Answer:
You have not provided any options. However, since this is more of a practical question, the suitable answers are,
Explanation:
Mutual funds are a wonderful option to track the share market without exposing yourself to too much market risk. A mutual fund holds a diversified portfolio of stocks that distributes risk among various companies from different industries.
That way, even if the market is poorly performing, as a whole, the fund will be stable. Moreover, in the long term, since you have 50 years until you are 70, compounding your dividends will make you a lot of money to retire.
Besides, mutual funds have a high liquidity, making it easier for you to withdraw your money.
Certificate of Deposits are virtually risk free and provides a descent income through the high interest rates.
The main benefit here is the compounding effect of the interest. Since 50 years is a long time frame, even if you start small, you can eventually end up with a hefty sum to help your retirement. Because the compounding effect will be highly effective in the long term.
