Problem
You've inherited $5000 from a distant relative with the stipulation that it must be invested. Compare three investment options (from list below). How will you invest this money? Identify the decision-making model you used and the factors that affected your decision. Explain how your decision will affect your future well-being.
a) Tax-free Savings Account
b) Term Deposits
c) Guaranteed Investment Certificates (GICs)
d) Registered Education Savings Plan (RESP)
e) Bonds
f) Mutual Funds
g) Registered Retirement Savings Plan (RRSP)
h) Stocks
i) Real Estate
Use a graphic organizer or mind map to compare your findings.