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Three ways to save money for the future/ HW?


HI, im doing a hw assigment for my business class. My teacher wants 3 diff. ways to save money for the future. He wants advantages and disadvantages of each one, but he doesnt want anything to do with putting money in a savings account... i already have money market funds, but i need 2 more. pLEASE HELP!!

Wow, this assignment is hard. Hopefully I'll be able to help you somewhat. Good luck!

-real estate : you buy, fix up and then sell properties and houses or you purchase them when it's a "buyer's marker" (houses are cheap and there are a lot of them) and sell them when it's a "seller's market" (houses are more expensive). You can make a huge turn around with it but it's always hard to be sure.

-Savings Bonds : you buy one for $100 or how ever much you want it for and then, in 20 years or so, it turns into $200. They're nice but you have to wait years for them to turn over.

-Stocks : The plus side is that their value may go up but the down side is that they go down. You could make a lot, lose a lot, or break even with stocks.

I hope you can use one of these options.

401k where money is deducted from your paycheck automatically. The advantage is that it's a pretax deduction. The disadvantage is that you can't use it without paying penalties until you reach retirement age.

Roth IRA, IRA's, Stocks, Bonds, Real Estate, 401k

Go here it has some ideas not sure if its really what your looking for though

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