Pretend that you face these six choices for investments:

a stock that has appreciated in value by 25% in each of the past 5 years and pays no dividends;

a stock that has appreciated by 5% in each of the past 5 years and pays an 8% dividend each year;

a bond that returns 5% each year;

a mutual fund of international stocks that has appreciated by as much as 45% but depreciated by as much as 30% during the past 10 years;

a mutual fund of US consumer products company stocks that has consistently appreciated by 12% for the past 5 years;

a mutual fund of bonds that has consistently appreciated by 7% for the past 10 years.

Choose three of these investments for your portfolio. What are your investment objectives? Why did you choose those three?