Question

Which sentences describe points that Miguel should consider in the goal-setting process before he starts to invest?

Miguel plans to start investing in a few months. His friends advise him to set some financial goals. First, Miguel arrives at an estimate of the total returns that he wants from his investments. He is also trying to decide whether to invest only in stocks or only in bonds. He makes up his mind about the type of industries he wants to invest in. Eventually, he wants to use this amount to repay part of a home loan that he plans to take.

Answer 1

Miguel should consider setting financial goals, deciding between stocks and bonds, choosing industries to invest in, and using investments to repay a home loan.

Step-by-step explanation:

Miguel should consider several points in the goal-setting process before he starts to invest:

1. Identify his financial goals and estimate the total returns he wants from his investments.
2. Decide whether to invest only in stocks or only in bonds.
3. Make up his mind about the type of industries he wants to invest in.
4. Consider how he can use his investments to repay part of a home loan that he plans to take.

By considering these points, Miguel can set clear goals and make informed investment decisions.

Answer 2

First, Miguel arrives at an estimate of the total returns that he wants from his investments.

Step-by-step explanation:

Plato :)