Assignment 4: Saving and Investing

1106 Words Nov 17th, 2014 5 Pages
Assignment 4: Saving and Investing
(32.0 points) 1. Describe a real or made up but realistic situation that could cause you or someone you know to have to use money from a financial reserve. (3-6 sentences. 2.0 points) I babysit two kid for parents that work during the day so if one of the lost their job I would lose mine, If I saved up a financial reserve then I might have to use it to pay for my phone bill or for clothing I need. 2. How many months ' worth of expenses do you think your financial reserve should include? Describe at least two reasons for this decision. (3-6 sentences. 2.0 points) I think I would only need about a month or two because I think I could get another job pretty fast and also I do not have many
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Explain why you think these particular investments would be good choices. (3-6 sentences. 3.0 points) Investing in stock shares that may pay me a good amount later I the future. Also I would invest in a new company to get them on their feet so they can start to gain money. I would also want to invest in a savings account that would pay me over time. 14. Describe two types of investment accounts that you might use in the future. For each type of account, list at least one reason why the type of account might be useful to you. (2-4 sentences. 2.0 points) Investing in stock in a company is something I may do in the future because I can sell this stock anytime whenever it is at high dollar. Also investing in my money in a bank and allowing them to use my money to make more is something I may also do in the future because this will help the bank and me make more money. 15. Search online to find information about a stock 's performance, and then provide the information below. You could choose a stock such as Amazon.com or Google, or you could choose another stock that interests you. TIP: Morningstar.com or Yahoo! Finance (finance.yahoo.com) are good sources of stock information. a. The date you collected this information. (0.5 points) b. The website where you collected this information. (0.5 points) Www.google.com c. The name of the company you chose (0.5
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