Drake Bolon

From an early age, Drake Bolon has been interested in finance. When he was a teenager, his grandparents bought him stock in AOL. This gift inspired Drake to learn more about the stock market and finance in general. Over the years he has conducted his own research by reading numerous books and online articles. Along the way, his father and grandparents have assisted him in learning as well. While Drake’s study of finance has been rewarding in and of itself, it has also helped him excel in his career in sales and marketing.

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Many financial assets, like stocks, lack a predetermined outcome when it comes to their ultimate success or failure. Drake Bolon enjoys this aspect of finance. At times the unpredictability of the stock market can be nerve-wracking; however, Drake enjoys the challenge of attempting to find the best stocks and growing his portfolio. An additional aspect that Drake enjoys about finance is researching potential investments. Learning more about the latest market trends is always fascinating. At the end of 2017, Drake became more interested in cryptocurrencies like Bitcoin. The potential of currencies that are not tied to any particular government is an appealing concept that Drake looks forward to learning more about.

The most difficult challenge that Drake Bolon faces with finance—the same issue that every investor faces—is dealing with the unpredictability of the markets. Drake says, “As much as you study and prepare, there is always the element of the unknown that comes into play.” Therefore, Drake believes it’s important to take calculated risks and ensure that you have a diversified portfolio that features some “safe bets” along with riskier assets that may ultimately result in a higher payoff. In general, Drake attempts to keep a balanced portfolio of stocks and mutual funds that help diversify risk. Drake believes that an investor’s portfolio should help boost one’s financial position and provide a source of funds for potential emergencies—or an occasional splurge.

Drake Bolon’s financial knowledge has benefited his career in sales and marketing in many ways. A solid understanding of finance is the foundation for understanding any aspect of business. Eventually, every business is evaluated based on financial performance. Also, success in marketing requires an awareness of the latest trends and market changes that affect consumer behavior.