Question 8

Rhian is an investment consultant and advises his clients on how to invest their savings. Keep in mind that returns on stock market investments are not guaranteed and are uncertain.

To which of these clients should Rhian recommend investing in the stock market?

A. Mike, 56, who has just begun saving for retirement
B. Ravi, who works two part-time jobs and is struggling to pay off his student loans
C. Angela, 24, who works at a law firm and has a steady annual income
D. Meredith, who receives a monthly income from her pension

Question

18-07-2024
Business

Answered

Question 8

Rhian is an investment consultant and advises his clients on how to invest their savings. Keep in mind that returns on stock market investments are not guaranteed and are uncertain.

To which of these clients should Rhian recommend investing in the stock market?

A. Mike, 56, who has just begun saving for retirement
B. Ravi, who works two part-time jobs and is struggling to pay off his student loans
C. Angela, 24, who works at a law firm and has a steady annual income
D. Meredith, who receives a monthly income from her pension

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-07-18T19:59:04-04:00

Final answer:

Rhian should recommend investing in the stock market to Angela, a 24-year-old with a steady income, due to the potential for higher long-term returns in the stock market compared to other investment options.

Explanation:

Rhian should recommend investing in the stock market to Angela, 24, who works at a law firm and has a steady annual income. Investing in stocks is suitable for individuals with a long time horizon before needing the invested funds, as the stock market can even out over several decades, offering higher returns than bonds or bank accounts. For Angela, who is young and has a steady income, investing in stocks can potentially lead to greater long-term wealth accumulation.

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