Since William is not generally a risk-taker, and he also knows that he needs to step out of his comfort zone to make enough money for retirement, therefore, the best option to meet William's needs is if he invests in a commodity.
How does retirement work?
Retirement, in a broad sense, is the stage of life when you no longer need to work to support yourself financially and can instead rely on savings or other passive sources of income. Financial independence and retirement are frequently used as synonyms.
What is a commodity?
A product is a finished good sold to consumers, whereas a commodity is a raw material utilized in the production process to make finished goods. A commodity that can be grown, extracted, or mined does not gain any value.
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