Question

Last month Nellie Jacobson's divorce became final. As part of the settlement, she received $150,000. She would like to invest in mutual funds, but since
she is 62 years old, she is concerned with the safety of her "nest egg." Which of the following mutual funds would you recommend?
Multiple Choice
Growth fund
Small cap fund
High-yield bond fund
International fund
DO
(Prey
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Answer 1

The mutual funds that should be recommended to Nellie Jacobson is E. Short-term U.S. government bond fund.

The main point is that Nellie is concerned with the safety of her funds, she requires a more secure mutual fund.  This is offered by the U.S. government bond fund.

Her investment should not be made in the Growth Fund, Small cap fund, high-yield bond fund, or international fund.  These funds are riskier than the U.S. government bond fund.

Data:

Amount to be invested = $150,000

Age of investor = 62 years

Level of safety = highest

Question Completion Options:

A. Growth fund

B. Small cap fund

C. High-yield bond fund

D. International fund

E. Short-term US government bond fund

Thus, I would recommend option E for Nellie Jacobson.

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