Investing Project: Making Money Work for YouPossible Pts. (25)

Important Life Events - Financial Strategies

Name ______Date ______

Create a PowerPoint presentation that identifies strategies for long-term financial health at differentstages of life. For each stage in life, discuss some events that typically occur (i.e., college expenses, first car, down payment for home ownership, retirement) and how those events may guide you to make certain financial decisions (i.e., choosing different investment vehicles with varying levels of risk). Discuss several ideas with a partner, and then record them in the chart below.

Age / Life Event / Strategies for Financial Health
16 –18 (1-year goal) / Goal amount -
25 – 30 (5-year goal) / Goal amount –
30 - 65 / Retirement / Goal amount – $1,000,000

In this course, we have considered ways to use savings and investing accounts. Use what you have learned to outline your savings/investment plans for the future. The plan should be realistic for your current and future situations. Select (2) Life event goals and research online, plan and project/estimate strategies to meet the goals.

Include the following information in your plans.

  • Details of investment strategies that will help you meet your financial goals for each scenario.
  • Outline your investing strategy – amount to invest – Maximum of $500 per month, how often, and when to invest
  • Identify a specific savings or investing account
  • Include the current interest rate or (1) year rate of return – Maximum of 20%
  • Describe the potential risks and rewards of the chosen investments
  • Diversify investments for the project
  • Web Sites – US News & World Report -
  • Banking – Savings accounts (Bank of America - or Wells Fargo -
  • CNN Money – DOW, S & P 500
  • Mutual funds/ETF’s -
  • Calculator website – or
  • Cool Million -
  • Identify (2) financial goals that you could use over a lifetime.
  • Goal #1 - $1000 - $2000, Interest rate = (0 – 1%) (Age 16 – 18)
  • Goal #2 - $5000 - $20,000, Interest rate/rate of return (4 – 20%)
  • Goal #3 - $1,000,000 retirement, Interest rate/rate of return (4 – 12%)
  • Use calculator – “Cool Million calculator”
  • Outline a savings/investing strategy for each – amount to invest, how often, starting amount & ending balance to meet a financial goal
  • Identify a specific savings/investing account –
  • Bank accounts - Savings/Checking account, Certificate of Deposit, Money Market account (pro’s & con’s pg. 8 - Module 4: Investing)
  • Mutual Funds - ETF’s (pro’s & con’s pg. 24 – Module 4: Investing)
  • Corporate Stocks – DOW 30, S & P 500, Penny Stocks (pro’s & con’s pg. 20 – Module 4: Investing)

Life Events – Grading Rubric
Student names ______/ Possible
Points / Points Earned
  1. Work Habits(5 points)
  • Works diligently in class - _____ / 4
  • Completes assignment by the due date ___ / 1
/ 4
1
Savings Accounts
  • Type of account – Interest earned (0% - 1%)
  • Use income investment options –
  • Savings/Checking account, Money Market account
  • Outline – amount, how often the money will be saved
  • My Strategy - Identify the end goal and how specifically it is achieved
/ 1
3
2
4
Investing Accounts –Mutual Funds or ETF’s
  • Type of account – Return on investment (4 – 20%)
  • Use growth investment options –
  • Mutual Funds, ETF’s
    Describe risk/reward
  • Outline – how often the money will be saved
  • My strategy - Identify the end goal and how specifically it is achieved
/ 1
2
2
3
2
Investing Accounts - Stock Investments
  • Type of account – Return on Investment (4 – 20%)
  • Use growth investment options –
Corporate Stocks – DOW 30, S & P 500, Penny Stocks
  • Describe risk/reward
  • Outline – how often the money will be saved
  • My strategy - Identify the end goal and how specifically it is achieved
/ 1
3
2
2
2
Total Points (25)