You have $10 000 to invest now and can add $550 a month, have a moderate risk profile, and would like to set these funds aside for retirement in 20 years You should A)put the money in a money market savings account B)buy one year GICs C)buy preferred stocks with the opportunity of capital appreciat...

Solution option D D Invest in m ...

You have $10 000 to invest now and can add $550 a month, have a moderate risk

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Question:

You have $10 000 to invest now and can add $550 a month, have a moderate risk profile, and would like to set these funds aside for retirement in 20 years. You should\r\n
A)put the money in a money market savings account.\r\n
B)buy one-year GICs.\r\n
C)buy preferred stocks with the opportunity of capital appreciation.\r\n
D)invest in mutual funds managed by the asset allocation method.\r\n