ADL- Collaboration and Solutions for Financial Literacy

Data and Solutions

Created using Excel

Calculations

For the good stocks, I multiplied the amount of money I have by 1.075 and added 10,000 to the amount each year. For bad stocks I did the same thing, but instead of multiplying it by 1.075 I multiplied it by 0.931.

Justification

My strategy is sort of risky because if the stocks are good all 3 years, then you reach 120k and have thousands extra, but if they’re bad all three years then you’re down by quite a bit. The chances of having stocks be bad all 3 years though is unlikely, but there’s still the chance of one or two years being bad. I believe this fits well with the test I took as it is moderate risk.

Collaboration and Contributions

I’m fairly bad at working with groups and I suppose it was kind of the same this time. I did some calculations and they did as well, though we seemed a bit separated. I did not use any other solutions provided by my group due to the fact that I was not there on the day that we were to come up with other solutions. I’d rate my ability to collaborate with my group a 3 out of 4 because I did not run into any problems, though it was not the best ever.

Core Competency Reflection

In discussions and conversations, I help to build and extend understanding by… Questioning ideas when I hear something that I believe could use improvement, or if I’m trying to get a better understanding of something I have different thoughts on. For example, if I hear about a high risk idea in our plans, I throw in some lower risk idea suggestions to the group to see if it’s preferred.

When I need to work collaboratively with people I don’t know well, I… Try and ask for their opinion on whatever we’re doing. I also like to ask if they have some ideas they’d like to add to get conversation started and to be focused on what we’re doing.

Others find my feedback useful because I… Try to use my words wisely to let them know that what I am saying is helpful to us as a group. I also make sure that I don’t stray too far from their original ideas so that everyone’s ideas are still included and it’s not all just the work of a single person.

I show that I value feedback from others in my group by… Letting them know that I found it useful, and not just tossing it to the side. I always find something helpful in every piece of feedback and make sure that my group members know that.