“I’m a Place to Keep Your Investments Secure, With Dividends Paid Out Year After Year What am I?” MafiaDAO Riddle of the Day 10 September 2024
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Updated Sep 10, 2024
MafiaDAO Riddle of the Day 10 September 2024
Curious about today's riddle? Here it is: I’m a Place to Keep Your Investments Secure, With Dividends Paid Out Year After Year What am I?
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Explanation
This riddle is asking about a place where you store your money to keep it safe and make it grow. It focuses on a type of account or investment where you put your money and it earns extra money over time. This extra money is called dividends and is given to you regularly, like once a year.
The riddle is about something that helps you save your money and get more money from it every year. It doesn’t give the answer directly but describes a financial option that provides steady returns. To solve it, think about where people keep their money to keep it safe while also earning extra income regularly.
Hints
Having trouble finding the answer? Here are some hints to guide you:
- It's something you use to keep your investments.
- You might have one to organize your stocks and bonds.
- This word can also mean a collection of your work or projects.
- It starts with the letter 'P' and ends with 'O'.
- It's like a folder but for managing money.
- People use it to track how their investments are doing.
Answer
The correct answer is PORTFOLIO
Explanation
A portfolio is a collection of different investments that you keep in one place to help you manage your money. Think of it like a big folder where you put all your important papers. In a portfolio, you keep things like stocks, bonds, and other types of investments.
The goal is to keep track of how well your money is growing and to make sure you have a mix of different investments to help reduce risk. People use portfolios to see how their investments are doing and to make decisions about buying or selling them. It helps you stay organized and plan for your financial future.
MafiaDAO Riddle
The MafiaDAO Riddle is a daily puzzle challenge where you solve riddles to earn rewards. Every day presents a new riddle that requires careful thought and clues to find the right answer. These puzzles span different topics, providing a fun way to test your problem-solving skills and win prizes.
