Making Investments and Finishing Your Financial Plan
Assignment ID Number AFFGEHU83939HD Type of Document Essay Writing Format APA/MLA/Harvard Academic Level Masters/University References/Sources 4 References
Making Investments and Finishing Your Financial Plan
You did such an outstanding job with Frank’s finances during your previous assignment that he has hired you as his financial consultant. Frank’s financial house is in excellent order thanks to you. He’s sticking to his monthly cash flow plan, and he’s paid off all of his debts except for a house he recently bought with a mortgage, and he’s built up a sizable emergency fund to help him deal with unforeseen events in the future. Frank is able to set aside $400 per month for investment purposes. Of course, he has no idea how to proceed and is turning to you for your vast experience in this field.
The concept of risk is one of the first things Frank should learn about investing money. Describe the five components of the risk factor in detail. Outline a risk-reduction strategy based on the factors that affect investment risk.
Frank’s coworkers are always talking about the stocks they buy and sell on a weekly basis, and Frank is completely overwhelmed by the number of stock transactions his friends make in a week. Frank believes he will have difficulty deciding whether to buy or sell a particular stock. Give Frank some ideas for reducing his anxiety when it comes to making stock investment decisions.
3. This information has been extremely beneficial to Frankthank you! Frank now requires an investment strategy for the stocks he intends to buy.
Provide Frank with an analysis of his stocks’ long-term and short-term investment strategies.
4. Now that Frank has a plan in place for his newly acquired stocks, he’d like to add some bonds to his investment portfolio. Frank’s issue is that he has no idea what types of bonds are available.
Explain to Frank the different types of bonds he could use in his investment portfolio.
A friend of Frank’s told him last week over lunch that she invests all of her money in mutual funds. Frank was on the verge of passing out because he had no idea what she was talking about and realized he had a lot more to learn about investment vehicles.
Describe the concept of a mutual fund to Frank, as well as the characteristics of mutual funds.
Excellent work. Frank now has a much better grasp on mutual funds. Frank learns that he can choose from a variety of mutual funds for his 401K portfolio after meeting with his company’s human resource director. Frank just texted you, requesting the following information: Explain to Frank the various fund categories in which he can invest his 401(k). Choose three categories in which you would advise him to invest as he embarks on this adventure.
Your financial advice has proven to be an invaluable resource for our friend Frank once again. Explain to Frank both the advantages and disadvantages of real estate investments. He loves his new home and is wondering if real estate would be a good investment vehicle to include in his overall portfolio.
So, you’ve been a fantastic personal financial planner for our friend Frank, and his life is benefiting from your vast knowledge of the subject. Frank has bought a nice house, has two nice cars that he paid off thanks to your advice, has gotten a promotion at work as a senior computer programmer/gamer ($87,000 per year salary), and has started a small online gaming consulting business on the side. He married his childhood sweetheart, and the couple is expecting their first child by the end of the year. Frank, you rocked it!
Frank’s financial plan must now be completed with insurance, retirement, and estate planning.
With all of the recent changes in Frank’s life, he now needs to factor in financial considerations that he never had to consider when he was young, beautiful, and single. He needs to lower the level of risk associated with potential financial loss.
? Outline and explain the four Risk Management Methods that Frank can use to lower his risk of financial loss.
? Which approach do you recommend Frank take?
Frank is still a young man, and his employer has agreed to match his 401K retirement plan up to $10,000 per year at 100%. Frank thinks that sounds fantastic (and it is an incredible deal), but he wanted to buy a $10,000 bass boat this year and will consider retirement later.
? Persuade Frank of the importance of beginning to save for retirement early in life. How would you persuade Frank to contribute to the company’s 401K plan, which is matched 100 percent? ($10,000)s? How much money is Frank giving back to his company (philosophically speaking) if he only contributes $2,000 to his 401K plan?
10. Your persuasion worked, and Frank is taking full advantage of the company retirement plan. You’ve gotten Frank so excited that he’s considering opening an Individual Retirement Account, or IRA. There are many different types of IRAs, but Frank has narrowed his options down to two.
? Explain the differences between a Traditional IRA and a Roth IRA to Frank, and then recommend which one he should invest in. What is the maximum amount of money Frank can put into an IRA in a calendar year?
11. Last but not least, I have a question for our good friend. Frank, like 70% of the population of the United States, lacks a will. He believes he is still young and that estate planning is something he should do later in life.
Persuade Frank of the value of estate planning and the necessity of having a will. What is Frank’s strategy for obtaining a will? Frank has a sizable online presence as a computer programmer and gamer. He has a second website that generates revenue, keeps his Facebook and Instagram pages up to date on a daily basis, blogs about game development, and regularly updates his Linked-in and eBay pages.
Explain to Frank what kind of will he needs to protect the online content he created.
You must explain each answer in detail to receive full credit for this project. To complete this project, use your textbook, notes, and Internet research.
? This project is worth 200 points.
? This project should be at least 1,200 words long (not including the repetition of the question or references). For full credit, each question must be answered.
? Provide a number and/or a brief heading. Please do not copy and paste the questions into your work. To get an accurate word count, I’ll simply delete the question’s wording.
? The document should be sent in either Microsoft Word or PDF format. Include a title page with your name and the project’s title. Your project should be saved with your name in the file name.
o For instance, my filename would be petra ray Project 3 Investments. Examine the
If you answer three questions per week, you’ll be able to complete this project without stress by the deadline!
The due date can be found in your Course Organizer.
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Link to a grading rubric and an example of how to format your projects
that I have made available to you.
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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