The Innovation Academy visited Banco Financiero this morning! Andrea's dad is the CEO of this bank and we got the opportunity to visit one of their main offices.
We had a presentation about how to manage our money, some tips on how to do this and recommendations of how to invest your money in stocks and the risks leading to it
We had a presentation about how to manage our money, some tips on how to do this and recommendations of how to invest your money in stocks and the risks leading to it
What I learned:
Loans
For a bank to provide loans to people or companies who ask for it, it is very important to get to know your client. Will they be a good investment of money and time? How reliable are they? Are they the right client? And most important of all... Will they pay back the loan?
All of those are important questions the bank should ask themselves before making a final decision. I think this link a lot to our finance project.
We have to study our client and make sure what he likes and dislikes. What is he passionate about. Try to think the way our client would think in order to be accurate in our decision for what stocks to invest in.
This is called Marketing. Often times we think marketing is working with publicity and trying to sell a product or a business but, actually, is completely different. Studying your client, knowing him/her, this is marketing.
Loans
For a bank to provide loans to people or companies who ask for it, it is very important to get to know your client. Will they be a good investment of money and time? How reliable are they? Are they the right client? And most important of all... Will they pay back the loan?
All of those are important questions the bank should ask themselves before making a final decision. I think this link a lot to our finance project.
We have to study our client and make sure what he likes and dislikes. What is he passionate about. Try to think the way our client would think in order to be accurate in our decision for what stocks to invest in.
This is called Marketing. Often times we think marketing is working with publicity and trying to sell a product or a business but, actually, is completely different. Studying your client, knowing him/her, this is marketing.
NOTES
Price & RIskThe higher the risk, the higher the price The lower the risk, the lower the price Why? Interest rates. | Vocabulary
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