Question: Theo earned $ 1 5 , 0 0 0 over the summer school break and decided to invest in the stock of a small technological

Theo earned $

15, 000

over the summer school break and decided to invest in the stock of a small technological company rather than pay off his $

15, 000

credit card debt. He was counting on doubling his money in the short term so that he could eventually pay the debt and have funds left over. What investment mistakes did he make?

I. Making a decision based on an unrealistic goal

.

Borrowing to invest

III. Taking risks to recover losses from a previous investment

.

I, II and III

.

I and III, only

.

II and III, only

.

I and II

,

only

Theo earned $15,000 over the summer school break and decided to

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