ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -“For your own good, for the good of your family and your future, grow a backbone. When something is wrong, stand up and say it is wrong, and don’t back down.”

Detailed explanation-2: -Plain and simple, here’s Dave’s investing philosophy: Get out of debt and save up a fully funded emergency fund first. Invest 15% of your income in tax-advantaged retirement accounts. Invest in good growth stock mutual funds.

Detailed explanation-3: -One risk is an investment made from borrowed money may drop in value, which could be less of a concern if it’s a long-term move. Additionally, the cost of the loan over time may become higher than the profit made from it.

Detailed explanation-4: -Borrowing to buy investments can be an effective way to boost your potential returns. This is called using leverage. The more you invest, the more money you can make. But if things don’t work out, you will have bigger losses.