Series 7 - General Securities Representative Exam

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A 23 year old client just set up his IRA. Which of the following allocations might you suggest?

90% stocks 10% weekly options
A
18% gold / 32% stocks / 20 % money market funds / 30% bonds
B
50% bonds / 50% stocks
C
90% stocks 10% bonds
D
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Explanations

At this age with such a long time horizon, 90/10 stocks to bonds is the best choice. Trading in weekly options is high risk and requires experience. There is no need for 50% bonds or only 32% stocks

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