Clark has enough money in personal savings to consider investing, but because of college, he will need to have access to it in the short term. Which investment might he consider?
-is it specific?
-is it measurable?
-is it achievable?
-is it timely?
Investment: High-yield savings account or a short-term certificate of deposit (CD)
- Specific: Yes, this investment option is specific because it clearly identifies high-yield savings accounts and short-term CDs as possible investments for Clark.
- Measurable: Yes, the performance of these investment options can be measured, such as comparing interest rates and returns on various high-yield savings accounts and short-term CDs.
- Achievable: Yes, these investments are achievable for Clark because they are designed for people who need short-term access to their funds and do not require a large amount of capital to get started.
- Timely: Yes, this investment option is timely because high-yield savings accounts and short-term CDs provide relatively quick access to funds compared to other investments, which is suitable for Clark's situation as he needs access to his money for college expenses.