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20 October, 00:05

Marta is twenty eight years old, and she has no dependents. She has saved an emergency fund and an extra $1,500.

She would like to save or invest this money in hopes that it will grow fast. Marta does not mind taking risks with her

money. Which type of account or investment is best for her?

fifteen-year savings bond

IDA

mutual fund

basic savings account earning 1.3 percent Interest, compounded monthly

+2
Answers (1)
  1. 20 October, 00:15
    0
    Mutual Fund

    Explanation:

    Mutual fund is a type of investment where professionals managed a pooled sum money contributed by different investors. These funds are invested into buying stocks, bonds other securities towards profit making.

    It has its advantages in professional management, shared risks, dividends reinvestment and convenience. However, the disadvantages include poor trade execution, potential for management bias and high fees.
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Home » Business » Marta is twenty eight years old, and she has no dependents. She has saved an emergency fund and an extra $1,500. She would like to save or invest this money in hopes that it will grow fast. Marta does not mind taking risks with her money.
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