Microeconomics 14th Edition by James Gwartney ,Richard Stroup,Russell Sobel ,David Macpherson

Exercise 7

*A friend just inherited $50,000. She informs you of her investment plans and asks for your advice. "I want to put it into the stock market and use it for my retirement in 30 years. What do you think is the best plan that will provide high returns at a relatively low risk?" What answer would you give? Explain.