Answer to Question #109461 in Finance for usman choudhry

Question #109461
three investors need your advisory: investor X is an old man wants to use his pension to safe guard his remaining life; investor Y is matured jobber who wants to convert his regular savings into a major source of income; investor Z is a lady with some children needs to put a part of her income for future returns through which she can finance her children education and marriages (based on financial instruments/institutions and financial markets what three plan you will offer to each with logical justification)
1
Expert's answer
2020-04-15T09:30:00-0400

Investor X can put his money into deposit account or mutual fund and receive some fixed payment every month as interest paid.

Investor Y can put his savings into annuity every month, and start receiving money back after some period of time.

Investor Z also can put her money into annuity with monthly payments into it until her children become adults.


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