Question

Which would be a good idea ? Anyone ?


Robert and Ellie are new homeowners who have recently welcomed their first child. Both have stable employment with a decent income. They would like to invest the money they received from the baby shower for their child’s education. Their hope is that the investment will increase in value while also providing a little extra income regularly. Which is the best investment choice for Robert and Ellie?

checking account

common stock

preferred stock

savings account

Answer 1

I think a savings account ?

Answer 2

Savings Account, I believe.

Answer 3

A checking account would be something you used on things you need to buy. Stock are things you invest in and you either lose money or gain money

Answer 4

Ya im pretty sure its savings account

Answer 5

stocks are unreliable, but savings can stay at the rate in which you choose and has more potential to receive steady gains over time

Answer 6

However, if u know the right stocks to invest in, stocks are kind of like get rich quick schemes, if that makes sense

Answer 7

So im pretty sure were clear here, Its definitely savings

Answer 8

But if they wanted to pull money out it would cost them with a savings account. A checking account wouldn't I presume .

Answer 9

thats true, but a checking account seems inconsistent as those are typically used to pay an assortment of bills and pay for daily items so in essence, it would be better/more worthwhile to have a savings account

Answer 10

Wow you guy's are amazing I wish I can give all of you guy's medals :D thanks for your time and help ! :D

Answer 11

thanks for asking the question :D

Answer 12

So it's savings account ?

Answer 13

most rationally, it really depends on how much risk you like to take. Savings accounts have low risk factors

Answer 14

i chose savings account and it was the wrong answer.