Savings/Investment Options
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PRESENTATION OUTLINE
SAVINGS/INVESTMENT OPTIONS
BY:KADEN K.
CERTIFICATES OF DEPOSIT
MONEY THAT IS SET ASIDE THAT CAN BE ACCESSED LATER, HAS A FIXED INTEREST RATE
Pros
*You don’t spend too much money
*not much risk
Cons
*You can’t use it until a certain time
*money doesn’t increase fast
*You don’t spend too much money
*not much risk
Cons
*You can’t use it until a certain time
*money doesn’t increase fast
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TREASURY/SAVINGS BONDS
A PLACE TO INVEST MONEY THAT HAS A FIXED INTEREST RATE, EXAMPLES: 10 YEAR, 20 YEAR
Pros
*safe
*some bonds don’t have tax
Cons
*slow
*money can’t be accessed
*takes awhile to earn significant money
*safe
*some bonds don’t have tax
Cons
*slow
*money can’t be accessed
*takes awhile to earn significant money
Photo by Markus Spiske
ROTH INDIVIDUAL RETIREMENT ACCOUNT - (ROTH IRA)
A RETIREMENT FUND THAT GETS INVESTED, TAXED WHEN INVESTED NOT WHEN WITHDRAWED
Pros
*you have money when you are older
*money isn’t taxed with withdrawal
*
Cons
*taxed when invested
*money can’t be used
*you have money when you are older
*money isn’t taxed with withdrawal
*
Cons
*taxed when invested
*money can’t be used
Photo by lendingmemo_com
COLLECTIBLES (CARS, SPORTS MEMORABILIA)
VALUABLE ITEMS THAT COLLECTORS GO AFTER
Pros
*can be fun
*value can increase a lot
Cons
*value can go down
*some items are worthless and worth nothing
*rare collectibles are hard to find and take time to track
*can be fun
*value can increase a lot
Cons
*value can go down
*some items are worthless and worth nothing
*rare collectibles are hard to find and take time to track
Photo by dbfoto®
MONEY MARKET ACCOUNT
SAVING ACCOUNT WITH HIGHER INTEREST THAN USUAL SAVING ACCOUNT, SOME CREDIT FEATURES
Pros
*higher interest than saving account
*credit features
Cons
*money doesn’t increase fast
*credit features limited
*higher interest than saving account
*credit features
Cons
*money doesn’t increase fast
*credit features limited
Photo by kenteegardin
