Vanessa Avoletta is a very successful self-employed freelance writer of romantic novels. She has a reputation for
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She asked you for several alternative courses of action, and you offered the following possibilities.
1. An IRA with a bank with the funds deposited in a variable-rate account.
2. A self-directed Keogh account with a major brokerage firm.
3. A Keogh account with a major mutual fund.
4. An account with a brokerage firm to accumulate common stocks with substantial growth potential but little current income.
How would you reply to each question? Which course(s) of action would you suggest that she pursue? Finally, how would each of the following alter your advice?
1. Avoletta has a record of poor health.
2. Avoletta would like to write less and perhaps teach creative writing at a local college.
3. Avoletta has expensive tastes and finds saving to be difficult.
Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...
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