BUSN 380 study Great Stories/busn380study.com BUSN 380 study Great Stories/busn380study.com | Page 77

No one is going to make you save the money; you need to start a
program.
To be useful, investment objectives must be very specific.
Investment goals can be different for each individual.
Because investment objectives deal with the future, it is useful to plan
more than 5 years in the future.
A long-term investment objective involves a time period of 2 years or
less.
Question 2. Question : (TCO 5) Good advice for a potential investor
starting an investment program includes all but which of the
statements below?
Work to balance your budget.
Increase credit purchases and make installment payments in order to
increase cash available for investing.
Establish specific and measurable investment goals.
Start an emergency fund.
Establish a line of credit.
Question 3. Question : (TCO 5) You currently hold a $1,000 corporate
bond; however, if interest rates in the overall economy increase, which
of the following is most likely to be the market value of this bond?