Nice. How many pages did they assign you to read in order to answer that question?
I'll expand just a little on what those are, since you don't care to read their extended definitions elsewhere:
A. A U.S. Savings Bond is a loan to the government. The yield is pretty small, but the return is pretty safe. It's considered a low-risk investment, so it's decent for keeping what you have.
B. Growth fund? I'm assuming you mean a mutual fund, in which a large number of people put their money so the fund manager can invest a huge sum. The term "growth" is applied when the intention is to buy stocks and then sell them quickly for high profits. That's what a lot of mutual funds do.
C. Money market fund most likely invests in the money market. That's where banks take your savings and trade dollars for other currencies. They can make a killing at it... but they pay you a paltry "guaranteed" sum.
D. IRA = Individual Retirement Account. An IRA allows an investor to invest in a wide variety of stocks, bonds, mutual funds, exchange-traded funds, tax lien certificates, and looey lamore. That would be the obvious answer... or would it?
Any of the above could be used to enhance one's retirement income, depending on your goals and your risk tolerance.
But on the test, mark D. And read the stinkin' book!
2007-07-18 18:10:53
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answer #1
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answered by wood_vulture 4
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A and C are very conservative investment vehicles for a retirement. You would barely keep up with inflation. If you have many years (>20) before retirement than invest in growth funds or growth stocks in an IRA.
If this is a question from some test, D is the answer.
2007-07-18 18:09:08
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answer #2
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answered by Anonymous
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This happens all the time and it’s how some of the best investors in the world became the richest investors in the world. Buying some shares for pennies on the dollar and selling at $10 or $20 is possibly the fastest way from being a hobby investor to a super investor
2016-02-16 01:36:47
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answer #3
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answered by Harriet 3
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D IRA the others are storage of money not retirement at all. Only the growth fund could be used to make money at all the others are just storage hardly beating inflation
2007-07-18 18:01:09
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answer #4
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answered by shipwreck 7
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You can't succed in binary trading without a strategy, a good method to follow and some kind of software support. They program I use is called "Autobinary signals". It helps finding loopholes for guaranteed returns. It's very easy to use and I'm earning good money. You find all the details on this site: http://tradingsignal.toptips.org
2014-09-25 16:11:39
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answer #5
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answered by Anonymous
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2017-03-01 03:33:26
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answer #6
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answered by ? 3
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A common misconception is that you will have to be a financial and business expert in order to successfully trade binary options. However, this is not true at all. Learn here https://tr.im/MEIeQ
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2016-05-01 18:18:29
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answer #7
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answered by ? 3
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Roth IRA is the best. You end up paying a whole lot less taxes
2007-07-18 18:05:37
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answer #8
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answered by James D 1
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the best trading software http://tradingsolution.info
i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.
if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.
2014-12-19 03:55:48
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answer #9
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answered by ? 3
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