You Have Just Graduated from College and Landed Your First

question 7

Multiple Choice

You have just graduated from college and landed your first job. However, you realize that it is never too early to begin investing for your future needs. Which of the following investment strategies would be most likely to help you accumulate significant wealth over the long haul?

• A) putting all of your money into a government-insured savings account with a bank
• B) investing mainly in a diversified set of common stocks
• C) investing in the preferred stocks of a few well-established corporations
• D) investing mainly in a broad group of corporate bonds

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Definitions:

Practice

The repeated exercise or performance of an activity or skill to acquire or maintain proficiency in it.

Overnight Success

The perception that an individual or company has achieved significant success in a very short period of time, often disregarding the years of effort leading up to it.

Bill Gates

A co-founder of Microsoft Corporation, Bill Gates is recognized as one of the pioneers of the microcomputer revolution and is also known for his philanthropic work.

Specific Set Of Traits

A particular group of characteristics, attributes, or properties that distinguish entities from one another.