User Account

All Pages

Effective in getting the client

Assignment Help Finance Basics
Reference no: EM133116836

A financial adviser is in a meeting with one of his clients. The adviser is trying to convince the client that it is a good idea to invest some money in the stock market. Consider the following two statements:

a) "You'll save money by investing in the stock market. You can expect a higher rate of return, and you'll have more money when you retire."

b) "You're losing money by not investing in the stock market. Your friends and relatives who have invested in the stock market can expect a higher rate of return, and they will have more money when they retire. You will be left behind."

Which of the two statements would be more effective in getting the client to take action and why? Make sure that in your analysis you draw on the behavioural biases that we studied in the module

Reference no: EM133116836

Questions Cloud

What your own professional contribution to the team : What your own professional contribution to the team is and the importance of teamwork - understanding of Canadian and International Logistics
Principle of comparative advantage : Critically evaluate the following statement: "David Ricardo's principle of comparative advantage teaches that if countries learn to specialize and exchange, the
What is the maximum cumulative amount : Karen donated $800 to the Canadian Cancer Society and her husband, David, donated $600 to the Sick Kids Hospital. What is the maximum cumulative amount
Sort of behaviour consistent with mainstream economics : Some companies pay annual bonuses to their employees when specific company goals have been met. There is evidence that many employees spend their bonus money mo
Effective in getting the client : A financial adviser is in a meeting with one of his clients. The adviser is trying to convince the client that it is a good idea to invest some money in the sto
Complete the income statements : Complete the income statements and the cost of goods sold calculation under the FIFO, LIFO, and weighted average costing methods
Two types of machines should uowd motors : UOWD Motors must purchase some new machines and needs to evaluate two different types. The first type of machine is the 'Rockbuilt' machine, which costs $74,000
How would this error affect the amounts reported : Assume the 2021 ending inventory of Shea's Shrimp Shack was overstated by $93,000. How would this error affect the amounts reported
What types of fixed assets does the company have : What types of fixed assets does the company have and what depreciation method(s) do they use for their different fixed assets

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd