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Candace has just landed her first job and has the long-term goal to one day buy a house. She needs help investing some of her money so that one day she can reach that goal. Candace begins to look for a financial advisor who can help her pick where to put her money so that it is safe and will grow. Name two qualities that Candace should look for as she chooses her financial advisor and state why those qualities are important.

User Takina
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2 Answers

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Final answer:

Candace should seek out a financial advisor who is both trustworthy, to ensure her funds are safe and her interests are prioritized, and knowledgeable, to navigate the complex financial markets towards the goal of buying a house. Trustworthiness and knowledge are demonstrated through certifications, reputation, industry experience, and a history of client success.

Step-by-step explanation:

Candace should look for a financial advisor who is both trustworthy and knowledgeable. A trustworthy advisor is critical because Candace needs to be sure that her money is in safe hands and that the advisor will act in her best interest. A knowledgeable advisor is important because they will be well-informed about the ever-changing financial markets and can help Candace make decisions that align with her long-term goal of buying a house. Trustworthiness could be indicated by certifications, a strong reputation, or a clean regulatory history, whereas knowledge might be demonstrated through industry experience, educational background, and a strong track record of client success.

Additionally, considering that it's difficult to predict the future of stock prices, a financial advisor who encourages education and deploying a diversified investment strategy can be beneficial. This would mean avoiding putting all investment into one category or industry, which could protect Candace's portfolio from significant losses if one sector was to perform poorly.

User Avaan
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Answer:

two qualities candace should look for...

Step-by-step explanation:

understanding- she should look for someone who is understanding of her money and her time, with out that the financial advisor could be very careless

communication- they should be able to communicate with her about her money if there is ever a problem, and when she has the right amount to get her goal.

User Moona
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