Investing

It has been said that those who don't understand interest pay it, and those that understand it, earn it! Check the website Links to an external site.(Ch. 5) for information on investing. 

In Canada, we also have Canadian Savings Bonds and Tax Free Savings accounts.
As a learning activity, you are going to be given an imaginary budget of $500.00. Find the best investment option for you to invest your money into. Here are 6 options:

• Mutual Funds
• Stocks
• Tax-Free Savings
• Bonds
• RESPs or RRSPs
• Guaranteed investment certificates (GIC)

Go to any major bank's website and browse the investments menu. They have interest calculators and options for your money.

Your task is to create a presentation that shows the 5 year growth on 5 different options.

On the final slide, determine the pros and cons of each and choose which investment would work best for your financial goals