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Sam plans to retire in 5 years when he turns to 68. He recently received a $10,000 money gift from a closed relative. Sam has
Sam plans to retire in 5 years when he turns to 68. He recently received a $10,000 money gift from a closed relative. Sam has enough money for living, so he plans to invest this $10,000 into financial market in order to increase his post-retirement income. (1) Sam is looking for investments that can bring him streams of income over the years, what type of investments should you recommend Sam to consider? Provide 2-3 types of investment products to Sam, and explain to him briefly what they are and why they fit Sam's investment objectives. (limit your answer to this question to 3 - 6 sentences) (2) Beside picking the best fitting investment products, Sam also wants to learn a few trading strategies. According to what you have learned in this course, try to provide 2 trading/investing strategies to Sam, and explain the benefit of using them. (limit your answer to this question to 3-6 sentences)
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