If someone had $5,000 and wanted to invest and see it grow. What factors would you ask the person about before making your recommendation? What types of institutions and accounts would you suggest to the person based on at least two different situations you create?

Question

If someone had $5,000 and wanted to invest and see it grow.  What factors would you ask the person about before making your recommendation? What types of institutions and accounts would you suggest to the person based on at least two different situations you create?

MiraAngel · Answer

@Aqual

MiraAngel · Answer

@Vocaloid If you have time, may you try to help me? thanks! :)

Arriannabackup4 · Answer

oh just press something that says best response

Arriannabackup4 · Answer

oh okie

why · Answer

-12 months or less then a savings account. 
-2 year or more then open a no load mutual fund account with a financial institution such as Charles Schwab. 
-5 yrs or more then purchase some stock

why · Answer

i think

MiraAngel · Answer

Thank you so much! It sounds good! :)