The Stages of Investing

Now that you have good understanding of the different stages of investing and how they fit into your life situation, let's see how good you are at giving advice.

Assignment iconImagine that you've been hired by a financial planning company. Your first job is to respond to emails from potential customers and give advice on their current situation using the five stages of investing. Remember, you should explain some of the consequences that may occur if they don't follow a good plan. Use the Five Stages of Investing Template to complete this assignment. Submit it to the dropbox when you are finished. Make sure you address all of the items on the template for each of the three potential customers.

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James
I'm a 31 year-old teacher. I currently have a checking account, but I am not leaving any extra in my account. I want to start saving, but I really don’t know where to start. I have picked out some stocks I want to invest in but I don’t know if I should begin right away.

What can I do?
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Monica
I am currently a senior in high school and have held a part-time job for the last three years. I have a checking account and a savings account. I'd like to start making other types of investments.

What can I do?
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Rhonda
I have been working in real estate sales for a few years now and I have started to invest some of my money. I currently have a checking account, savings account, and a few certificates of deposit. I am starting to think about some of my future goals like buying a house, college for my kids, and retiring.

How should I invest my money?