Investment Blog (Late)

Over the couple of weeks I spent completing my project, I have learned a lot about investing and saving. Many of my friends have helped me over this period of time and I would like to mention them. I would like to give credit to Sylvia for helping me with the formula, Bryan Ly, and Jason Wu. This project has given me the motive to invest and save money. Before being assigned this project, I knew of investing but I did not have extensive knowledge on the actual concept. In my project, I had kind of a difficult time choosing a company, so I decided to choose Apple, whose rate of return is 19.2%. A lot of other companies I chose at first did not meet the required 6% total, which surprised me. I also decided to start by saving $300 each month. Another thing I learned in completed my project is the huge difference between savings and investment. Saving is for more short-term goals like having emergency money. Investing is in a way for long-term goals, like saving for your child’s college education. When you invest, the money you are investing is typically not gonna come as fast as it is in a savings account, but when you save, you have access to ready cash when you need it, but there is a limit to how much you can take out. In conclusion to my report, I would like to state that opening an investment account is the better way to go in most situations, and this report has changed my outlook on investment.