Friends That Invest If We Had $1000 Each How Would We Invest It
Nov 6, 2023
In this engaging discussion, Sonya shares her cultural perspective on investing in gold, emphasizing its sentimental value and its role as a hedge against inflation. She and Sim explore effective investment strategies with a hypothetical $1,000, debating the merits of diversification across numerous companies versus concentrating on a select few. They balance humor and insight while examining how personal beliefs can shape investment choices, making for a lively and thought-provoking conversation.
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Sim's Investment Strategy
- Consider how Sim would invest $1000.
- She'll split it into three buckets and invest in various funds.
Diversification and Allocation
- Diversify investments across various funds to spread risk.
- Allocate most of your investment to a total stock market index fund.
Apple's Stock Dip
- Simran Kaur mentions Apple's stock drop due to China's government worker iPhone ban.
- This highlights the risks of investing solely in individual companies.