INVESTING/SAVINGS TOOLS $20,000 EACH

SAVINGS ACCOUNT $20,000

• Savings accounts are interest-bearing accounts at banks and credit unions.
• The average savings account has a 0.06%APT
• Some risk, low interest poor return, Bank Charges, Limitations
• Good for saving Ability to withdraw at any time
• Go to your local bank and just open a savings account
• To save my money and possibly making money off of it

CERTIFICATE OF DEPOSIT $20,000

• Certificates of deposit (also called CDs) are offered by most banks and credit unions, and they are also covered by federal insurance.
• Least risk of all higher yield accounts
• 1.20% interest rate
• It has a wide selection, Better return than savings deposits
• Go to a bank and open one
• To keep my money save secure

STOCKS $20,000

• Buying stocks allow you to own part of a company. For example, if you buy a share of stock in Merger, Inc, you are a shareholder in that company.
• 7% interest rate
• Calculating risk and reward depends on how much cause you could double or triple your money
• Key ingredient in mutual funds Putting money in different types of investments could help investment
• You cou.d do it online
• To double my money that j originally put in

CORPORATE BONDS $20,000

• When you own a corporate bond, you basically make a loan to the company. You allow them to use your money and they pay you interest.
• 3.2% interest Rate
• Depends could double or triple money 50/50 high risk though
• Greater risk comes with greater reward, Proven to be a predictable source of income
• You can buy online Google
• Yes I am a risk taker and willing to take a shot to make more money

CHECKING ACOUNT $20,000

• The basic purpose of a checking account is NOT saving money. Instead, it provides a convenient way to handle personal and business transactions.
• 0.01 average interest rate
• Some risk, low interest poor return, Bank Charges, Limitations
• Easy available to me, Credit cards with low interest rates
• Go to a bank or online
• To get low interest rates to Handel my business and to have it organized

WHY IS DIVERSIFICATION IMPORTANT