> > Imagine that a friend asks you for investment advice.

Imagine that a friend asks you for investment advice.

He has $10,000 to invest and he has about 35 years before he will b...

189 Views

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?

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.

Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 58 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 189 views.

Recommended Questions