Question

question 4 of 6
ben is interested in diversifying his portfolio. he wants to be able to easily manage many investment types at once, but does not want to pay high fees. which investment type is best for ben?
select a response.
individual stocks and bonds
multiple cash equivalents
exchange traded fund(etf)
mutual fund

Explanation:

ETFs offer instant diversification by holding a basket of assets (stocks, bonds, etc.), are traded like stocks for easy management, and typically have lower expense fees compared to mutual funds. Individual stocks/bonds require separate management of each asset, and cash equivalents offer little diversification. Mutual funds often have higher fees and less flexible trading than ETFs, making ETFs the best fit for Ben's needs.

Answer:

Exchange Traded Fund (ETF)