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Malik is a recent college graduate. He just started his first job as an investment representative for Edward Jones. He has carefully budgeted his finances, and plans to set aside $500/month for his retirement,
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4 votes
Malik is a recent college graduate. He just started his first job as an investment

representative for Edward Jones. He has carefully budgeted his finances, and plans to
set aside $500/month for his retirement,
How would you recommend Malik invest his money?

User Gonzalo Contento
by
4.0k points

1 Answer

7 votes

Answer:

The answer is below

Step-by-step explanation:

Given that Malik wants to invest his money for retirement purposes, here are some of the income-producing retirement investments he can invest his money:

1. Immediate Annuities

2. Bonds

3. Retirement Income Funds

4. Rental Real Estate

5. Real Estate Investment Trusts (REITs)

6. Variable Annuity With a Lifetime Income Rider

7. Closed-End Funds

8. Dividend Income Fund

9. Total Return Portfolio

User Aditya Chauhan
by
4.1k points
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