Charlie is sixty-four years old and is looking forward to his retirement next year. He currently has all of his 401K retirement money invested in the stock market. What financial principle from Chapter One does he need to understand better?

Question

Quizplus · Accepted Answer

Charlie needs to understand that risk and return go hand in hand. As he approaches retirement, he should consider reducing his exposure to high-risk investments like stocks to protect his savings from market volatility.

Charlie Is Sixty-Four Years Old and Is Looking Forward to His