Requirement 6

Personal Management Merit Badge

Pretend you have $1,000 to save, invest, and help prepare yourself for the future.

Explain to your merit badge counselor the advantages or disadvantages of saving or investing in each of the following:

  1. Common stocks
  2. Mutual funds
  3. Life insurance
  4. A certificate of deposit (CD)
  5. A savings account or U.S. savings bond

Resources:

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