I need help with some homework.
My first question I need help with is:
Which type of investment is recommended for the following types of people?
a) a 24-year-old single person who has just moved into an apartment after getting her first permanent job (she makes $35 000 per year).
b) a "30-ish" couple who are expecting their first child. Both people work, with a combined income of $90 000 per year.
c) a 55-year-old couple who are about to retire. They own a house, have $200 000 in savings, and have pension plans that will pay them a total of $70 000 per year.
Thank you for helping!!
My first question I need help with is:
Which type of investment is recommended for the following types of people?
a) a 24-year-old single person who has just moved into an apartment after getting her first permanent job (she makes $35 000 per year).
b) a "30-ish" couple who are expecting their first child. Both people work, with a combined income of $90 000 per year.
c) a 55-year-old couple who are about to retire. They own a house, have $200 000 in savings, and have pension plans that will pay them a total of $70 000 per year.
Thank you for helping!!