Sunday, December 11, 2016

Investing makes you more money

Before doing this project, I thought that letting your money sit in a savings account and you can get a lot of money from that. But when I researched the bank's annual rate of return, I found out that the annual rate of return for Wells Fargo was 0.01%. I found it on  https://www.wellsfargo.com/savings-cds/rates/. When I did my calculations, it showed me that you will never make a lot of money by letting your money sit in a savings account. Then I found out about investing. Investing in companies and businesses with a high rate of return will make you big bucks. I learned that if you find a company with a really high rate of return and you invest in that company, you will make a lot of money. You can literally make money while you are sleeping. You can also invest in the wrong company and lose a lot of money. Overall, you should invest in a company that has a high annual rate of return and make sure that its stocks don't drop a lot.

2 comments:

  1. Thanks for sharing this with everyone! I like how you site your source. This post is easily relatable and many people can relate to this post! The lesson at the end will probably help them the most!

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  2. I agree!!! Investing will benefit you and it would help everyone in the future. Thanks for sharing!

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