Question

Miranda thinks she is ready to invest in the stock market. What should she do to prepare?

Answer 1

•Make sure she is financially able to cope if losses are made. Investing in stock markets are risky and the money she put in could be lost so she must make sure she has other savings so she doesn't go in debt/bankrupt.

•Research in order to make an informed choice. She could research types of assets, expert advice, and how the investment would be split.

Answer 2

First, Miranda should read a prospectus. That will explain to her the risks of investing in the stock market.

Miranda should also be prepared to invest for 10 year time period.