Devonte recently started his first job after college and knows he should be thinking about saving for retirement. What type of investment strategy is best for his goals?

What will be an ideal response?


Answer: Buying and holding investments is a good strategy for people investing for the long term and people who can ride out market ups and downs over time.
Explanation: The buying and holding investment strategy is a good fit for young people saving for retirement or anyone else whose investment goals have a longtime horizon. This strategy invests in a diversified range of securities and leaves them alone for several years to build value.

Business

You might also like to view...

Federal courts handle:

a. civil cases that are above some dollar amount, usually $10,000. b. nearly every type of case in the United States, including most fraud cases. c. cases relating to the U.S. Constitution or federal laws only. d. criminal cases that are below some dollar amount, usually $20,000.

Business

If an invention is obvious, then it does not qualify for a patent.

Answer the following statement true (T) or false (F)

Business

A finder of a mislaid property can claim title to the property if it is found within the finder's premises

Indicate whether the statement is true or false

Business

A ________ breaks down a project into modules: subcomponents, components, activities, and tasks

Fill in the blank with correct word.

Business