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Holly deposited $7,000 in a CD and will get charged penalties if she makes withdrawals within five years. However, she will need this money to pay for college tuition next year. What saving and investing
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Holly deposited $7,000 in a CD and will get charged penalties if she makes withdrawals within five years. However, she will need this money to pay for college tuition next year. What saving and investing principle should Holly have followed?

Understand your risk tolerance.
Diversify.
Keep investments simple.
Consider how long you plan to keep your money in the investment.

User Olivier Lalonde
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2 Answers

5 votes

Answer:

Consider how long you plan to keep your money in the investment.

Step-by-step explanation:

User Babbageclunk
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5.3k points
1 vote

Answer:

Consider how long you plan to keep your money in the investment.

if this isn't the answer i do apologize

User Stokastic
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