Insights

Last night was the Stock Market class in Relief Society and I learned so much from Ben AND from the others in the class with me. Some of my favorite points are below:

1. There is an inherent risk in investing
2. One should not invest if one is not financially able to take such risk
3. There is a difference between investors and speculators in the market
4. Bonds and stocks are vastly different; a bond is basically investing in debt, a stock is an ongoing investment in a share of something
5. Education in investing is the key to success
6. Everyone is involved in investing through the purchase of life, home, auto, etc insurance
7. There is no such thing as a "sure thing" and anyone who tells you different is not on the up and up
8. Not all independent financial planners are untrustworthy just as not all financial planners who are affiliated with a large firm are safe to invest with
9. A person does not need to be rich to start investing in the secondary (stock) market

And my personal favorite:

Finding a stock broker or personal financial advisor is like having sex... you just don't do it with anyone you do not trust (bless your heart Melissa!! You have a way of expressing things in a way I can always understand!)

All in all an eventful and eye opening meeting! Now to educate myself better...