Question

Is 1348.84 for Stocks budget too much? and Should I go a little lower for my Stocks Budget?

A. Yes, it's too much.
B. No, it's a reasonable budget.
C. Maybe, consider a lower budget.
D. Depends on your financial goals.

Answer 1

The appropriateness of a $1348.84 stocks budget is subjective and should be based on individual financial goals, budget, and investment strategy, rather than being deemed categorically too high or low.

Step-by-step explanation:

Deciding whether $1348.84 for a stocks budget is too much depends on various factors, including your financial goals, income, and investment strategy. It's not necessarily about the amount being too high or low; it's about whether it aligns with your personal financial plan. A good budget helps you keep track of your income and expenses, identifies wasteful expenditures, and assists in achieving financial goals. It's important to consider the advice that most Americans can amass significant financial wealth through acquiring education beyond high school and starting to save early. Reflect on your comfort with investment risks, your time horizon for achieving your financial goals, and whether this budget will interfere with other financial commitments.