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)Perform a financial checkup.

Question

Quizplus · Accepted Answer

Increasing credit purchases to conserve cash is not considered good advice for a potential investor starting an investment program. It can lead to high-interest debt, which is counterproductive to building wealth through investments. The other options are generally recommended practices for someone beginning to invest.

All of the Following Statements Are Considered to Be Good