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Author Question: If you have $5,000 to invest but will need to use the funds in three years to buy a home, you should (Read 53 times)

sam.t96

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Question 1

If you have $1,000 to invest, but will need the money in one month to pay bills, you should


◦ put the money in a money market savings account.
◦ buy a one-year CD.
◦ buy stocks of relatively stable firms that have low risk.
◦ invest in a diversified stock mutual fund.

Question 2

If you have $5,000 to invest but will need to use the funds in three years to buy a home, you should


◦ invest in a diversified stock mutual fund.
◦ buy stocks of relatively stable firms that have low risk.
◦ buy a three-year CD.
◦ put the money in a money market savings account.


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Marked as best answer by sam.t96 on Apr 14, 2019

sailorcrescent

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sam.t96

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Reply 2 on: Apr 14, 2019
Thanks for the timely response, appreciate it


jomama

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Reply 3 on: Yesterday
Wow, this really help

 

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