Matt Jackson is single and 24.He has just graduated from college and obtained a job making $26,400 a year.Which one of the following investments would you recommend for his long-term investment program?
A)corporate bonds
B)government bonds
C)growth stocks
D)commodities
E)money-market fund

Question

Quizplus · Accepted Answer

As Matt is young and has just started his career, he has a long-term investment horizon. Growth stocks have the potential to provide higher returns over a long-term period than other investment options like bonds or money-market funds. While there is greater risk with growth stocks, Matt has the time to ride out any short-term fluctuations in the market. In addition, he has no dependents or immediate financial obligations, so he can afford to take more risks at this stage in his life.

Matt Jackson Is Single and 24