Investing

The Goal & Purpose

Examine the short and long term value of investing in various low to high risk investment instruments. Discussion of inflation and its effect on purchasing power to understand the importance of investing at any income level. Attendees will be helped to set investment goals and understand the importance of time in the process of investing (compound interest).

The Why & Benefit

Markers for financial well-being often revolve around access to funds at low rates. Investing current financial resources allow individuals to prepare for homeownership, college tuition, retirement, etc. In the United States, a large percentage of retired elderly workers live in poverty. For individuals struggling with a lifetime of poverty, this statistic grows larger. Black Americans have particularly lagged in participating in investing which has resulted in a lag in long term financial stability, growth, and resilience. Brownsville residents may easily be among those who can benefit from employment-based retirement accounts (ex. 401k) and low-risk investing (ex. Cds, bonds) once the pros and cons of such investing is explained in detail. This informative workshop can reveal greater opportunities to begin investing for future milestones.

The Practice & Activity

In the 1.5 hour workshop each participant works through creating their own personal investment plan based on their financial goals, risk tolerance, and time horizon. They can outline how much they will allocate to stocks, bonds, and other assets. Participants will also learn about the different Investment accounts and the difference between Stocks, Bonds, Certificate of Deposits and High Yield Savings Account. .