Spending the Inheritance
Language Work Read the conversation and practice with a partner.
Reading Read and fill in the spaces.
1) inheritbond
2) a great-some money
3) a savings terms
4) interest safe
5) in realaunt
6) play itrates
Liz So, I heard you inherited some money recently.
Charlie Yeah – that’s right. A great-aunt left me $20,000 in her will.
Liz Gosh! Have you decided what to do with it?
Charlie Well, I was going to invest in some stocks, but the market these days is so turbulent, I decided against it.
Liz Yeah – the stock market isn’t for the fainthearted!
Charlie Quite. So, I think I’m going to play it safe, and buy a savings bond.
Liz What are the interest rates like at the moment?
Charlie Well, the best I could find is a fixed rate of 7% for a five-year bond.
Liz I guess that’s not bad. But inflation is over 4% now, so in real terms, you’re not getting that much.
CharlieYeah – it’s not great, but I don’t think I’ll find anything better…
Idiom Corner
Can you explain:
• It’s not for the fainthearted!
• I’m going to play it safe.
Questions about Investing
• Do you agree that investing in stock is 'not for the fainthearted'?
• If you inherited $20,000, what would you do with it?
• In which situations is it better to invest in bonds rather than the stock market?
• Do you get much interest on savings in real terms?
Market Data
• Do you know current interest / inflation / unemployment rates?
• Is the economic outlook turbulent at the moment?
Questions about Inheriting
• Do most people make a will?
• What happens if someone dies intestate? *
정답
1) inherit some money
2) a great-aunt
3) a savings bond
4) interest rates
5) in real terms
6) play it safe
