ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is a long term savings/investing option?
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Savings Account
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Certificate of Deposit
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Mutual Funds
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Money Market Account
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Explanation:
Detailed explanation-1: -Generally speaking, mutual funds-especially equity mutual funds-should be considered a long-term investment.
Detailed explanation-2: -The main types of long-term investments are stocks, bonds, mutual funds, ETFs, and real estate.
Detailed explanation-3: -Instruments facilitating long-term investments include stocks, real estate, cash, etc. Long-term investors take on a substantial degree of risk in pursuit of higher returns. Long-term investments are not subject to any adjustments due to temporary market fluctuations.
There is 1 question to complete.