Business and Personal Finance © 2007Chapter 8:
Saving and InvestingS&P's Financial FocusMaking Investments GoalsTo reach your financial goals, you will need to consider what investment goals you have. You may be investing for college, or for your first house. To reach your goal, you will need to plan and be willing to save instead of spending your money. Quiz Yourself An investment plan begins with a specific goal. As you think about your goal, answer the following questions: - What is your specific goal?
- What is the amount of money you will need to reach this goal?
- What amount of money do you have to invest?
- How long do you have to obtain the money to reach the goal?
- What type of return do you need to make on your investment?
- How much risk are you willing to take with the investment money?
- What sacrifices must you make in order to save to meet your goal?
- What first step can you take today to reach your goal?
Standard and Poors publishes the globally recognized S&P 500® financial index and provides credit ratings. It also gathers financial statistics, information, and news, and analyzes this data to help individuals, companies, and governments make financial decisions. Go to www.standardandpoors.com to learn more about this company. |