Answer to Question #266909 in Finance for Jabs

Question

The Financial Services Control Authority (previously the FSB) has prescribed minimum content requirements for a client investment mandates. IDENTIFY two (2) of these requirements and EXPLAIN the implications of these for sales in the sector.

Answer 1

Invest in developing stocks and mutual funds.

You may attain objectives like doubling your income every five years or achieving a 15% yearly return on your assets by investing in the proper growth companies and equities mutual funds.

Diversify

Diversification reduces danger and increases investment opportunities. Invest in small and large businesses in a variety of industries. Consider several types of mutual funds, such as large-cap and small-cap funds, as well as local and foreign funds.