3. Matching Mutual Funds with Investor Needs. This chapter classified mutual funds into different categories based on
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3. Matching Mutual Funds with Investor Needs. This chapter classified mutual funds into different categories based on the nature of the fund’s investments. Using the following information, pick a mutual fund category that you consider suitable for each investor described and justify your choice. (Obj. 2)
a. A 25-year old single investor with a new job that pays $30,000 a year?
Mutual fund category:
Why?
b. A single parent with two children who has just received a $300,000 divorce settlement, has no job, and has not worked outside the home for the past five years.
Mutual fund category:
Why?
c. A husband and wife who are both in their early 60s and retired.
Mutual fund category Why?
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