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Investment 1:
.03
Investment 2:
.03
Investment 3:
Depends on the
length of an
account
500
50
500
5 a month
5 a month
25
FDIC approved
FDIC approved
FDIC approved
500-25000
500-25000
3 months-12 years
Normal charges
Normal charges
7-364 days- 1%
Annual Interest
Rate
Minimum Initial
Deposit (e.g.
$500, etc.)
Minimum
Subsequent
Deposit
(Monthly,
Weekly, Every
Pay, etc.)
Safety (insured
by FDIC, NCUA,
other
Date to Maturity
365 days-35
months-2%
36 months or
greater-
50
50
3%
500
.219-.353
Minor savings
529 savings
Up-front cost or
commission, if
any
Service Charges,
Fees
Investment Comparison
Investment
Objectives
(retirement,
personal saving,
college, other)
1. Which investment seems to be the best option for you? Why? Which is the
least? Why? What surprised you the most when researching your
investments? What was the most difficult part? (give detail) Because I am
not 18 I would do the minor savings account, it is cheaper to open,
529 would be the last to pick because I am not that far yet. Finding
information on this was the hard part
2. What investment option could you start in the near future? 529 Savings
3. What is the most important aspect of investing for you? Saving money
4. Discuss investing with an adult who has investments (of any kind). Ask how
they started investing, what age they began investing, why they invest, and
what they recommend/suggest before starting any kind of investment. My
grandmother has investments in all 4 of the grandkids. She had a
set amount of money in the bank and when we turn 18 we get the
money. I dont get mine until I turn 21. She did this when each of us
were born, so that we would have money when we graduated high
school. She told me that she would recommend starting early when
investing.