Question

Using the principles and strategies of saving and investing, create a saving and investing plan. Remember, a saving and investing plan is an outline or list that names the types of savings or investments you will use. The outline also shows the amount or percentage you will put into each savings account or investment. For this project, evaluate and select at least three investments or savings accounts. Did your overall portfolio increase or decrease in value? Which investments or accounts increased and which decreased? By how much? What did you learn about investing from this project? Did you learn about how much risk you like to take? Did you learn about how much work is involved in selecting investments? Explain.

Answer 1

In order to create the savings plan what you need to do would be to

• Make savings and investment goals.
• Know the amount you want to save monthly.
• Pick a strategy for investment
• Next you open a savings account.

The three accounts that an individual may decide to save money

• Treasury bills
• Savings account
• Money market funds

All of these are the accounts that a person would decide to save their money and invest into.

Depending on the amount that you save, you are supposed to have an increase in the portfolio.

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