PERSONAL FINANCE
5th Edition
ISBN: 9781308498706
Author: Kapoor
Publisher: McGraw Hill
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Chapter 13, Problem 13.1PQ1
Summary Introduction
To determine:
Whether an investor should develop specific investment goals or not.
Introduction: Investment goals refer to the target amount a person wants to collect for a particular purpose through investing. It may be a retirement goal of collecting $150,000 or any other.
Expert Solution & Answer
Answer to Problem 13.1PQ1
Solution:
Yes, investor should develop specific investment goals.
Explanation of Solution
Yes, investor should develop specific investment goals because it will help him in knowing what he wants and what time he required achieving it.
- If he doesn’t setup a financial goal he does not know where he wants to go and in the end. He may end up somewhere else.
- For example, he may need $100,000 for his retirement, but he didn’t setup his goal then he don’t know what amount to save and how long to save.
- It is more likely that he stops investing after sometime because he wants to enjoy today more and end up not having enough corpus for retirement. In short, goals help us to stay on the right path to achieve a secure future.
Thus, an investor should develop specific investment goals.
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Chapter 13 Solutions
PERSONAL FINANCE
Ch. 13 - Prob. 13.1PQ1Ch. 13 - Prob. 13.1PQ2Ch. 13 - Prob. 13.1PQ3Ch. 13 - Prob. 13.1PQ4Ch. 13 - Prob. 13.2PQ1Ch. 13 - Prob. 13.2PQ2Ch. 13 - Prob. 13.2PQ3Ch. 13 - Prob. 13.3PQ1Ch. 13 - Prob. 13.3PQ2Ch. 13 - Prob. 13.3PQ3
Ch. 13 - Prob. 13.3PQ4Ch. 13 - Prob. 13.4PQ1Ch. 13 - Prob. 13.4PQ2Ch. 13 - Prob. 13.4PQ3Ch. 13 - Prob. 13.5PQ1Ch. 13 - Prob. 13.5PQ2Ch. 13 - Prob. 13.5PQ3Ch. 13 - Prob. 1FPPCh. 13 - Prob. 2FPPCh. 13 - Prob. 3FPPCh. 13 - Prob. 4FPPCh. 13 - Prob. 5FPPCh. 13 - Prob. 6FPPCh. 13 - Prob. 7FPPCh. 13 - Prob. 8FPPCh. 13 - Prob. 9FPPCh. 13 - Prob. 10FPPCh. 13 - Prob. 11FPPCh. 13 - Prob. 1FPACh. 13 - Prob. 2FPACh. 13 - Prob. 3FPACh. 13 - Prob. 4FPACh. 13 - Prob. 5FPACh. 13 - Prob. 6FPACh. 13 - Prob. 1FPCCh. 13 - Prob. 2FPCCh. 13 - Prob. 3FPCCh. 13 - Prob. 4FPCCh. 13 - Prob. 5FPCCh. 13 - Prob. 1CCCh. 13 - Prob. 2CCCh. 13 - Prob. 3CCCh. 13 - Prob. 4CCCh. 13 - Prob. 5CCCh. 13 - Prob. 6CCCh. 13 - Prob. 1DSDCh. 13 - Prob. 2DSD
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