Week 9 Investment Basics Assignment Review
The Perfect Investment
In this week’s assignment, you’ll learn a few important basics about investing, including asset classes. Over the next two weeks, you’ll learn the 4 Investment Strategies designed to maximize returns in your portfolio while minimizing risk.
Retirement Analysis
You will incorporate what you learn in the investment section of this course by using your financial plan (Retirement Analysis) to highlight your probability of success before and after applying what you learn about investing into your plan.
The Perfect Investment
Well, there may not actually be a “perfect” investment, but matching funds in your 401k comes as close as anything I’ve ever seen.
401K Match
Many companies offer to match money we put into retirement accounts, and that’s free money! It doubles your income immediately, and it will multiply your savings over time.
Sadly, I’ve known a number of people who didn’t take advantage of this incredible opportunity. If your employer offers it, do whatever you need to do to get the maximum you can get. You might not be able to afford the latest gadget for your computer, the newest iPhone every time a new one comes along, but you’ll have something far more valuable: peace of mind that your future is looking good!
How it Works
- Get The Match!
- Tax Deduction
- 15% Baby Step
- $100k Example
Planning Portal
Login to your Planning Portal and take a quick look at your Retirement Analysis.
- Take a Screenshot showing your Probability of Success
- Before Moving Forward
- Grab a screenshot of your Probability of Success
- Include the Action Items dropdown list
- Grab a screenshot of your Income Data Cards
- Grab a screenshot of your Savings Data Cards
- Grab a screenshot of your Expenses Data Cards
Add your 401k to your plan
Based on your Dream Job, be sure to include…
- How much will you be investing in your 401K?
- What is your company “Match”?
- What is your goal for Retirement?
- Age?
- Monthly Income?
- How are you feeling about reaching that goal?
Take a closer look at your Plan
- List Three Options can you consider to improve the probability of success in your plan.
- Grab a new Screenshot for your Retirement Analysis
- How did your options “move the needle” on your probability of success?
Include a screenshot for this week’s Quiz
