Data and Solutions;

GIC- 4.2% non-redeemable GIC, Annual return per year, when trying multiple strategies to find the down payment, like alternating to 4.2% 3 year non-redeemable or 3.5% non-redeemable.

(SCENARIO – 1) Alternation with Stocks investment and 1-year annual non-redeemable GIC

FIRST EVER YEAR (PRESENT); (80,000) – SAVINGS; (0) – Stocks 1.075 * Non-redeemable GIC 1.035

YEAR-1; $82,800 = 80,000 * 1.035 GIC – Savings Earned – 10,000

YEAR-2; $89,010 = 82,800 * 1.075 Stocks – Savings Earned – 20,000

YEAR-3; $92,125.35 = 82,800 * 1.035 GIC – Savings Earned – 30,0000

END OF YEAR- (Total up); $122,125.35 = $92,125.35 GIC and Stocks + $30,000 Savings Earned. pop

(Justification)

I chose this solution because the good side of it, shows you have over $120,000 in your down payment, the benefits of using stocks could have a nice side at times, sometimes stocks could have a higher percentage of you losing your money, so stocks would usually be risky to use, but when you work hard and the stock would sometimes go along with good luck, so sometimes the stocks could also work well but either way, stocks is still risky you either gain or loss, but right now I’m just showing the good side of stocks, but the bad side would result me to having money less than $120,000 in my down payment, so I used the good solution instead of bad. GIC are almost great source It basically represents that keeping money in GIC would be safe cause it’s quite similar to a bank because you can keep your money and get daily profit out of it, but the only advantage, would be you won’t be able to touch your money for a long term, and the GIC Annual non-redeemable has a pretty low percentage, so if you add it up with stocks but a bad year, you won’t have enough to money for your down payment for the next 3 years. I chose this since I have average risk a half and half, and I think this would suit me best because of my risk and what I think is best to do.

(Collaborations and Contribution)

I found working with my group great, it’s not the best nor the worst, but it’s just right and we helped out each other with what we’re struggling with and shared solutions, about this project.

I did contribute only for a little bit, since I found it easy for others to share their solution and try to compare my own answers to their answer, and if not correct I ask how they solve this.

I used the solution my group did, but I just decided to Alternate between different solutions, I decided alternate with Plan-A and Stock investment.

I think I would rank my collaboration in rank 2, because even though I may look like I contributed, all I mostly did was just ask questions and try to solve and compare.

(Core Competency Reflection)

Examples of where I communicate clearly and purposefully can be seen in, groups where I’m able to work with and well, and not wander off on any topic, I mostly sometimes communicate clearly when I’m in a group where we get to share each other’s solution and try to communicate about how our strategies could work well with any real-life relation.

As an active listener, I notice that, sometimes the speaker would have a clear idea of the subject their talking about, which would mean they’re really convinced, and sometimes if they’re not convinced some speakers might hesitate to answer some of the questions I ask or the solution and strategy that was given to us to solve.

I didn’t really choose a different specific solution that was proposed from my group, I just went along with the main solution which was the one that was supposed to be solved properly.

I would rate my group collab around the rating-2 since I didn’t really find anyway to express my solutions in a extending way.