Unfortunately your favorite uncle has just passed away. In his will he left you
ID: 364683 • Letter: U
Question
Unfortunately your favorite uncle has just passed away. In his will he left you $15,000 cash to be awarded in a lump sum and used at your discretion. You are single living on your own, 20 years old and employed earning about $32,000 per year. You have never been to college and you are looking into to starting an online degree program to improve your career opportunities with your current employer.You have decided that investing most of this money would be a good idea. What questions should you ask before placing this money into any kind of investment? Unfortunately your favorite uncle has just passed away. In his will he left you $15,000 cash to be awarded in a lump sum and used at your discretion. You are single living on your own, 20 years old and employed earning about $32,000 per year. You have never been to college and you are looking into to starting an online degree program to improve your career opportunities with your current employer.
You have decided that investing most of this money would be a good idea. What questions should you ask before placing this money into any kind of investment? Unfortunately your favorite uncle has just passed away. In his will he left you $15,000 cash to be awarded in a lump sum and used at your discretion. You are single living on your own, 20 years old and employed earning about $32,000 per year. You have never been to college and you are looking into to starting an online degree program to improve your career opportunities with your current employer.
You have decided that investing most of this money would be a good idea. What questions should you ask before placing this money into any kind of investment?
Explanation / Answer
Following are the questions to be asked before placing this money into any kind of investment:
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