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 as it may lead to debt accumulation and interest payments, which can harm their overall financial situation. It is better to focus on balancing the budget, establishing investment goals, creating an emergency fund, and establishing a line of credit if needed.

All of the Following Statements Are Considered to Be Good