Methods of Investments Essay Example | Topics and Well Written Essays - 750 words

Methods of Investments - Essay Example Money market accounts are a type of savings account, in which money is invested at a high-interest rate, with high restrictions on its withdrawal.A money market account offers a very high rate of interest on the amount deposited. Furthermore, the interest is compounded daily, and paid monthly, which means that the interest amount keeps on increasing based on the compounded interest. This normally pays off the highest, and it is safe due to the fact that most money market banking systems are insured by Federal Deposit Insurance Corporation.There mostly is a high cap on the minimum amount that may be left in a money market account so most banks might not even accept the $1,000 as a deposit amount. Furthermore, there are restrictions on the number of transactions that can be made per month which limits user control, and there are high transaction fees as well. All these things have to be kept in check when a money market account is made.A passbook savings account is one for which all tr ansactions including deposits, withdrawals, and interest, are recorded in a passbook accessible to the account holder. This is updated by the bank on a routine basis.A passbook savings account allows the account holder to observe his banking trends and extract profitable patterns from the records. Also, this account has a higher degree of transaction freedom than a money market account. Thus it is beneficial to those account holders who have a keen interest in the trends and they do not need a monthly statement.

Reflecting paper Essay Example | Topics and Well Written Essays - 500 words - 1

Reflecting paper - Essay Example The results also mean that I am likely to remember facts and procedures, to be objective and logical, and to be composed. In relation to my learning approach, I understood why I follow a routine in my studies. I did not make any routine. I follow a plan in my schedule and have specific times in which I break for meals or for rest. The learning style of ISTJ explained to me the behavior that I have been following. I also now understand that developing a sequential plan for learning can help in improving my learning outcome. My MBTI preferences also helped me to understand why I am often under stress. Overworking me and trying to ensure that everything is perfect are the causes of my stress. I also learnt that I have not been seeking solutions to my problem from outside sources and changing my approach can help me in managing stress. One of the examples of how my MBTI preferences play out in my life is in my approach to problem solution. When I face a challenge, I think about my previous experiences in order to develop a solution. I also try to analyze the problem and its causes in order to develop solution. These approaches are consistent with my preferences for introversion, thinking and judging. Objectivity is another element of my MBTI preferences and is evident in my movement to the United States for my studies. I learnt that the United States offers better quality of education and better chances for employment and desire for a stable and well paying career influenced my decision. This means I was objective and I believe the preferences influenced my decision. MBTI provides the insight that preferences that a person has are not easy to change. When I reflect at my life decisions, I realize that I have been consistent in the decisions. This means that even though I changed my environment and I have improved in my education, my preferences remain the same. I therefore believe that other people also maintain their preferences. Change in