User Account

All Pages

What is likely to be the best way for david to sav

Assignment Help Financial Accounting
Reference no: EM132908805

David is 27 and earns $75,000 per year as a physiotherapist. He is currently has $40,000 saved in the bank and is also saving an additional $650 per month, with the aim of reaching $55,000 to use as a deposit on a rental property in the next 2 years. David advises you that this goal is really important to him and he wants to make sure this is achieved within the next 2 years, so he doesn't want to take any unnecessary risk with these funds, unless he really has too.

Problem 1: Based on the information above, what is likely to be the best way for David to save the additional $15,000 he needs for his house deposit?

A. Invest in his superannuation fund to save tax
B. Invest in a portfolio of large Australian shares such as the Commonwealth Bank, Rio Tinto etc
C. Invest in safe, secure assets such as a high interest savings account or a term deposit
D. Invest in line with his risk profile, e.g. a growth managed fund
E. Invest in property funds, seeing as he wants to use his savings to purchase a property

Reference no: EM132908805

Questions Cloud

Excel correlation on the internet : 1. Number of people in each gender category 2. What was the range of the self-esteem score totals?
Inevitable actions resulting from security violations : The objective of this discussion is to map out the response to security violations and how to plan for the inevitable actions resulting from security violations
Which statements is correct about the children : Which statements is correct about the children? Jayden aged 14, and Katrina aged 20, who both live at home, as well as Kathy who is 23
Benefits of participatory decision making : What are the benefits of participatory decision making and under what conditions is it most likely to succeed?
What is likely to be the best way for david to sav : Based on the information, what is likely to be the best way for David to save the additional $15,000 he needs for his house deposit?
Two barriers to effective communication : Identify at least two barriers to effective communication that leaders might encounter in the organization
Implement and test a full digital instrument : build up the skills to fulfil this project during the lectures and tutorials, submission of milestones is devised to match the skills acquired.
Calculate the tax payable by aurelia and dianna in the event : Calculate the tax payable by Aurelia and Dianna in the event they were each to receive a lump sum superannuation death benefit of $110,000.
Which loss must the shareholder recognize on distribution : Which gain or loss must the shareholder recognize on the distribution? A corporation is undergoing a complete liquidation and distributes land to an individual.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd