Maria is 30 years old and has a nest egg of $25,000 that she worked hard to save through her twenties. She would like to invest

Question

2 years ago

8

Maria is 30 years old and has a nest egg of $25,000 that she worked hard to save through her twenties. She would like to invest

the money in order to have a down payment for a home by the time she is 35.
How would you recommend Maria invest her money?

Social Studies

1 answer:

blagie [28] · Answer 1 · 2023-07-19T03:52:34+03:00

The recommendation would be; Putting that cash into the previously stated index fund is the move that I would suggest making if you have a goal that indicates the requirement for a particular level of financial security.

<h3>How would you recommend Maria invest her money?</h3>

Maria is currently 30 years old and has a savings cushion of $25,000 that she diligently accumulated throughout her twenties, and since she is interested in investing the money in order to have enough for a down payment on a house by the time she is 35, I would suggest the following course of action to her:

Given that the S&P 500 index fund has an average annual return of 10–15 percent, with positive returns almost guaranteed and considered low risk, and given that the S&P 500 index fund has a very low risk, Maria should invest in it.

In conclusion, If you have a goal that signals the demand for a specific degree of financial security, the action that I would propose doing is investing that cash in the index fund that was mentioned before. This is the move that I would suggest making.