9. which type of fund is usually passively managed, can be traded throughout the day, and is bought directly…

9. which type of fund is usually passively managed, can be traded throughout the day, and is bought directly from other investors like a stock? mutual fund robo - advisor exchange - traded fund target date fund 10. in 2022, noah decided to start investing in a target - date fund at alpine brokerage. they are 24 years old, have been working for 5 years, and are planning on retiring at 67. which target - date fund should they choose? alpine target retirement 2060 fund alpine target retirement 2065 fund alpine target retirement 2070 fund alpine target retirement 2075 fund

9. which type of fund is usually passively managed, can be traded throughout the day, and is bought directly from other investors like a stock? mutual fund robo - advisor exchange - traded fund target date fund 10. in 2022, noah decided to start investing in a target - date fund at alpine brokerage. they are 24 years old, have been working for 5 years, and are planning on retiring at 67. which target - date fund should they choose? alpine target retirement 2060 fund alpine target retirement 2065 fund alpine target retirement 2070 fund alpine target retirement 2075 fund

Answer

Brief Explanations:

  1. Exchange - traded funds (ETFs) are passively managed, can be traded throughout the day on an exchange and are bought and sold between investors like stocks. Mutual funds are actively - managed and traded at the end of the day at the net - asset value. Robo - advisors are digital platforms providing automated financial planning services. Target date funds are designed for a specific retirement date.
  2. Noah is 24 years old in 2022 and plans to retire at 67. The target - date should be around 2065 (2022+(67 - 24)). Target - date funds are named for the approximate year an investor plans to retire.

Answer:

  1. C. Exchange - traded fund
  2. B. Alpine Target Retirement 2065 Fund