At the age of 25, your friend Wanda inherits $10 000. She has plans to open...

 

Transcribed Image Text:

At the age of 25, your friend Wanda inherits $10 000. She has plans to open her own business in 10 years, so she wants to invest this money so that it can grow during that time. She asks for your help and advice about what she should do with her money. a) Consider each of the potential investment options below. Research the pros and cons of each, considering Wanda's situation. Investment Pros Cons 2 marks Type Stocks (Equities) Bonds Mutual Funds Index Funds GICs Real Estate b) Based on your research, what is your final recommendation for Wanda? Justify your recommendation. 1 mark At the age of 25, your friend Wanda inherits $10 000. She has plans to open her own business in 10 years, so she wants to invest this money so that it can grow during that time. She asks for your help and advice about what she should do with her money. a) Consider each of the potential investment options below. Research the pros and cons of each, considering Wanda's situation. Investment Pros Cons 2 marks Type Stocks (Equities) Bonds Mutual Funds Index Funds GICs Real Estate b) Based on your research, what is your final recommendation for Wanda? Justify your recommendation. 1 mark