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Investment Comparison Activity
Investment Comparison Activity
Investment 1:
Goal setter
Investment 2:
minor account
0.03%
0.03%
$50
$50
Investment 3:
529 savings
account
Remain the same
until the maturity
date, dependent on
length of account
$500
$5 a month
$25
$250,000
FDIC approved
FDIC approved,
529 tax advantage
3 months to 12
years
$50
$50
$500
$5 a month
$25, .219%-.353%
service fees,
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
7-364 days: 1%
365 + : 2%
36 months + : 3%
Up-front cost or
commission, if
any
Service Charges,
Fees
Investment Comparison
protection fee of
$12
Savings
Investment
Objectives
(retirement,
personal saving,
college, other)
Minor savings
529 savings
account
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)
The minor account would be the best because it doesnt really have service
charges or any other additional fees. The least best option would be the goal
setter because there is so many additional service charges.
2. What investment option could you start in the near future?
I could start a goal setter savings account or a 529 savings account.
3. What is the most important aspect of investing for you?
I would open a savings account to save money in the long run.
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.
Get a savings account or invest in any kind of savings account. Start as early
as you can!!!! Mrs. Miller