Jack recently received a considerable sum of money by selling his property. He decides to invest this sum in a diversified set of securities. He plans to retain these securities for a long time until they have appreciated.Jack is using the _____ investment strategy.

Question

Quizplus · Accepted Answer

Jack's plan to retain the securities for a long time until they have appreciated and investing in a diverse set of securities indicate that he is using a buy and hold investment strategy. The other options do not fit his investment approach. Market timing involves buying and selling securities based on short-term fluctuations in the market, investing for growth focuses on individual stocks with high potential for growth, and value investing involves identifying undervalued securities.

Jack Recently Received a Considerable Sum of Money by Selling