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

• Investing: Putting money into securities like stocks, bonds, or mutual funds with the hope that it will grow in value. – Gamble

Interest

• Simple Interest

• Compound Interest

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.

Stocks

• Excite money and investing

• Yahoo Investing

• Stock Market Resources

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/

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.

CDs continued

• 15 months – 10,000 3.25%

• 24 months – 5,000 3.15%

• 36 months – 5,000 3.65%

• Other stipluations

US Savings Bonds

• I Bond - 3.67

• EE Bond - 3.25

• Patriot Bond – 3.25

• 5 year maturity

Savings Account

• Current percentage - .65 quarterly– No minimum

• Money Market – – .2% 1,000 or less– 2.2% more than 1,000

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.