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Pam 43 Monthly income $4,900Josh 45 Assets $262,700Children ages 16, 14, and 11 Living expenses $4,450Liabilities $84,600Emergency fund $5,000
In recent years, the Brocks have made extensive use of mutual funds in their investment portfolio. However, they are concerned that their selection of the funds may not be coordinated. With over 9,200 different mutual funds, available this financial marketplace is confusing. The Brocks start the evaluation process by connecting various types of mutual funds to their investment goals. Next, they assess the past performance and management of the funds. Finally, they talk with various financial advisers and other investors to gather additional information.
1. How might Pam and Josh use mutual funds for various investments goals.
2. What types of mutual funds might be considered by the Brocks for their investment portfolio?
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