Question

Your​ co-worker is about five years away from retirement and she is feeling fairly​ risk-averse. She wants to make sure she preserves her retirement plan investments but she is also bullish on the market and wants to get some capital appreciation. Which of the following mutual funds would be her BEST investment​ option

Answer 1

Answer:

Balanced mutual fund

Explanation:  

Balanced mutual fund -

These type of mutual funds , inverts in more types of assets , like the bonds and stocks , for an objective like aggressive or moderate .

There a lot of balanced funds options available in the market , having a the types -

1.  passively managed

2.  actively managed .

The mutual funds which the investor can hold on for a long duration i.e. for a decade or so , are the best type of mutual funds .