Question
Imagine that youve just inherited $25,000. Now youre faced with the problem of how to spend it. You could make a down payment on a
Imagine that youve just inherited $25,000. Now youre faced with the problem of how to spend it. You could make a down payment on a condo or on that sports car youve always wanted. Or you could build a mutual fund portfolio. After some soul searching, you decide to build a $25,000 mutual fund portfolio. Using actual mutual funds and actual quoted prices, come up with a plan to invest as much of the $25,000 as you can in a portfolio of mutual funds. (In addition to one or more open-end funds, include at least one CEF or ETF.) Be specific! Briefly describe your planned portfolio, including the investment objectives you are trying to achieve.
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