Business and Personal Finance © 2007
Investing Financial Resources
WebQuest Internet Projects
Task 1: Seek out the experts. (page 234)
When researching on the Internet, you will find a lot of experts and advice about investing. You will have to decide which experts to choose and which advice to follow. Begin by using a search engine to identify Web sites that offer investment advice to young people. Make a list of the Web sites to use later. Write a sentence or two about those that best fit your needs and situation.
Task 2: Create a budget that reflects your current needs. (page 241)
A budget is a plan for spending and saving your money. Budgeting can help you control your expenses so you do not spend more money than you have. A budget will keep you on track toward achieving your short-term and long-term goals. When you have a budget, it is easier to pay your bills on time, save money each month, and avoid money problems. Research budgeting basics, and write a paragraph about how to create and maintain a budget.
Task 3: Learn when to buy and sell stocks. (page 286)
What do investors do when they want to know which stocks are going up (or down) in the stock market? They may check the major market indexes and averages. Or they may rely on other not-so-scientific methods. For example, some analysts think that a Super Bowl win by a team in the National Football Conference (NFC) means a good year for stocks-and a win by a team in the American Football Conference (AFC) means a bad year for stocks. Learn about and describe in a sentence or two some market-monitoring techniques that make sense-and some that do not.
Task 4: Learn how to choose a mutual fund. (page 337)
Learn more about mutual funds and how a professional mutual fund manager oversees a portfolio of stocks, making decisions about when to buy and sell. List ways to learn about and choose a mutual fund for your investment objectives. Write a paragraph about how you can benefit from joining an investment club.
Task 5: Learn how to invest in real estate .(page 358)
Read more about the pros and cons of investing in real estate as a young person. Why is it better to start early rather than waiting until later in life? Make a list of the steps you might take to secure your first real estate investment. Write a definition for these five terms: flip, renovate, long-term rental, close,and mortgage broker.