3. Currently, the economy is in the recovery stage. Referring to Exhibit 12–3, what types of stock would you suggest for Jamie and Ross to invest in considering their life stage and current moderate investment strategies? What characteristics are associated with the types of investments you suggested?

The triplets are now entering high school, and Jamie Lee and Ross are comfortable with their financial and investment strategies. They budgeted throughout the years and are on track to reach their longterm investment goals of paying the triplets’ college tuition and accumulating enough to purchase a beach house to enjoy when Jamie and Ross retire.
Recently, Ross inherited $50,000 from his uncle’s estate. Ross would like to invest in stocks to supplement their retirement income goals.
Jamie Lee and Ross have been watching a technology company that has an upcoming initial public offering and several other stocks for well-established companies, but they are unsure which stocks to invest in and are also wondering if their choices will fit their moderate risk investment strategies. They want to make the best decisions they can to maximize their investment returns.