Loose Leaf for Personal Finance
Loose Leaf for Personal Finance
12th Edition
ISBN: 9781259720680
Author: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
Publisher: McGraw-Hill Education
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Chapter 15, Problem 1FPC
Summary Introduction

Case summary:

MG had invested money in a company without having any information about it, and lost $10,000 in it. She continued investing in bank and decided never to invest in stocks anymore. But CD’s in bank offered lower interest rate. She explored options with higher rate which will give her more returns and contacted Peter Manning in respect of that and he suggested her few options where she can invest in.

Characters in case: MG and PM.

Adequate information: MG has lost $10,000 due to ill-advised decision about investments.

To Determine: Reason why so many people are taken in by get-rich-quick schemes.

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