Assignment 1
This is your assignment, max 500 words.
Submit soon on the forum:
You have inherited 300K USD.
Your financial advisor tells you that you have the opportunity to include the currency Ven in your portfolio, for a 5% discount on the currency trading price of Ven, if you make a commitment to hold it for minimum of 5 years with no guarantee of earnings.
He asks if you want 0%, 1% or 10% of your savings in Ven under these terms.
He asks you to look at their website, http://ven.vc before deciding.
After researching the currency, what decision would you make, and why, and what information, if any, would you ask your financial advisor to obtain?
Answer:
I would keep calm. I have no desire of becoming among the richest in the graveyard.
the Ven website is of poor quality and I suspect the currency promoter to be unreliable.
I would decide to replace my financial advisor. An advisor who requires me to make all decisions by myself is not valuable at all.