Investment advice from business students

Looking to buy stocks? Cryptocurrency, perhaps? Do not worry. Bethel business leaders are here to help.

By Sarah Bakman

If you’re like me, you probably don’t understand the ever-changing investment scene. People buy and sell digital drawings of monkeys for hundreds of thousands of dollars, calling them NFTs and claiming that it will somehow change the world.

I’m a humble communications student (aka clown school student), so I thought I’d do hard-hitting reporting and ask the professionals.

No, not stockbrokers and financial advisors.

I mean people who have coveted IDs that can get them into that fancy glass room across from the RC gym. The people who collectively wear all of Bethel’s sports. The people with the most LinkedIn connections.

Yes, I’m talking about business majors.


How to build an investment budget?
Use your heart.

What is diversification?
It’s when you spread your money between several different investments so that you are not dependent on just one. If something goes wrong, all your money is not in one basket.

What do you like to invest in?
I like investing in technology companies and the S&P 500 index fund: the old reliable.

Should I buy cryptocurrency?
Don’t chase me. It’s the most volatile thing there is. You could very easily lose your money. But I think if you hang on to it for a while, it will be important in the future. So put some on and just test the waters.

Should I buy NFTs?
No, because you can just capture them… If you capture them, the whole world explodes.


How to build a budget?
I set a limit on the amount I invest and distribute the money in different stocks. It’s good to have variety.

Should I buy NFTs?
No. It’s a waste of money.

What happens if someone captures my NFT?
You wait for the government to knock on the door.

Should I invest in cryptocurrency?
I think it’s too new and I wouldn’t trust to invest my money in something more like a bet. I don’t think I would want to invest my money in something I don’t know much about.


What apps should I use?
I would recommend setting up a brokerage account with Charles Schwabb or Fidelity. I would avoid Robinhood. It is not very good for its users and has been involved in multiple scandals.

Can I invest in real estate?
The [are] lots of opportunities to invest in real estate, but transactions require more time and more money than buying stocks or cryptocurrency. It’s a bigger commitment, and it tends to increase for long periods of time and then decrease dramatically over time. Be careful and figure out where you are in the cycle.

What is Blockchain?
Blockchain is a digital way for everyone to agree on who owns what… It’s going to be a pretty powerful future technology, and it’s what’s being used to support NFTs and cryptocurrencies.

Should I buy cryptocurrency?
It’s quite risky right now and the price is moving a lot. You want to set up a wallet through something like Coinbase or FTX rather than or one of the other services. I would be very careful about how you buy it. Never put more than 5% of your money into crypto.

Should I buy NFTs?
NFTs are a great way to create a digital footprint, but the metaphor that they look like paintings isn’t very accurate. I would say that NFTs are reserved for very specific cases that most people will never encounter. There is no reason to be drawn into many NFT scams out there, so I would recommend avoiding NFTs.

Thank you, o wise business majors. I’m sorry if I ever underestimated you. Now that I’m confident in my investment choices, I’m overwhelmed with all the untapped potential buzzing around campus. Political science students can tell me who to vote for in the next election for the president of the study body. Music majors can curate the perfect Spotify playlists for me. Engineering majors…can do something. I still don’t know exactly what engineering is. Maybe they can explain it to me!

Basically, this campus is filled with free, unprofessional advice. Ask your friends today.


Cryptocurrency: The National Institute of Standards and Technology defines cryptocurrency as “a digital asset/credit/unit…that is sent cryptographically from one blockchain network user to another.”

Non-Fungible Token (NFT): According to Forbes, an NFT is “a digital asset that represents real-world objects like art, music, game items, and videos. They are bought and sold online, often with cryptocurrency, and they are usually encoded with the same underlying software as many cryptos.