Hello Accelerated Math Students! As part of your Quarter 2 investment project, you will post on this blog using your holiday pseudonym. You will also comment on two other posts. EXTENDED DUE DATE: SUNDAY DECEMBER 11, 2016. The grades are now finished for the blog.
Thursday, November 17, 2016
Investment project
In this investment project I researched the annual rate of return for banks and the annual rate of return(or dividend rate) for companies. I learned that Wells Fargo had an annual rate of 0.01% for their Savings accounts. This percentage was found on wellsfargo.com/savings-cds/rates. I also learned that BP, a refinery, had a dividend rate of 7.17% as of 11/10/16. My dad, lactose, showed me how to look for the dividend rate on finance.yahoo.com. I learned that the percentage of a savings is a lot less than the percentage for an investment. A savings account won't earn as much money as an investment for the same year. Learning this information has given me a better understanding about how to handle my money by choosing the right bank to put my money in and what company I should invest in to earn more money each year. My conclusion is that an investment account will exceed the amount a savings account balance will provide.
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interesting, bank of america also had 0.01% earning
ReplyDeleteChase also has a rate of 0.01%. I guess many banks have the same rate.
ReplyDeletenice job adding your cites! haha, what bank would you choose knowing that other banks have the same annual rate?
ReplyDeleteSay "Hi" to Lactose for me. Very cute.
ReplyDelete