Anonymous

What Are The Two Things That Affect Our Personal Beliefs And Opinions About Financial Planning?

2 Answers

Thomas Rooney Profile
Thomas Rooney answered
The two main things involved in coming to a conclusion regarding this process are risk and reputation. Firstly, you must take into account the risk factor because if you decide to put your savings into an account that does not have a fixed rate of interest then you are liable subject to the rate of inflation and the amount you will earn will vary. This is a certain risk if you put your money into accounts with variable rates as well as stocks and shares.

A lot of people tend to inject money into a number of stocks and shares as an investment. Yet the stock market is one of the most risky sectors to make money and to plan financially. On the one hand you will have the opportunity to make a significant amount of money, but this depends on a number of factors, mainly the economy. On the other hand, you could lose money if a company goes bust or it gets taken over or its sales and turnover drop significantly.

The second belief is reputation and you are more likely to put money into accounts and companies that have a reputable reputation with a belief that they will be an extremely viable financial asset. This is the best solution for financial planning as thanks to thorough research you will be able to feel reassured that your money or capital is safe.
Anonymous Profile
Anonymous answered
Financial problem is one thing that will not work with most people that are involved in dealing drugs

Answer Question

Anonymous