Friday, December 13, 2013
December 13 - Online Discussion Question 1
Brad, a rising college senior, has a great summer job. He expects to clear $3,500 over the three-month break. His college expenses are covered, and he has no debt. His economics professor has offered to sell Brad, at a huge discount, a DVD entitled Seven Steps to Stock Market Success. The professor thinks the program is a slam dunk; he’s only selling it because he needs the money. Brad wants to put the money in a savings account. How do you advise Brad?
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dont buy the dvd put your money in a money market account or better yet a few mutual funds
ReplyDeletetravis
Brad should put his money into the savings account like he originally planned, or better yet, put his money into a mutual fund. Even if the DVD is credible and provides reliable information, the stock market is still a risky investment. He should put most of his money into a mutual fund and then if he wants to buy a few stocks, he could use a small amount of money so all of his money is not at risk.
ReplyDeleteDon't buy the DVD. It would be wiser to save the money for slightly more important things.
ReplyDeleteAutumn
I would ask him if he trusts the teacher. If he does then he should buy it because this could improve his money intake.
ReplyDeleteAdam
Don't trust the teacher, because if he wants to sell something and make some money, he'll make his offer sound tempting. Brad should save his money into an account like he thought he should.
ReplyDeleteBrad shouldn't buy the DVD, he should save his money like he thought.
ReplyDeleteIf he could use the DVD to help himself with his money then he should get it. If he just wants to buy it to help his teacher then he shouldn't.
ReplyDeleteWell, Brad needs to make sure he has a fully funded emergency fund before he thinks about investing. I'd encourage him to save the money if he doesn't really need the DVD just yet. If he just feels sorry for the economics professor and thinks that maybe he could get rich quick on the market right now, he should not buy the DVD.
ReplyDeleteIt would probably be smarter to put the money in a savings account or mutual fund. Everything that the DVD says is likely on the internet for free.
ReplyDeleteeyezik
Brad shouldn't buy the DVD, he should put the money in a mutual fund or savings account.
ReplyDelete