Lesson Objectives
- Explain how investing builds wealth and helps meet financial goals.
- Examine the relationship between diversification and risk.
- Identify regulatory agencies and their functions.
- Evaluate investment alternatives: money markets, bonds, single stocks, mutual funds, annuities, and real estate.
- Explain the Rule of 72.
- Identify different types of retirement plans.
- Explain how taxes affect the rate of return on investments.
- Understand how pre-tax and after-tax investments work.
- Understand how the stock market works.
- Be familiar with the various retirement account tax treatments.
- Develop a plan for investing; describe how to buy and sell investments.
- Analyze the components of an employer benefits package.
- Explain how compound interest works.
Assignment 8.R.1
- Make a copy of this Google Document. Rename the file Wealth Pyramid-(Your Initials) and move it into your Chapter 8 folder.
- Complete the document as directed.
Assignment 8.R.2
- Make a copy of this Google Document. Rename the document to Retirement Planning-(Your Initials) and move it into your Chapter 8 folder. Complete the document based on the directions within the document.
- Update your investments from Day 54. Fill in column I with today’s updated close pricing to see where your investment is at as of today.