James Gripka Has a Mutual Fund That Automatically Takes $50

question 35

Multiple Choice

James Gripka has a mutual fund that automatically takes $50 out of his checking account each month. Which suggestion for obtaining the money he needs for investing is he following?

• A) Taking advantage of gifts, inheritance and other windfalls
• B) Taking advantage of employer-sponsored retirement programs
• C) Participating in an elective savings program
• D) Making a special effort once or twice a year to save
• E) Using financial leverage to increase investment returns