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Your Parents are Worried Your mom and dad are worried about you. They know that now that you have graduated from Sask Polytech, acquired a good job, have paid off your credit cards and most of your student loans. You are starting to accumulate some savings that you are thinking about investing in mutual funds. They think you are getting too wild. They have heard from their friends that mutual funds are far too risky and are never a good investment choice for anyone. Answer the three questions that follow. Question 4 (3 points) Explain to your parents how their information concerning mutual funds is inaccurate. Then educate your parents by briefly explaining four distinct benefits of mutual fund investing. Question 5 (4 points) You tell your parents that your investments are being equally split between your RRSP account and your TFSA account right now. They think that is crazy talk and that you should stick with the tried and true RRSP savings that they have used for 40 years. Explain to your parents why, in your case, splitting your savings between these two investment vehicles is a good idea. Clearly state any assumptions that you make. Question 6 (5 points) Your parents have heard from their friends that there are these new investments called "Exchange Traded Funds" and that they are a good idea. They ask you what the difference is between mutual funds and EFTs and why ETFs may be a better investment option for them. What would be the drawbacks

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