Answered

Give a specific thing you should
invest in and something you should
avoid-so you can increase your
wealth building ability? (Ideas- CDs,
Bonds, Mutual Funds, Large
company stocks, Newer company
stocks, Crypto, Commodities)
•
Amie Osmond Apr 28
5 points
Due May 3, 11:59 PM
1.100 words
2. Respond to 2 peers: 1) ask a question, 2) respond to any question, 3) disagree with
the ideas and explain why, 4) correct problems in the logic and
explain the correction,
5)
give them another investment tip or potential



Answer :

GinnyAnswer
If you are looking to increase your wealth building ability, there are specific things you should consider investing in and others you should avoid. Here are some suggestions: 1. **Invest in Large Company Stocks:** Investing in well-established and stable large company stocks can be a good way to grow your wealth over time. These companies often have a proven track record of success and can provide consistent returns on your investment. 2. **Avoid Risky or Volatile Investments:** It is generally advisable to avoid investing in highly volatile or risky assets, especially if you are looking to build wealth steadily. This could include newer company stocks, cryptocurrencies, or commodities, which can experience significant price fluctuations and carry a higher level of risk. By focusing on stable and established large company stocks, you can benefit from the growth potential of successful companies while minimizing the risks associated with more speculative investments. Additionally, diversifying your investment portfolio across different asset classes can help spread risk and increase your chances of long-term wealth accumulation. Remember, it's important to do thorough research or consult with a financial advisor before making any investment decisions to align with your financial goals and risk tolerance.

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