Question

Imagine that a friend asks you for investment advice. He has $10,000 to invest and he has about 35 years before he will be ready for his financial goal of early retirement. What types of investments would you recommend to your friend? Why? What other investing advice would you give him to help him achieve his financial goals?

FLVS question

Answer 1

Real Estate! It is the safest investment. $10,000 can be a down payment on a small home depending on where the friend lives.

Tax deferred annuities or 401k plans through an employer are also safe investments. Any investment that has long term growth rather than risky stocks is a smart choice.