Friday, July 29, 2005

Mutual Fund

I discussed my new saving plan with a banker during the lunchtime yesterday. Choosing a High Risk Mutual Fund might be a good option to push myself to save up more money for the future. Here was the example:



Pay:
US$500 X 36 Months = US$18,000



The Best Scenario: 15% Increase
US$18,000 X 1.15 = US$20,700



The Bad Scenario: 15% Decrease
US$18,000 X .85 = US$15,300



The Worst Scenario: Total loss
Gain nothing, but a lesson of Greediness.



Well, I am still thinking about it because what if Poly U accepts me as their part time student next week or a surprise...

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