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Investing Basics Chart 2.04
By: Jameshia Davis
Type of Investment
Description – explain what it is and how it works.
Level of Risk and Potential Return – explain.
Real-life example of this investment (name or company)
Minimum investment amount or time? Easy to start or stop investment? Discuss.
CD
A savings certificate entitling the bearer to receive the interest. It bears a maturity date, a specified fixed interest rate and can be issued in any denomination.
The longer term you select, the higher the rate of return. CD's are available in terms as short as seven days and as long as seven years. You should keep in mind you will have to pay a penalty for early withdrawal from a CD. Federal Deposit Insurance Corporation issued by banks brokerage firms across the country.
Typically 1,000 you can purchase traditional certificates of deposit through brokerage forms such as Wells Fargo Advisors.
IRA
Individual Retirement Account (IRA)—a portion of a person's income is set aside to be withdrawn after retirement, growing interest in the meantime through investment in other securities. Employers might contribute to the account as a benefit to employees.
Since the IRA itself is an account structure ,it has no risk associated with it. The investments you choose to place within the IRA each carry their levels of risk.
The IRA plan, was established in 1974 by congress, has been an extremely popular retirement savers plan for workers for over thirty years. The minimum purchase indicates the smallest amount a fund will accept to establish a new account.
MMA
An interest-bearing account that typically pays a higher interest rate than a savings account , and provides the account holder with the limited check- writing ability. Interest rates are usually higher than the rates for savings account but lowers Bank Money Accounts have no risk on the first 100,000. Money Market Account places restrictions on the amount that the transactions that that an
By: Jameshia Davis
Type of Investment
Description – explain what it is and how it works.
Level of Risk and Potential Return – explain.
Real-life example of this investment (name or company)
Minimum investment amount or time? Easy to start or stop investment? Discuss.
CD
A savings certificate entitling the bearer to receive the interest. It bears a maturity date, a specified fixed interest rate and can be issued in any denomination.
The longer term you select, the higher the rate of return. CD's are available in terms as short as seven days and as long as seven years. You should keep in mind you will have to pay a penalty for early withdrawal from a CD. Federal Deposit Insurance Corporation issued by banks brokerage firms across the country.
Typically 1,000 you can purchase traditional certificates of deposit through brokerage forms such as Wells Fargo Advisors.
IRA
Individual Retirement Account (IRA)—a portion of a person's income is set aside to be withdrawn after retirement, growing interest in the meantime through investment in other securities. Employers might contribute to the account as a benefit to employees.
Since the IRA itself is an account structure ,it has no risk associated with it. The investments you choose to place within the IRA each carry their levels of risk.
The IRA plan, was established in 1974 by congress, has been an extremely popular retirement savers plan for workers for over thirty years. The minimum purchase indicates the smallest amount a fund will accept to establish a new account.
MMA
An interest-bearing account that typically pays a higher interest rate than a savings account , and provides the account holder with the limited check- writing ability. Interest rates are usually higher than the rates for savings account but lowers Bank Money Accounts have no risk on the first 100,000. Money Market Account places restrictions on the amount that the transactions that that an