Question

Roddy Rich is a very astute entrepreneur and wants to invest in an asset that will require high maintenance with disregard for spreading risks in the asset or the amount spent investing in asset has a potential for greater returns. He is best served investing in the following:_______

a. hedge funds
b. small cap stocks
c. mutual funds
d. growth stocks
e. Index funds
f. ETFs

Answer 1

Roddy Rich, as an astute entrepreneur, is best served investing in growth stocks.

Step-by-step explanation:

Roddy Rich, as an astute entrepreneur, is best served investing in growth stocks. Growth stocks have the potential for greater returns as they typically belong to companies that are growing at an above-average rate. They may require high maintenance and have high risks, but for a young and ambitious entrepreneur like Roddy Rich, investing in growth stocks aligns with his goals and aspirations. By investing in growth stocks, he can benefit from the long-term potential of these companies.

Answer 2

He is best served investing in the following:_______

a. hedge funds

Step-by-step explanation:

Hedge funds require high maintenance cost. Hedge funds are alternative investment vehicles used by risk-tolerant investors. The hedge funds investment company pools funds from different investors into a single fund and then employs different strategies, including complex trading, sophisticated derivatives, portfolio-construction, and risk management techniques, to earn active returns and improve the pooled funds performance.