Investing Paper Just about every goal that I can think of has a financial component to it So, with this assignment we are trying to figure out where is the best place to put your money so it can grow faster than inflation For longer term goals (5 to 10 years) many people recommend investing in the stock market But how do you start In this assignment you will work to figure this out for your own financial situation There are several parts to this paper so be sure to include information about each question to receive full credit Find an online brokerage account that you feel would work best for your situation Some companies that I suggest you investigate include TD Ameritrade Charles Schwab WeBull Acorns RobinHood ETrade Fidelity Vanguard In the first couple of paragraphs of your paper decide which company you would select for your investment account Be sure to include answers to all the following prompts Explain your selection process What are the account fees and minimums needed to open an account How does the company make money (especially if they dont charge any commissions for trades ) Determine what kinds of investments you would make In the next couple of paragraphs answer the following questions What would you be saving money for When would you want to withdraw the money for your goal What would you feel comfortable investing your money in (Stocks, bonds, mutual funds, Exchange Traded Funds (ETFs), Large company stocks, Small company stocks, etc ) I suggest starting with the following symbols with regards to stocks DIA, SPY, IWM, RSP, IJR, QQQ, and MDY See if any of these ETFs would match your risk tolerance and goal for expected rate of return Determine what type of an account would have the most favorable tax treatment In the final few paragraphs determine if you would benefit from doing this saving within a tax favored account such as an IRA, Roth IRA, 401(k), or would you open a taxable account Discuss how much you would be saving each year for this goal, and how you would get the money out of the account when needed Are there any tax penalties for an early withdrawal Could you qualify for an exception to these penalties based upon what you are planning to use this money for

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Investing Paper Just about every goal that I can think of has a financial component to it. So, with this assignment we are trying to

Investing Paper

Just about every goal that I can think of has a financial component to it. So, with this assignment we are trying to figure out where is the best place to put your money so it can grow faster than inflation. For longer-term goals (5 to 10 years) many people recommend investing in the stock market. But how do you start? In this assignment you will work to figure this out for your own financial situation. There are several parts to this paper so be sure to include information about each question to receive full credit.

Find an online brokerage account that you feel would work best for your situation. Some companies that I suggest you investigate include:

TD Ameritrade

Charles Schwab

WeBull

Acorns

RobinHood

ETrade

Fidelity

Vanguard

In the first couple of paragraphs of your paper decide which company you would select for your investment account. Be sure to include answers to all the following prompts: Explain your selection process. What are the account fees and minimums needed to open an account? How does the company make money? (especially if they dont charge any commissions for trades.)

Determine what kinds of investments you would make.

In the next couple of paragraphs answer the following questions: What would you be saving money for? When would you want to withdraw the money for your goal? What would you feel comfortable investing your money in (Stocks, bonds, mutual funds, Exchange Traded Funds (ETFs), Large company stocks, Small company stocks, etc.) I suggest starting with the following symbols with regards to stocks: DIA, SPY, IWM, RSP, IJR, QQQ, and MDY.See if any of these ETFs would match your risk tolerance and goal for expected rate of return.

Determine what type of an account would have the most favorable tax treatment.

In the final few paragraphs determine if you would benefit from doing this saving within a tax favored account such as an IRA, Roth IRA, 401(k), or would you open a taxable account. Discuss how much you would be saving each year for this goal, and how you would get the money out of the account when needed. Are there any tax penalties for an early withdrawal? Could you qualify for an exception to these penalties based upon what you are planning to use this money for?