kerjessicathardoc
Answered

Imagine that a friend asks you for investment advice. He has $10,000 to invest and he has about 35 years before he will be ready for his financial goal of early retirement. What types of investments would you recommend to your friend? Why? What other investing advice would you give him to help him achieve his financial goals?

Verified Answer :

It depends on the risk that individual is ready to accept. with 35 years to go I would start with aggressive high tech companies mutual fund 75%, 20% corporate bonds and 5% obligations of US government. With time I would decrease high tech fund and increase corporate bonds. The main point is diversification that lowers risk.

Related Questions