You are starting an investment program for retirement. Your grand-aunt has given you $20,000 to start. Using your current age and income, choose a portfolio of at least four mutual funds. How far away from retirement are you? (If you are already retired, please consider this amount for current income or a growing stream of income.) Using the mutual funds at your disposal, how much would you allocate to each mutual fund from the lump sum that your aunt left you? How much will you contribute each month and how much would you allocate to each mutual fund from your monthly contribution? Explain the reasons you made your choices.

You are starting an investment program for retirement. Your grand-aunt has given you $20,000 to start. Using your current age and income, choose a portfolio of at least four mutual funds. How far away from retirement are you? (If you are already retired, please consider this amount for current income or a growing stream of income.) Using the mutual funds at your disposal, how much would you allocate to each mutual fund from the lump sum that your aunt left you? How much will you contribute each month and how much would you allocate to each mutual fund from your monthly contribution? Explain the reasons you made your choices.

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter15: Mutual And Exchange Traded Funds

Section: Chapter Questions

Problem 5FPC

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