Jason's grandmother died and left him $70,000. Jason needed $10,000 of the inheritance to finish his last year of College. He wanted to invest what was left. Jason investigated several stocks that he felt were likely to multiply. Most were high-tech stocks in industries such as gene splicing and robotics. Jason's stockbroker encouraged him to diversify his investments by buying stock in two mutual funds. One was a fund that specializes in smaller-growth companies. Another specialized in bonds. A broker Jason met at a party suggested he need not use a broker. She told him to keep some funds in the bank for his use in an emergency. Other funds could be invested in several mutual funds managed by one firm. She called them no-load mutual funds and explained that they could be bought for no brokerage fee. She said the funds have an NL notation in the various mutual fund quotations, as found in The Wall Street Journal. A financial adviser has suggested that Jason buy insurance first, even though he is not married. The idea was to buy a policy to invest money for Jason at a reasonable return. Any excess funds would be placed in a bank (for emergencies) and in mutual funds that the adviser would recommend. In your initial post, discuss the following: 1. What are the criteria Jason should use in evaluating investment alternatives? 2. Look up no-load mutual funds and summarize in your own words. Do you understand what is available? 3. Which mutual fund is best to buy now? Choose one and explain why you chose this.