It is generally thought that young, upwardly mobile people should take less risk than elderly people living on a fixed income.

Name: It is generally thought that young, upwardly mobile people should take less risk than elderly people living on a fixed income.
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Question

Quizplus · Accepted Answer

It is just the opposite. Young, upwardly mobile investors should take more risk, since they have a longer time to recover losses than older investors on fixed incomes.

It Is Generally Thought That Young, Upwardly Mobile People Should