Assignment 4: Saving and Investing Essay

926 Words May 31st, 2013 4 Pages
Assignment 4: Saving and Investing
(32.0 points) 1. Describe a real or made up but realistic situation that could cause you or someone you know to have to use money from a financial reserve. (3-6 sentences. 2.0 points): having to get a car. Another situation could be house repairs. 2. How many months' worth of expenses do you think your financial reserve should include? Describe at least two reasons for this decision. (3-6 sentences. 2.0 points): 6 months because I could lose my job. It will make me go into my financial reserve. I may also have to pay medical bills because someone got sick or injured. 3. Would you rather have a savings account that offered simple interest, or an account that offered compound interest? Why?
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3.0 points) FOREX trading, single-share companies, HYIP. These investments are more likely to stay afloat. Even if they are smaller than investments such as Google, small companies can also be a good investment. 14. Describe two types of investment accounts that you might use in the future. For each type of account, list at least one reason why the type of account might be useful to you. (2-4 sentences. 2.0 points) IRA and mutual funds. 15. Search online to find information about a stock's performance, and then provide the information below. You could choose a stock such as or Google, or you could choose another stock that interests you. TIP: or Yahoo! Finance ( are good sources of stock information.

a. The date you collected this information. (0.5 points) April 30, 2013 b. The website where you collected this information. (0.5 points) c. The name of the company you chose (0.5 points) Google d. The stock's ticker symbol (0.5 points) Public. ASX:QAN e. The 52 week high (0.5 points) 827.64 f. The 52 week low (0.5 points) 817.68 g. The Yield percentage (0.5 points) 1.4% h. The Volume of stock sold (0.5 points) 2,306,636 i. The stock's value at the close of business (0.5 points) $824.57 j. The net change in the

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