Your cousin, Stanley, just graduated from Saskatchewan Polytechnic with a Business Diploma. Up to now...
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Finance
Your cousin, Stanley, just graduated from Saskatchewan Polytechnic with a Business Diploma. Up to now Stanley has accumulated substantial credit card debt and has devoted virtually no time to developing his own personal financial plan. However, he is very excited to start investing after learning so much in FIN100. The first thing Stanley wants to do is start buying some shares in a new diamond mine company in northern Saskatchewan since he overheard his new co-workers, Kevin and Oscar in the lunchroom say that our province's diamond industry was about to take off. Based on what we have discussed in class, what is the problem with Stanley's approach to investing in this case and what should he be doing instead
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