Assume you are single and have graduated from university. Your monthly takehome pay is $2,100, and your
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Assume you are single and have graduated from university. Your monthly takehome pay is $2,100, and your monthly expenses total $1,800, leaving you with a monthly surplus of $300. Develop a personal plan of action for investing like the one illustrated in Exhibit 10–5.
Data in Exhibit 10–5.
Transcribed Image Text:
Step 1 My investment goals are to begin a retirement program Step 4 Possible investment alternatives GIC a. b. Stocks c Corporate Bonds d. Gold Step 6 Investment decision based on the top 3 GIC 1. 2. Corporate Bonds 14:30 PM Step 2 By Jan 1, 20 22 have obtained $ 75,000 Signed Salomé Mari Step 5a Evaluation of risk factor for each alternative Low Risk a. b. More Risk c. Moderate Risk d. Very High Risk Step 7 ..I will Final decision based on re-evaluation of top 3 GIC 1. 2. Mutual Fund Step 3 I have $42,000 available for investment purposes. Date Jan 1, 2018 Step 5b a. b. 4%-10% c. 4%-7% d. ??? Evaluation of projected return for each investment alternative 1% -3% GELTER Step 8 Continued evaluation of your Investment choices
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ANSWER Congratulations on your graduation and your surplus income of 300 per month Heres a personal ...View the full answer
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Related Book For
Personal Finance
ISBN: 9781259650659
7th Canadian Edition
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino
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