Love is hurt
Navouchleng Lach
Gina McFarlin
ACCT 2145
November 16, 2013
Today I was informed that I am the beneficiary of a generous $100,000 inheritance from my wealthy and kind Uncle Fred. In order to receive this large sum of money, I first must prove that I will be responsible with the money that I receive from my Uncle Fred by presenting him with this detailed report on how I plan to manage these funds that he had worked so hard to earn. Fortunately, I am allowed to spend $25,000 of the $100,000 right away on whatever personal needs that I may have, however, I must invest the remaining $75,000 on different investments so that later on in life, I will be able to live comfortably and enjoy myself by making good investment choices. There are several different ways that I can diversify the $75,000 on various investments but I have found three particular investment areas that I feel confident with. The three areas of investment that I have chosen to invest the $75,000 in are real estate, precious metals, and buying stocks. Before I get into why I have chosen to invest in those three things, I first want to explain what I am going to be spending my initial $25,000 on. I have decided to spend the first 25,000 on a house because "experts say low home prices combined with low interest rates make this the best time in years to become a real-estate investor." ("Now Is A Great Time To Invest In A Rental") In this market there are a lot of cheap properties available as well as foreclosed homes so I was able to find one that had been foreclosed on for only $20,000. The remaining $5,000 was spent on getting the place fixed up nice into live-able conditions. Another benefit of purchasing the house was that because I am single, I have offered one of the three bedrooms in the house up for rent which will bring an extra $500 a month in for me at the price of $125 a week. With that being said, I have chosen to actually invest in real estate as well and so instead of just purchasing
Gina McFarlin
ACCT 2145
November 16, 2013
Today I was informed that I am the beneficiary of a generous $100,000 inheritance from my wealthy and kind Uncle Fred. In order to receive this large sum of money, I first must prove that I will be responsible with the money that I receive from my Uncle Fred by presenting him with this detailed report on how I plan to manage these funds that he had worked so hard to earn. Fortunately, I am allowed to spend $25,000 of the $100,000 right away on whatever personal needs that I may have, however, I must invest the remaining $75,000 on different investments so that later on in life, I will be able to live comfortably and enjoy myself by making good investment choices. There are several different ways that I can diversify the $75,000 on various investments but I have found three particular investment areas that I feel confident with. The three areas of investment that I have chosen to invest the $75,000 in are real estate, precious metals, and buying stocks. Before I get into why I have chosen to invest in those three things, I first want to explain what I am going to be spending my initial $25,000 on. I have decided to spend the first 25,000 on a house because "experts say low home prices combined with low interest rates make this the best time in years to become a real-estate investor." ("Now Is A Great Time To Invest In A Rental") In this market there are a lot of cheap properties available as well as foreclosed homes so I was able to find one that had been foreclosed on for only $20,000. The remaining $5,000 was spent on getting the place fixed up nice into live-able conditions. Another benefit of purchasing the house was that because I am single, I have offered one of the three bedrooms in the house up for rent which will bring an extra $500 a month in for me at the price of $125 a week. With that being said, I have chosen to actually invest in real estate as well and so instead of just purchasing