Answer Happy

Penny receives a bonus from work and meets with her insurance agent. Leonard, to discuss her options for investing. Penny has already contributed the maximum amounts to her Registered Retirement Savings Plan (RRSP) and Tax-Free Savings Account (TFSA). Penny determines that she will need to invest her bonus proceeds into a non-registered account. Penny's time horizon for the investment is 5 years when she would like to use the funds for a down payment on a cottage. Penny considers both a mutual fund and a segregated fund. Which of the following is an advantage of putting her investment in a segregated fund over a mutual fund? maturity guarantee diversification creditor protection variety of funds available Oa) 06) Od)