Answered: Susie works two jobs so she can pay…

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter9: The Financial Markets And The Economy: The Tail That Wags The Dog

Section: Chapter Questions

Problem 5TY

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Susie works two jobs so she can pay tuition without using loans, helps her sick mother with housework and errands, and is attending college. She knows she should be saving for retirement. Which strategy is best for Susie?

Select one: a. Auto-invest a small fixed amount in a low-cost S&P 500 index fund every month b. Buy shares of the top 5 performing stocks every month. Switch which companies she's investing in based on their monthly performance c. Wait until she's got more disposable income to invest -- if she starts now, she won't be investing enough to make it worthwhile d. Pick one company's stock -- maybe her favorite store or restaurant -- and invest the same amount every month

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