5-2(I) The Objectives & Rewards Of Investing [LG1]Investing—usually considered a long-term activity. Future values and returns expected to increase through time.Speculating—usually considered a short-term activity. Future values and returns highly uncertain.Investment prerequisites—adequateinsurance coverage and cash/savings (emergency fund) to provide protection against the unexpected
5-3Coming Up With the CapitalDetermine your financial objective.How much money will it take?Do you have a lump sumto invest now, or will you systematically savetoward your goal?Yourinvestment planprovidesdirection in helping you attain your goal
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