You are 24 years old and a recent college graduate. Having landed your first job, you also know that it is never too early to begin investing for your future needs. At your age, which of the following investment strategies would be most likely to help you accumulate significant wealth over the long haul

Question

29-10-2019
Social Studies

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You are 24 years old and a recent college graduate. Having landed your first job, you also know that it is never too early to begin investing for your future needs. At your age, which of the following investment strategies would be most likely to help you accumulate significant wealth over the long haul

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nuuk nuuk · Answer 1 · 2019-10-30T11:52:45+01:00

Answer:Investing mainly in a diversified set of securities

Explanation:

Investing in a diversified set of securities reduces the risk of investment so it is better to invest in multiple plans rather investing Large capital in a single investment Plan.

Most Popular Investment Plans are PPF (Public Provident fund) and Equity funds which is intended for low risk takers and tax benefits respectively.