Imagine you win $10,000 in a state competition and decide to invest your prize. Choose three investment options from the lesson for your money.
Describe your investment plan in a detailed paragraph. Be sure to include
responses to the following questions: Why did you choose these three
options? How may taxes, fees, and inflation affect your investments? How do
your choices reflect your tolerance for risk? How do you plan to divide your
money between the three investment options you chose? Be sure to include
the following terms in your explanation:; diversification : risk :rate of return
interest rate

The three investment options I have chosen are IRA, CDs, and stocks. I picked IRA so that I can earn an interest rate on the money I invest,this is one of my options because I wanted to make sure I have money saved and set aside for when I retire so I know I can provide for myself. I have picked CDs because it has a low risk and I can make sure I can’t take money out before a certain age. I chose stocks because even though it has a higher risk but a higher return. My choices reflect my choice for having a better life when i'm older and during the current time. The way I plan on dividing my money is, I plan on putting $10,000 in my stocks, $10,000 in CDs and $30,000 in IRA.

x=half

step-by-step explanation: