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Which strategies offers best way to achieve lifetime wealth

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Reference no: EM132838250

Problem 1: Matthew has been an active postage-stamp collector for a number of years. A few years ago, he bought a scarce U.S. postage stamp for $4900. He has now decided to sell the stamp. If he sells it at an auction and receives $5300 but pays a 15% sales commission on the amount received, what will be Matthew's capital gain/loss?

a. Gain of $395.

b. Loss of $395.

c. Gain of $400.

d. Loss of $5.

Problem 2: Which of the following strategies offers the best way to achieve lifetime wealth?

a. Making a High Annual Income.

b. Saving Money.

c. Earning Interest.

d. Owning a Successful Business.

Reference no: EM132838250

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