Question 7 ch.7

• What have you learned after reading this chapter? Has it broadened your perspective about a difficult issue—personal or societal? Has it introduced you to a new idea or way of thinking

Prior to reading this chapter, I did not know much having to do with stocks and investments. Since my dad works for Wells Fargo, he always would try and talk to me about stocks and how much money you could make due to them. He invested in different things for my mom, brother, and I. I had no idea until I was about 14 that I had a place in the stock market. Every once in a while he would mention that my stocks had been going up, as I tried to act excited. After reading this chapter, I am excited! I didn't see how important stocks are until now. I loved how he explained it as putting money under your bed, and how that is not beneficial. I put money in a piggy bank and I won't exchange it for cash until it is full. I never realized that the price in that piggy bank is depreciating. I understand that Wheelan is not telling us to go out and spend all of our money like we are suddenly wealthy people, but rather save and invest, instead of merely saving. If you invest your money into something, it is likely you will make that money back, and hopefully make more. I understood what it meant to invest, but now that I can see the benefits, it makes it much more applicable and interesting. I am glad that my dad taught me to invest before I even knew how, because now I know he only had my best interest in mind.