Sam Waters just received $10,000 from his grandmother's estate.He has thought about buying himself a new Harley with the money but has decided instead to add the money to his mutual fund account.Which suggestion for obtaining the money he needs for investing is he following?

Question

Quizplus · Accepted Answer

Sam is taking advantage of a windfall (the $10,000 inheritance) to invest in his mutual fund account. This is a good choice because he is putting the money towards his long-term financial goals instead of spending it on a short-term reward (like a new Harley).

Sam Waters Just Received $10,000 from His Grandmother's Estate