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What Are Other HighRisk Investment Choices? 113 HighRisk Choices ? Real estate o Land or vacant lots o Real estate investment trusts (REIT) o Rental property ? Collectibles ? Precious metals and gems Slide 16 Focus On . . . Day Traders ? Attempt to make money by buying and selling stocks and bonds over short periods of time ? Sell stock when prices rise for a quick profit ? Must be aware of general market conditions ? Must be familiar with panies, products, and industries ? Can make high profits over time 113 HighRisk Choices 。Chapter 11 Saving and Investing Options Slide 2 What Are LowRisk Savings Options? 111 LowRisk Choices ? Liquid savings include cash or investments that can be changed into cash quickly. ? Savings and checking accounts are liquid. ? Illiquid investments cannot be converted to cash quickly or without a penalty. Slide 3 What Are LowRisk Savings Options? 111 LowRisk Choices ? Savings accounts ? Money market accounts o Two types: deposit account or fund ? Certificates of deposit o Money set aside for specific length of time at a fixed interest rate ?