The Sampsons are aware that diversification is important. Therefore, they have decided that they will initially invest in one biotechnology mutual fund and then invest in three other biotechnology mutual funds as they accumulate more money. In this way, even if one mutual fund performs poorly, they expect that the other biotechnology mutual funds will perform well. How can the Sampsons diversify their investments more effectively?
Answer to relevant QuestionsA good friend of Dave’s informed him that the company he works for will announce a new product that will revolutionize the industry the friend works in. Dave is very excited about the prospective jump in the stock price. ...Explain to Brad why misleading financial statements may be more common than he believes and why misleading financial statements can negatively affect a stock’s price. What is an annuity? What is the difference between a fixed annuity and a variable annuity? What is the main disadvantage of annuities? What is a defined benefit plan? What is vesting? What does it mean to be fully vested? How much would Barry have if he could earn a 10% return on his investment beginning at age 35?
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