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 buy a fancy car that you have on that always wanted. Or you could build a mutual fund portfolio. After some soul searching, you decide to build a $25,000 mutual fund portfolio. With more than 8,000 mutual funds to choose from, it can be difficult to find and select the fund that is best suited for a particular need. Organize your responses in paragraphs

a) What type of mutual funds would you invest in? Explain. Briefly describe your planned portfolio, including the investment objectives you are trying to achieve.

b) How you would go about searching the mutual fund information to help you in the decision process? What range of information would you be looking for in your search process? Why?

c) Discuss the factors that you would consider before purchasing the mutual funds you have identified in part (a), paying attention to the best combination of fees that you would incur as an investor, tax implications, mutual fund investment performance, etc.