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Answered

13. Choose the best answer.
What is the greatest benefit of investing over the long term?
Be less likely to invest in a bear market.
Harness the multiplying effect of compound interest.
Have more timto overcome the friction of fees and commissions.
O Gain maximum benefit from diversification.



Answer :

GinnyAnswer

Final answer:

Investing in the long term offers the advantages of compound interest, diversification, and mutual funds to enhance wealth accumulation.


Explanation:

The greatest benefit of investing over the long term is harnessing the multiplying effect of compound interest. Compound interest allows your investments to grow exponentially over time, significantly increasing your wealth.

Diversification is also crucial in long-term investing. By spreading your investments across different assets, you can reduce risk and potentially increase returns.

Investing in mutual funds is a popular way to achieve diversification at a lower cost, benefiting from professional management and reduced transaction fees.


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