Question
Which of the following scenarios follow the terms of our 12-word sentence on investing? Bela has an investment property and the tenant pays her rent
Which of the following scenarios follow the terms of our 12-word sentence on investing?
Bela has an investment property and the tenant pays her rent of $1,400 per month. Some portion of that goes towards paying taxes and insurance and the rest she saves in her checking account. | ||
At the end of each month, Eloise looks at her savings account and, if there is money left over, she transfers as much as she can into her investment account. During the month, she studies the markets and buys 2-4 stocks that she has read about in the newspaper. She plans to hold onto these stocks for decades. | ||
George puts money into his 401k | ||
Ruth is a diligent saver but not a savvy investor. She saves 10% of each of her paycheck each month and, if the stock market feels strong, invests a portion of it. She has a financial advisor who buys her mutual funds. The mutual funds are diverse and managed by the most successful team at the institution she invests at. |
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