The stock market is a viable and useful resource in today’s economy. Everyone who is an adult with the monetary resources available should be investing in the stock market, especially college-aged students. As a student soon to be on my own, I feel like I should take advantage of any available resource to set myself up for financial success. I plan on investing in stocks and other financial opportunities as part of my future career. I have even given thought to being a stockbroker. I believe that the stock market is one resource in particular that could help college aged students. While in college, any investing that I do will be targeted to setting myself up for financial security. In the articles Wall Street to millennial: don't fear the …show more content…
Even though a college student may not have lots of extra money lying around to invest, it is still a worthwhile opportunity. Taking a risk and investing will pay off in the long run. Adam Snell proclaims that “ Nearly half of Millennials say investing is “too risky,”” Snell also points out that millennials may fear the stock market because they have experienced multiple market or economic crisis. It is understandable and actually a good thing to be cautious about investing! Being cautious can lead to better decision making which will save an investor from making bad investments. While college investors should still be cautious, they need to learn to take risks. Taking smart risks can propel you forward in not just investment opportunities, but other aspects of your life and college career. Because of the long term benefits and vast opportunities for growth, college aged students should no longer fear the risk of investing, but embrace the risk …show more content…
There are even more ways of completing transactions and interacting with others through technology than ever. One way that our world is taking a huge shift is towards cryptocurrencies and inline exchanges. One of the more rapidly growing cryptocurrencies today is Bitcoin. Bitcoin is a currency exchange where there is no direct mediator or overseer. This allows for a great amount of privacy and security when it comes to making transactions. One of the main reasons that college students should be aware of the purchasing and investment opportunities of cryptocurrencies is the fact that they are becoming more and more common. Bitcoin, among others such as paypal, is becoming more and more beneficial to investors as value of the shares or an amount of a bitcoin, grows in value. College aged students should take note of cryptocurrencies and invest what they can now, and they will see almost immediate returns in the coming years due to market growth and the way that our worldwide economy is
Right now, it is almost impossible for people to see how strong the international commodity markets are. Our parents and cousins and friends, everyone's ears are pinned to what goes on in the market every day of their lives. We need to start teaching more about stock market trading, and with this new expansion of knowledge, we will allow for the market to grow stronger and stronger, but at a steady pace.
If they are smart with their money and follow the correct choices, this shouldn’t be a problem for them. If you make the sacrifice and effort right now, you’ll keep yourself from digging a hole you’ll have to start climbing out of the moment you receive your college degree. (Ramsey 107). If you know ways to start saving money for college, don’t be afraid to start. Just because it’s easy to sign those student loan notes doesn’t mean it’s the only way.
The stock market is a vehicle to invest money. It is where consumers buy and sell fractions of companies, and is referred to as stocks. A proven method to achieve wealth while keeping up with inflation, comprised of publically held companies who offer goods and services that are used by the general public daily. Companies sell stocks to public investors in a free and open market environment on a daily basis, which is an effective strategy to build a sound financial future.
Bitcoin is a form of digital currency that is similar to physical cash stored in a digital form. It is the first fully implemented cryptocurrency protocol utilizing an open source peer-to-peer payment system. As a transfer protocol, it fundamentally functions as a money transfer medium that sends bitcoins from user to user without the need of a third-party intermediary and the system is protected by peer-reviewed cryptographic algorithms. This cryptographic digital currency simultaneously provides users a method to exchange money for free or a nominal fee, which is mutually beneficial for retailers and consumers. The main concern is that it can be used for illegal activities such as the purchase of drugs, weapons and other illegal goods. Albeit true, the concern also exists with all other forms of regulated currency, such as cash and wire transfers. Anonymity is one of the greatest Bitcoin perks, however, nothing is as untraceable as cash. It is the solution to the leading economic and security issues that have left everyone vulnerable, particularly in the wake after the Target security breach in which hackers stole unencrypted credit card and debit card data for 40 million customers’ as well as their pins over the span of two weeks before it was detected. In addition, these hackers were also able to obtain the names, addresses, phone numbers, and email addresses of 70 million customers (Andreesen 6). If Bitcoin were to be used as the standard form of payment, the transaction data does not identify the purchaser’s identity and all information is encrypted. It is the most secure payment method and is a more secure future. Bitcoin is a technologically innovative soluti...
In today’s world college is worth the cost but there are times when college isn’t worth the cost for many student’s thinking about college. Many college graduates come out of school with a major and many loans that are needed to pay back. With the major they try to look for a job and then to find out that there isn’t any job openings for that major. Then the people that do have a major are most likely to make more money than someone without a major.
BY DOUG HENWOOD What’s being touted in some circles as the future of money looks hardly more peaceful than its past. Bitcoin, a formerly obscure cybercurrency, is now all over the headlines with reports of bankruptcies, thefts and FBI lockdowns. If our fate is to buy and sell bitcoins, this instability is troubling. But despite the headlines, the triumph of Bitcoin and related cyber-currencies is a lot less likely than recent commentary suggests.
High school seniors takes deep breaths and parade onto the stage. The beginning of a new chapter awaits as they make the journey from one point of the stage to the end. They reflect on what they have been taught in those many years of high school. The most terrifying fact while graduating high school is the next step: making it on their own. Because they have taken part in the appropriate classes, the students are certain that they have gained the correct knowledge to begin making their mark on the world. In high school, it is crucial to achieve the appropriate classes in order to feel ready to take on the world ahead as an adult. However, many students lack proper education. One key example is financial literacy. Financial literacy is the
I’ve learned that the stock market changes every second of our lives whether we realize this or not it happens. I’ve also learned that although a company may be strong in our society it may not be strong within the stock market. One last thing that I learned by playing in the “Stock Market Game” is that you have to be risky when playing this game. If you don’t take risks during this game then you wont be successful in it. Yes now I do have a better understanding of how the stock market works and what its purposes and functions are.
Finance is a field that had always fascinated me right from my undergraduate college days. What make me interested in this particular field of study are the art of finance and the complexity of investment market which would allow me to employ my personal skills, such as analytical and communication skills, along with my personal characteristics such as dedication and compassion for what I do. As one of the most important sector in the world, I believe it would provide me with a broad range of career options.
An undying love for Wall Street Growing up in a country with alarmingly low levels of foreign reserves and high levels of unemployment, I always used to wonder why my country was in such a deplorable state, to say the least. To find an answer to this question, I started reading the “Business” section in the newspapers on a regular basis, and this is what developed a strong passion and flair for finance within me. To acquire the right skills required for a successful career in finance, I decided to choose this as my major when I started college. From watching movies related to finance, such as The Wolf of Wall Street, to reading articles that expose me to current market information, I have always loved doing anything that upgrades my knowledge about this fast-paced field.
A cryptocurrency is a means of currency exchange which is designed around securely transferring information, through the process of encryption. Encryption is a way of encoding messages or information in way that only specific or authorized parties can interpret. Fundamentally, cryptocurrencies are an alternative to centrally governed currencies, this virtual currency seeks to incorporate principles of cryptography to implement a secure, distributed, decentralized information system 1. There are various types of cryptocurrency being used on the virtual market today that will be discussed throughout this report.
I became an enthusiast of finance ever since I was at high school. At the political economy class, my teacher asked us: if you have a million RMB, how would you use it? She then introduced us the concept of investment, and I was intrigued specifically by the stock. For the latter two years of my high school, I have been reading books and articles regarding the stock market in the U.S. and in China. As one of the outstanding students ranked top 1% in College Entrance Exam in Hainan Province, China, I was accepted by the City University of Hong Kong with a full scholarship. With the strong interest in finance, I chose quantitative finance and risk management as my major.
Your chance of making it in the economy of investing will be short lived. Why not invest of a back-up plan on college or a university and get a degree. Thus, later on if stuff doesn’t work out you can always bid in your education for help when rough times are around the corner. Im going to save my money in a high interest saving bank.
In a Business Week article, Mr. Ben Steverman discuses issues facing today’s youth. The article is titles “Advice for Young Investors.” The article discuses two individuals who are 22 years of age, both are just beginning their careers. One individual is attempting to pay off student loans quickly and then save money to travel. The other individual is attempting to purchase real estate and invest within the market. Mr. Steverman discusses ten important factors for which young investors need to consider when approaching the market.
Whether it is dealing with the stock market, electronic commerce, portfolio diversification, or just simply allocating your assets, finance is more than just managing money. As technology progresses, the financial industry will advance and the demand for financial planners and managers could go down. However, there is no specific formula for allocating your wealth or for investing in the stock market. Every person and company is different, and the stock market changes constantly. People will always be running a business or a school, saving for retirement, financing a home, and investing their money. That is one of the reasons why I find finance so fascinating. Even if you aren’t making a career out of it, economic and monetary skills are vital for the rest of your life. Needless to say, finance is and always will be a diverse and ever-changing