Question

Financial Issue Discussion --Wall Street bankers rip off people and investments may go down in value. It is better just to put your cash in the bank to save for retirement.

Paragraph #1 must start with the heading:  “State your position on the issue”.

Answer 1

I disagree with the opinion.

I think the statement above is a very conservative statement. It asks people to stay away from stock market. In short not to put money in shares/stocks/market based financial instruments etc. It is true that it carries a risk but finance is based on a principle "More risk, more returns'.

A person should believe in power of market which has always performed well in long run. If a person can make investments for a longer period of time in market then he/she stands a good chance to multiply investments. In short period also a proper study is made then returns earned are better.

A conservative approach to put money in banks as savings is good but gives very less returns and in future those returns may not suffice increased needs and costs of living.

A person should not put all eggs in basket and should have multiple financial instruments to get combined returns well.