Final answer:
The only good investment according to John Weightman and supported by other sources is higher education, due to its potential for significant personal wealth accumulation and its resilience during economic fluctuations.
Step-by-step explanation:
According to John Weightman and various sources, higher education is generally viewed as the only good investment. This perspective is held regardless of the current state of the economy. Investing in higher education can be a significant driver for personal wealth accumulation. Not only can it lead to better job prospects and higher income over a person's lifetime, but it also provides intangible benefits such as personal and professional growth.
Unlike other investment options such as stocks, bonds, or housing, higher education is unique. While bonds allow you to earn interest by lending money to the government or businesses, and housing can provide returns in the form of capital gains and a place to live, education equips an individual with skills and knowledge that can lead to a sustainable source of income. Furthermore, the New York Federal Reserve has noted that despite rising costs, college is still an excellent investment for increasing personal wealth.