Your friend just won $50,000 in an Elvis Presley look-alike contest. He asks you for investment advice. He wants the investment most likely to double his money in the next year. The choices are: Portfolio #1: 100% in the S&P 500 index. Portfolio #2: 100% in Microsoft, one of the best-known companies in the Index. Portfolio #3: 100% in U.S. Treasury bills. Given his goal, which investment should he pick? Explain.

(5 points) Your friend just won $50,000 in an Elvis Presley look-alike contest. He asks you for investment advice. He wants the investment most likely to double his money in the next year. The choices are: Portfolio #1: 100% in the S&P 500 index. Portfolio #2: 100% in Microsoft, one of the best-known companies in the Index. Portfolio #3: 100% in U.S. Treasury bills. Given his goal, which investment should he pick? Explain