In response to Greg's post, I would have to agree with Greg’s opinion. Stock is a very important part of someone’s life. Without investing, almost everyone will not be able to retire when they reach the appropriate age. People must invest if they hope to reach financial stability and eventually retire. The big problem is, as Greg points out, most people do not know the first step in making an appropriate investment. I happen to be one of those individuals. Investing in stock is not an easy process, and requires a lot of knowledge. The video states that you should not trust your money just someone who claims that they “know” how the stock market works. I agree with Greg, in that you should invest your money with a stockbroker. They know enough to make smart decisions on where to invest your money.
The video also states that someone who decides to invest should know what their budget looks like. It would not be smart to invest all of your money in the stock market in hopes to “win big.” This a bad idea, because the chances of a person making a lot of money right away is not really going to happen. Investments take time, so it would be smart not to put your entire life savings into some aggressive stock that will not make a profit for the next 2 years. I agree with Greg, in that before investing into the stock market, people need to know their budget.
There are a lot of great points that are made in the video. Having investment goals and a well drawn out budget are key steps in investing in stock. Greg states that, in the video, the speaker talks with a “monotone” style of voice. Because of the tone of voice the listeners could lose interest. I would have to agree. I almost lost interest in the speech, because of the tone in his voice. Overall, the video was very informative.
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