Question

your client is 40 years old. she wants to begin saving for retirement, with the first payment to come one year from now. she can save $15,000 per year, and you advise her to invest it in the stock market, which you expect to provide an average return of 10% in the future.

Answer 1

Classic cases include Jewish merchants and tradespeople in large U.S. cities in the 19th and early 20th centuries as well as Chinese and Japanese small business owners (restaurants, farmers, shop owners) on the West Coast. In the 2010s, ethnic entrepreneurship has been studied in the case of Cuban business owners in Miami, Indian motel owners of the U.S. and Chinese business owners in Chinatowns across the United States. While entrepreneurship offers these groups many opportunities for economic advancement, self-employment and business ownership in the United States remain unevenly distributed along racial/ethnic lines.