Data and Solutions

Gain year

For this assignment, decided to keep a one-year GIC while having the remaining two years in stocks. During the one-year GIC I gained 92,800, but I’m unable to spend that amount until the very end. That’s why I switched to stock so I’m able to spend a couple more. With the 7.5% on stocks, I am able to gain a lot more to a total of 127,992 in total.  

Lost year

And in the lost year, I still have the one-year GIC which concludes to 92,800 but then we switch to stocks with the losing year and that is a 6.9% loss to a total of 99,745.42. 

End goal

In conclusion, I think being able to take a little bit of risk is good. I tried doing stocks and the GIC, if I lost, I only go down 20,255. If you are a person who’s overly cautious, you shouldn’t use the risk of losing that 6,9%. When gained in stocks the percentage equals 7.5% with a winning rate of 127,992 equalling an extra 7,992.

Collaboration

Personally, I think I worked well with my group. We were able to work together and finish the assignment, but also had some hard times trying to finish the questions. I think we could work on letting everyone help out and cooperate. Overall we worked well with the majority helping out and doing the work.