11 Different Types of Investments PDF

11 DIFFERENT TYPES OF INVESTMENTS PRESENTATION OF GROUP 1 AGUIRRE ANOCHE GLARAGA BANAGAN ARBUES PELIGRO ROBION DE LOS REYES, RYZA HACHASO MADIA ESPIRITU VILLAR PASIGAS Stocks Bonds Mutual Funds Real Estate Commodities Cryptocurrencies Savings accounts Certificate of Deposits...

11 DIFFERENT TYPES OF INVESTMENTS PRESENTATION OF GROUP 1 AGUIRRE ANOCHE GLARAGA BANAGAN ARBUES PELIGRO ROBION DE LOS REYES, RYZA HACHASO MADIA ESPIRITU VILLAR PASIGAS Stocks Bonds Mutual Funds Real Estate Commodities Cryptocurrencies Savings accounts Certificate of Deposits Derivative Contracts (Future & Option) Peer to Peer Lending Insurance  STOCKS Stocks represent ownership in a company. When you buy a stock, you own a small part of that company, which gives you a claim on its assets and earnings. Stocks are traded on stock exchanges, such as the New York Stock Exchange (NYSE) or NASDAQ, where buyers and sellers come together.  TWO MAIN TYPES OF STOCKS: COMMON STOCKS PREFERRED STOCKS These stockholders typically do Holders of common stocks have not have voting rights but have voting rights in the company a higher claim on assets and and may receive dividends (a earnings, often receiving portion of the company’s dividends before common profits). stockholders. DIFFERENCE BETWEEN COMMON AND PREFERRED STOCKS  1. LEARN THE BASICS Understand what stocks are: As discussed, stocks represent ownership in a company. Know the risks: Stock prices can go up or down based on market conditions, company performance, or economic factors. It's possible to lose money. 2. SET YOUR FINANCIAL GOALS Define your objectives: Are you investing for retirement, short-term gains, or long-term growth? Assess risk tolerance: Determine how much risk you can handle based on your financial situation and goals. Higher risk can mean higher rewards but also greater potential losses.  3. CHOOSE THE RIGHT BROKERAGE ACCOUNT Open an account: You’ll need a brokerage account to buy and sell stocks. There are two types: Full-service brokers: Offer personalized advice but may charge higher fees (e.g., Merrill Lynch). Online brokers: Lower fees and easy to use (e.g., Robinhood, E*TRADE, TD Ameritrade).  ACCOUNT TYPES: Standard brokerage account: For general stock investing. Retirement accounts: Such as Individual Retirement Account (IRAs), which offer tax advantages for long-term investments.  4. RESEARCH AND CHOOSE STOCKS Study companies: Look at financial health, market trends, industry performance, and company leadership. Use tools: Most brokerages provide research tools, stock analysis, and company data to help make decisions. Diversify: Avoid putting all your money into one stock. Spread your investments across different companies, industries, or even countries to manage risk. 5. DECIDE HOW MUCH TO INVEST Start small: Especially if you’re new, invest small amounts at first. Don’t invest money you can’t afford to lose. Use dollar-cost averaging: This strategy involves investing a fixed amount of money regularly (e.g., monthly), regardless of stock price. It helps reduce the impact of market volatility.  6. PLACE YOUR ORDER TYPES OF STOCK ORDERS: Market order: Buys or sells stock immediately at the current market price. Limit order: Sets a price limit at which you’re willing to buy or sell. Stop-loss order: Automatically sells stock when it reaches a certain price to limit losses. Most online brokerages offer user-friendly platforms for placing orders. 7. MONITOR YOUR INVESTMENTS Track performance: Keep an eye on the companies and the overall market. Adjust your portfolio as needed, but avoid reacting emotionally to short- term price swings. Reinvest dividends: If a company pays dividends, you can reinvest those to buy more shares. 8. CONSIDER A LONG-TERM STRATEGY Stay patient: Investing in stocks often works best with a long-term perspective. Short-term trading can be risky and unpredictable. Rebalance periodically: Make sure your investments are still aligned with your financial goals, and adjust if needed. BONDS Bonds are debt securities that represent a loan from an investor to a borrower, typically a company or government.  HOW TO INVEST IN BONDS? The most common way to buy bonds is either through a broker, mutual fund, exchange traded fund, or directly from a government. You can buy bonds through a broker, just like you can buy stocks and other investments. The bonds you buy are typically sold by investors. HOW MUCH IS THE MINIMUM PRICE/AMOUNT TO INVEST IN BONDS? RTBs are affordable investments with a minimum placement amount of PHP5,000. Frequent Interest Payments. RTBs pay interest quarterly. Relatively Higher Yield. IS BONDS A GOOD INVESTMENT? Bonds are a great way to earn income because they tend to be relatively safe investments. HOW EXACTLY DOES A BOND WORK? By buying a bond, you're giving the issuer a loan, and they agree to pay you back the face value of the loan on a specific date, and to pay you periodic interest payments along the way, usually twice a year. Unlike stocks, bonds issued by companies give you no ownership rights.  HERE ARE FIVE BANKS IN THE PHILIPPINES WHERE YOU CAN INVEST IN BONDS: 1. BDO Unibank, Inc. 2. Bank of the Philippine Islands (BPI) 3. Metrobank (Metropolitan Bank & Trust Company) 4. Land Bank of the Philippines 5. Philippine National Bank (PNB) MUTUAL FUNDS Mutual funds are investment vehicles that pool money from multiple investors to purchase a diversified portfolio of securities, such as stocks, bonds, or other assets. MUTUAL FUND CYCLE 1. CHOOSE BETWEEN SIP OR LUMP SUM SIP (Systematic Investment Plan) - Invest REGULARLY in SMALLER AMOUNT. ₱500 to ₱1,000 Lump Sum - Invest LARGE SUM ALL at ONCE. 1,000 to ₱5,000. 2. SELECT THE RIGHT MUTUAL FUND RESEARCH FUNDS BASED ON PERFORMANCE, EXPENSE RATIO, AND RISK LEVEL. Use online tools or financial websites to compare different funds. Consider diversification across equity, debt, or hybrid funds based on your objective. 3. OPEN AN INVESTMENT ACCOUNT AMC( Asset Management Company) - Direct investment. EXAMPLES: Online Brokerage platform - A broader choice of fund. Robo-advisors or financial advisors - Automated or managed options. 4. COMPLETE KYC (KNOW YOUR CUSTOMER) Submit documents like ID proof, address proof, and PAN(Permanent Account Number). Complete in-person or online verification. 5. MAKE YOUR FIRST INVESTMENT CHOOSE THE FUND AND THE AMOUNT. If investing via SIP, set up a regular payment schedule. For lump-sum, ensure sufficient funds in your bank account.  REAL ESTATE Real estate investments involve the purchase of properties, such as homes, apartments, commercial buildings, or land.  HOW TO INVEST IN REAL ESTATE 1. Assess Your Financial Situation Credit Score: Ensure your credit score is strong, as it will affect your ability to secure financing and the interest rates you receive. Savings: Determine how much capital you have available for a down payment, closing costs, and reserves for maintenance or unexpected expenses. Debt-to-Income Ratio: Lenders will assess your ability to manage monthly payments and repay debts. 2. Choose the Right Investment Type RESIDENTIAL PROPERTIES - SINGLE-FAMILY HOMES, CONDOS, TOWNHOUSES, AND MULTI-FAMILY UNITS. Commercial Properties - Office buildings, retail spaces, warehouses, and industrial properties. Specialty Properties - Vacation rentals, student housing, or senior living facilities. RESEDENTIAL PROPERTIES SINGLE-FAMILY HOME CONDOMINIUM TOWNHOUSE COMMERCIAL PROPERTIES OFFICE BUILDING INDUSTRIAL WAREHOUSE HOTELS AND MOTELS SPECIALTY PROPERTIES MEDICAL OFFICE SELF STORAGE HOTELS AND BUILDING FACILITY RESORTS  3. Secure Financing MORTGAGE PRE-APPROVAL: GET PRE-APPROVED FOR A MORTGAGE TO UNDERSTAND HOW MUCH YOU CAN BORROW. LOAN TYPES: EXPLORE DIFFERENT FINANCING OPTIONS SUCH AS CONVENTIONAL LOANS, FHA LOANS, VA LOANS, OR HARD MONEY LOANS. DOWN PAYMENT: TYPICALLY RANGES FROM 3% TO 20% OF THE PROPERTY’S PURCHASE PRICE, DEPENDING ON THE LOAN TYPE AND LENDER REQUIREMENTS. 4. Build a Reliable Team REAL ESTATE AGENT LENDER INSPECTOR PROPERTY MANAGER  5. Find and Analyze Potential Properties Location: Look for areas with strong economic growth, low crime rates, good schools, and access to amenities. Property Condition: Assess whether the property needs renovations or is move-in ready. Cash Flow Analysis: Calculate potential rental income, expenses, and net profit to ensure the investment is financially viable. 6. Make an Offer and Negotiate COMPETITIVE PRICING: BASE YOUR OFFER ON COMPARABLE PROPERTIES IN THE AREA AND THE CONDITION OF THE PROPERTY. CONTINGENCIES: INCLUDE CONTINGENCIES SUCH AS FINANCING, INSPECTION, AND APPRAISAL TO PROTECT YOUR INTERESTS. NEGOTIATION: BE PREPARED TO NEGOTIATE TERMS AND PRICE WITH THE SELLER TO REACH A MUTUALLY AGREEABLE DEAL. 7. Conduct Due Diligence INSPECTIONS: HIRE PROFESSIONALS TO INSPECT THE PROPERTY FOR STRUCTURAL ISSUES, PESTS, OR OTHER POTENTIAL PROBLEMS. TITLE SEARCH: ENSURE THERE ARE NO LIENS OR LEGAL ISSUES ASSOCIATED WITH THE PROPERTY. APPRAISAL: CONFIRM THAT THE PROPERTY’S VALUE ALIGNS WITH THE PURCHASE PRICE AND FINANCING TERMS. 8. Close the Deal Finalizing Financing: Secure your mortgage and finalize all financial arrangements. Legal Documentation: Sign all necessary legal documents, including the deed and loan agreements. Transfer of Ownership: Complete the transfer of property ownership and take possession.  9. Manage and Maintain the Property Property Management: Whether self-managed or through a property manager, ensure the property is well- maintained and tenants are satisfied. Regular Maintenance: Schedule regular maintenance to preserve property value and prevent major issues. Financial Management: Keep accurate records of income, expenses, and taxes related to the property.  COMMODITIES A basic good used in commerce that is interchangeable with other goods of the same type.  TYPES OF COMMODITIES HARD COMMODITIES SOFT COMMODITIES Soft commodities refer to Hard commodities are natural agricultural products and resources that are extracted or livestock that are grown or mined from the earth. raised rather than mined. WHY IS IT GOOD TO INVEST IN COMMODITIES? Commodities can help investors diversify their portfolio and hedge against inflation. Investors have access to a number of different types of assets that they can put their funds into to try to generate a profit or minimize losses. Investments don't have to be limited to traditional stocks and bonds. CRYPTOCURRENCY A digital or virtual currency secured by cryptography and based on a network that is distributed across a large number of computers.  TYPES OF CRYPTOCURRENCY As of May 2024: Bitcoin Ethereum Tether BNB Solana USDC (US Dollar Coin) XRP Dogecoin Toncoin Cardano  HOW TO INVEST IN CRYPTO CURRENCY STEP 1: CHOOSE WHAT CRYPTOCURRENCY TO INVEST IN STEP 2: CHOOSE A REPUTABLE CRYPTOCURRENCY EXCHANGE STEP 3: EXPLORE STORAGE AND DIGITAL WALLET OPTIONS STEP 4: DECIDE HOW MUCH TO INVEST STEP 5: STAY INFORMED AND MANAGE YOUR INVESTMENTS WISELY SAVINGS ACCOUNT A savings account is a secure financial product offered by banks and credit unions that enables individuals to earn interest on their deposits while maintaining liquidity for easy access to funds.  HOW TO OPEN SAVINGS ACCOUNT? (ONLINE) STEP 1: CHOOSE AN ACCOUNT AND FILL OUT THE FORMS. STEP 2: PREPARE YOUR REQUIREMENTS: VALID ID WITH YOUR PHOTO AND SIGNATURE YOUR SELFIE HOLDING A VALID ID WITH PHOTO AND SIGNATURE PHOTO OF 3 SIGNATURES STEP 3: MEET A BDO REPRESENTATIVE VIA ZOOM VIDEO CALL FOR ACCOUNT OPENING EVALUATION. STEP 4: FUND YOUR ACCOUNT WITHIN 7 DAYS OF APPROVAL TO AVOID ACCOUNT CLOSURE. FUNDING OPTIONS: CARDLESS DEPOSIT AT ANY BDO CASH DEPOSIT MACHINE DEPOSIT AT ANY BDO BRANCH. FOR APPLICATIONS OUTSIDE OF THE PHILIPPINES, REMIT VIA BDO REMIT OFFICES OR REMITTANCE PARTNERS. SEND MONEY ONLINE.  HOW TO OPEN SAVINGS ACCOUNT? (BRANCH) STEP 1: FILL OUT AND PRINT THE ACCOUNT OPENING FORMS. STEP 2: PREPARE THE MINIMUM INITIAL DEPOSIT AND VALID ID. STEP 3: VISIT THE NEAREST BDO BRANCH. CERTIFICATES OF DEPOSIT A certificate of deposit (CD) is a savings account that holds a fixed amount of money for a fixed period of time, such as six months, one year, or five years, and in exchange, the issuing bank pays interest. When you cash in or redeem your CD, you receive the money you originally invested plus any interest.  WHO ISSUES A CERTIFICATE OF DEPOSIT? CDs are issued by banks, credit unions, and some financial entities. TYPES OF CERTIFICATE OF DEPOSITS (CDS) 1. Traditional CD 2. Bump-Up CD 3. Step-Up CD 4. Brokered CD 5. Liquid or “No penalty” CD  HOW TO INVEST IN CERTIFICATE OF DEPOSITS (CDS) STEP 1: CHOOSE A BANK OR FINANCIAL INSTITUTIONS STEP 2: COMPLETE THE APPLICATION STEP 3: PROVIDE THE INITIAL DEPOSIT  HOW MUCH IS THE MINIMUM PRICE OF CDS? Most common CDs the minimum price is $1,000 HOW CDS WORK? A CD is a time deposit account, so you're making a commitment to keep your money in the CD for a set length of time. If you want to take money out of your CD before it matures, you'll pay an early withdrawal penalty. At many banks, the early withdrawal penalty is based on the amount of interest you earn in a day. BANKS IN THE PHILIPPINES THAT OFFER CERTIFICATES OF DEPOSIT (CDS): 1. BDO Unibank (Banco de Oro) 2. Bank of the Philippine Islands (BPI) 3. Metrobank 4. Security Bank 5. Land Bank of the Philippines 6. Philippine National Bank (PNB) 7. RCBC (Rizal Commercial Banking Corporation) 8. China Bank 9. UnionBank of the Philippines  DERIVATIVES MARKET A financial marketplace where financial instruments, such as options and futures are traded. There are four participants in Derivatives markets - Hedgers, Speculators, Arbitrageurs, and Margin Traders.  TYPES OF DERIVATIVE EXCHANGE TRADED OVER THE COUNTER DERIVATIVE DERIVATIVES (OTC) Include contracts that Are private agreements are managed and between investors but regulated by the not traded on exchanges. markets. WHAT ARE FUTURES? Futures are contracts that must be settled (paid for) upon entering. If you enter a futures contract, you are obligated to buy or sell the underlying asset at a pre-specified price on or prior to a certain date.  TYPES OF FUTURES Financial futures: Stock futures, Currency futures, Index futures, Interest rate futures, and others. Physical futures: Commodity futures, Energy Futures, Metal Futures, and others.  WHAT IS OPTIONS? An options contract is the right, but not the obligation, for its buyer to buy or sell the underlying asset at a given price on or before a fixed date. Options are a good way to trade in stocks without owning them. If the option buyer does not want to buy or sell the underlying asset, they can decide not to do so.  TYPES OF OPTIONS Call Options: A Call option gives the buyer/ holder the right but not the obligation to buy a specified quantity of an underlying asset. Put options: A Put option gives buyer/ holder the right but not the obligation to sell specified quantity of an underlying asset  WHO ISSUE A DERIVATIVES? banks, asset managers, corporations and governments  HOW TO INVEST IN DERIVATIVE CONTRACTS? STEP 1: LEARN THE BASICS AND CHOOSE THE RIGHT DERIVATIVE STEP 2: OPEN AND FUND YOUR BROKERAGE ACCOUNT STEP 3: EXECUTE, MONITOR, AND EXIT YOUR TRADES  HOW MUCH IS THE MINIMUM CONTRACT VALUE IN DERIVATIVE? In a consultation paper released on Tuesday, July 30, the Securities and Exchange Board of India (Sebi) proposed tighter derivatives trading rules to boost market stability and protect small investors. SEBI said at least 300,000 is the minimum amount to invest.  HOW DERIVATIVE CONTRACTS WORK? TRADING RISING AND FALLING MARKETS With derivatives, you can trade both rising and falling markets, meaning you can profit (or make a loss) even in a depressed or volatile economic environment. You'd go 'long' if you think the price of an underlying asset will rise; and 'short' if you think it's going to fall.  MARKETS IN THE PHILIPPINE OFFERING DERIVATIVES: 1. Philippine Dealing and Exchange Corporation (PDEx) 2. Philippine Stock Exchange (PSE) 3. Banks and Financial Institutions 4. Bangko Sentral ng Pilipinas (BSP)  PEER-TO-PEER (P2P) LENDING Peer-to-peer lending is a form of direct lending of money to individuals or businesses without an official financial institution participating as an intermediary in the deal. P2P lending is generally done through online platforms that match lenders with the potential borrowers. TYPES OF PEER TO PEER LENDING 1. Unsecured peer-to-peer lending 2. Secured peer-to-peer lending 3. Crowdfunding 4. Peer-to-peer lending platforms  HOW TO INVEST IN PEER TO PEER LENDING? STEP 1: RESEARCH AND SELECT A PLATFORM STEP 2: INVEST AND DIVERSIFY STEP 3: MONITOR AND WITHDRAW RETURNS HOW MUCH IS THE MINIMUM PRICE/AMOUNT IN PEER TO PEER LENDING? At least 33,500 IS PEER-TO-PEER A GOOD INVESTMENT? Peer-to-peer lending carries risk and this includes early or late repayment of funds that individuals or firms borrow from you. You may not get as big a return as expected if the debt is paid back early, while there could be a delay in receiving what you're owed if repayment is late. HOW PEER TO PEER LENDING WORKS? Peer-to-peer (P2P) lending allows individuals to lend money to or borrow money from other individuals without going through a bank.  PEER TO PEER LENDING PLATFORMS IN THE PHILIPPINES Six local P2P plaforms Loansolutions, Acudeen, FundKo, Good Kredit, Uploan, and MoneyMatch.  INSURANCE "A contract (policy) in which an individual or entity receives financial protection or reimbursement against losses from an insurance company" TYPES OF INSURANCE POLICIES 1. Life Insurance Policy 2. Health Insurance Policy 3. Non-life Insurance Policy  LIFE INSURANCE POLICY It is insurance on your life. You buy life insurance to ensure that your loved ones are financially secured even when you are not around.  HEALTH INSURANCE POLICY Health insurance covers your medical costs for expensive treatments. You can avail Two Types of health insurance policies: Mediclaim Insurance Critical Health Insurance  NON-LIFE INSURANCE POLICY These compensate for the losses sustained arising from a specific financial event that is not related to life. Non-life insurance could be car insurance, home insurance, etc. THREE KEY STEPS ON HOW TO INVEST IN INSURANCE: STEP 1: ASSESS YOUR NEEDS STEP 2: RESEARCH AND COMPARE POLICIES STEP 3: CONSULT WITH A PROFESSIONAL AND PURCHASE  WHAT IS THE RIGHT AMOUNT OF INSURANCE? A common rule of thumb is at least 6% of your gross income plus 1% for each dependent. A stay-at-home parent should get enough life insurance to cover the costs incurred by the family if anything should happen to them. WHAT DOES INSURANCE WORK FOR? Insurance helps to protect you and your family against unexpected financial costs and resulting debts or the risk of losing your assets SOME OF THE INSURANCE IN THE PHILIPPINES:  REFERENCES U.S. Securities and Exchange Commission. (n.d.). *Certificates of deposit (CDs)*. Investor.gov. https://www.investor.gov/introduction-investing/investing-basics/investment-products/certificates-deposit-cds? fbclid=IwZXh0bgNhZW0CMTEAAR0aguXlDiQK70tzQM1zvFxX42CRLNN06L4Es4o37vwtQfhW1S9tb_v8Q8U_aem_UhMTc C9VO4Vz7551-dAruw Experian. (n.d.). *Pros and cons of CDs*. Experian. https://www.experian.com/blogs/ask-experian/pros-cons-cds/? fbclid=IwZXh0bgNhZW0CMTEAAR3pBcN3dX3knoo4oC6c9uBcr3WnvFMEFI0- 2SBfTGRZ2eASWx8EAeSKBQ4_aem_D9Lu4SBG0jrI7EZgq8ZEng Bajaj Finserv. (n.d.). *Futures and options*. Bajaj Finserv. https://www.bajajfinserv.in/futures-and-options? fbclid=IwZXh0bgNhZW0CMTEAAR12tu-g1E0YuT5QEd- smFVL7k2qzyIcN41NoxZZTEEXaEvbkc_udua8bs0_aem_xoqkvU3Oy5aHLA6 Corporate Finance Institute. (n.d.). *Peer-to-peer lending*. Corporate Finance Institute. https://corporatefinanceinstitute.com/resources/wealth-management/peer-to-peer-lending/? fbclid=IwZXh0bgNhZW0CMTEAAR3hF0CGtLkdJhlKOjtngknw0M-4sQER_L-3C- P3AH6IQY59J39u47MgJIs_aem_QJX9z7_MTfnXMGPrr1lWKw  REFERENCES Lipa City Colleges. (n.d.). *Business finance 12 Q2 mod1: Type of investments v5*. Studocu. https://www.studocu.com/ph/document/lipa-city-colleges/education-secondary/business-finance-12-q2- mod1-type-of-investments-v5/21363155?fbclid=IwZXh0bgNhZW0CMTEAAR1Dk8WBf9SAQdnQdNmjo5ZW- Bl9Z9tOmOY1iE5zVZpK0GKO_WVFC8J5uro_aem_umYwzhDnm9I90lloAnB0bg Canara HSBC Life Insurance. (n.d.). *What is insurance?* Canara HSBC Life Insurance. https://www.canarahsbclife.com/blog/life-insurance/what-is-insurance? fbclid=IwZXh0bgNhZW0CMTEAAR1Vha_Czw2mBFt5CqSvIpxUkovYABeCmpAYzHSCQO1F5G5XHdzoM- 7UsKc_aem_kUUdzobUhqG_GIlO1oob7g Investopedia. (n.d.). *Commodity*. Investopedia. https://www.investopedia.com/terms/c/commodity.asp Investopedia. (n.d.). *Cryptocurrency*. Investopedia. https://www.investopedia.com/terms/c/cryptocurrency.asp  REFERENCES eFinanceManagement. (n.d.). *Derivatives market*. eFinanceManagement. https://efinancemanagement.com/derivatives/derivatives-market? fbclid=IwZXh0bgNhZW0CMTEAAR3NIxzzUCO0MIN1VXOqfq_BAWI6bzqXH3d3bERov3WhpJekO gDbJI6jsJ0_aem_EGxypMRRZxxHQK0xnvvz7Q OpenAI. (2024). *ChatGPT* (Version 4). https://www.openai.com/chatgpt Stash. (n.d.). How to invest in cryptocurrency. Stash. Retrieved October 2, 2024, from https://www.stash.com/learn/how-to-invest-in-cryptocurrency/ BDO. (n.d.). Peso savings account. BDO. Retrieved October 2, 2024, from https://www.bdo.com.ph/personal/accounts/savings/peso-savings/atm-savings  REFERENCES Wall Street Mojo. (n.d.). Certificate of deposit (CD). Wall Street Mojo. Retrieved October 2, 2024, from https://www.wallstreetmojo.com/certificate-of-deposit-cd/?fbclid=IwZXh0bgNhZW0CMTEAAR0rQY- ohViZuyG39do5Vk50zCvA4g2JMvJREIq3gHP24fdq7v4cx5LX7jA_aem_9Vfoedi7DX4xeIWlpZtCKQ Finance Strategists. (n.d.). How to invest in CDs. Finance Strategists. Retrieved October 2, 2024, from https://www.financestrategists.com/banking/certificate-of-deposit-cd/how-to-invest-in-cds/? fbclid=IwZXh0bgNhZW0CMTEAAR0QDOcUDvDlZsQm4FwmmNCd8HTEFW4qrncOGfcyevDcC9tb9Q1 K07Oo_sg_aem_2X5F4evcMDT9-2h9j6mTaQ Annuity.org. (n.d.). Typical minimum balance for a certificate of deposit. Annuity.org. Retrieved October 2, 2024, from https://www.annuity.org/personal-finance/banking/certificate-of-deposit/typical- minimum-balance/ Investopedia. (n.d.). Certificate of deposit (CD). Investopedia. Retrieved October 2, 2024, from https://www.investopedia.com/terms/c/certificateofdeposit.asp  REFERENCES Bankrate. (n.d.). How do CDs work? Bankrate. Retrieved October 2, 2024, from https://www.bankrate.com/banking/cds/how-do-cds-work/? fbclid=IwZXh0bgNhZW0CMTEAAR0h149NXGCZ5utZlKVmMv-OlioxFiSKKyDJh_-LsjQ1YVKdAr3i8daZm- Q_aem_HQWQB6Ft4stuKNWQJ-nEOg#cd-basics OpenAI. (n.d.). Account login and billing. OpenAI Help Center. Retrieved October 2, 2024, from https://help.openai.com/en/collections/3943089-account-login-and-billing? fbclid=IwZXh0bgNhZW0CMTEAAR2jBKQ5s2a3ZNO0KbYKo59-T8otshdU3IP9hXz8OPBa- 3VMV4tjkOZ8CfY_aem_hSnyf-XWGmzpr8suxIS8yw Investopedia. (n.d.). Peer-to-peer lending. Retrieved October 3, 2024, from https://www.investopedia.com/terms/p/peer-to-peer-lending.asp India P2P. (n.d.). Peer-to-peer lending in India. Retrieved October 3, 2024, from https://www.indiap2p.com/?fbclid=IwZXh0bgNhZW0CMTEAAR3i_22Gq6p9tz3uq- Yy8wTl5ccMyzFcyJsfHRE5f8EJuvI71u7wMW9Z4qs_aem_6KS1WbgCuJvlLf8LfPtGPg  REFERENCES MoneySuperMarket. (n.d.). Peer-to-peer lending. Retrieved October 3, 2024, from https://www.moneysupermarket.com/investments/peer-to-peer-lending/? fbclid=IwZXh0bgNhZW0CMTEAAR2jJUY16__2ItIPEYv92JZ_qwQPAFRb8rFGDUm3NujBgjk4dFcFUJkQB 0I_aem_B5P-84wzt9QqW_e3f4_g5w Investopedia. (n.d.). Peer-to-peer lending. Retrieved October 3, 2024, from https://www.investopedia.com/terms/p/peer-to-peer-lending.asp Fintech News. (2023, October 3). P2P lending in the Philippines rising. Retrieved October 3, 2024, from https://fintechnews.sg/19702/lending/p2p-lending-in-philippines-rising/? fbclid=IwZXh0bgNhZW0CMTEAAR0OpVDXpWPS1nv8ABM8Am2CXK4rUIXGlgaAXDl6JJ4k7pJIOiOtoc7 IMhI_aem_AbwgHv0aIAs5txUJMwzx4w South Carolina Department of Insurance. (n.d.). Understanding your insurance policy. Retrieved October 3, 2024, from https://doi.sc.gov/957/Understanding-Your-Insurance-Policy? fbclid=IwZXh0bgNhZW0CMTEAAR327RAk3D0Tp7IkR24MptVd5eH98E12uUGwLxVUrwHCHzAzhhHdog 8-x3s_aem_6TLQ7w38SwZbmbZD6nUWAQ  REFERENCES U.S. News & World Report. (n.d.). Insurance stocks to buy for income. Retrieved October 3, 2024, from https://money.usnews.com/investing/articles/insurance-stocks-to-buy-for-income Guardian Life. (n.d.). How much life insurance do you need? Retrieved October 3, 2024, from https://www.guardianlife.com/life-insurance/how-much-life-insurance-do-you-need? fbclid=IwZXh0bgNhZW0CMTEAAR1Phtl09MzaHWC2QD677NB2AjY7gq5w62NCc3At_mvMTbfeneAUNg XUzkc_aem_uUD4iK4qhAS_NForZ-pDyQ Investopedia. (n.d.). Insurance. Retrieved October 3, 2024, from https://www.investopedia.com/terms/i/insurance.asp THANK YOU!!