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Reflection # . Index Cards at Door. What would you do with 100 million dollars? Bell Quiz Day 5 Investing Part 1. Class Assignment 2: Managing a Checking Account.
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Reflection # Index Cards at Door What would you do with 100 million dollars? Bell Quiz Day 5 Investing Part 1
Class Assignment 2: Managing a Checking Account Using your checks and deposit slips on (page), make the following banking transactions and record them on the check register (page ) in order. Today fill out: 15. February 20- write check #110 to Super Fresh Market in the amount of $46.28 for groceries. 16. February 20- use your check card at Action Video for two movies and popcorn for $8.15
Investing part 2 What do you know about the stock market and investing? (write this down on the lined side of your index card)
Types of Investments: Stocks Bonds A security representing a loan of money from a lender to a borrower for a set time period, which pays a fixed rate of interest. • An investment that represents ownership in a company or corporation.
Types of Investments: Mutual Funds Real Estate An investor buys pieces of property, such as land or a building, in hopes of generating a profit. • An investment that pools money from several investors to buy a particular type of investment , such as stocks.
Types of Investments: Savings/Certificates of Deposits Collectibles Unique items that are relatively rare or highly values. Artwork, baseball trading cards, coins, automobiles, antiques • A deposit that earns a fixed interest rate for a specified length of time. • The longer the time period the greater the rate of return • There is a substantial penalty for early withdrawl.
Mutual Funds are a Terrific First Investment! • If you haven’t bought stocks before, you should consider investing in a mutual fund. When you first buy stocks, you’re probably not going to buy a lot of different ones. And if you only buy a few stocks, the value of your stocks is likely to jump around. But, if instead, you buy shares or a mutual fund-the mutual fund will be invested in many, many stocks and hence the value of your investment will move more gradually and be safer.
Risk, Reward, and Tolerance Take the Quiz in the Study Guide
Investing Scenarios • Your friends, Jim and Joey (16) are twin brothers and just received a $1000 inheritance from a wealthy aunt. Jim wants the two of them to put their money together and buy a 4-wheeler. Joey says he wants to put his money in a savings account. Jim comes to you to ask you to help persuade Joey to buy the 4-wheeler. What is your best financial advice? • You were visiting your grandpa and you happened to find $5000 stashed in an old shoe box. He told you that he had been saving this money for over 20 years. Explain to him other options he has.
Investing is like… • Have you heard the word simile? A simile is often used in English and is defined as using “like” or “as” to compare one item to another. • In this assignment you will be creating a simile using “Investing is like…” You can use any of the supplies in class that are available. • At the top of the paper title it “Investing is like…” and then begin to think of a comparison. You will then need three supporting facts on why investing is like than item. • You will also need it to be illustrated using corresponding pictures. This assignment will be turned in at the end of the unit.
Lets Play!! PIT
Note to Teacher: • If have more time, go over questions from the PIT game. • Work on engagement ring assignment.