WGYP - Session 6 Stocks and Mutual Funds by Lisa ZHONG

Ticket To Leave

nblisazhong — 2024-11-13 17:54:34 UTC

Evaluate each of the Investment Options below, and explain which one is the least risky.

•Investment A: A government bond that pays a fixed 3% annual interest rate. The bond has low volatility and is backed by the government.

•Investment B: A stock from a well-known technology company that has a history of fluctuating prices, with potential high returns but also significant risk.

•Investment C: A savings account at a bank that offers a 1% annual interest rate. The account is insured and has no risk of losing the principal amount.

Financial Wellness @ Penn

nblisazhong — 2024-11-13 17:58:45 UTC

You can take the survey to understand your own risk tolerance level. Feel free to explore other content on this website as well.

https://srfs.upenn.edu/financial-wellness/browse-topics/investing/understanding-risk

Tips on Budget tracking

nblisazhong — 2024-11-13 18:04:22 UTC

Step 1: track your monthly income & spending (e.g. Google spreadsheet - "Monthly budget" template)

Step 2: Look at each category's budget vs. actual spending & identify why (usual spending or a one-time occasion)

Step 3: take actions to cut down or increase budget/spending on ones you find necessary.

Come back next session to discuss your findings.