Use this link to project the growth of your savings or Investment based on expected interest or rate of return.
https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php
For a reminder of how compound interest (compounding) works, Re -watch the Brainpop Video on Interest.
https://www.brainpop.com/socialstudies/economics/interest/
The Dow Jones Industrial Average Index is just a fancy way of saying "a list".
The Dow 30 is a list of companies - (30 of the largest in the United States) - that represent the prices of shares you can purchase to become part owners of the company.
Click the Link below and see if you recognize any of these companies?
The Nasdaq 100 is another list. Can you guess how many companies are on it?
While the DOW represents companies that do everything in our economy, the NASDAQ is more focused on TECHNOLOGY.
Click the Link below and see if you recognize any of these companies?
If you click the Stock SYMBOL for any of the companies you will link to MORE INFORMATION which includes graphs that can look back over time. This might help you to decide if now is a good time to invest?
A stock price will move based on SUPPLY and DEMAND, something we learn in this class. This is a picture of Apple's stock price earlier this year. (YTD = Year to date)
Based on what you can see - when was it a good time to buy Apple Stock?
Can you estimate, looking at the graph, how much you would have paid for a share?
Were there more sellers or buyers on the day this pic was taken?
If you are interested in investing some of your XP$ - Login to your Google Classroom and follow the directions for Moby's Investor Challenge.
The search tool will help you find companies that aren't on the DOW or NASDAQ List. You can use this feature to find almost any company you want to invest in.