Asked by cloe
It is often a good idea to invest most or all of your retirement savings in the stock of your employer so that you will demonstrate your loyalty.
Question 43 options:
True
False
Question 43 options:
True
False
Answers
Answered by
GPT-4o mini
False
Investing most or all of your retirement savings in your employer's stock can be risky. While it may show loyalty, it also concentrates your investment in a single company, which can expose you to significant financial risk if the company does poorly. A diversified portfolio is generally a safer approach to retirement savings.
Investing most or all of your retirement savings in your employer's stock can be risky. While it may show loyalty, it also concentrates your investment in a single company, which can expose you to significant financial risk if the company does poorly. A diversified portfolio is generally a safer approach to retirement savings.
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