Finance 215

In: Business and Management

Submitted By katherinedruin
Words 1189
Pages 5
Assignment 2: Kristin Decides to Try Her Hand at Investing

Katherine Druin

Professor Karaffa

Fin 215


Kristin Earhardt is a 26-year-old management trainee at a large chemical company. She is single and has no plans for marriage. Her annual salary is $34,000 (placing her in the 15% tax bracket), and her monthly expenditures come to approximately $1,500. During the past year or so, Kristin has managed to save around $8,000, and she expects to continue saving at least that amount each year for the foreseeable future. Her company pays the premium on her $35,000 life insurance policy. Because Kristin's entire education was financed by scholarships, she was able to save money from the summer and part-time jobs she held as a student. Altogether, she has a nest egg of nearly $18,000, out of which she'd like to invest about $15,000. She'll keep the remaining $3,000 in a bank CD that pays 3% interest and will use this money only in an emergency. Kristin can afford to take more risks than someone with family obligations can, but she doesn't wish to be a speculator; she simply wants to earn an attractive rate of return on her investments.

1. Discuss the investment options open to Kristin.

Kristin has many investment options available to her. There are many different types of stocks that should could place her money in. If she isn’t very comfortable doing this herself, she can always ask someone for advice, or there are people she can pay, such as investors, that will invest her money for her. The only thing that Kristin has to be careful with is that it’s not safe to put all her money into one stock. The reason for this is because if that stock has a great loss, then so will Kristin. Whereas, if she splits her money up into several, then if one goes down, or even a couple, some others may still be stable. Kristin could also…...

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