PLEASE HELPPP 50 pts!

Your friend Jasmina is excited that you took personal finance this semester and comes to you for investing advice. She tells you: "I'm totally new to investing. I kind of know what a stock and bond are but I don't really know which specific ones to invest in. I remember playing the stock market game in school so I know the way to invest is to select individual stocks to put your money in! But, I don't know WHERE I go to actually start investing! When I started my job, our HR department told me that they offer a 401(k) plan and do a dollar-for-dollar match up to 3%...although I don't know what any of that actually means. I've also heard a lot of crazy stories in the news about individual stock prices just plummeting because of an unforeseen event, and I'm super worried that I'll lose my money. What should I do? Where do I start?"
In your response below, - Answer Jasmina's questions to make sure she gets the investing knowledge she's looking for - Clarify any misconceptions she has about investing - Identify what steps Jasmina can take to start investing. Make sure you explain why she should take these -steps and how they will set her up for success. - Identify steps she can take in the future once she's more comfortable with investing

what is Jasmina's Saving & Investing Plan:

Her investing plan is saving up by finding a place to keep money you should probably worry on other things save up then spend if not you'll probably lose more money than needed find a place where they dont change much based on your money find a place where theres no scams you need to research to find a plan and a safe place.

Answer Link

jayilych4real jayilych4real · Answer 2 · 2021-11-24T13:27:12+01:00

Jasmina's saving & investing plan based on the available information we have, is to:

Find a trusted place where she can invest her money

According to the given question, we are asked to show the things which Jasmina is looking for as she hunts the best way to invest her money and get reasonable returns within a given time period.

As a result of this, we can see that some steps which she could take in order to be more comfortable when investing which are:

Doing her own personal research
Use a demo account
Enable stop loss, etc

With this in mind, she would be less likely to fall into dubious schemes of people promising ridiculously high returns on investment that are really out to scam her and she would make a better informed decision.