Problem - Building a mutual fund portfolio

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Problem - Building a mutual fund portfolio

Imagine you've just inherited $40,000 from a rich uncle. Now you're faced with the problem of deciding how to spend it. You could make a down payment on a condo-or better yet, on that BMW that you've always wanted; or you could spend your windfall more profitably by building a mutual fund portfolio. Let's say that, after a lot of soul-searching, you decide to build a mutual fund portfolio. Your task is to develop a $40,000 mutual fund portfolio. Use actual funds and actual quoted prices, invest as much of the $40,000 as you possibly can, and be specific! Briefly describe the portfolio that you end up with, including the investment objectives that you're trying to achieve.

Reference no: EM132800656

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