FIN 420 Week 3 DQ 2
Financial experts agree that having an emergency fund is an essential component of a comprehensive financial plan. However, advice regarding the number of months of household expenses the emergency fund should cover varies between 3 and 9 months. Taking into account the current financial environment, how many months of expenses would you recommend for an emergency fund and why? What are three investment options that are appropriate for an emergency fund? Which of these investment options offer the best returns? What reasons might encourage you to forego a higher return on your emergency funds? =================================================== FIN 420 Week 3 Individual Problem Worksheet
FIN 420 Week 3 DQ 2
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Financial experts agree that having an emergency fund is an essential component of a comprehensive financial plan. However, advice regarding the number of months of household expenses the emergency fund should cover varies between 3 and 9 months. Taking into account the current financial environment, how many months of expenses would you recommend for an emergency fund and why? What are three investment options that are appropriate for an emergency fund? Which of these investment options offer the best returns? What reasons might encourage you to forego a higher return on your emergency funds? =================================================== FIN 420 Week 3 Individual Problem Worksheet
FOR MORE CLASSES VISIT www. fin420assist. com
1. Complete Worksheet 37 in Focus on Personal Finance,“ Your Financial Plan – Evaluating Corporate Bonds.”
2. Explain the principle of asset allocation. Using the Internet or library research, prepare a 2-minute presentation describing why the principle of asset allocation is important when establishing an investment program.
3. Assume you are 59 years old, want to retire in 6 years, and currently have an investment portfolio valued at $ 550,000 invested in technology