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Personal Management

Personal Management. Troop 1054 Mr. Schroeder, Scoutmaster. Savings VS Investing. Savings: Money that a person accumulates and saves and is considered part of a person's assets. For sure bet

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Personal Management

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  1. Personal Management Troop 1054 Mr. Schroeder, Scoutmaster

  2. Savings VS Investing • Savings: Money that a person accumulates and saves and is considered part of a person's assets. • For sure bet • Investing: Putting money into securities like stocks, bonds, or mutual funds with the hope that it will grow in value. • Gamble

  3. Interest • Simple Interest • Compound Interest

  4. Common Stock • These are securities that represent equity ownership in a company. Common shares let an investor vote on such matters as the election of directors. They also give the holder a share in a company's profits via dividend payments or the capital appreciation of the security. Used in the context of general equities.) units of ownership of a public corporation with junior status to the claims of secured/unsecured creditors, bond and preferred shareholders in the event of liquidation.

  5. Stocks • Excite money and investing • Yahoo Investing • Stock Market Resources

  6. Mutual Funds • A mutual fund is a company that pools the money of many investors -- its shareholders -- to invest in a variety of different securities. • There are many different types of mutual funds • http://www.mfea.com/

  7. Certificate of Deposit • A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified interest rate, and can be issued in any denomination. CDs are generally issued by commercial banks.

  8. CDs continued • 15 months – 10,000 3.25% • 24 months – 5,000 3.15% • 36 months – 5,000 3.65% • Other stipluations

  9. US Savings Bonds • I Bond - 3.67 • EE Bond - 3.25 • Patriot Bond – 3.25 • 5 year maturity

  10. Savings Account • Current percentage - .65 quarterly • No minimum • Money Market – • .2% 1,000 or less • 2.2% more than 1,000

  11. Life Insurance • This is life insurance that remains in force during the life of the insured, provided premiums are paid as specified in the policy. Whole life builds a cash value as a result of the level premium approach to funding the death benefit.

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