReplyDeleteI would say that he needs to invest in properties. Gold is one of the biggest fraud areas . If he is to take his Aunts advice he should leave it along and put it in a good safe place.
Definitely don't invest in gold but you probably shouldn't buy foreclosed property either. Your aunt told you to leave the money alone so you should just leave it alone.
ReplyDeleteeyezik
I would take the aunts advise and leave the money alone.
ReplyDeletehe should do neither of those things and just invest the money and let it sit.
ReplyDelete