Geoff recently graduated from a state university with a degreein art history. He has no student loans and has saved $7,000toward retirement while in school. He's heard rumors about thestock market being unstable right now, and he has friends hisage who have seen their investment accounts go down in value.Geoff has decided to keep his money in a savings account untilmutual fund returns look better; then he will invest the money.1234Did Geoff make a good decision to keep his money in asavings account until the market goes back up? Why orwhy not?If he did put his money in the stock market instead of asavings account, should he leave it alone or take it outwhen the market goes down? Explain your answer.For long-term savings, what is the better option: Keepyour money in a savings account or invest it into thestock market? Why?If Geoff came to you for advice about his money situation,what would you tell him?

Investing in various financial instruments aims to accumulate a certain sum of money to be…

Geoff recently graduated from a state university with a degree in art history. He has no student loans and has saved $7,000 toward retirement while in school. He's heard rumors about the stock market being unstable right now, and he has friends his age who have seen their investment accounts go down in value. Geoff has decided to keep his money in a savings account until mutual fund returns look better; then he will invest the money. 2 3 Did Geoff make a good decision to keep his money in a savings account until the market goes back up? Why or why not? If he did put his money in the stock market instead of a savings account, should he leave it alone or take it out when the market goes down? Explain your answer. For long-term savings, what is the better option: Keep your money in a savings account or invest it into the stock market? Why? If Geoff came to you for advice about his money situation, what would you tell him?

Geoff recently graduated from a state university with a degree in art history. He has no student loans and has saved $7,000 toward retirement while in school. He's heard rumors about the stock market being unstable right now, and he has friends his age who have seen their investment accounts go down in value. Geoff has decided to keep his money in a savings account until mutual fund returns look better; then he will invest the money. 2 3 Did Geoff make a good decision to keep his money in a savings account until the market goes back up? Why or why not? If he did put his money in the stock market instead of a savings account, should he leave it alone or take it out when the market goes down? Explain your answer. For long-term savings, what is the better option: Keep your money in a savings account or invest it into the stock market? Why? If Geoff came to you for advice about his money situation, what would you tell him?

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter15: Mutual And Exchange Traded Funds

Section: Chapter Questions

Problem 1FPC

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