Last year Alexis landed her first professional job after graduating from college. She also started her first investment account. Having met with several brokers before choosing someone to work with, Alexis wanted to make certain that her investment choices would provide for long-term growth, yet satisfy her concern for diversification. The person who won her business prepared an asset allocation plan that would start her account by investing in several index funds. Her adviser has offered her a sound way to combine the concern for diversification since index funds are a sensible way for Alexis to start.
Correct Answer:
Verified
Q171: A mutual fund's purpose is rapid investment
Q185: Index funds invest in one specific type
Q188: We calculate the mutual fund's NAV (Net
Q189: Most investment advisors put mutual funds high
Q191: Mutual funds offer small investors an opportunity
Q191: U.S. investors have invested $13 trillion in
Q192: The investor always pays a fee when
Q193: Small investors can spread the risk of
Q193: Exchange traded funds are like mutual funds
Q200: Every time someone sells a stock believing
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents