Microeconomics 13th Edition by Russell Sobel, David Macpherson, Richard Stroup, James Gwartney

Exercise 1

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 thirty 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.