Series 7 - General Securities Representative Exam

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Jacob is a 21 year old college student that prudently wants to open an IRA. Which of the following portfolio components would be MOST suitable for him?

Mid cap stocks and municipal bonds
A
Preferred stocks and money market funds
B
A balanced mutual fund and growth stocks
C
Pink sheet stocks and LEAPS
D

Explanations

A balanced fund can provide exposure to stocks and bonds. Combining this with growth stocks given his age, this is the most suitable among the choices

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