Final answer:
A balanced fund or an asset allocation ETF is recommended for Harper's investment goal, which diversifies between stocks and bonds within the desired 50%-70% range in stocks.
Step-by-step explanation:
To assist Harper in her investment goals, we should consider a type of mutual fund known as a balanced fund or an asset allocation ETF. These funds typically contain a diversified group of stocks and bonds, with an aim to offer a balanced portfolio that aligns with a desired risk profile. The allocation of stocks to bonds falls within Harper's desired range of 50%-70% stocks with the remaining in bonds, providing potential growth through equities while also having the stability offered by fixed income from bonds.
Popular examples include the Vanguard Balanced Index Fund (which is a mutual fund), or perhaps an ETF like the iShares Core Allocation ETFs. Each fund should be evaluated for its specific asset allocation, fees, historical performance, and management to ensure it aligns with Harper's individual financial goals, risk tolerance, and investment timeframe.