Mr. Patel had an extremely successful early career, and he
was actually able to retire at 45. He wants to move his money
into a mutual fund that pays out a lot of cash, but he does not
care how much. He also wants to take some risk in hopes of
extra returns. Find an appropriate mutual fund and explain your
decision.

Question

20-04-2022
Business

contestada

Mr. Patel had an extremely successful early career, and he
was actually able to retire at 45. He wants to move his money
into a mutual fund that pays out a lot of cash, but he does not
care how much. He also wants to take some risk in hopes of
extra returns. Find an appropriate mutual fund and explain your
decision.

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ogorwyne ogorwyne · Answer 1 · 2022-04-25T12:53:22+02:00

The appropriate mutual fund that is going to be helpful for Mr Patel would be the Equity Mutual funds.

What is the Equity Mutual funds?

This is the type of investment that is overseen by a professional in the corporate money business.

Given that he said that he does not want to care much, this would be appropriate for him. Because he is not risk averse, he is going to have a higher return here.

Read more on Equity Mutual funds https://brainly.com/question/23601898