All of the following statements are considered to be good advice for the potential investor before starting his or her personal investment program except:
A)Learn to live within your means.
B)Increase credit purchases and make installment payments in order to increase cash available for investing.
C)Provide adequate insurance protection.
D)Start an emergency fund.
E)Establish a line of credit.

Question

Quizplus · Accepted Answer

Increasing credit purchases and making installment payments may actually harm the investor's financial situation by accruing debt, interest, and potentially lowering their credit score. It is not considered good advice for starting a personal investment program.

All of the Following Statements Are Considered to Be Good