ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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websites such as e-Trade or Vanguard
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real estate agents
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a stockbroker
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a financial advisor
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Detailed explanation-1: -Marcus has received a $20, 000 gift for graduating high school, and he wants to invest is money in the stock market. Which of the following would be able to help him? E-Trade or a financial advisor or a stockbroker.
Detailed explanation-2: -Which of the following is NOT a recommended strategy when investing in stocks? avoid investing solely in individual stocks. Many financial advisors recommend that investors diversify their investment portfolio.
Detailed explanation-3: -Diversification is simply the strategy of spreading out your money into different types of investments, which reduces risk while still allowing your money to grow. It’s one of the most basic principles of investing.
Detailed explanation-4: -What is a mutual fund? Mutual funds offer investors the opportunity to group their money together and buy stocks, bonds and other investments “mutually” to invest in a common objective, such as generate current income or seek long-term growth.