Discussion Post
Part I
"In the world of finance, there is one certainty: you must take more risk to earn a higher return." It then identifies these types of risk: inflation risk, business risk, interest rate risk, and liquidity risk.
Risk is a consideration in many of the decisions we make. Describe a risky financial decision made by you or someone else. What were the downsides of the decision? What were the upsides?
How might your financial goals and personal financial plan impact the amount of risk you are willing to take on with regard to a financial decision?
Part II: Investments
Describe an investment that you or someone else could make. What are the advantages of this investment? What are the disadvantages? What information would you look for to help you do a brief financial analysis to inform your investment decision?
Part III: Risk Management
Give an example of a risk that you or someone else has chosen to insure.
How could you use your technology skill and Excel to organize and analyze data and help you decide if a specific insurance is a good value for the example you gave? Think about the cost and consequences of not having insurance versus the cost of the insurance over time.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.