Question
Building a mutual fund portfolio Imagine youve just inherited $40,000 from a rich uncle. Now youre faced with the problem of deciding how to spend
Building a mutual fund portfolio
Imagine youve just inherited $40,000 from a rich uncle. Now youre faced with the problem of deciding how to spend it. You could make a down payment on a condoor better yet, on that BMW that youve always wanted, or you could spend your windfall more profitably by building a mutual fund portfolio. Lets say that, after a lot of soul-searching, you decide to build a mutual fund portfolio. Your task is to develop a $40,000 mutual fund portfolio. Use actual funds and actual quoted prices, invest as much of the $40,000 as you possibly can, and be specific! Briefly describe the portfolio that you end up with, including the investment objectives that youre trying to achieve.
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