Business and Personal Finance © 2007Chapter 10: Bonds and Mutual FundsNAF Case StudiesPlan Your Financial Life (National Academy Foundation) Mary and Brandon have been living very frugally. Mary is a teacher and Brandon works as an automotive technician. They only own one car. They live in a small one-bedroom apartment that is sparsely decorated. Mary and Brandon shop only at discount stores and use coupons whenever possible. Their penny-pinching habits have served them well - they have over $30,000 in savings. Mary and Brandon have been thinking about the investment opportunities that might allow their savings to really grow. A childhood friend of Mary’s sells mutual funds and has suggested Mary and her husband invest in international and aggressive growth funds. Apply What do you think of the suggestion Mary’s friend has made? If you were Mary and Brandon’s friend, what would you advise they do with their $30,000? Why? |  |
