Jim is wanting to retire in 5 years. He already has a large sum of money built up from consistent saving over time. Which investment option would be the LEAST LIKELY for him to continue purchasing?
A stocksstocks
B bondsbonds
C certificates of depositcertificates of deposit
D mutual funds

Respuesta :

As Jim has a large sum of money built up from consistent saving over time, an investment option would be the least likely for him to continue purchasing will be a mutual fund.

What is an investment?

In business, an investment refers to an asset or item acquired with the goal of generating income or appreciation. Most time, when someone purchases a goods as an investment, the intention is not to consume its but rather to use it in the future to create wealth.

We have a short and long term investment, mutual funds belong to a short term investment, therefore, the investment option would be the least likely for him to continue purchasing will be a mutual fund.

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