Major charitable organization in north carolina

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- Nicole is the director of a major charitable organization in North Carolina.

-She is a single mother of one young child, she earns a modest income.

- Nicole has decided it would be best for her to do a little investing on her own.

- She'd like to set up a program to supplement her employer's retirement program and, at the same time, provide some funds for her child's college education (which is 12 years away).

- Although her income is modest, Nicole believes that with careful planning, she could probably invest about $250 a quarter, and she hopes to increase this amount over time. ---- Nicole now has about $15,000 in a bank savings account, which she's willing to use to kick off this program.

- In view of her investment objectives, she isn't interested in taking a lot of risk.

- Nicole's knowledge of investments extends no further than savings accounts, series EE bonds, and a little bit about mutual funds.

In view of Nicole's long-term investment goals, are mutual funds or ETFs, the more appropriate investment vehicle for her? Also what advice would be good to give her when using this investment vehicle?

Reference no: EM133056839

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