Because of the age factor, younger investors tend to invest a large percentage of their nest egg in what types of investments?

Question

Quizplus · Accepted Answer

Younger investors tend to have a longer investment horizon, which allows them to take on more risk. Therefore, they tend to invest in growth-oriented mutual funds, which have a higher potential for returns but also come with higher risk. This allows them to compound their gains over time and potentially achieve a higher overall return on their investment.

Because of the Age Factor, Younger Investors Tend to Invest