Thursday
DIALOGUE
"A Penny Saved is a Penny Earned"
(Corvin and Brian are talking about investments)
Brian: (Throwing down a newspaper) I blew it!
Corvin: What's up?
Brian: My stock. That's what's up! It has risen 12% in the past three months.
Corvin: Great! So what's the problem?
Brian: The problem is that I never bought it.
:
Corvin: So what are you waiting for? Buy it.
Brian: Too late. The rule is buy low, sell high.
Corvin: But maybe it's gonna keep rising.
Brian: It doesn't matter. I already put my money into a low risk mutual fund.
Corvin: I didn't know you were such an expert with money.
Brian: I'm not. Why don't you invest a little?
Corvin: Not really. All my money is in the bank.
Brian: What kind of interest are you making?
Corvin: I have some US dollars in a one year term deposit account that will yield 2.5%.
VOCABULARY
stock (n.)
The stock market crashed after the war.
mutual fund (n.)
Many people are investing their money into a mutual fund.
term deposit (n.)
Ask your bank about term deposits.
FAST PHRASE
To blow it
He dropped the ball. He really blew it.
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