Research paper: developing a financial plan

Assume you are single and have graduated from college. Your monthly  take-home pay is $2,500 and your monthly expenses total $2,300, leaving  you with a monthly surplus of $200. Develop a personal plan of action  for investing using the steps listed in Exhibit 13.5. 

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Exhibit 13-5 steps:

1. Establish your investment goals. 

2. Determine the amount of money you need to obtain your goals. 

3. Specify the amount of money you currently have available to fund your investments. 

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4. List different investments that you want to evaluate. 

5. Evaluate (a) the risk factor and (b) the potential return for all investments. 

6. Reduce possible investments to a reasonable number.

7. Choose at least two different investments. 

8. Continue to evaluate your investment program. 

APA, with references. 2-3 pages 

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