Cameron graduated from college last year and started to put away a fixed amount each month that

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Cameron graduated from college last year and started to put away a fixed amount each month that he wishes to invest. To date, he has saved $1,000. An advisor recommended a balanced mutual fund. What benefits does it provide to Cameron?

Low-cost diversification due to scale.

Low-cost due to passive management.

Professional management.

A & C.

Related Book For answer-question

Personal Finance Turning Money into Wealth

ISBN: 978-0134730363

8th edition

Authors: Arthur J. Keown

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Posted Date: Nov 07, 2023 04:55 AM

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Cameron graduated from college last year and started to put away a fixed amount each month that

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A balanced mutual fund provides both lowcost diversification due to scale and professional managemen... View the full answer

Personal Finance Turning Money into Wealth

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