The correct answer is D. All of the above.
People go for nontraditional products because they offer flexibility, wealth accumulation, and transparency.
Flexibility: Nontraditional products can be customized to meet individual needs. For example, a person can choose the amount of risk they are comfortable with, the length of time they want to invest, and the type of investment they want to make.
Wealth accumulation: Nontraditional products can help people accumulate wealth over time. For example, a person can invest in a nontraditional product that offers a higher return on investment than traditional products.
Transparency: Nontraditional products are often more transparent than traditional products. This means that people can see exactly what they are investing in and how their money is being used.
Here are some additional details about each of these factors:
- Flexibility: Nontraditional products can be customized to meet individual needs. For example, a person can choose the amount of risk they are comfortable with, the length of time they want to invest, and the type of investment they want to make. This flexibility can be appealing to people who want to have more control over their investments.
- Wealth accumulation: Nontraditional products can help people accumulate wealth over time. For example, a person can invest in a nontraditional product that offers a higher return on investment than traditional products. This can be a good way to grow wealth over time, especially for people who are willing to take on more risk.
- Transparency: Nontraditional products are often more transparent than traditional products. This means that people can see exactly what they are investing in and how their money is being used. This transparency can be important to people who want to be sure that their money is being invested in a responsible way.
Overall, there are many reasons why people go for nontraditional products. These products offer flexibility, wealth accumulation, and transparency, which can be appealing to many people.