1. Personal Savings and Investment
Element 46

2. JAX/Norfolk
Purpose
Explain common options for investing the money you set aside each month as you build a financial foundation

3. Your options
Savings accounts offered by banks and credit unions: Safe (if insured), convenient, and flexible, but very low interest rates
Certificates of Deposit (CDs): Safe (if insured), slightly higher interest rates, and less flexible
U.S. Savings Bonds: Very safe, very modest interest rates

4. Your options Municipal or Corporate Bonds: Higher returns, higher risk
Mutual Funds: A pooled investment in a collection of stocks and bonds; higher potential returns with more risk
Individual stocks: Significant potential for earnings, via dividends and price appreciation, but even greater risk

5. Potential Return Higher Low Low Risk Higher Individual Stocks
Mutual Funds
Corporate Bonds
US Bonds
CDs
Savings accounts
Low Risk Higher

6. Resources
Financial specialist at the command or the Fleet and Family Support Center

7. Questions?