All of the following statements are considered to be good advice for a potential investor starting an investment program except:
A)Work to balance your budget.
B)Increase credit purchases to conserve cash.
C)Establish specific and measurable investment goals.
D)Start an emergency funD.
E)Establish a line of credit.

Question

Quizplus · Accepted Answer

Increasing credit purchases to conserve cash is not a good advice for a potential investor starting an investment program. It can lead to debt accumulation and high interest payments, which can hinder investment progress. It is important to prioritize budgeting and saving to fund investments rather than relying on credit.

All of the Following Statements Are Considered to Be Good