Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1} Imagine you inherited $50,000 and you want to invest it to meet two nancial goals; (a} to save for your wedding. which you plan
1} Imagine you inherited $50,000 and you want to invest it to meet two nancial goals; (a} to save for your wedding. which you plan to have in two years. (bl to save for your retirement a few decades from now. How would you invest your money? i would start off with investing all my money in the stock market. Even though it has more risks there is a quicker return as long as the market does not fail. But I would only have the money just in stocks for a period of time, maybe until my wedding, then I would be a little more responsible and go with half stock market and half bonds. Because I will not need the money for a while and it can take it's time and bonds are a safer way to go
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started