3 year GIC

Year 1 – 80,000 x 1.042% = 83,360

Year 2- 83,360 x 1.042% = $86,861.12

Year 3- 86861.12 x 1.042% = $90509.28

Stocks

End of Year 1- 10,000

Year 2- 10,00 0 x 1.075 = 10,750

Year 3 (10,750 + 10,000) x 10.75 = $22,306.25

GIC + stocks

=122,815.54

Justification

I decided to put must of it in the GIC because its safer than stocks but I put a bit in the stocks because it’s a little risk I’m willing to take.

GIC strengths– fixed term and interest. you will know exactly when your GIC will expire and how much interest you’ll earn at the end of the term.

weakness- low returns. GICs are safe, but the returns are very low compared to other kinds of investments.

Stocks strengths – help you build your savings, protect your money from inflation and taxes, and maximize income from your investments

weakness- Stock prices are risky and unstable. Prices can be rising and declining quickly.

Collaborations and Contributions

1. How did you find working with your group?

Working with a group was good. I found it easier than if I did it myself because it was able to learn other ways to find solutions.

2. How did you contribute to the group? And how did others in the group contribute to your learning?

I contributed by cooperating and sharing ideas with the group members.

3. Did you use any other the solutions proposed by your group? Why or why not?

yes because we all had different ways to solve the solution.

4. How would you rate your ability to collaborate with others in your group on a scale of 1-4 (1 not good; 4- excellent) 4

Core Competency

3 I can work with others to achieve my goal… when I work with others it helps me achieve my goals because with more people it gets done faster and more ideas are involve.

I can ask and respond to questions to be active, supportive listener… In a group I try and help support others with answering their questions or adding more to what they are saying. my group members do the same for me.

I can give, receive and act on feedback to progress my goals… when given feedback I try my best to use it in my work or in upcoming work. I also try and give feedback to others to help them with there goals.