Devonte recently started his first job after college and knows he shou

QUESTION

Devonte recently started his first job after college and knows he should be thinking about saving for retirement. What type of investment strategy is best for his goals?

What will be an ideal response?

ANSWER

Answer: Buying and holding investments is a good strategy for people investing for the long term and people who can ride out market ups and downs over time.
Explanation: The buying and holding investment strategy is a good fit for young people saving for retirement or anyone else whose investment goals have a longtime horizon. This strategy invests in a diversified range of securities and leaves them alone for several years to build value.