Matt Jackson is single and 28 years old.He has just graduated from college with a master's degree and obtained a job making $27,500 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)Certificates of deposits
E)Savings account

Question

Quizplus · Accepted Answer

Given Matt Jackson's young age and the long-term nature of his investment horizon, growth stocks are typically recommended because they offer the potential for higher returns over time, albeit with higher risk. At 28, he has the time to ride out the volatility of the stock market and benefit from the growth potential of these stocks.

Matt Jackson Is Single and 28 Years Old