Answered: e slog to earn, but a very few…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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"Everybody wants to go heaven, but nobody wants to die. The same way everybody. wants to be rich and wealthy but nobody wants to save. People slog to earn, but a very few understands the potential of their hard earned money". Suppose you are a financial planner and your one of the customer of age 32 who is married, have one kid of 5 year and working as an Assistant Vice President in one of the pharmacy company approached to you for seeking your views for saving, tax planning, education planning of his child and retirement planning. What mutual funds you advise to your customers and what factors you keep in mind before advising funds to your customer.

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