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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

What are some reasons why the investment strategy of a 30-year-old might differ flow the investment strategy of a 65-year-old?

To determine

The reasons for difference in the investment strategy of 30 year old from the 65 year old are to be determined.

Explanation

The less is the age, the more is risk taking capacity of a person. so the people at the age of 30 can invest 100% of the money in equities. With experience they can earn better. Even if they lose the money they have time to reverse their stocks and can make money in later years. But the person of age 65 has less risk taking capacity...

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