Mathematics, 18.03.2021 03:10 ashleymer384
Jane just received $100,000 from the estate of her late Uncle Bob as inheritance. All her bills are current, and her credit card balance is now zero. She also paid off her car loan last month, and she has no other outstanding debt. Jane currently makes $30,000 a year, and her salary will increase by $350 beginning next month due to her recent promotion. Now she makes enough to pay all her bills and will not need this gifted money in the immediate future. She has decided to invest all $100,000.
Submit a 100-150 word description of how Jane should invest her money to build her portfolio. In your response, include the how these investments will relate to both her short-term and long-term financial goals.
Before You Begin:
Here are some assumptions to help you as you build Jane's portfolio:
She plans to buy a house in 5 years.
She has $210 in her savings account.
She has more than 30 years before she retires, and she wants to retire with 75% of her income.
She would like to see that money grow.
If she loses 10% of that money she wouldn’t mind because there is time to make back the money.
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