Which of the following is the least successful strategy to obtain the money you need to meet investment goalsMultiple ChoiceEnsure all major purchases are made prior to starting a savings program.Take advantage of employer sponsored retirement programs.Invest gifts, inheritances and windfalls.Pay yourself first.Participate in an elective savings program.
Question
Which of the following is the least successful strategy to obtain the money you need to meet investment goalsMultiple ChoiceEnsure all major purchases are made prior to starting a savings program.Take advantage of employer sponsored retirement programs.Invest gifts, inheritances and windfalls.Pay yourself first.Participate in an elective savings program.
Solution
The least successful strategy to obtain the money you need to meet investment goals from the options provided is "Ensure all major purchases are made prior to starting a savings program." This strategy is not advisable because it could deplete your resources before you even begin saving or investing. It's generally better to start saving or investing as soon as possible, even if you're also planning to make major purchases.
Similar Questions
Multiple Choice QuestionWhich of the following is not a suggestion for establishing an investment program?Multiple choice question.Participate in an elective savings program.Take advantage of employer-sponsored retirement programs.Invest money first.Make special savings effort one or two months a year.Take advantage of gifts, inheritance.
Fill in the Blank QuestionFill in the blank question.There are several ways to establish an investment program. One suggestion is to pay first.
A short-term savings strategy is most useful for people who want to:A.avoid putting their money into banks or credit unions.B.withdraw their savings to pay for unexpected expenses.C.increase the value of their investments as much as possible.D.create a household budget that uses all of their monthly income.
Multiple Choice QuestionWhich of the following is the last step for effective investment planning?Multiple choice question.Determine the amount of money you need to obtain your goals.Continue to evaluate your investment program.Reduce possible investments to a reasonable number.Choose at least two different investments.Establish your investment goals.
The best way to set your investment goals is to ensure that they areMultiple Choicelong-term and diversified.measurable and specific.relevant and small.specific and grand.sensible and grand.
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