Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

We will assume that you have a total of $12,000 to invest - $3,000 and $9,000 from your favorite uncle who gave you this gift

We will assume that you have a total of $12,000 to invest - $3,000 and $9,000 from your favorite uncle who gave you this gift with the stipulation that it will be used to build your future through investing. You will be constructing a portfolio with $4,000 in stocks, $4,000 in bonds, and $4,000 in mutual funds. Respond to the following by providing at least one paragraph for each item and support your response.

1) Characterize the types of stock, bond, and mutual fund investments available for your investment portfolio by explaining the advantages and disadvantages of investing in each type.

2) Explore tools for evaluating stocks, bonds, and mutual funds and make a selection based on your investment philosophy and goals as follows:

Stocks: visit a stock screener web site such as Yahoo! Finances Stock Screener or Google Finance Stock Screener and search for at least two stocks of your choice based on the available information and invest $4,000. Be sure to indicate the company name, the price per share, and the number of shares purchased for each stock.

Bonds: visit the Financial Industry Regulatory Authoritys Market Data Bond Search and search for at least two bonds of your choice based on the available information and invest $4,000. Be sure to indicate the company, municipality, or government name, the coupon rate, and the price paid for each bond.

Mutual Funds: visit Fidelity, Vanguard, or a mutual fund company that you would like to explore and search for at least two mutual funds of your choice based on the available information and invest $4,000. Be sure to indicate the mutual fund name, the price per share, and the number of shares purchased of each mutual fund.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management In The Public Sector Tools Applications And Cases

Authors: Xiaohu Wang

2nd Edition

0765625229, 9780765625229

More Books

Students also viewed these Finance questions