question archive Question 2) Adam has been working diligently as a sales associate at a store selling high-tech products for 66 hours a week for the entire two years
Question 2) Adam has been working diligently as a sales associate at a store selling high-tech products for 66 hours a week for the entire two years
Subject:BusinessPrice: Bought3
Question 2) Adam has been working diligently as a sales associate at a store selling high-tech products for 66 hours a week for the entire two years. He is very knowledgeable about the high-tech products in the market and is optimistic about the future of the high-tech industry. He is about to invest for the very first time, and he is debating about whether he should buy common stocks of some technology companies or technology mutual funds. Required: (a) In general, what are mutual funds? (3 marks) (b) Explain FOUR advantages of purchasing mutual funds? (8 marks) (c) What recommendations would you make regarding Adam's dilemma about whether to go into technology common stocks or technology mutual funds? (6 marks)
